Capital Expenditures for Upstart Holdings (UPST)
According to Upstart Holdings's latest reported financial statements, the company's current capital expenditures (TTM) is $18.41M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
UPST
Currently viewingCapital ExpendituresSwitch metric
Latest period
$18.41M
YoY change
+84.3%
5Y CAGR
+26.8%
Peak year (2022)
$22.91M
Cumulative capital expenditures
$91.21M
CapEx history chart for Upstart Holdings (UPST) from 2017 to 2025
CapEx history table for Upstart Holdings (UPST) from 2017 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $18.41M | +84.3% | ||
| 2024 | $9.99M | -17.3% | ||
| 2023 | $12.09M | -47.3% | ||
| 2022 | $22.91M | +51.6% | ||
| 2021 | $15.12M | +169.7% | ||
| 2020 | $5.61M | +6.2% | ||
| 2019 | $5.28M | +405.7% | ||
| 2018 | $1.04M | +35.1% | ||
| 2017 | $773,000 | — |
CapEx values are taken from Upstart Holdings's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Upstart Holdings (UPST) capital expenditures is $18.41M – surged 84.3% year-over-year.
Upstart Holdings capital expenditures has recorded the values shown across consecutive periods, with a +26.8% compound annual growth rate over 2020–2025 (5 years).
Upstart Holdings capital expenditures peaked at $22.91M in 2022; the latest annual figure is $18.41M in 2025 (19.7% below peak).
Across the available history, capital expenditures reached its high of $22.91M in 2022 and its low of $773,000 in 2017.
Among 8 Financial Services peers, Upstart Holdings (UPST) ranks 6th; the peer median for capital expenditures is $985.50M.
Upstart Holdings Capital Expenditures by Year
Upstart Holdings Capital Expenditures 2025: $18.41M
Upstart Holdings capital expenditures in 2025 was $18.41M, surged 84.3% from 2024.
Upstart Holdings Capital Expenditures 2024: $9.99M
Upstart Holdings capital expenditures in 2024 was $9.99M, declined 17.3% below 2023.
Upstart Holdings Capital Expenditures 2023: $12.09M
Upstart Holdings capital expenditures in 2023 was $12.09M, plunged 47.3% below 2022.
Upstart Holdings Capital Expenditures 2022: $22.91M
Upstart Holdings capital expenditures in 2022 was $22.91M, surged 51.6% from 2021. This figure represents the highest annual value in the available history.
Upstart Holdings Capital Expenditures 2021: $15.12M
Upstart Holdings capital expenditures in 2021 was $15.12M.
See more financial history for Upstart Holdings (UPST).
Sector peers — CapEx
Companies in the same sector as Upstart Holdings, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Upstart Holdings's capital expenditures?
- Latest reported capital expenditures for Upstart Holdings (UPST) is $18.41M (period ending December 31, 2025).
How has Upstart Holdings capital expenditures changed year-over-year?
- Upstart Holdings (UPST) capital expenditures changed +84.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Upstart Holdings capital expenditures?
- Upstart Holdings (UPST) capital expenditures compound annual growth rate is +26.8% over the most recent 5 years available.
When did Upstart Holdings capital expenditures hit its highest annual value?
- Upstart Holdings capital expenditures reached its highest annual value of $22.91M in 2022.
What was Upstart Holdings capital expenditures in 2024?
- Upstart Holdings (UPST) capital expenditures in 2024 was $9.99M.
What was Upstart Holdings capital expenditures in 2025?
- Upstart Holdings (UPST) capital expenditures in 2025 was $18.41M.
Metrics overview
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