For the year ending 2025-12-31, UPST has $2,974,805K in assets. $2,175,990K in debts. $652,388K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash | - | - | 368,405 | 422,411 |
| Cash and cash equivalents | 652,388 | 788,422 | - | - |
| Restricted cash | 404,624 | 187,841 | 99,382 | 110,056 |
| Loans (at fair value) | 984,552 | 806,304 | 1,156,413 | 1,010,421 |
| Property, equipment, and software, net | 44,174 | 39,013 | 42,655 | 44,168 |
| Operating lease right of use assets | 16,410 | 43,455 | 54,694 | 86,335 |
| Beneficial interest assets (at fair value) | 396,216 | 176,848 | 41,012 | - |
| Line of credit receivable (at fair value) | 112,742 | - | - | - |
| Non-marketable equity securities | 41,250 | 41,250 | 41,250 | 41,250 |
| Goodwill | 67,062 | 67,062 | 67,062 | 67,062 |
| Intangible assets, net | - | - | - | 15,631 |
| Other assets (includes 51,358 and 138,582 at fair value as of december31, 2024 and december31, 2025, respectively) | 255,387 | 216,763 | 146,227 | 138,720 |
| Total assets | 2,974,805 | 2,366,958 | 2,017,100 | 1,936,054 |
| Accounts payable | - | - | 12,613 | 18,715 |
| Payable to investors | 107,659 | 60,173 | 53,580 | 90,777 |
| Total payments due | 1,860,774 | 1,425,984 | 1,048,675 | 997,702 |
| Unamortized debt discount | 31,629 | 23,816 | 8,251 | 11,308 |
| Borrowings | 1,829,145 | 1,402,168 | 1,040,424 | 986,394 |
| Payable to securitization note holders (at fair value) | 46,542 | 87,321 | 141,416 | - |
| Accrued expenses and other liabilities (includes 15,883 and 15,219 at fair value as of december31, 2024 and december31, 2025, respectively) | 171,495 | 133,800 | 71,438 | 66,946 |
| Operating lease liabilities | 21,149 | 50,278 | 62,324 | 100,787 |
| Total liabilities | 2,175,990 | 1,733,740 | 1,381,795 | 1,263,619 |
| Common stock, 0.0001 par value 700,000,000 shares authorized 93,469,721 and 98,033,361 shares issued and outstanding as of december31, 2024 and december31, 2025, respectively | 10 | 9 | 9 | 8 |
| Additional paid-in capital | 1,156,361 | 1,044,366 | 917,872 | 714,871 |
| Accumulated deficit | -357,556 | -411,157 | -282,576 | -42,444 |
| Total stockholders equity | 798,815 | 633,218 | 635,305 | 672,435 |
| Total liabilities and stockholders equity | 2,974,805 | 2,366,958 | 2,017,100 | 1,936,054 |
Upstart Holdings, Inc. (UPST)
Upstart Holdings, Inc. (UPST)