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

Upstart Holdings (UPST) posted quarterly Invested Capital of $1.9 billion for Q1 2026, up 43.96% year-over-year from $1.3 billion in Q1 2025, and up 5.06% quarter-over-quarter from $1.8 billion in Q4 2025.

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

Upstart Holdings (UPST) has reported Invested Capital for 7 consecutive years, with $1.9 billion the latest figure, recorded in Q1 2026.

  • In Q1 2026, Invested Capital rose 43.96% year-over-year to $1.9 billion; the TTM figure through Mar 2026 stood at $7.0 billion (up 55.06% YoY), while the FY2025 annual figure was $1.8 billion, up 30.45% from the prior year.
  • Invested Capital advanced to $1.9 billion in Q1 2026 per UPST's latest filing, from $1.8 billion in the prior quarter.
  • Across five years, Invested Capital topped out at $1.9 billion in Q1 2026 and bottomed at $769.2 million in Q1 2022.
  • Historically, Invested Capital has averaged $1.2 billion across 5 years, with a median of $1.0 billion in 2023.
  • Annual changes were most pronounced in 2022 — Invested Capital jumped 14041.57% — and 2024, when it decreased 11.56%.
  • Upstart Holdings' Invested Capital stood at $986.4 million in 2022, then grew by 5.48% to $1.0 billion in 2023, then soared by 34.77% to $1.4 billion in 2024, then soared by 30.45% to $1.8 billion in 2025, then climbed by 5.06% to $1.9 billion in 2026.
  • Business Quant data shows UPST's Invested Capital at $1.9 billion in Q1 2026, $1.8 billion in Q4 2025, and $1.9 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Visa 618.21 Bn 605.85 Bn - 3.00 Bn
2 Mastercard 506.53 Bn 493.04 Bn - 2.46 Bn
3 American Express 232.32 Bn 183.00 Bn 17.99 Bn 2.03 Bn
4 Capital One Financial 136.19 Bn 81.48 Bn - -
5 PayPal Holdings 52.34 Bn 41.08 Bn - 2.51 Bn
6 Eason Technology 35.89 Bn 35.89 Bn - 4.86 Mn
7 Synchrony Financial 26.09 Bn 9.90 Bn - -
8 Affirm Holdings 25.93 Bn 24.20 Bn - -
9 SoFi Technologies 23.04 Bn 22.68 Bn -41.62 Mn 1.81 Bn
10 Upstart Holdings 2.89 Bn 2.44 Bn 303.39 Mn 2.00 Bn

Historic Data

Download Data
DateValue
Jun 30, 2026 2.00 Bn
Mar 31, 2026 1.92 Bn
Dec 31, 2025 1.83 Bn
Sep 30, 2025 1.86 Bn
Jun 30, 2025 1.43 Bn
Mar 31, 2025 1.33 Bn
Dec 31, 2024 1.40 Bn
Sep 30, 2024 887.37 Mn
Jun 30, 2024 912.73 Mn
Mar 31, 2024 1.01 Bn
Dec 31, 2023 1.04 Bn
Sep 30, 2023 1.00 Bn
Jun 30, 2023 930.65 Mn
Mar 31, 2023 1.00 Bn
Dec 31, 2022 986.39 Mn
Sep 30, 2022 918.92 Mn
Jun 30, 2022 856.56 Mn
Mar 31, 2022 769.22 Mn
Dec 31, 2021 695.43 Mn
Sep 30, 2021 649.22 Mn