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| Date | Value |
|---|---|
| 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 |