Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $164M | $233M | $849M | $842M | $514M | $637M | $1.04B |
| Revenue growth | — | 42.2% | 263.6% | -0.7% | -39.0% | 23.9% | 64.0% |
| Operating income | -$4.58M | $11.8M | $141M | -$114M | -$257M | -$173M | $42.6M |
| Operating margin | -2.8% | 5.0% | 16.6% | -13.5% | -50.0% | -27.2% | 4.1% |
| Net income | -$466K | $5.98M | $135M | -$109M | -$240M | -$129M | $53.6M |
| Net margin | -0.3% | 2.6% | 16.0% | -12.9% | -46.8% | -20.2% | 5.1% |
| EPS (diluted) | -$0.03 | $0.00 | $1.43 | -$1.31 | -$2.87 | -$1.44 | $0.45 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | $31.6M | $15.7M | $168M | -$658M | -$112M | $186M | -$148M |
| Capital expenditures | $4.00M | $1.35M | $8.43M | $8.82M | $1.53M | $837K | $347K |
| Free cash flow | $27.6M | $14.3M | $160M | -$667M | -$113M | $185M | -$148M |
| Share buybacks | — | — | $0.00 | $178M | $0.00 | $0.00 | — |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $80.1M | $311M | $1.19B | $532M | $368M | $788M | $652M |
| Total assets | — | $477M | $1.82B | $1.94B | $2.02B | $2.37B | $2.97B |
| Total liabilities | — | $177M | $1.01B | $1.26B | $1.38B | $1.73B | $2.18B |
| Shareholders' equity | -$61.7M | $300M | $807M | $672M | $635M | $633M | $799M |
| Retained earnings | — | -$69.2M | $66.2M | -$42.4M | -$283M | -$411M | -$358M |
| Shares (wtd avg diluted) | 14.3M | 17.5M | 94.8M | 82.8M | 83.8M | 89.5M | 107M |
Every figure is extracted from Upstart Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.