Upstart Holdings (UPST) Invested Capital (2020 - 2026)
Upstart Holdings (UPST) posted quarterly Invested Capital of $2.7 billion for Q1 2026, up 31.98% YoY from $2.0 billion in Q1 2025, and up 1.02% sequentially from $2.6 billion in Q4 2025.
Upstart Holdings (UPST) Invested Capital (2020 - 2026) Analysis & Trends
Upstart Holdings has disclosed Invested Capital across 7 years of filings, most recently posting $2.7 billion for Q1 2026.
- In Q1 2026, Invested Capital rose 31.98% year-over-year to $2.7 billion; the TTM figure through Mar 2026 stood at $2.7 billion (up 31.98% YoY), while the FY2025 annual figure was $2.6 billion, up 29.11% from the prior year.
- Invested Capital grew to $2.7 billion in Q1 2026, from $2.6 billion in the prior quarter.
- Over the last five years, Invested Capital for UPST reached as high as $2.7 billion in Q1 2026 and fell as low as $1.5 billion in Q3 2024.
- The 5-year median for Invested Capital is $1.6 billion (2022), against an average of $1.9 billion.
- Annual changes were most pronounced in 2022 — Invested Capital jumped 354.02% — and 2024, when it slipped 9.81%.
- A 5-year view of Invested Capital shows it stood at $1.7 billion in 2022, then rose by 1.02% to $1.7 billion in 2023, then gained by 21.46% to $2.0 billion in 2024, then climbed by 29.11% to $2.6 billion in 2025, then climbed by 1.02% to $2.7 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $2.7 billion, $2.6 billion, and $2.6 billion for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 59.66 Bn |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 8.47 Bn |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 92.75 Bn |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 30.90 Bn |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 3.78 Bn |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 12.63 Bn |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 32.96 Bn |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 1.52 Bn |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 2.39 Bn |
| 10 | Upstart Holdings | 3.46 Bn | 2.99 Bn | 221.97 Mn | 2.65 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.65 Bn |
| Dec 31, 2025 | 2.63 Bn |
| Sep 30, 2025 | 2.60 Bn |
| Jun 30, 2025 | 2.15 Bn |
| Mar 31, 2025 | 2.01 Bn |
| Dec 31, 2024 | 2.04 Bn |
| Sep 30, 2024 | 1.48 Bn |
| Jun 30, 2024 | 1.51 Bn |
| Mar 31, 2024 | 1.62 Bn |
| Dec 31, 2023 | 1.68 Bn |
| Sep 30, 2023 | 1.64 Bn |
| Jun 30, 2023 | 1.57 Bn |
| Mar 31, 2023 | 1.63 Bn |
| Dec 31, 2022 | 1.66 Bn |
| Sep 30, 2022 | 1.64 Bn |
| Jun 30, 2022 | 1.61 Bn |
| Mar 31, 2022 | 1.65 Bn |
| Dec 31, 2021 | 1.50 Bn |
| Sep 30, 2021 | 1.37 Bn |
| Jun 30, 2021 | 722.15 Mn |