Upstart Holdings (UPST) Operating Income (2020 - 2026)

Upstart Holdings (UPST) has reported Operating Income for 7 consecutive years, with -$7.5 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Income fell 67.22% year-over-year to -$7.5 million; the TTM figure through Mar 2026 stood at $39.6 million (up 136.05% YoY), while the FY2025 annual figure was $42.6 million, up 124.66% from the prior year.
• Operating Income fell to -$7.5 million in Q1 2026 per UPST's latest filing, from $18.9 million in the prior quarter.
• Across five years, Operating Income topped out at $34.8 million in Q1 2022 and bottomed at -$131.8 million in Q1 2023.
• Historically, Operating Income has averaged -$29.9 million across 5 years, with a median of -$33.3 million in 2023.
• Annual changes were most pronounced in 2023 — Operating Income tumbled 478.48% — and 2025, when it surged 498.29%.
• Upstart Holdings' Operating Income stood at -$58.5 million in 2022, then grew by 18.8% to -$47.5 million in 2023, then soared by 90.0% to -$4.8 million in 2024, then soared by 498.29% to $18.9 million in 2025, then sank by 139.74% to -$7.5 million in 2026.
• Business Quant data shows UPST's Operating Income at -$7.5 million in Q1 2026, $18.9 million in Q4 2025, and $23.7 million in Q3 2025.