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
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 |