Upstart Holdings (UPST) Accumulated Expenses (2020 - 2026)

Upstart Holdings (UPST) reported Accumulated Expenses of $124.6 million for Q1 2026, up 58.35% year-over-year from $78.7 million in Q1 2025, and down 27.35% quarter-over-quarter from $171.5 million in Q4 2025.

Upstart Holdings (UPST) Accumulated Expenses (2020 - 2026) Analysis & Trends

Upstart Holdings (UPST) has 7 years of Accumulated Expenses data on file, last reported at $124.6 million in Q1 2026.

  • Accumulated Expenses for Q1 2026 came in at $124.6 million, up 58.35% year-over-year; the trailing twelve-month figure through Mar 2026 was $124.6 million (up 58.35% YoY), and the FY2025 annual result was $171.5 million, up 28.17% from the prior year.
  • Accumulated Expenses eased to $124.6 million in Q1 2026 per UPST's latest filing, from $171.5 million in the prior quarter.
  • Over five years, Accumulated Expenses peaked at $171.5 million in Q4 2025 and troughed at $47.0 million in Q1 2023.
  • A 5-year average of $90.7 million and a median of $78.7 million in 2025 frame the typical range for Accumulated Expenses.
  • The sharpest annual moves came in 2023 and 2024: Accumulated Expenses tumbled 48.77% in 2023, then jumped 115.25% in 2024.
  • A 5-year view of Accumulated Expenses shows it stood at $66.9 million in 2022, then gained by 25.55% to $84.1 million in 2023, then jumped by 59.19% to $133.8 million in 2024, then advanced by 28.17% to $171.5 million in 2025, then dropped by 27.35% to $124.6 million in 2026.
  • Business Quant data shows UPST's Accumulated Expenses at $124.6 million in Q1 2026, $171.5 million in Q4 2025, and $116.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Visa 541.66 Bn 529.25 Bn -
2 Mastercard 437.55 Bn 427.34 Bn -
3 American Express 212.80 Bn 158.76 Bn 17.43 Bn
4 Capital One Financial 112.47 Bn 35.97 Bn -
5 PayPal Holdings 37.70 Bn 28.36 Bn 7.84 Bn
6 Synchrony Financial 24.26 Bn 3.70 Bn -
7 Affirm Holdings 21.24 Bn 19.51 Bn 261.64 Mn
8 SoFi Technologies 20.46 Bn 17.06 Bn 929.25 Mn
9 Ally Financial 13.30 Bn 12.86 Bn 1.98 Bn
10 Upstart Holdings 2.88 Bn 2.41 Bn 221.97 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 124.59 Mn
Dec 31, 2025 171.50 Mn
Sep 30, 2025 116.25 Mn
Jun 30, 2025 126.73 Mn
Mar 31, 2025 78.68 Mn
Dec 31, 2024 133.80 Mn
Sep 30, 2024 111.62 Mn
Jun 30, 2024 77.26 Mn
Mar 31, 2024 62.06 Mn
Dec 31, 2023 84.05 Mn
Sep 30, 2023 51.85 Mn
Jun 30, 2023 47.69 Mn
Mar 31, 2023 46.99 Mn
Dec 31, 2022 66.95 Mn
Sep 30, 2022 73.65 Mn
Jun 30, 2022 75.79 Mn
Mar 31, 2022 91.72 Mn
Dec 31, 2021 103.42 Mn
Sep 30, 2021 71.95 Mn
Jun 30, 2021 70.38 Mn