Upstart Holdings (UPST) Gross Profit (2020 - 2026)
Upstart Holdings' (UPST) quarterly Gross Profit came in at $303.4 million in Q2 2026, up 43.76% year-over-year from $211.0 million in Q2 2025, and up 19.86% quarter-over-quarter from $253.1 million in Q1 2026.
Analysis
Upstart Holdings (UPST) Gross Profit (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported Gross Profit for 7 consecutive years, with $303.4 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Gross Profit rose 43.76% year-over-year to $303.4 million in Q2 2026; TTM through Jun 2026 was $1.0 billion, a 53.0% increase from a year earlier, with the FY2025 full-year figure at $855.5 million, up 78.77% from the prior year.
- Gross Profit was $303.4 million for Q2 2026 at Upstart Holdings, up from $253.1 million in the prior quarter.
- Over five years, Gross Profit peaked at $303.4 million in Q2 2026 and troughed at $76.6 million in Q1 2023.
- A 5-year average of $167.8 million and a median of $147.0 million in 2022 frame the typical range for Gross Profit.
- Across the five-year window, Gross Profit soared 155.47% in 2022 and plunged 71.18% in 2023, its largest moves.
- Over 5 years, Gross Profit stood at $112.1 million in 2022, then rose by 4.12% to $116.7 million in 2023, then soared by 36.84% to $159.7 million in 2024, then soared by 52.91% to $244.2 million in 2025, then advanced by 24.21% to $303.4 million in 2026.
- The last three Gross Profit figures came in at $303.4 million (Q2 2026), $253.1 million (Q1 2026), and $244.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 303.39 Mn |
| Mar 31, 2026 | 253.12 Mn |
| Dec 31, 2025 | 244.25 Mn |
| Sep 30, 2025 | 227.32 Mn |
| Jun 30, 2025 | 211.05 Mn |
| Mar 31, 2025 | 172.87 Mn |
| Dec 31, 2024 | 159.74 Mn |
| Sep 30, 2024 | 128.29 Mn |
| Jun 30, 2024 | 91.85 Mn |
| Mar 31, 2024 | 98.66 Mn |
| Dec 31, 2023 | 116.73 Mn |
| Sep 30, 2023 | 109.84 Mn |
| Jun 30, 2023 | 106.89 Mn |
| Mar 31, 2023 | 76.55 Mn |
| Dec 31, 2022 | 112.11 Mn |
| Sep 30, 2022 | 134.32 Mn |
| Jun 30, 2022 | 207.27 Mn |
| Mar 31, 2022 | 265.58 Mn |
| Dec 31, 2021 | 263.80 Mn |
| Sep 30, 2021 | 193.47 Mn |