Upstart Quarterly Income Statement
NASDAQ: UPSTFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Upstart revenue and earnings
In the quarter ended Jun 30, 2026, Upstart generated $364.7 million in revenue, up 41.7% from the same quarter a year earlier. Net income was $16.5 million (+195.0% year over year), for a net margin of 4.5% versus a median of 2.2% in the prior 5 quarters. Operating margin was 4.0%.
Diluted earnings per share came in at $0.16, up from $0.05.
Summary generated from market data by MetaCap's automated system. Methodology
Upstart income statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 364.71M | 308.21M | 296.09M | 277.11M | 257.29M | 213.37M | 218.96M | 162.14M | 127.63M | 127.79M | 140.31M | 134.56M |
| Revenue growth (YoY) | +41.75% | +44.45% | +35.22% | +70.90% | +101.59% | +66.96% | +56.06% | +20.50% | -5.99% | +24.16% | -4.49% | -14.42% |
| Operating Expenses | 350.07M | 315.73M | 277.17M | 253.44M | 252.75M | 217.87M | 223.71M | 207.29M | 183.12M | 195.26M | 187.81M | 178.40M |
| Research & Development | 93.86M | 80.11M | 66.91M | 64.03M | 68.83M | 57.84M | 67.22M | 64.89M | 58.45M | 63.09M | 57.15M | 54.94M |
| Selling, General & Admin | 194.89M | 180.53M | 158.42M | 139.62M | 137.68M | 119.53M | 115.89M | 103.10M | 85.98M | 92.76M | 94.54M | 86.55M |
| Operating Income | 14.64M | -7.52M | 18.92M | 23.67M | 4.54M | -4.50M | -4.75M | -45.15M | -55.49M | -67.47M | -47.50M | -43.84M |
| Interest Expense | 12.53M | 10.37M | 8.08M | 8.79M | 7.77M | 7.02M | 7.43M | 10.82M | 11.47M | 10.71M | 14.07M | 9.41M |
| Other Income (Expense) | 2.51M | 956.00K | 20.11M | 1.02M | 1.11M | 2.08M | 9.80M | 5.08M | 1.03M | 2.88M | 9.87M | 3.54M |
| Income Tax | 614.00K | 84.00K | 526.00K | 124.00K | 49.00K | 29.00K | 111.00K | 45.00K | 15.00K | 14.00K | 63.00K | 10.00K |
| Net Income | 16.54M | -6.65M | 18.64M | 31.80M | 5.61M | -2.45M | -2.75M | -6.76M | -54.47M | -64.60M | -42.40M | -40.31M |
| Net Income growth (YoY) | +194.97% | — | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | 0.17 | -0.07 | 0.20 | 0.33 | 0.06 | -0.03 | -0.01 | -0.07 | -0.62 | -0.74 | -0.47 | -0.48 |
| EPS (Diluted) | 0.16 | -0.07 | 0.20 | 0.23 | 0.05 | -0.03 | -0.01 | -0.07 | -0.62 | -0.74 | -0.47 | -0.48 |
| Shares Outstanding (Basic) | 96.57M | 96.90M | — | 96.68M | 95.53M | 94.27M | — | 90.12M | 88.44M | 87.03M | — | 84.40M |
| Shares Outstanding (Diluted) | 109.72M | 96.90M | — | 109.72M | 102.85M | 94.27M | — | 90.12M | 88.44M | 87.03M | — | 84.40M |
| EBITDA | 21.77M | -1.66M | 25.38M | 29.80M | 10.38M | 1.90M | -51.00K | -39.76M | -50.66M | -61.84M | -38.40M | -38.91M |
| Operating Margin | 4.01% | -2.44% | 6.39% | 8.54% | 1.77% | -2.11% | -2.17% | -27.85% | -43.47% | -52.79% | -33.85% | -32.58% |
| Net Margin | 4.53% | -2.16% | 6.29% | 11.48% | 2.18% | -115.00% | -126.00% | -4.17% | -42.68% | -50.55% | -30.22% | -29.96% |
This table shows 12 quarterly periods of Upstart's income statement, from Q2 2026 back to Q3 2023, across 16 line items including revenue, operating expenses, research & development. Values in USD; B = billions, M = millions. Fiscal periods follow UPST's reporting calendar. What is a income statement?