Upstart Holdings (UPST) Accumulated Expenses (2020 - 2026)
Upstart Holdings (UPST) posted quarterly Accumulated Expenses of $124.6 million for Q1 2026, up 58.35% YoY from $78.7 million in Q1 2025, and down 27.35% sequentially from $171.5 million in Q4 2025.
Upstart Holdings (UPST) Accumulated Expenses (2020 - 2026) Analysis & Trends
Upstart Holdings has disclosed Accumulated Expenses across 7 years of filings, most recently posting $124.6 million for Q1 2026.
- In Q1 2026, Accumulated Expenses rose 58.35% year-over-year to $124.6 million; the TTM figure through Mar 2026 stood at $124.6 million (up 58.35% YoY), while the FY2025 annual figure was $171.5 million, up 28.17% from the prior year.
- Accumulated Expenses fell to $124.6 million in Q1 2026, from $171.5 million in the prior quarter.
- Over the last five years, Accumulated Expenses for UPST reached as high as $171.5 million in Q4 2025 and fell as low as $47.0 million in Q1 2023.
- The 5-year median for Accumulated Expenses is $78.7 million (2025), against an average of $90.7 million.
- Annual changes were most pronounced in 2023 — Accumulated Expenses sank 48.77% — and 2024, when it jumped 115.25%.
- 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.
- According to Business Quant data, Accumulated Expenses over the past three periods registered $124.6 million, $171.5 million, and $116.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn |
| 10 | Upstart Holdings | 3.46 Bn | 2.99 Bn | 221.97 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |