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

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

Upstart Holdings' (UPST) quarterly Operating Leases came in at $22.4 million in Q2 2026, down 49.01% year-over-year from $43.8 million in Q2 2025, and up 27.38% quarter-over-quarter from $17.5 million in Q1 2026.

Analysis

Upstart Holdings (UPST) Operating Leases (2020 - 2026) Analysis & Trends

Upstart Holdings (UPST) has reported Operating Leases for 7 consecutive years, with $22.4 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Operating Leases fell 49.01% year-over-year to $22.4 million in Q2 2026; TTM through Jun 2026 was $22.4 million, a 49.01% decrease from a year earlier, with the FY2025 full-year figure at $21.1 million, down 57.94% from the prior year.
  • Operating Leases was $22.4 million for Q2 2026 at Upstart Holdings, up from $17.5 million in the prior quarter.
  • Over five years, Operating Leases peaked at $100.8 million in Q4 2022 and troughed at $17.5 million in Q1 2026.
  • A 5-year average of $64.6 million and a median of $57.9 million in 2024 frame the typical range for Operating Leases.
  • Across the five-year window, Operating Leases jumped 461.73% in 2022 and sank 62.72% in 2026, its largest moves.
  • Over 5 years, Operating Leases stood at $100.8 million in 2022, then tumbled by 38.16% to $62.3 million in 2023, then slipped by 19.33% to $50.3 million in 2024, then sank by 57.94% to $21.1 million in 2025, then grew by 5.69% to $22.4 million in 2026.
  • The last three Operating Leases figures came in at $22.4 million (Q2 2026), $17.5 million (Q1 2026), and $21.1 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

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

Historic Data

Download Data
DateValue
Jun 30, 2026 22.35 Mn
Mar 31, 2026 17.55 Mn
Dec 31, 2025 21.15 Mn
Sep 30, 2025 40.55 Mn
Jun 30, 2025 43.83 Mn
Mar 31, 2025 47.07 Mn
Dec 31, 2024 50.28 Mn
Sep 30, 2024 53.35 Mn
Jun 30, 2024 56.37 Mn
Mar 31, 2024 59.36 Mn
Dec 31, 2023 62.32 Mn
Sep 30, 2023 93.35 Mn
Jun 30, 2023 96.24 Mn
Mar 31, 2023 99.05 Mn
Dec 31, 2022 100.79 Mn
Sep 30, 2022 99.42 Mn
Jun 30, 2022 99.87 Mn
Mar 31, 2022 100.05 Mn
Dec 31, 2021 100.37 Mn
Sep 30, 2021 72.18 Mn