Upstart Holdings (UPST) Cash & Equivalents (2023 - 2026)
Upstart Holdings' (UPST) quarterly Cash & Equivalents came in at $456.0 million in Q2 2026, up 15.16% year-over-year from $395.9 million in Q2 2025, and down 3.59% quarter-over-quarter from $472.9 million in Q1 2026.
Analysis
Upstart Holdings (UPST) Cash & Equivalents (2023 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported Cash & Equivalents for 4 consecutive years, with $456.0 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cash & Equivalents rose 15.16% year-over-year to $456.0 million in Q2 2026; TTM through Jun 2026 was $456.0 million, a 15.16% increase from a year earlier, with the FY2025 full-year figure at $652.4 million, down 17.25% from the prior year.
- Cash & Equivalents was $456.0 million for Q2 2026 at Upstart Holdings, down from $472.9 million in the prior quarter.
- Over five years, Cash & Equivalents peaked at $788.4 million in Q4 2024 and troughed at $368.4 million in Q4 2023.
- A 4-year average of $528.0 million and a median of $481.4 million in 2025 frame the typical range for Cash & Equivalents.
- Across the five-year window, Cash & Equivalents jumped 114.01% in 2024 and retreated 21.15% in 2026, its largest moves.
- Over 4 years, Cash & Equivalents stood at $368.4 million in 2023, then jumped by 114.01% to $788.4 million in 2024, then retreated by 17.25% to $652.4 million in 2025, then sank by 30.11% to $456.0 million in 2026.
- The last three Cash & Equivalents figures came in at $456.0 million (Q2 2026), $472.9 million (Q1 2026), and $652.4 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash & Equiv. (Qtr) |
|---|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn | 455.96 Mn |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn | 249.26 Mn |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - | 607.06 Mn |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - | 480.37 Mn |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn | 166.80 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn | 173.31 Mn |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn | 23.31 Mn |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn | 181.63 Mn |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - | 74.28 Mn |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn | 961.42 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 455.96 Mn |
| Mar 31, 2026 | 472.93 Mn |
| Dec 31, 2025 | 652.39 Mn |
| Sep 30, 2025 | 489.78 Mn |
| Jun 30, 2025 | 395.94 Mn |
| Mar 31, 2025 | 599.78 Mn |
| Dec 31, 2024 | 788.42 Mn |
| Dec 31, 2023 | 368.41 Mn |