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

Upstart Holdings has disclosed Research & Development across 7 years of filings, most recently posting $80.1 million for Q1 2026.

• In Q1 2026, Research & Development rose 38.51% year-over-year to $80.1 million; the TTM figure through Mar 2026 stood at $279.9 million (up 12.67% YoY), while the FY2025 annual figure was $257.6 million, up 1.56% from the prior year.
• Research & Development advanced to $80.1 million in Q1 2026, from $66.9 million in the prior quarter.
• Over the last five years, Research & Development for UPST reached as high as $110.1 million in Q1 2023 and fell as low as $50.0 million in Q1 2022.
• The 5-year median for Research & Development is $64.0 million (2025), against an average of $65.2 million.
• Annual changes were most pronounced in 2022 — Research & Development soared 163.28% — and 2024, when it plunged 42.68%.
• 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.
• According to Business Quant data, Research & Development over the past three periods registered $80.1 million, $66.9 million, and $64.0 million for Q1 2026, Q4 2025, and Q3 2025 respectively.