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

Upstart Holdings has disclosed Operating Income across 7 years of filings, most recently posting -$7.5 million for 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 declined to -$7.5 million in Q1 2026, from $18.9 million in the prior quarter.
• Over the last five years, Operating Income for UPST reached as high as $34.8 million in Q1 2022 and fell as low as -$131.8 million in Q1 2023.
• The 5-year median for Operating Income is -$33.3 million (2023), against an average of -$29.9 million.
• Annual changes were most pronounced in 2023 — Operating Income sank 478.48% — and 2025, when it surged 498.29%.
• A 5-year view of Operating Income shows it stood at -$58.5 million in 2022, then climbed by 18.8% to -$47.5 million in 2023, then surged by 90.0% to -$4.8 million in 2024, then surged by 498.29% to $18.9 million in 2025, then slumped by 139.74% to -$7.5 million in 2026.
• According to Business Quant data, Operating Income over the past three periods registered -$7.5 million, $18.9 million, and $23.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.