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Upstart Holdings (UPST) Research & Development (2020 - 2025)

Upstart Holdings (UPST) has disclosed Research & Development for 6 consecutive years, with $66.9 million as the latest value for Q4 2025.

  • Quarterly Research & Development changed 0.46% to $66.9 million in Q4 2025 from the year-ago period, while the trailing twelve-month figure was $257.6 million through Dec 2025, up 1.56% year-over-year, with the annual reading at $257.6 million for FY2025, 1.56% up from the prior year.
  • Research & Development for Q4 2025 was $66.9 million at Upstart Holdings, up from $64.0 million in the prior quarter.
  • The five-year high for Research & Development was $110.1 million in Q1 2023, with the low at $19.0 million in Q1 2021.
  • Average Research & Development over 5 years is $58.1 million, with a median of $58.2 million recorded in 2023.
  • The sharpest move saw Research & Development skyrocketed 309.95% in 2021, then plummeted 42.68% in 2024.
  • Over 5 years, Research & Development stood at $46.5 million in 2021, then surged by 37.71% to $64.0 million in 2022, then decreased by 10.74% to $57.2 million in 2023, then grew by 17.62% to $67.2 million in 2024, then fell by 0.46% to $66.9 million in 2025.
  • According to Business Quant data, Research & Development over the past three periods came in at $66.9 million, $64.0 million, and $68.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.