Upstart Cash Flow Statement
NASDAQ: UPSTFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 24.00 -0.41%
Upstart free cash flow
In fiscal 2025, Upstart generated -$147.7 million of operating cash flow and spent $347,000 on capital expenditures. That left free cash flow of -$148.1 million, a free-cash-flow margin of -14.2% of revenue. Free cash flow was down 179.8% from the prior year's $185.5 million.
Summary generated from market data by MetaCap's automated system. Methodology
Upstart cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 |
|---|---|---|---|---|---|---|---|
| Net Income | 53.60M | -128.58M | -240.13M | -108.67M | 135.44M | 5.58M | -5.02M |
| Net Income growth (YoY) | — | — | — | -180.23% | +2327.73% | — | — |
| Depreciation & Amortization | 24.84M | 20.55M | 24.90M | 13.51M | 7.54M | 2.28M | 774.00K |
| Stock-Based Compensation | 131.95M | 133.40M | 175.04M | 125.94M | 73.19M | 11.51M | 3.81M |
| Change in Working Capital | -10.83M | -8.69M | -15.06M | 16.05M | -69.56M | -6.15M | -8.34M |
| Operating Cash Flow | -147.72M | 186.33M | -111.71M | -657.86M | 168.35M | 15.70M | 31.58M |
| Capital Expenditures | -347.00K | -837.00K | -1.53M | -8.82M | -8.43M | -1.35M | -4.00M |
| Investing Cash Flow | -177.17M | -237.73M | -118.45M | -114.13M | -143.88M | 136.52M | 45.43M |
| Share Repurchases | — | 0 | 0 | -177.88M | 0 | — | — |
| Debt Issued | — | — | 626.91M | 688.81M | 718.42M | 92.06M | 153.49M |
| Debt Repaid | — | — | -575.94M | -400.90M | -71.32M | -148.11M | -109.94M |
| Financing Cash Flow | 405.64M | 559.87M | 165.49M | 113.21M | 855.43M | 79.05M | -119.19M |
| Net Change in Cash | 80.75M | 508.48M | -64.68M | -658.77M | 879.91M | 231.27M | -42.17M |
| Free Cash Flow | -148.07M | 185.49M | -113.24M | -666.68M | 159.93M | 14.34M | 27.58M |
This table shows 7 annual periods of Upstart's cash flow statement, from FY 2025 back to FY 2019, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow UPST's reporting calendar. What is a cash flow statement?