Upstart Holdings, Inc. Income Statement
UPST / Financials|7 years of annual SEC 10-K data (FY2019-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 7 fiscal years. All figures from audited SEC 10-K filings.
Upstart Holdings, Inc. reported $1.0B in revenue and $54M in net income for FY2025. Revenue has grown at a 36.1% compound annual rate over the past 6 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.55 (distress zone, below 1.8 threshold)
- Negative profit margin: -20.2%
- Low earnings quality (accrual-heavy earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.0B | $636.5M | $513.6M | $842.4M | $848.6M | $233.4M | $164.2M |
| SG&A Expense | $253.7M | $230.9M | $212.4M | $185.3M | $122.7M | $45.6M | $31.9M |
| R&D Expense | $257.6M | $253.7M | $280.1M | $237.2M | $134.0M | $38.8M | $18.8M |
| Operating Income | $42.6M | -$172.9M | -$256.5M | -$113.9M | $140.9M | $11.8M | -$4.6M |
| Interest Expense | $93.8M | $1.1M | -$46.9M | -$64.8M | $3.3M | $8.0M | $26.5M |
| Income Tax | $728.0K | $185.0K | $107.0K | -$409.0K | -$1.7M | $371.0K | $74.0K |
| Net Income | $53.6M | -$128.6M | -$240.1M | -$108.7M | $135.4M | $6.0M | -$466.0K |
| EPS (Basic) | $0.56 | -$1.44 | -$2.87 | -$1.31 | $1.73 | $0.00 | -$0.03 |
| EPS (Diluted) | $0.45 | -$1.44 | -$2.87 | -$1.31 | $1.43 | $0.00 | -$0.03 |
| Shares Outstanding | 107.5M | 89.5M | 83.8M | 82.8M | 94.8M | 17.5M | 14.3M |
| Operating Margin | 4.1% | -27.2% | -50.0% | -13.5% | 16.6% | 5.0% | -2.8% |
| Profit Margin | 5.1% | -20.2% | -46.8% | -12.9% | 16.0% | 2.6% | -0.3% |