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Upstart (UPST) Revenue & Revenue Breakdown

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Upstart Revenue Highlights

Latest Revenue (Y)

$636.53M

Latest Revenue (Q)

$257.29M

Main Segment (Y)

Servicing Fees, Net

Upstart Revenue by Period

Upstart Revenue by Year

DateRevenueChange
2024-12-31$636.53M23.94%
2023-12-31$513.56M-39.81%
2022-12-31$853.29M0.17%
2021-12-31$851.86M252.82%
2020-12-31$241.44M26.63%
2019-12-31$190.67M51.57%
2018-12-31$125.80M88.57%
2017-12-31$66.71M-

Upstart generated $636.53M in revenue during NA 2024, up 23.94% compared to the previous quarter, and up 333.83% compared to the same period a year ago.

Upstart Revenue by Quarter

DateRevenueChange
2025-06-30$257.29M16.74%
2025-03-31$220.39M4.32%
2024-12-31$211.27M30.30%
2024-09-30$162.14M27.04%
2024-06-30$127.63M-0.13%
2024-03-31$127.79M-5.25%
2023-12-31$134.87M0.23%
2023-09-30$134.56M-0.89%
2023-06-30$135.77M31.91%
2023-03-31$102.93M-27.63%
2022-12-31$142.23M-9.54%
2022-09-30$157.23M-31.09%
2022-06-30$228.16M-26.43%
2022-03-31$310.14M2.13%
2021-12-31$303.68M32.93%
2021-09-30$228.45M17.79%
2021-06-30$193.95M59.83%
2021-03-31$121.34M56.25%
2020-12-31$77.66M23.72%
2020-09-30$62.77M262.11%
2020-06-30$17.34M-73.03%
2020-03-31$64.28M0.77%
2019-12-31$63.79M28.90%
2019-09-30$49.49M-

Upstart generated $257.29M in revenue during Q2 2025, up 16.74% compared to the previous quarter, and up 201.33% compared to the same period a year ago.

Upstart Revenue Breakdown

Upstart Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21
Borrower Fees$26.44M$29.14M--
Servicing Fees$89.32M$107.01M--
Servicing Fees, Net$133.06M$146.31M$175.03M$75.11M
Collection Agency Fees$16.41M$15.87M--
Other Fees$677.00K$743.00K--
Platform And Referral Fees, Net--$732.24M$726.16M

Upstart's latest annual revenue breakdown by segment (product or service), as of Dec 24: Servicing Fees, Net (50.04%), Servicing Fees (33.59%), Borrower Fees (9.94%), Collection Agency Fees (6.17%), and Other Fees (0.25%).

Quarterly Revenue by Product

Product/ServiceJun 25Mar 25Dec 24Sep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Servicing Fees$23.43M$22.81M$44.30M$21.78M$23.24M------------
Borrower Fees$6.66M$6.66M$12.70M$6.58M$7.16M$7.08M$3.25M----------
Collection Agency Fees$3.71M$3.79M$7.84M$3.96M$4.60M$3.17M$1.41M----------
Other Fees$833.00K$97.00K$491.00K$88.00K$98.00K------------
Servicing Fees, Net$37.93M$34.50M$65.45M$33.39M$34.21M$34.59M$34.32M$37.92M$39.48M$44.56M$46.73M$42.17M$18.98M$18.22M$9.22M--
Platform And Referral Fees, Net------$112.44M$105.77M$77.66M$134.79M$211.61M$271.81M$191.44M$169.08M$106.95M--

Upstart's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Servicing Fees, Net (52.27%), Servicing Fees (32.28%), Borrower Fees (9.18%), Collection Agency Fees (5.12%), and Other Fees (1.15%).

Upstart Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
COFCapital One Financial$46.03B$21.09B
VVisa$35.93B$10.17B
PYPLPayPal$31.80B$8.29B
MAMastercard$28.17B$8.13B
CRWDCrowdStrike$3.95B$1.17B
SNOWSnowflake$3.63B$1.14B
SOFISoFi$2.81B$1.12B
TTDTrade Desk$2.44B$616.02M
AFRMAffirm$2.32B$866.38M
UPSTUpstart$636.53M$257.29M

UPST Revenue FAQ

What is Upstart’s yearly revenue?

Upstart's yearly revenue for 2024 was $636.53M, representing an increase of 23.94% compared to 2023. The company's yearly revenue for 2023 was $513.56M, representing a decrease of -39.81% compared to 2022. UPST's yearly revenue for 2022 was $853.29M, representing an increase of 0.17% compared to 2021.

What is Upstart’s quarterly revenue?

Upstart's quarterly revenue for Q2 2025 was $257.29M, a 16.74% increase from the previous quarter (Q1 2025), and a 101.59% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $220.39M, a 4.32% increase from the previous quarter (Q4 2024), and a 72.46% increase year-over-year (Q1 2024). UPST's quarterly revenue for Q4 2024 was $211.27M, a 30.30% increase from the previous quarter (Q3 2024), and a 56.65% increase year-over-year (Q4 2023).

What is Upstart’s revenue growth rate?

Upstart's revenue growth rate for the last 3 years (2022-2024) was -25.40%, and for the last 5 years (2020-2024) was 163.64%.

What are Upstart’s revenue streams?

Upstart's revenue streams in c 24 are Borrower Fees, Servicing Fees, Servicing Fees, Net, Collection Agency Fees, and Other Fees. Borrower Fees generated $26.44M in revenue, accounting 9.94% of the company's total revenue, down -9.25% year-over-year. Servicing Fees generated $89.32M in revenue, accounting 33.59% of the company's total revenue, down -16.53% year-over-year. Servicing Fees, Net generated $133.06M in revenue, accounting 50.04% of the company's total revenue, down -9.06% year-over-year. Collection Agency Fees generated $16.4M in revenue, accounting 6.17% of the company's total revenue, up 3.40% year-over-year. Other Fees generated $677K in revenue, accounting 0.25% of the company's total revenue, down -8.88% year-over-year.

What is Upstart’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Upstart was Servicing Fees, Net. This segment made a revenue of $133.06M, representing 50.04% of the company's total revenue.