Upstart Holdings (UPST) Capital Expenditures (2020 - 2026)

Upstart Holdings (UPST) posted quarterly Capital Expenditures of $2.8 million for Q1 2026, down 55.35% year-over-year from $6.2 million in Q1 2025, and up 136.59% quarter-over-quarter from -$7.5 million in Q4 2025.

Upstart Holdings (UPST) Capital Expenditures (2020 - 2026) Analysis & Trends

Upstart Holdings (UPST) has reported Capital Expenditures for 7 consecutive years, with $2.8 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Capital Expenditures fell 55.35% year-over-year to $2.8 million; the TTM figure through Mar 2026 stood at -$3.1 million (down 160.11% YoY), while the FY2025 annual figure was $347000.0, changed N/A from the prior year.
  • Capital Expenditures grew to $2.8 million in Q1 2026 per UPST's latest filing, from -$7.5 million in the prior quarter.
  • Across five years, Capital Expenditures topped out at $7.7 million in Q3 2025 and bottomed at -$9.1 million in Q4 2023.
  • Historically, Capital Expenditures has averaged $1.1 million across 5 years, with a median of $2.0 million in 2022.
  • Annual changes were most pronounced in 2022 — Capital Expenditures soared 510.11% — and 2025, when it slumped 363.81%.
  • Upstart Holdings' Capital Expenditures stood at $7.0 million in 2022, then tumbled by 230.5% to -$9.1 million in 2023, then surged by 63.26% to -$3.4 million in 2024, then slumped by 123.93% to -$7.5 million in 2025, then surged by 136.59% to $2.8 million in 2026.
  • Business Quant data shows UPST's Capital Expenditures at $2.8 million in Q1 2026, -$7.5 million in Q4 2025, and $7.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capital Expenditures (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 417.00 Mn
2 Mastercard 506.53 Bn 493.04 Bn - 264.00 Mn
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 898.00 Mn
4 Capital One Financial 136.19 Bn 81.48 Bn - 367.00 Mn
5 PayPal Holdings 52.34 Bn 41.08 Bn - 208.00 Mn
6 Eason Technology 35.89 Bn 35.89 Bn - -
7 Synchrony Financial 26.09 Bn 9.90 Bn - -
8 Affirm Holdings 25.93 Bn 24.20 Bn - 33.29 Bn
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 67.55 Mn
10 Upstart Holdings 2.89 Bn 2.44 Bn 303.39 Mn 4.19 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 4.19 Mn
Jun 30, 2026 4.19 Mn
Mar 31, 2026 2.75 Mn
Mar 31, 2026 2.75 Mn
Dec 31, 2025 -7.52 Mn
Dec 31, 2025 -7.52 Mn
Sep 30, 2025 7.75 Mn
Sep 30, 2025 7.75 Mn
Jun 30, 2025 -6.04 Mn
Jun 30, 2025 -6.04 Mn
Mar 31, 2025 6.16 Mn
Mar 31, 2025 6.16 Mn
Sep 30, 2024 -3.36 Mn
Sep 30, 2024 -3.36 Mn
Jun 30, 2024 2.29 Mn
Jun 30, 2024 2.29 Mn
Mar 31, 2024 1.07 Mn
Mar 31, 2024 1.07 Mn
Dec 31, 2023 -9.14 Mn
Dec 31, 2023 -9.14 Mn