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

Other product segments

Servicing and other fees, net
$54.81M+44.5%
Borrower fees
$10.09M+51.5%
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 servicing fees — revenue from fees, net?
Upstart Holdings, Inc. (UPST) reported servicing fees — revenue from fees, net of $32.33M in Q1 2026.
How has Upstart Holdings, Inc.'s servicing fees — revenue from fees, net changed year-over-year?
Upstart Holdings, Inc.'s servicing fees — revenue from fees, net increased by 41.7% year-over-year, from $22.81M to $32.33M.
What is the long-term trend for Upstart Holdings, Inc.'s servicing fees — revenue from fees, net?
Over 4 years (2021 to 2025), Upstart Holdings, Inc.'s servicing fees — revenue from fees, net has grown at a 18.2% compound annual growth rate (CAGR), from $51.26M to $100.16M.
What does servicing fees — revenue from fees, net mean?
This metric represents the net revenue generated from the ongoing administration and collection of loan portfolios managed on behalf of third-party bank partners. It reflects the recurring income stream derived from servicing activities, such as payment processing and customer support, for loans originated through the platform. This figure is a key indicator of the company's ability to monetize its long-term relationship with originated assets beyond the initial origination transaction.

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