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

Upstart Holdings (UPST) has reported Operating Leases for 7 consecutive years, with $17.5 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Operating Leases fell 62.72% year-over-year to $17.5 million; the TTM figure through Mar 2026 stood at $17.5 million (down 62.72% YoY), while the FY2025 annual figure was $21.1 million, down 57.94% from the prior year.
• Operating Leases eased to $17.5 million in Q1 2026 per UPST's latest filing, from $21.1 million in the prior quarter.
• Across five years, Operating Leases topped out at $100.8 million in Q4 2022 and bottomed at $17.5 million in Q1 2026.
• Historically, Operating Leases has averaged $67.1 million across 5 years, with a median of $59.4 million in 2024.
• Annual changes were most pronounced in 2022 — Operating Leases surged 461.73% — and 2026, when it plunged 62.72%.
• Upstart Holdings' Operating Leases stood at $100.8 million in 2022, then tumbled by 38.16% to $62.3 million in 2023, then declined by 19.33% to $50.3 million in 2024, then sank by 57.94% to $21.1 million in 2025, then dropped by 17.03% to $17.5 million in 2026.
• Business Quant data shows UPST's Operating Leases at $17.5 million in Q1 2026, $21.1 million in Q4 2025, and $40.6 million in Q3 2025.