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Upstart Holdings, Inc. UPST Business Segments — Sales and marketing

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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 us-gaap:SellingAndMarketingExpense.

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, 2025Three Months Ended March 31, 2026
Personal Lending$107,712$148,434
Reconciling items:
Other Contribution Profit/(Loss)(1)(5,340)(11,160)
Sales and marketing, net of borrower acquisition costs(2)(10,408)(12,198)
Customer operations, net of borrower verification and servicing costs(3)(5,960)(7,563)
Engineering and product development(57,838)(80,112)
General, administrative, and other(60,558)(76,070)
Interest income, interest expense, and fair value adjustments, net27,89631,151

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Upstart Holdings, Inc.'s business segments — sales and marketing?
Upstart Holdings, Inc. (UPST) reported business segments — sales and marketing of $12.2M in Q1 2026.
How has Upstart Holdings, Inc.'s business segments — sales and marketing changed year-over-year?
Upstart Holdings, Inc.'s business segments — sales and marketing increased by 17.2% year-over-year, from $10.41M to $12.2M.
What is the long-term trend for Upstart Holdings, Inc.'s business segments — sales and marketing?
Over 3 years (2022 to 2025), Upstart Holdings, Inc.'s business segments — sales and marketing has grown at a 1.7% compound annual growth rate (CAGR), from $43.06M to $45.27M.
What does business segments — sales and marketing mean?
Includes all expenditures related to brand promotion, advertising, and sales efforts dedicated to the personal lending segment. This metric is used to assess the company's investment in market share expansion and customer reach.

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