Upstart Holdings UPST
NASDAQ UPST
$25.00 +0.23 (+0.93%)
At close: Sep 18, 2026 · 4:00 PM EDT

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

Upstart Holdings' (UPST) quarterly Invested Capital came in at $942.7 million in Q2 2026, up 15.86% year-over-year from $813.7 million in Q2 2025, and up 9.78% quarter-over-quarter from $858.7 million in Q1 2026.

Analysis

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

Upstart Holdings (UPST) has reported Invested Capital for 7 consecutive years, with $942.7 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Invested Capital rose 15.86% year-over-year to $942.7 million in Q2 2026; TTM through Jun 2026 was $942.7 million, a 15.86% increase from a year earlier, with the FY2025 full-year figure at $906.5 million, up 30.73% from the prior year.
  • Invested Capital was $942.7 million for Q2 2026 at Upstart Holdings, up from $858.7 million in the prior quarter.
  • Over five years, Invested Capital peaked at $1.0 billion in Q1 2022 and troughed at $656.3 million in Q3 2024.
  • A 5-year average of $777.0 million and a median of $761.5 million in 2022 frame the typical range for Invested Capital.
  • Across the five-year window, Invested Capital surged 169.52% in 2022 and plunged 34.25% in 2023, its largest moves.
  • Over 5 years, Invested Capital stood at $763.2 million in 2022, then fell by 9.74% to $688.9 million in 2023, then advanced by 0.65% to $693.4 million in 2024, then jumped by 30.73% to $906.5 million in 2025, then climbed by 4.0% to $942.7 million in 2026.
  • The last three Invested Capital figures came in at $942.7 million (Q2 2026), $858.7 million (Q1 2026), and $906.5 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Upstart Holdings 2.43 Bn 1.99 Bn 303.39 Mn 942.70 Mn
2 Pagaya Technologies 1.70 Bn 1.51 Bn 168.33 Mn 1.12 Bn
3 Qfin Holdings 986.27 Mn -9.51 Mn - 3.96 Bn
4 FinVolution 836.54 Mn -90.46 Mn - 2.65 Bn
5 X Financial 386.17 Mn -182.14 Mn 84.09 Mn 1.20 Bn
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn 158.26 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 1.98 Bn
9 Jiayin 76.25 Mn 2.23 Mn - 710.47 Mn
10 Antalpha Platform Holding 76.02 Mn -813.69 Mn 11.94 Mn 451.81 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 942.70 Mn
Mar 31, 2026 858.69 Mn
Dec 31, 2025 906.47 Mn
Sep 30, 2025 837.12 Mn
Jun 30, 2025 813.68 Mn
Mar 31, 2025 759.76 Mn
Dec 31, 2024 693.39 Mn
Sep 30, 2024 656.31 Mn
Jun 30, 2024 660.21 Mn
Mar 31, 2024 671.88 Mn
Dec 31, 2023 688.89 Mn
Sep 30, 2023 692.37 Mn
Jun 30, 2023 682.19 Mn
Mar 31, 2023 668.26 Mn
Dec 31, 2022 763.21 Mn
Sep 30, 2022 812.41 Mn
Jun 30, 2022 862.78 Mn
Mar 31, 2022 1.02 Bn
Dec 31, 2021 914.68 Mn
Sep 30, 2021 803.40 Mn