Financials in USD. Standardized financial statements.
A compact view of how Upstart Holdings, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.08B | $676.96M | $547.72M | $853.29M | $849.89M | $230.08M | $189.27M | $95.58M | $55.64M |
| Revenue Growth? | +58.9% | +23.6% | -35.8% | +0.4% | +269.4% | +21.6% | +98.0% | +71.8% | 0.0% |
| Cost of Revenue? | $51.54M | $48.13M | $39.60M | $15.53M | $3.27M | $8.03M | $26.48M | $0 | $0 |
| Gross Profit? | $1.02B | $628.83M | $508.12M | $837.76M | $846.61M | $222.05M | $162.78M | $95.58M | $55.64M |
| Gross Margin? | +95.2% | +92.9% | +92.8% | +98.2% | +99.6% | +96.5% | +86.0% | +100.0% | +100.0% |
| Operating Expenses? | $969.66M | $757.23M | $748.14M | $946.83M | $712.88M | $216.10M | $167.73M | $106.80M | $64.50M |
| Operating Income? | $54.33M | -$128.40M | -$240.03M | -$109.07M | $133.73M | $5.95M | -$4.95M | -$7.97M | -$7.54M |
| EBITDA? | $79.16M | -$107.85M | -$215.12M | -$95.56M | $141.27M | $8.23M | -$4.17M | $18.83M | $1.98M |
| Income Before Tax | $54.33M | -$128.40M | -$240.03M | -$109.07M | $133.73M | $5.95M | -$4.95M | -$11.22M | -$8.86M |
| Income Tax Expense | $728,000 | $185,000 | $107,000 | -$409,000 | -$1.71M | $371,000 | $74,000 | $0 | $6,000 |
| Net Income? | $53.60M | -$128.58M | -$240.13M | -$108.67M | $135.44M | $5.98M | -$466,000 | -$12.32M | -$7.72M |
| EPS? | $0.56 | $-1.44 | $-2.87 | $-1.31 | $1.73 | $0.27 | $-0.03 | $-0.87 | $-0.56 |
| Diluted EPS? | $0.45 | $-1.44 | $-2.87 | $-1.31 | $1.43 | $0.23 | $-0.03 | $-0.87 | $-0.56 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality