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Midas Edge

Upstart Holdings, Inc.

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

View on SEC.gov

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, 2025 · Filed Nov 4, 2025

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

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Condensed Consolidated Statements of Stockholders’ Equity

Common Stock · Additional Paid-in Capital · AccumulatedDeficit · Total Stockholders’ Equity
Shares · Amount
Balance as of June 30, 202489,084,180$9$996,345$(401,644)$594,710
Issuance of common stock upon exercise of stock options867,016—10,062—10,062
Issuance of common stock upon settlement of restricted stock units912,103————
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 plan135,431—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, 202490,998,255$9$1,003,929$(408,402)$595,536
Common Stock · Additional Paid-in Capital · AccumulatedDeficit · Total Stockholders’ Equity
Shares · Amount
Balance as of December 31, 202386,330,303$9$917,872$(282,576)$635,305
Issuance of common stock upon exercise of stock options1,488,118—12,281—12,281
Issuance of common stock upon settlement of restricted stock units2,846,811————
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 plan333,564—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, 202490,998,255$9$1,003,929$(408,402)$595,536

Condensed Consolidated Statements of Stockholders’ Equity

Common Stock · Additional Paid-in Capital · Accumulated Deficit · Total Stockholders’ Equity
Shares · Amount
Balance as of June 30, 202596,091,343$10$1,129,997$(407,997)$722,010
Issuance of common stock upon exercise of stock options461,859—4,628—4,628
Issuance of common stock upon settlement of restricted stock units653,395————
Shares withheld related to net share settlement of restricted stock units(18)—(2)—(2)
Stock-based compensation expense——36,156—36,156
Issuance of common stock under employee stock purchase plan68,965—3,757—3,757
Purchase of capped calls——(55,200)—(55,200)
Settlement of capped calls——564—564
Net income———31,80531,805
Balance as of September 30, 202597,275,544$10$1,119,900$(376,192)$743,718
Common Stock · Additional Paid-in Capital · Accumulated Deficit · Total Stockholders’ Equity
Shares · Amount
Balance as of December 31, 202493,469,721$9$1,044,366$(411,157)$633,218
Issuance of common stock upon exercise of stock options1,406,301114,493—14,494
Issuance of common stock upon settlement of restricted stock units2,179,822————
Shares withheld related to net share settlement of restricted stock units(118)—(9)—(9)
Stock-based compensation expense——107,237—107,237
Issuance of common stock under employee stock purchase plan219,818—8,449—8,449
Purchase of capped calls——(55,200)—(55,200)
Settlement of capped calls——564—564
Net income———34,96534,965
Balance as of September 30, 202597,275,544$10$1,119,900$(376,192)$743,718
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.