Upstart Holdings (UPST) Free Cash Flow (2020 - 2026)

Upstart Holdings has disclosed Free Cash Flow across 7 years of filings, most recently posting -$137.5 million for Q1 2026.

• In Q1 2026, Free Cash Flow fell 919.87% year-over-year to -$137.5 million; the TTM figure through Mar 2026 stood at -$272.1 million (down 310.64% YoY), while the FY2025 annual figure was -$148.1 million, down 179.47% from the prior year.
• Free Cash Flow slipped to -$137.5 million in Q1 2026, from $116.1 million in the prior quarter.
• Over the last five years, Free Cash Flow for UPST reached as high as $217.3 million in Q2 2023 and fell as low as -$270.5 million in Q1 2022.
• The 5-year median for Free Cash Flow is -$101.6 million (2022), against an average of -$51.6 million.
• Annual changes were most pronounced in 2022 — Free Cash Flow plunged 1527.05% — and 2023, when it soared 482.45%.
• A 5-year view of Free Cash Flow shows it stood at -$237.8 million in 2022, then jumped by 39.31% to -$144.3 million in 2023, then grew by 23.14% to -$110.9 million in 2024, then soared by 204.63% to $116.1 million in 2025, then tumbled by 218.5% to -$137.5 million in 2026.
• According to Business Quant data, Free Cash Flow over the past three periods registered -$137.5 million, $116.1 million, and -$130.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.