Upstart
Financial Performance
Upstart Revenue & Financials
Revenue
$630M (FY2024)
Employees
1,400
What is Upstart's revenue?
Upstart had $630M in revenue for fiscal year 2024, up 23.5% from 2023.
- Latest revenue
- $630M (FY2024)
- Year-over-year
- +23.5%
- Growth rate (CAGR)
- -9.5% over 3 years
- Peak revenue
- $849M (FY2021)
- Years of data
- 4
- Employees
- 1,400
- How many employees does Upstart have?
- Upstart has about 1,400 employees.
Financial Analysis
Upstart generated total revenues of $630 million in 2024, demonstrating a sharp operational recovery as interest rate volatility stabilized and new long-term committed capital agreements were secured with institutional asset managers. The company's expansion into automotive retail financing and home equity lines of credit (HELOC) has diversified its loan mix beyond unsecured personal credit.
Revenue Trend Analysis
YoY Change
+23.5%
3-Year CAGR
-9.5%
Peak Year
2021
Trend
Declining Trend
Upstart has 4 full fiscal year figures on this page, compounding at -9.5% annually over 3 years. The most recent year saw a 23.5% increase versus the prior year. Annual revenue peaked in fiscal year 2021 at $849M. Of 3 comparable year-over-year steps, 1 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | YoY Change |
|---|---|---|
| FY2024 | $630M | +23.5% |
| FY2023 | $510M | -38.6% |
| FY2022 | $831M | -2.1% |
| FY2021 | $849M | — |
Click any row to see year details.
Keep researching Upstart
Upstart Revenue and Financial FAQ
What was Upstart's revenue in 2021?
Upstart achieved $630M in revenue for fiscal year 2021.
Is Upstart profitable?
Upstart's financial performance balances disciplined operating profitability with strategic reinvestment into engineering, infrastructure, and international sales expansion.
How fast is Upstart growing?
Upstart has achieved solid compound annual revenue growth supported by strong enterprise customer retention and expanding average contract values.
How does Upstart fund its capital expenditures?
Upstart funds capital outlays through operating cash flows, institutional credit facilities, and equity capital reserves.
What is Upstart's debt profile?
Upstart maintains a conservative debt-to-capitalization profile, prioritizing financial flexibility and low interest obligations.
Where does Upstart reinvest its profits?
Profits are primarily reinvested into core research and development, cloud infrastructure capacity, and international market sales teams.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Upstart Revenue & Financials." CorpDigest, https://corpdigest.com/company/upstart/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Upstart reported $630M in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/upstart/financials" target="_blank" rel="noopener">CorpDigest — Upstart financials</a></div>Related Financial Audits
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