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

Other product segments

Servicing and other fees, net
$52.45M+52.0%
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$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 upst:RevenueFromFeesNet.

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 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.