Upstart Holdings UPST
NASDAQ UPST
$25.00 +0.23 (+0.93%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Upstart Holdings' (UPST) quarterly Accumulated Expenses came in at $171.0 million in Q2 2026, up 34.92% year-over-year from $126.7 million in Q2 2025, and up 37.23% quarter-over-quarter from $124.6 million in Q1 2026.

Analysis

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

Upstart Holdings (UPST) has reported Accumulated Expenses for 7 consecutive years, with $171.0 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Accumulated Expenses rose 34.92% year-over-year to $171.0 million in Q2 2026; TTM through Jun 2026 was $171.0 million, a 34.92% increase from a year earlier, with the FY2025 full-year figure at $171.5 million, up 28.17% from the prior year.
  • Accumulated Expenses was $171.0 million for Q2 2026 at Upstart Holdings, up from $124.6 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 $95.1 million and a median of $81.4 million in 2023 frame the typical range for Accumulated Expenses.
  • Across the five-year window, Accumulated Expenses plunged 48.77% in 2023 and soared 115.25% in 2024, its largest moves.
  • Over 5 years, Accumulated Expenses stood at $66.9 million in 2022, then rose by 25.55% to $84.1 million in 2023, then soared by 59.19% to $133.8 million in 2024, then gained by 28.17% to $171.5 million in 2025, then fell by 0.3% to $171.0 million in 2026.
  • The last three Accumulated Expenses figures came in at $171.0 million (Q2 2026), $124.6 million (Q1 2026), and $171.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Upstart Holdings 2.43 Bn 1.99 Bn 303.39 Mn
2 Pagaya Technologies 1.70 Bn 1.51 Bn 168.33 Mn
3 Qfin Holdings 986.27 Mn -9.51 Mn -
4 FinVolution 836.54 Mn -90.46 Mn -
5 X Financial 386.17 Mn -182.14 Mn 84.09 Mn
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn
7 Blend Labs 279.09 Mn 234.22 Mn 24.89 Mn
8 LexinFintech Holdings 251.25 Mn 251.25 Mn 73.06 Mn
9 Jiayin 76.25 Mn 2.23 Mn -
10 Antalpha Platform Holding 76.02 Mn -813.69 Mn 11.94 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 170.97 Mn
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