Company / SG&A Expense
Upstart Holdings, Inc. SG&A Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$253.7M
FY2025
5-year range
$31.9M / $253.7M
FY2021-FY2025
Trend
+9.9%
vs FY2024
Sector context
#60 of 138
Financials
What the data says
At $254M, Upstart Holdings, Inc.'s sg&a expense ranks #79 of 138 in the Financials sector. SG&A Expense has increased for 4 consecutive years, from $32M in FY2021 to $254M in FY2025.
Based on SEC 10-K filings.
$254M in FY2025 with a 5-year CAGR of +41.0%.
Increased from $212M to $254M over the past 2 years.
Financials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +77.2%
- 5-Year CAGR
- +41.0%
- 10-Year CAGR
- -
Sector benchmark
#79 of 138 in FinancialsTop 57% of 138This company $253.7M Sector average $902.3M
▼
-71.9% below sector average
Key checks
Key Insights
- Upstart Holdings, Inc.'s sg&a expense has grown for 4 consecutive years.
- 5-year CAGR of +41.0%, indicating consistent growth.
- In FY2025, sg&a expense increased 9.9% year-over-year.
- Ranks #60 out of 138 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 0.45 (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.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $253.7M | +9.9% |
| FY2024 | $230.9M | +8.7% |
| FY2023 | $212.4M | +365.7% |
| FY2022 | $45.6M | +43.1% |
| FY2021 | $31.9M | -30.1% |
| FY2020 | $45.6M | +43.1% |
| FY2019 | $31.9M | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026