Upstart Holdings (UPST) Research & Development (2020 - 2026)

Upstart Holdings (UPST) has 7 years of Research & Development data on file, last reported at $80.1 million in Q1 2026.

• Research & Development for Q1 2026 came in at $80.1 million, up 38.51% year-over-year; the trailing twelve-month figure through Mar 2026 was $279.9 million (up 12.67% YoY), and the FY2025 annual result was $257.6 million, up 1.56% from the prior year.
• Research & Development rose to $80.1 million in Q1 2026 per UPST's latest filing, from $66.9 million in the prior quarter.
• Over five years, Research & Development peaked at $110.1 million in Q1 2023 and troughed at $50.0 million in Q1 2022.
• A 5-year average of $65.2 million and a median of $64.0 million in 2025 frame the typical range for Research & Development.
• The sharpest annual moves came in 2022 and 2024: Research & Development soared 163.28% in 2022, then slumped 42.68% in 2024.
• A 5-year view of Research & Development shows it stood at $64.0 million in 2022, then fell by 10.74% to $57.2 million in 2023, then advanced by 17.62% to $67.2 million in 2024, then dropped by 0.46% to $66.9 million in 2025, then advanced by 19.73% to $80.1 million in 2026.
• Business Quant data shows UPST's Research & Development at $80.1 million in Q1 2026, $66.9 million in Q4 2025, and $64.0 million in Q3 2025.