Upstart Holdings, Inc. (UPST) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 514.18M | 1.2B | 992.84M | 832.42M | 935.72M | 1.08B | 557.68M | 457.78M | 383.98M | 450.64M | 590.28M | 521.46M | 466.76M | 501.99M | 769.67M | 874.08M | 850.53M | 1.09B | 1.11B | 574.08M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | - | - | 14.19 | 15.05 | 18.63 | 19.16 | 22.9 | 26.38 | 26.65 | 25.23 | 27.87 | 28.91 | 36.63 | 30.26 | 27.55 | 18.7 | 15.06 | 12.93 | 12.41 | 11.61 |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 0 | 404.62M | 347.12M | 305.52M | 239.75M | 187.84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 146.22M | 1.78B | 1.91B | 1.65B | 1.36B | 1.29B | 1.25B | 1.36B | 1.54B | 1.57B | 1.41B | 1.24B | 1.35B | 1.43B | 1.15B | 1.04B | 1.14B | 731.65M | 498.05M | 330.5M |
| Property, Plant & Equipment | 79.16M | 60.58M | 78.91M | 81.56M | 82.96M | 82.47M | 84.65M | 88.87M | 92.49M | 97.35M | 125.35M | 127.36M | 130.36M | 130.5M | 128.47M | 126.41M | 123.03M | 120.38M | 88.92M | 29.76M |
| Fixed Asset Turnover | 4.41x | 4.36x | 3.56x | 3.22x | 2.66x | 2.71x | 1.99x | 1.53x | 1.46x | 1.34x | 1.14x | 1.09x | 0.84x | 1.13x | 1.26x | 1.85x | 2.56x | 2.91x | 3.85x | 6.84x |
| Goodwill | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 67.06M | 66.87M | 66.87M |
| Intangible Assets | 0 | 8.29M | 8.57M | 8.86M | 9.14M | 9.43M | 9.72M | 10M | 10.29M | 11.36M | 12.43M | 13.49M | 14.56M | 15.63M | 16.7M | 17.77M | 18.84M | 19.91M | 20.98M | 22.13M |
| Long-Term Investments | 0 | 1.03B | 1.27B | 1.06B | 857.06M | 849.42M | 699.51M | 867M | 1.13B | 1.2B | 1.02B | 889.15M | 1.02B | 1.05B | 741.46M | 664.76M | 638.98M | 292.48M | 169.63M | 82.31M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 2.96B | 2.97B | 2.9B | 2.48B | 2.3B | 2.37B | 1.81B | 1.82B | 1.93B | 2.02B | 2B | 1.76B | 1.82B | 1.94B | 1.92B | 1.92B | 1.99B | 1.82B | 1.61B | 904.58M |
| Asset Turnover | 0.10x | 0.10x | 0.11x | 0.11x | 0.09x | 0.11x | 0.10x | 0.07x | 0.07x | 0.07x | 0.08x | 0.08x | 0.06x | 0.08x | 0.08x | 0.12x | 0.16x | 0.18x | 0.18x | 0.28x |
| Asset Growth % | 28.98% | 25.68% | 60.58% | 36.13% | 19.12% | 17.34% | -9.63% | 3.2% | 5.82% | 4.19% | 4.51% | -8% | -8.35% | 6.35% | 19.25% | 111.92% | 306.8% | 281.44% | - | - |
| Total Current Liabilities | 0 | 401.02M | 377.76M | 449.6M | 350.5M | 457.77M | 259.4M | 315.73M | 396.93M | 458.3M | 399.17M | 323.45M | 389.14M | 400.5M | 330.41M | 284.98M | 201.63M | 140.09M | 67.2M | 69.31M |
| Accounts Payable | 0 | 31.98M | 11.78M | 28.77M | 13.34M | 12.38M | 22.62M | 13.88M | 10.02M | 12.61M | 7.03M | 6.94M | 6.55M | 18.71M | 10.92M | 22.03M | 10.29M | 6.56M | 9.38M | 17.33M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 0 | 97.33M | 140.52M | 189.54M | 126.97M | 195.6M | 170.08M | 258.19M | 351.51M | 387.43M | 351.15M | 279.18M | 350.16M | 336.45M | 269.73M | 208.12M | 121.55M | 48.03M | 1.29M | 2.73M |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | - | 2.99x | 2.63x | 1.85x | 2.67x | 2.36x | 2.15x | 1.45x | 0.97x | 0.98x | 1.48x | 1.61x | 1.20x | 1.25x | 2.33x | 3.07x | 4.22x | 7.77x | 16.49x | 8.28x |
| Quick Ratio | - | 2.99x | 2.63x | 1.85x | 2.67x | 2.36x | 2.15x | 1.45x | 0.97x | 0.98x | 1.48x | 1.61x | 1.20x | 1.25x | 2.33x | 3.07x | 4.22x | 7.77x | 16.49x | 8.28x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.23B | 1.77B | 1.78B | 1.31B | 1.27B | 1.28B | 954.04M | 909.78M | 917.94M | 923.5M | 961.84M | 802.12M | 805.37M | 863.12M | 866.33M | 874.97M | 909.45M | 873.28M | 819.84M | 119.18M |
| Long-Term Debt | 0 | 1.73B | 1.72B | 1.24B | 1.21B | 1.21B | 717.28M | 654.54M | 653.77M | 653M | 652.24M | 651.48M | 650.71M | 649.94M | 649.19M | 648.43M | 647.67M | 647.4M | 647.93M | 3.33M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 2.23B | 2.18B | 2.16B | 1.76B | 1.62B | 1.73B | 1.21B | 1.23B | 1.31B | 1.38B | 1.36B | 1.13B | 1.19B | 1.26B | 1.2B | 1.16B | 1.11B | 1.01B | 887.04M | 188.49M |
| Total Debt | 0 | 1.85B | 1.9B | 1.47B | 1.38B | 1.45B | 940.72M | 969.1M | 1.06B | 1.1B | 1.1B | 1.03B | 1.1B | 1.09B | 1.02B | 956.42M | 869.27M | 795.8M | 721.4M | 23.84M |
| Net Debt | -472.93M | 1.19B | 1.4B | 1.07B | 776.57M | 658.84M | 490.49M | 589.44M | 757.67M | 725.42M | 571.5M | 572.99M | 703.14M | 654.77M | 325.57M | 155.56M | 102.63M | -199.19M | -328.33M | -490.6M |
| Debt / Equity | - | 2.32x | 2.55x | 2.04x | 2.04x | 2.29x | 1.58x | 1.63x | 1.74x | 1.74x | 1.71x | 1.61x | 1.75x | 1.62x | 1.42x | 1.26x | 0.99x | 0.99x | 1.00x | 0.03x |
| Debt / EBITDA | - | 72.21x | 49.82x | 128.04x | 347.05x | 706.79x | - | - | - | - | - | - | - | - | - | - | 24.49x | 12.87x | 24.02x | 0.62x |
| Net Debt / EBITDA | - | 46.55x | 36.82x | 93.20x | 195.02x | 320.60x | - | - | - | - | - | - | - | - | - | - | 2.89x | -3.22x | -10.93x | -12.82x |
| Interest Coverage | -0.72x | 0.69x | 3.63x | 0.73x | -0.34x | -0.17x | -0.62x | -4.75x | -6.03x | -3.01x | -4.28x | -6.57x | -18.12x | -12.33x | -18.43x | -12.90x | 34.11x | 123.99x | 103.51x | 24.25x |
| Total Equity | 733.17M | 798.82M | 743.72M | 722.01M | 676.64M | 633.22M | 595.54M | 594.71M | 612.8M | 635.3M | 640.76M | 638.14M | 627.21M | 672.43M | 718.57M | 757.07M | 876.5M | 807.08M | 719.09M | 716.1M |
| Equity Growth % | 8.35% | 26.15% | 24.88% | 21.41% | 10.42% | -0.33% | -7.06% | -6.81% | -2.3% | -5.52% | -10.83% | -15.71% | -28.44% | -16.68% | -0.07% | 5.72% | 173.4% | 168.8% | - | - |
| Book Value per Share | 7.57 | 7.12 | 6.78 | 7.02 | 7.18 | 6.87 | 6.61 | 6.72 | 7.04 | 7.42 | 7.59 | 7.68 | 7.66 | 8.18 | 8.80 | 9.03 | 9.18 | 8.17 | 7.41 | 7.49 |
| Total Shareholders' Equity | 733.17M | 798.82M | 743.72M | 722.01M | 676.64M | 633.22M | 595.54M | 594.71M | 612.8M | 635.3M | 640.76M | 638.14M | 627.21M | 672.43M | 718.57M | 757.07M | 876.5M | 807.08M | 719.09M | 716.1M |
| Common Stock | 10K | 10K | 10K | 10K | 10K | 9K | 9K | 9K | 9K | 9K | 9K | 8K | 8K | 8K | 8K | 8K | 9K | 8K | 8K | 8K |
| Retained Earnings | -364.2M | -357.56M | -376.19M | -408M | -413.6M | -411.16M | -408.4M | -401.64M | -347.17M | -282.58M | -240.18M | -199.86M | -171.7M | -42.44M | 12.82M | 69.04M | 98.91M | 66.22M | 7.28M | -21.84M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |