Upstart Holdings, Inc. (UPST)
Upstart Holdings, Inc. brought in $1.3B of revenue over the twelve months to September 30, 2026, up 38.6% from a year earlier. Net income was $65.1M, a net margin of 4.9%. In fiscal 2025 capital spending exceeded operating cash flow by $148.1M. At September 30, 2026 it held $461.5M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 3, 2026.
Key facts about Upstart Holdings, Inc.
- Net worth
- Upstart Holdings, Inc. has a market value (market cap) of $2.2B at the latest share price, and shareholders' equity of $887.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1B (+64.0% year on year), with net income of $53.6M. Over the 12 months to September 30, 2026: revenue $1.3B, net income $65.1M.
- Cash flow
- In fiscal 2025 operations used $147.7M of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 3, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Upstart Holdings, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Upstart Holdings, Inc. does
Upstart Holdings, Inc. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker UPST.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1B | $53.6M | $0.45 | -$148.1M |
| 2024 | $636.5M | -$128.6M | -$1.44 | $185.5M |
| 2023 | $513.6M | -$240.1M | -$2.87 | -$113.2M |
| 2022 | $907.3M | -$108.7M | -$1.31 | -$666.7M |
| 2021 | $848.6M | $135.4M | $1.43 | $159.9M |
| 2021 | $233.4M | $6M | $0.00 | $14.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where UPST ranks in Finance
Latest SEC filings
What Upstart Holdings, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 9, 2026
- November 3, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 34% to $370.5M versus the same quarter last year; diluted EPS $0.33 versus $0.23.
- November 3, 2026
- October 20, 2026
- August 5, 2026Quarterly report (amended) 10-Q/A · period to June 30, 2026Revenue rose 42% to $364.7M versus the same quarter last year; diluted EPS $0.16 versus $0.05.
- August 4, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 42% to $364.7M versus the same quarter last year; diluted EPS $0.16 versus $0.05.
- August 4, 2026
- July 13, 2026Passive stake changed SCHEDULE 13G/A
- May 28, 2026
- May 19, 2026
Insider trades
What the people running Upstart Holdings, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $1.3M and sold $4.4M worth of shares in the last 90 days. 7% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 10, 2026 | Gu PaulChief Executive Officer, Director | Boughtindirect | 50,000 | $1.3M |
| September 8, 2026 | Datta SanjayPresident, Capital& Enterprise | Exercised options | 300,000 | $405K |
| September 8, 2026 | Datta SanjayPresident, Capital& Enterprise | Sold | 116,000 | $3.2M |
| August 25, 2026 | Mirgorodskaya NataliaSee Remarks | Soldpre-planned (10b5-1) | 913 | $27.4K |
| August 20, 2026 | Darling ScottChief Legal Officer | Sold | 7,696 | $216.2K |
| August 20, 2026 | Datta SanjayPresident, Capital& Enterprise | Sold | 8,945 | $251.3K |
| August 20, 2026 | Mirgorodskaya NataliaSee Remarks | Sold | 586 | $16.5K |
| August 19, 2026 | Datta SanjayPresident, Capital& Enterprise | Sold | 10,000 | $314.6K |
Who owns UPST
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 368 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 7,878,717 | +475,638 |
| Vanguard Portfolio Management LLC | 3,739,758 | -3,783 |
| Vanguard Capital Management LLC | 3,698,553 | -53,497 |
| Morgan Stanley | 2,414,712 | -1,560,347 |
| Goldman Sachs Group Inc | 2,395,222 | +835,736 |
| Marshall Wace, Llp | 2,370,690 | -909,420 |
| Geode Capital Management, LLC | 2,228,631 | +104,553 |
| State Street Corp | 2,118,467 | +65,381 |
| Clear Street Group Inc. | 1,829,063 | +273,857 |
| Halter Ferguson Financial Inc. | 1,748,119 | +280,759 |
| Bank of America Corp | 1,512,356 | +1,006,378 |
| UBS Group AG | 1,503,436 | +621,569 |
| Citigroup Inc | 1,135,682 | +329,341 |
| Barclays PLC | 1,128,975 | -143,311 |
| Baillie Gifford & Co | 1,083,157 | -25,138 |
| Dimensional Fund Advisors LP | 1,059,769 | +36,989 |
| Citadel Advisors LLC | 955,585 | +324,423 |
| Susquehanna International Group, Llp | 920,253 | +594,147 |
| Point72 Asset Management, L.P. | 885,159 | +129,099 |
| Coatue Management LLC | 870,947 | 0 |
Insiders
12 insiders reported holding 10,411,422 shares in total, about $231.7M at the last price.
| Holder | Shares |
|---|---|
| Girouard DaveDirector, 10% owner | 9,348,0169,348,016 held indirectly |
| Datta SanjayPresident, Capital& Enterprise | 476,578 |
| Blankmeyer AndreaChief Financial Officer | 152,208 |
| Gu PaulChief Executive Officer, Director | 130,000130,000 held indirectly |
| Darling ScottChief Legal Officer | 104,94331,637 held indirectly |
| O'Kelly CiaranDirector | 39,484 |
| Terry Hilliard C. IIIDirector | 37,432 |
| Hentges MaryDirector | 37,149 |
| Mirgorodskaya NataliaSee Remarks | 35,875 |
| Cooper Kerry WhortonDirector | 31,86925,393 held indirectly |
Questions about UPST
What does Upstart Holdings, Inc. do?
Upstart Holdings, Inc. is a company in the Finance sector, listed on NASDAQ as UPST. Its shares trade on NASDAQ under the ticker UPST.
What is Upstart Holdings, Inc.'s net worth?
Upstart Holdings, Inc. has a market value (market cap) of $2.2B at the latest share price, and shareholders' equity of $887.4M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Upstart Holdings, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $65.1M on revenue of $1.3B, a net margin of 4.9%.
How much revenue does Upstart Holdings, Inc. make?
Over the twelve months to September 30, 2026 Upstart Holdings, Inc. reported revenue of $1.3B. That is 38.6% more than a year earlier.
When did Upstart Holdings, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 3, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the executive or director change from November 9, 2026.
When is Upstart Holdings, Inc.'s next earnings report?
Upstart Holdings, Inc.'s next report is expected around February 9, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Similar companies
Compare UPST with
Follow UPST
Get an email when Upstart Holdings, Inc. files with the SEC: results, executive changes, material agreements and annual reports.
Where the numbers come from
Financial figures are the values Upstart Holdings, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.