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

Upstart Holdings (UPST) has reported Research & Development for 7 consecutive years, with $80.1 million the latest figure, recorded in 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 $278.7 million (down 13.83% YoY), while the FY2025 annual figure was $257.6 million, up 1.56% from the prior year.
• Research & Development climbed to $80.1 million in Q1 2026 per UPST's latest filing, from $46.7 million in the prior quarter.
• Across five years, Research & Development topped out at $191.8 million in Q4 2023 and bottomed at -$57.8 million in Q4 2022.
• Historically, Research & Development has averaged $78.1 million across 5 years, with a median of $66.2 million in 2022.
• Annual changes were most pronounced in 2022 — Research & Development slumped 150.32% — and 2023, when it jumped 431.91%.
• Upstart Holdings' Research & Development stood at -$57.8 million in 2022, then surged by 431.91% to $191.8 million in 2023, then fell by 25.79% to $142.3 million in 2024, then plunged by 67.2% to $46.7 million in 2025, then jumped by 71.61% to $80.1 million in 2026.
• Business Quant data shows UPST's Research & Development at $80.1 million in Q1 2026, $46.7 million in Q4 2025, and $78.8 million in Q3 2025.