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Upstart Holdings, Inc. UPST Borrower fees — Revenue from fees, net

Other product segments

Servicing and other fees, net
$54.81M+44.5%
Servicing fees
$32.33M+41.7%
Collection agency fees
$3.91M+3.2%
Other fees
$3.87M+3,894%

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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$2.89B-55.2%
Enterprise value$4.46B-38.3%
P/E47.9×
P/S2.3×-5.3×

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 upst:RevenueFromFeesNet.

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 itemThree Months Ended March 31, 20252026
Servicing fees$22,812$32,333
Borrower fees6,66010,093
Collection agency fees3,7923,912
Other fees973,874
Net gain on servicing rights and fair value adjustments1,1392,233
Total servicing and other fees, net$34,500$52,445

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Upstart Holdings, Inc.'s borrower fees — revenue from fees, net?
Upstart Holdings, Inc. (UPST) reported borrower fees — revenue from fees, net of $10.09M in Q1 2026.
How has Upstart Holdings, Inc.'s borrower fees — revenue from fees, net changed year-over-year?
Upstart Holdings, Inc.'s borrower fees — revenue from fees, net increased by 51.5% year-over-year, from $6.66M to $10.09M.
What is the long-term trend for Upstart Holdings, Inc.'s borrower fees — revenue from fees, net?
Over 4 years (2021 to 2025), Upstart Holdings, Inc.'s borrower fees — revenue from fees, net has grown at a 41.7% compound annual growth rate (CAGR), from $7.29M to $29.38M.
What does borrower fees — revenue from fees, net mean?
This metric represents the net revenue generated from fees charged directly to borrowers for the origination or processing of loans facilitated through the company's lending platform. It reflects the company's ability to monetize its credit services by capturing transaction-based income from the consumer side of the marketplace. This figure is a key indicator of platform adoption and the volume of successful loan originations attributed to the borrower-facing segment of the business.

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