Upstart Holdings annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Upstart Holdings R&D Spending Growth & History (UPST)
Upstart Holdings's r&d spending was $257.6M for fiscal 2025.
View full Upstart Holdings company overviewUpstart Holdings annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $257.6M | $3.9M | +1.56% |
| 2024 | 2024-12-31 | $253.7M | −$26.5M | −9.45% |
| 2023 | 2023-12-31 | $280.1M | $42.9M | +18.08% |
| 2022 | 2022-12-31 | $237.2M | $103.2M | +77.05% |
| 2021 | 2021-12-31 | $134.0M | $95.2M | +245.34% |
| 2020 | 2020-12-31 | $38.8M | $20.0M | +106.65% |
| 2019 | 2019-12-31 | $18.8M | — | — |
Upstart Holdings quarterly r&d spending
Q1.20
Q2.20
Q3.20
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 | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $93.9M | $25.0M | +36.37% |
| Q1 2026 | 2026-03-31 | $80.1M | $22.3M | +38.51% |
| Q4 2025 | 2025-12-31 | $66.9M | −$309,000 | −0.46% |
| Q3 2025 | 2025-09-30 | $64.0M | −$861,000 | −1.33% |
| Q2 2025 | 2025-06-30 | $68.8M | $10.4M | +17.74% |
| Q1 2025 | 2025-03-31 | $57.8M | −$5.3M | −8.33% |
| Q4 2024 | 2024-12-31 | $67.2M | $10.1M | +17.62% |
| Q3 2024 | 2024-09-30 | $64.9M | $9.9M | +18.10% |
| Q2 2024 | 2024-06-30 | $58.5M | $479,000 | +0.83% |
| Q1 2024 | 2024-03-31 | $63.1M | −$47.0M | −42.68% |
| Q4 2023 | 2023-12-31 | $57.2M | −$6.9M | −10.74% |
| Q3 2023 | 2023-09-30 | $54.9M | −$11.2M | −16.98% |
| Q2 2023 | 2023-06-30 | $58.0M | $929,000 | +1.63% |
| Q1 2023 | 2023-03-31 | $110.1M | $60.1M | +120.18% |
| Q4 2022 | 2022-12-31 | $64.0M | $17.5M | +37.71% |
| Q3 2022 | 2022-09-30 | $66.2M | $29.1M | +78.46% |
| Q2 2022 | 2022-06-30 | $57.0M | $25.6M | +81.49% |
| Q1 2022 | 2022-03-31 | $50.0M | $31.0M | +163.28% |
| Q4 2021 | 2021-12-31 | $46.5M | $32.3M | +228.56% |
| Q3 2021 | 2021-09-30 | $37.1M | $27.1M | +272.12% |
| Q2 2021 | 2021-06-30 | $31.4M | $23.8M | +309.95% |
| Q1 2021 | 2021-03-31 | $19.0M | $12.0M | +170.56% |
| Q4 2020 | 2020-12-31 | $14.2M | — | — |
| Q3 2020 | 2020-09-30 | $10.0M | — | — |
| Q2 2020 | 2020-06-30 | $7.7M | — | — |
| Q1 2020 | 2020-03-31 | $7.0M | — | — |
Upstart Holdings r&d spending trends
Over the last five fiscal years, Upstart Holdings's r&d spending increased from $38.8M to $257.6M, a change of $218.8M. The latest reported quarter, Q2 2026, shows $93.9M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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