Upstart Holdings, Inc.

For the period ended Sep 30, 2026. Filed Nov 3, 2026.

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, 2026 · Filed Nov 3, 2026

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

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

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Contents

Condensed Consolidated Statements of Stockholders’ Equity

Common Stock · Additional Paid-in Capital · Accumulated Deficit · Total Stockholders’ Equity
Shares · Amount
Balance as of June 30, 2025	96,091,343	$10	$1,129,997	$(407,997)	$722,010
Issuance of common stock upon exercise of stock options	461,859	—	4,628	—	4,628
Issuance of common stock upon settlement of RSUs	653,395	—	—	—	—
Shares withheld related to net share settlement of RSUs	(18)	—	(2)	—	(2)
Stock-based compensation expense	—	—	36,156	—	36,156
Issuance of common stock under ESPP	68,965	—	3,757	—	3,757
Purchase of capped calls	—	—	(55,200)	—	(55,200)
Settlement of capped calls	—	—	564	—	564
Net income	—	—	—	31,805	31,805
Balance as of September 30, 2025	97,275,544	$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, 2024	93,469,721	$9	$1,044,366	$(411,157)	$633,218
Issuance of common stock upon exercise of stock options	1,406,301	1	14,493	—	14,494
Issuance of common stock upon settlement of RSUs	2,179,822	—	—	—	—
Shares withheld related to net share settlement of RSUs	(118)	—	(9)	—	(9)
Stock-based compensation expense	—	—	107,237	—	107,237
Issuance of common stock under ESPP	219,818	—	8,449	—	8,449
Purchase of capped calls	—	—	(55,200)	—	(55,200)
Settlement of capped calls	—	—	564	—	564
Net income	—	—	—	34,965	34,965
Balance as of September 30, 2025	97,275,544	$10	$1,119,900	$(376,192)	$743,718

Condensed Consolidated Statements of Stockholders’ Equity

Common Stock · Additional Paid-in Capital · Accumulated Deficit · Total Stockholders’ Equity
Shares · Amount
Balance as of June 30, 2026	97,306,813	$10	$1,145,141	$(347,663)	$797,488
Issuance of common stock upon exercise of stock options	687,451	—	7,935	—	7,935
Issuance of common stock upon settlement of RSUs	788,517	—	—	—	—
Stock-based compensation expense	—	—	41,939	—	41,939
Issuance of common stock under ESPP	124,149	—	3,212	—	3,212
Repurchases of stock	—	—	268	—	268
Net income	—	—	—	36,578	36,578
Balance as of September 30, 2026	98,906,930	$10	$1,198,495	$(311,085)	$887,420

Common Stock · Additional Paid-in Capital · Accumulated Deficit · Total Stockholders’ Equity
Shares · Amount
Balance as of December 31, 2025	98,033,361	$10	$1,156,361	$(357,556)	$798,815
Issuance of common stock upon exercise of stock options	1,630,302	—	9,486	—	9,486
Issuance of common stock upon settlement of RSUs	2,135,063	—	—	—	—
Shares withheld related to net share settlement of RSUs	(29)	—	(1)	—	(1)
Stock-based compensation expense	—	—	124,868	—	124,868
Issuance of common stock under ESPP	301,527	—	7,838	—	7,838
Repurchases of stock	(3,193,294)	—	(100,057)	—	(100,057)
Net income	—	—	—	46,471	46,471
Balance as of September 30, 2026	98,906,930	$10	$1,198,495	$(311,085)	$887,420

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.