Upstart Holdings (UPST) Accumulated Expenses (2020 - 2026)
Upstart Holdings' Accumulated Expenses was $170.97 million in Q2 2026, up 34.9% from $126.73 million a year earlier and up 37.2% from the prior quarter.
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Analysis
Upstart Holdings (UPST) Accumulated Expenses (2020 - 2026) Analysis & Trends
At the end of FY2025, Accumulated Expenses at Upstart Holdings came in at $171.5 million, up 28.2% from FY2024.
- Accumulated Expenses has now increased for three consecutive years, with a five-year compound annual growth rate of 36.9% (FY2020 to FY2025).
- In earlier years, Accumulated Expenses was $133.8 million in FY2024 (+59.2%), $84.05 million in FY2023 (+25.6%), $66.95 million in FY2022 (-35.3%) and $103.42 million in FY2021 (+189.9%).
- Quarterly Accumulated Expenses has moved between $46.99 million (Q1 2023) and $171.5 million (Q4 2025) over five years.
- Compared with a year earlier, Accumulated Expenses has increased for 11 straight quarters, with growth averaging 48.9% over the last eight quarters.
- The best year-over-year quarter for Accumulated Expenses over five years was Q4 2021 (growth of 189.9%); the worst was Q1 2023 (a decline of 48.8%).
- Per Business Quant data, UPST's Accumulated Expenses in the three quarters before Q2 2026 was $124.59 million (Q1 2026), $171.5 million (Q4 2025) and $116.25 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | PayPal Holdings | 49.10 Bn | 7.33 Bn | - |
| 2 | Coinbase Global | 47.37 Bn | 4.17 Bn | - |
| 3 | Block | 45.80 Bn | 17.09 Bn | 3.17 Bn |
| 4 | Corpay | 26.31 Bn | 16.19 Bn | - |
| 5 | Fiserv | 24.69 Bn | 21.37 Bn | 2.90 Bn |
| 6 | Global Payments | 22.17 Bn | -35.47 Mn | 2.03 Bn |
| 7 | Guidewire Software | 13.94 Bn | 10.51 Bn | 269.68 Mn |
| 8 | Bitmine Immersion Technologies | 13.14 Bn | 10.52 Bn | 40.81 Mn |
| 9 | Chime Financial | 11.50 Bn | 7.30 Bn | 594.87 Mn |
| 10 | Upstart Holdings | 2.27 Bn | 198.42 Mn | 303.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
API Access
Upstart Holdings Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "UPST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();