UPST Upstart Holdings, Inc.

Q3 2025 10-Q
Filed: Nov 4, 2025Period ending Sep 30, 2025
Financials
Finance ServicesSEC EDGAR

Upstart Holdings, Inc. (UPST) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Nov 4, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

AI Filing Analysis
Q3 2025 10-Q

Risk Factors

  • New risk: Increased exposure to committed capital losses, max potential loss $797.3M as of Sept 30, 2025, up from $357.9M Sept 30, 2024, due to more co-investment arrangements
  • Most materially updated risk: Underperformance of loans originated 2021-23 causing negative rating agency actions on asset-backed securitizations, impacting financing access
+3 more insights

Quarterly Financial Summary
XBRL

Revenue

$277M

+70.9% YoY +7.7% QoQ

Net Income

$32M

+570.6% YoY +467.2% QoQ

Operating Margin

8.5%

+3639bp YoY +678bp QoQ

Net Margin

11.5%

+1565bp YoY +930bp QoQ

ROE

4.3%

Total Assets

$2.9B

EPS (Diluted)

$0.25

+516.7% YoY +316.7% QoQ

Operating Cash Flow

-$123M

-168.4% YoY -2.1% QoQ

Source: XBRL data from Upstart Holdings, Inc. Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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