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Upstart Holdings, Inc. UPST Equity Method Investments

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Other financials

Income statement

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Revenue$364.7M+41.7%
Operating income$14.6M+222%
Net income$16.5M+195%
EPS (diluted)$0.16+220%

Balance sheet

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Cash & equivalents$456.0M-35.0%
Total debt$2.0B+37.6%
Total equity$797.5M+10.5%
Total assets$3.2B+28.0%

Cash flow

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Operating cash flow-$136.6M-13.7%
CapEx$2.1M+1,690%
Free cash flow-$138.7M-15.3%

Valuation

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Market cap$2.94B-51.9%
Enterprise value$4.51B-34.4%
P/E48.7×
P/S2.4×-4.8×

Profitability

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Operating margin4%+2.5pp
Net margin4.8%+4.3pp
FCF margin27%+16.9pp

Returns & leverage

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Return on equity7.9%+7.2pp
Debt / equity2.5×+0.5×

Where this comes from

Reported directly by Upstart Holdings, Inc. in its filing.

Tagged under the XBRL concept us-gaap:EquitySecuritiesWithoutReadilyDeterminableFairValueAmount.

The source filing: Upstart Holdings, Inc.’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001647639-26-000046
Line itemDecember 31, 2025March 31, 2026
Beneficial interest assets (at fair value)396,216474,796
Line of credit receivable (at fair value)112,742111,916
Notes receivable and residual certificates (at fair value)97,416105,066
Non-marketable equity securities41,25041,250
Goodwill67,06267,062
Other assets (includes $41,166 and $45,546 at fair value as of December 31, 2025 and March 31, 2026, respectively)157,971154,561
Total assets(2)$2,974,805$2,961,681
Liabilities and Stockholders’ Equity

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Upstart Holdings, Inc.'s equity method investments?
Upstart Holdings, Inc. (UPST) reported equity method investments of $41.25M in Q1 2026.
How has Upstart Holdings, Inc.'s equity method investments changed year-over-year?
Upstart Holdings, Inc.'s equity method investments decreased by 0.0% year-over-year, from $41.25M to $41.25M.
What does equity method investments mean?
Investments in unconsolidated affiliates and joint ventures where the company has significant influence (typically 20-50% ownership), carried at proportional book value.

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