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Upstart Holdings, Inc. UPST Business Segments — Engineering and product development

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Other financials

Income statement

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Revenue$308.2M+44.4%
Operating income-$7.5M-67.2%
Net income-$6.6M-172%
EPS (diluted)-$0.07-133%

Balance sheet

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Cash & equivalents$931.3M+10.9%
Total debt$1.9B+40.3%
Total equity$733.2M+8.4%
Total assets$3.0B+29.0%

Cash flow

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Operating cash flow-$133.3M-888%
CapEx$2.8M
Free cash flow-$136.0M-909%

Valuation

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Market cap$3.01B-43.6%
Enterprise value$4.02B-29.1%
P/E61×
P/S2.6×-4.7×

Profitability

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Operating margin3.5%+1.9pp
Net margin4.3%+2.6pp
FCF margin27%+16.9pp

Returns & leverage

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Return on equity7%+4.4pp
Debt / equity2.6×+0.6×

Where this comes from

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

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Upstart Holdings, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Upstart Holdings, Inc.'s business segments — engineering and product development?
Upstart Holdings, Inc. (UPST) reported business segments — engineering and product development of $80.11M in Q1 2026.
How has Upstart Holdings, Inc.'s business segments — engineering and product development changed year-over-year?
Upstart Holdings, Inc.'s business segments — engineering and product development increased by 38.5% year-over-year, from $57.84M to $80.11M.
What is the long-term trend for Upstart Holdings, Inc.'s business segments — engineering and product development?
Over 3 years (2022 to 2025), Upstart Holdings, Inc.'s business segments — engineering and product development has grown at a 2.8% compound annual growth rate (CAGR), from $237.25M to $257.6M.
What does business segments — engineering and product development mean?
Covers the costs of research, development, and engineering efforts focused on enhancing the personal lending platform's technology and AI capabilities. This investment is critical for maintaining competitive advantage and driving long-term product innovation.