KPIs & Operating Metrics(New)
Balance Sheet
Cash Flow Statement
Daily Values
Growth Metrics
Income Statement
Consolidated Net IncomeCost of RevenueEBITEBITDAEBTEPS (Basic)EPS (Weighted Average and Diluted)Gross ProfitIncome from Continuing OperationsIncome towards Parent CompanyInterest ExpensesInterest ExpensesNet Income towards Common StockholdersNon Operating IncomeOperating ExpensesOperating IncomeOther Non Operating IncomeOther Operating ExpensesProfit After TaxResearch & DevelopmentRevenueSelling, General & AdministrativeShares OutstandingShares Outstanding (Diluted Average)Shares Outstanding (Weighted Average)Tax ProvisionsTax RateTax Rate
Others
Ratios

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

Upstart Holdings has reported Research & Development over the past 6 years, most recently at $66.9 million 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 was $66.9 million for Q4 2025 at Upstart Holdings, up from $64.0 million in the prior quarter.
  • Over five years, Research & Development peaked at $110.1 million in Q1 2023 and troughed at $19.0 million in Q1 2021.
  • The 5-year median for Research & Development is $58.2 million (2023), against an average of $58.1 million.
  • Year-over-year, Research & Development soared 309.95% in 2021 and then crashed 42.68% in 2024.
  • A 5-year view of Research & Development shows it stood at $46.5 million in 2021, then soared by 37.71% to $64.0 million in 2022, then fell by 10.74% to $57.2 million in 2023, then increased by 17.62% to $67.2 million in 2024, then dropped by 0.46% to $66.9 million in 2025.
  • Per Business Quant, the three most recent readings for UPST's Research & Development are $66.9 million (Q4 2025), $64.0 million (Q3 2025), and $68.8 million (Q2 2025).