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
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