Upstart Holdings Inc

For the period ended Sep 30, 2024. Filed Nov 8, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 8, 2024

UPST$20.41-8.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Stockholders’ Equity

	Three Months Ended September 30, 2023
Common Stock · Additional Paid-in Capital · AccumulatedDeficit · Total Stockholders’ Equity
Shares · Amount
Balance as of June 30, 2023	83,811,484	$8	$838,000	$(199,863)	$638,145
Issuance of common stock upon exercise of stock options	288,111	1	2,802	—	2,803
Issuance of common stock upon settlement of restricted stock units	777,969	—	—	—	—
Stock-based compensation expense	—	—	37,428	—	37,428
Issuance of common stock under employee stock purchase plan	147,325	—	2,703	—	2,703
Net loss	—	—	—	(40,315)	(40,315)
Balance as of September 30, 2023	85,024,889	$9	$880,933	$(240,178)	$640,764

	Nine Months Ended September 30, 2023
Common Stock · Additional Paid-in Capital · AccumulatedDeficit · Total Stockholders’ Equity
Shares · Amount
Balance as of December 31, 2022	81,259,676	$8	$714,871	$(42,444)	$672,435
Issuance of common stock upon exercise of stock options	1,058,804	1	9,474	—	9,475
Issuance of common stock upon settlement of restricted stock units	2,247,325	—	—	—	—
Shares withheld related to net share settlement of restricted stock units	(375)	—	(6)	—	(6)
Stock-based compensation expense	—	—	148,163	—	148,163
Issuance of common stock under employee stock purchase plan	459,459	—	8,431	—	8,431
Net loss	—	—	—	(197,734)	(197,734)
Balance as of September 30, 2023	85,024,889	$9	$880,933	$(240,178)	$640,764

	Three Months Ended September 30, 2024
Common Stock · Additional Paid-in Capital · Accumulated Deficit · Total Stockholders’ Equity
Shares · Amount
Balance as of June 30, 2024	89,084,180	$9	$996,345	$(401,644)	594,710
Issuance of common stock upon exercise of stock options	867,016	—	10,062	—	10,062
Issuance of common stock upon settlement of restricted stock units	912,103	—	—	—	—
Shares withheld related to net share settlement of restricted stock units	(475)	—	(17)	—	(17)
Stock-based compensation expense	—	—	34,722	—	34,722
Issuance of common stock under employee stock purchase plan	135,431	—	3,120	—	3,120
Purchase of capped calls	—	—	(40,883)	—	(40,883)
Settlement of capped calls	—	—	580	—	580
Net loss	—	—	—	(6,758)	(6,758)
Balance as of September 30, 2024	90,998,255	$9	$1,003,929	$(408,402)	$595,536

Condensed Consolidated Statements of Stockholders’ Equity

	Nine Months Ended September 30, 2024
Common Stock · Additional Paid-in Capital · Accumulated Deficit · Total Stockholders’ Equity
Shares · Amount
Balance as of December 31, 2023	86,330,303	$9	$917,872	$(282,576)	$635,305
Issuance of common stock upon exercise of stock options	1,488,118	—	12,281	—	12,281
Issuance of common stock upon settlement of restricted stock units	2,846,811	—	—	—	—
Shares withheld related to net share settlement of restricted stock units	(541)	—	(19)	—	(19)
Stock-based compensation expense	—	—	106,413	—	106,413
Issuance of common stock under employee stock purchase plan	333,564	—	7,685	—	7,685
Purchase of capped calls	—	—	(40,883)	—	(40,883)
Settlement of capped calls	—	—	580	—	580
Net loss	—	—	—	(125,826)	(125,826)
Balance as of September 30, 2024	90,998,255	$9	$1,003,929	$(408,402)	$595,536

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.