Upstart Holdings annual net debt
2020
2021
2022
2023
2024
2025
Upstart Holdings Net Debt Growth & History (UPST)
Upstart Holdings's net debt was $1.20B for fiscal 2025.
View full Upstart Holdings company overviewUpstart Holdings annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.20B | $533.9M | +80.40% |
| 2024 | 2024-12-31 | $664.0M | −$70.3M | −9.58% |
| 2023 | 2023-12-31 | $734.3M | $179.6M | +32.38% |
| 2022 | 2022-12-31 | $554.7M | $950.2M | — |
| 2021 | 2021-12-31 | −$395.4M | −$166.2M | — |
| 2020 | 2020-12-31 | −$229.3M | — | — |
Upstart Holdings quarterly net debt
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.57B | $493.2M | +45.82% |
| Q1 2026 | 2026-03-31 | $1.47B | $684.1M | +87.47% |
| Q4 2025 | 2025-12-31 | $1.20B | $533.9M | +80.40% |
| Q3 2025 | 2025-09-30 | $1.41B | $1.12B | +393.61% |
| Q2 2025 | 2025-06-30 | $1.08B | $667.9M | +163.50% |
| Q1 2025 | 2025-03-31 | $782.2M | $156.7M | +25.05% |
| Q4 2024 | 2024-12-31 | $664.0M | −$70.3M | −9.58% |
| Q3 2024 | 2024-09-30 | $284.9M | −$196.8M | −40.85% |
| Q2 2024 | 2024-06-30 | $408.5M | −$108.5M | −20.99% |
| Q1 2024 | 2024-03-31 | $625.5M | −$22.6M | −3.48% |
| Q4 2023 | 2023-12-31 | $734.3M | $179.6M | +32.38% |
| Q3 2023 | 2023-09-30 | $481.7M | $293.3M | +155.68% |
| Q2 2023 | 2023-06-30 | $517.0M | $475.0M | +1130.98% |
| Q1 2023 | 2023-03-31 | $648.1M | $791.5M | — |
| Q4 2022 | 2022-12-31 | $554.7M | $950.2M | — |
| Q3 2022 | 2022-09-30 | $188.4M | $638.8M | — |
| Q2 2022 | 2022-06-30 | $42.0M | $635.7M | — |
| Q1 2022 | 2022-03-31 | −$143.4M | $132.1M | — |
| Q4 2021 | 2021-12-31 | −$395.4M | −$166.2M | — |
| Q3 2021 | 2021-09-30 | −$450.4M | — | — |
| Q2 2021 | 2021-06-30 | −$593.7M | — | — |
| Q1 2021 | 2021-03-31 | −$275.6M | — | — |
| Q4 2020 | 2020-12-31 | −$229.3M | — | — |
Upstart Holdings net debt trends
Over the last five fiscal years, Upstart Holdings's net debt increased from −$229.3M to $1.20B, a change of $1.43B. The latest reported quarter, Q2 2026, shows $1.57B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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