Upstart Holdings reported revenue of $364.71M and net income of $16.54M for the quarter ended Jun 2026, up 41.7% year over year. This income statement covers 26 quarters of results from Mar 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||||
| Revenue | 228.45M | 304.85M | 313.98M | 258.35M | 179.35M | 155.60M | 117.14M | 143.69M | 146.75M | 152.85M | 138.07M | 130.53M | 167.59M | 200.34M | 213.37M | 257.29M | 277.11M | 296.09M | 308.21M | 364.71M | ||||||
| Cost of RevenueCost of Rev | 34.98M | 41.05M | 48.41M | 51.07M | 45.03M | 43.49M | 40.59M | 36.80M | 36.91M | 36.12M | 39.41M | 38.68M | 39.30M | 40.60M | 40.50M | 46.25M | 49.79M | 51.84M | 55.09M | 61.32M | ||||||
| Gross Profit | 193.47M | 263.80M | 265.57M | 207.27M | 134.32M | 112.11M | 76.55M | 106.89M | 109.84M | 116.73M | 98.66M | 91.85M | 128.29M | 159.74M | 172.87M | 211.04M | 227.31M | 244.25M | 253.12M | 303.39M | ||||||
| Operating items | ||||||||||||||||||||||||||
| Research & DevelopmentR&D | 93.35M | 114.81M | 133.45M | 105.21M | 66.18M | 50.75M | 110.07M | 57.97M | 54.94M | 57.15M | 63.09M | 58.45M | 64.89M | 67.22M | 58.97M | 73.11M | 78.84M | 90.59M | 104.45M | 114.51M | ||||||
| Selling, General & AdministrativeSG&A | 34.44M | 42.08M | 43.46M | 46.94M | 47.75M | 47.14M | 52.66M | 50.45M | 53.51M | 55.77M | 57.61M | 53.02M | 59.87M | 60.43M | 60.56M | 64.57M | 60.78M | 67.83M | 76.07M | 80.38M | ||||||
| Other Operating ExpensesOther Opex | 72.06M | 87.54M | 98.40M | 108.12M | 101.39M | 107.52M | 72.03M | 60.69M | 69.96M | 74.89M | 74.56M | 71.64M | 82.53M | 96.06M | 98.34M | 115.07M | 113.82M | 118.75M | 135.21M | 155.18M | ||||||
| Operating ExpensesOpex | 199.85M | 244.43M | 275.30M | 260.27M | 215.32M | 205.41M | 234.76M | 169.11M | 178.40M | 187.81M | 195.26M | 183.12M | 207.29M | 223.71M | 217.87M | 252.75M | 253.44M | 277.17M | 315.73M | 350.07M | ||||||
| Operating IncomeOp. Inc | 28.60M | 60.41M | 34.83M | -32.11M | -58.09M | -58.50M | -131.84M | -33.34M | -43.84M | -47.50M | -67.47M | -55.49M | -45.15M | -4.75M | -4.50M | 4.54M | 23.67M | 18.92M | -7.52M | 14.64M | ||||||
| EBIT | 28.60M | 60.41M | 34.83M | -32.11M | -58.09M | -58.50M | -131.84M | -33.34M | -43.84M | -47.50M | -67.47M | -55.49M | -45.15M | -4.75M | -4.50M | 4.54M | 23.67M | 18.92M | -7.52M | 14.64M | ||||||
| Non-operating items | ||||||||||||||||||||||||||
| Non Operating Interest Expenses | 0.96M | 2.31M | 3.05M | 4.52M | 7.13M | 4.28M | 9.41M | 14.07M | 10.71M | |||||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.75M | 0.83M | -2.12M | 2.26M | 1.88M | 7.46M | 2.60M | 5.20M | 3.54M | 9.87M | 2.88M | 1.03M | 33.36M | 2.08M | 1.11M | 7.25M | 17.08M | 0.96M | 2.51M | |||||||
| Net income details | ||||||||||||||||||||||||||
| EBT | 27.84M | 59.27M | 32.71M | -29.85M | -56.21M | -55.73M | -129.24M | -28.15M | -40.30M | -42.34M | -64.58M | -54.45M | -6.71M | -2.64M | -2.42M | 5.66M | 31.93M | 19.16M | -6.56M | 17.15M | ||||||
| Tax ProvisionsTaxes | -1.27M | 0.32M | 0.02M | 0.02M | 0.01M | -0.46M | 0.02M | 0.02M | 0.01M | 0.06M | 0.01M | 0.01M | 0.04M | 0.11M | 0.03M | 0.05M | 0.12M | 0.53M | 0.08M | 0.61M | ||||||
| Profit After TaxPAT | 29.11M | 58.94M | 32.69M | -29.87M | -56.22M | -55.26M | -129.25M | -28.16M | -40.31M | -42.40M | -64.60M | -54.47M | -6.76M | -2.75M | -2.45M | 5.61M | 31.80M | 18.64M | -6.65M | 16.54M | ||||||
| Income from Non-Controlling InterestsInc. Minority | ||||||||||||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 29.11M | 58.94M | 32.69M | -29.87M | -56.22M | -55.26M | -129.25M | -28.16M | -40.31M | -42.40M | -64.60M | -54.47M | -6.76M | -2.75M | -2.45M | 5.61M | 31.80M | 18.64M | -6.65M | 16.54M | ||||||
| Consolidated Net IncomeConsol Net Inc. | 29.11M | 58.94M | 32.69M | -29.87M | -56.22M | -55.26M | -129.25M | -28.16M | -40.31M | -42.40M | -64.60M | -54.47M | -6.76M | -2.75M | -2.45M | 5.61M | 31.80M | 18.64M | -6.65M | 16.54M | ||||||
| Income towards Parent CompanyParent Net Inc | 29.11M | 58.94M | 32.69M | -29.87M | -56.22M | -55.26M | -129.25M | -28.16M | -40.31M | -42.40M | -64.60M | -54.47M | -6.76M | -2.75M | -2.45M | 5.61M | 31.80M | 18.64M | -6.65M | 16.54M | ||||||
| Net Income towards Common StockholdersNet Income | 29.11M | 58.94M | 32.69M | -29.87M | -56.22M | -55.26M | -129.25M | -28.16M | -40.31M | -42.40M | -64.60M | -54.47M | -6.76M | -2.75M | -2.45M | 5.61M | 31.80M | 18.64M | -6.65M | 16.54M | ||||||
| Additional items | ||||||||||||||||||||||||||
| EPS (Basic) | 0.37 | 0.75 | 0.39 | -0.36 | -0.69 | -0.67 | -1.58 | -0.34 | -0.48 | -0.51 | -0.74 | -0.62 | -0.07 | -0.03 | -0.03 | 0.06 | 0.33 | 0.19 | -0.07 | 0.17 | ||||||
| EPS (Diluted) | 0.30 | 0.62 | 0.34 | -0.36 | -0.69 | -0.67 | -1.58 | -0.34 | -0.48 | -0.51 | -0.74 | -0.62 | -0.07 | -0.03 | -0.03 | 0.05 | 0.29 | 0.17 | -0.07 | 0.15 | ||||||
| Shares Outstanding | 79.39M | 78.11M | 84.23M | 83.83M | 81.67M | 82.77M | 81.91M | 83.13M | 84.40M | 83.77M | 87.03M | 88.44M | 90.12M | 89.45M | 94.27M | 95.53M | 96.68M | 96.03M | 96.90M | 96.57M | ||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 96.06M | 94.77M | 95.46M | 83.83M | 81.67M | 82.77M | 81.91M | 83.13M | 84.40M | 83.77M | 87.03M | 88.44M | 90.12M | 89.45M | 94.27M | 102.85M | 109.72M | 107.49M | 96.90M | 109.72M | ||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 81.54M | 83.66M | 84.68M | 82.19M | 81.83M | 81.26M | 82.60M | 83.81M | 85.02M | 86.33M | 87.81M | 89.08M | 91.00M | 93.47M | 95.07M | 96.09M | 97.28M | 98.03M | 95.71M | 97.31M | ||||||
| EBITDA | 28.60M | 60.41M | 34.83M | -32.11M | -58.09M | -58.50M | -131.84M | -33.34M | -43.84M | -47.50M | -67.47M | -55.49M | -45.15M | -4.75M | -4.50M | 4.54M | 23.67M | 18.92M | -7.52M | 14.64M | ||||||
| Interest ExpensesInt Expense | 0.96M | 2.31M | 3.05M | 4.52M | 7.13M | 4.28M | 9.41M | 14.07M | 10.71M | 11.47M | 10.82M | 7.43M | 7.02M | 7.77M | 8.79M | 8.08M | 10.37M | 12.53M | ||||||||
| Tax Rate | -4.55% | 0.54% | 0.06% | -0.08% | -0.02% | 0.83% | -0.01% | -0.06% | -0.02% | -0.15% | -0.02% | -0.03% | -0.67% | -4.20% | -1.20% | 0.87% | 0.39% | 2.75% | -1.28% | 3.58% |