Gross Profit for Upstart Holdings (UPST)
According to Upstart Holdings's latest reported financial statements, the company's current gross profit (TTM) is $1.02B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
UPST
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TTM (last 4 quarters)
$1.02B
YoY change
+62.8%
5Y CAGR
+35.8%
Peak year (2025)
$1.02B
Cumulative gross profit
$4.38B
Gross Profit history chart for Upstart Holdings (UPST) from 2017 to 2025
Gross Profit history table for Upstart Holdings (UPST) from 2017 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $1.02B | +62.8% | ||
| 2024 | $628.83M | +23.8% | ||
| 2023 | $508.12M | -39.3% | ||
| 2022 | $837.76M | -1.0% | ||
| 2021 | $846.61M | +281.3% | ||
| 2020 | $222.05M | +36.4% | ||
| 2019 | $162.78M | +70.3% | ||
| 2018 | $95.58M | +71.8% | ||
| 2017 | $55.64M | — |
Gross Profit values are taken from Upstart Holdings's reported income 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
Upstart Holdings (UPST) most recent annual gross profit stands at $1.02B (2025) – surged 62.8% year-over-year.
Upstart Holdings gross profit has grown for 2 consecutive years, with a +35.8% compound annual growth rate over 2020–2025 (5 years).
$1.02B stands as the all-time-high annual gross profit, posted in 2025, against a low of $55.64M during 2017.
Among 8 Financial Services peers, Upstart Holdings (UPST) ranks 9th; the peer median for gross profit is $72.83B.
Upstart Holdings Gross Profit by Year
Upstart Holdings Gross Profit 2025: $1.02B
Upstart Holdings gross profit in 2025 was $1.02B, surged 62.8% from 2024. This figure represents the highest annual value in the available history.
Upstart Holdings Gross Profit 2024: $628.83M
Upstart Holdings gross profit in 2024 was $628.83M, grew 23.8% from 2023.
Upstart Holdings Gross Profit 2023: $508.12M
Upstart Holdings gross profit in 2023 was $508.12M, plunged 39.3% below 2022.
Upstart Holdings Gross Profit 2022: $837.76M
Upstart Holdings gross profit in 2022 was $837.76M, edged down 1.0% below 2021.
Upstart Holdings Gross Profit 2021: $846.61M
Upstart Holdings gross profit in 2021 was $846.61M.
See more financial history for Upstart Holdings (UPST).
Sector peers — Gross Profit
Companies in the same sector as Upstart Holdings, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is Upstart Holdings's gross profit?
- Latest reported gross profit for Upstart Holdings (UPST) is $1.02B (period ending December 31, 2025).
How has Upstart Holdings gross profit changed year-over-year?
- Upstart Holdings (UPST) gross profit changed +62.8% year-over-year on the latest annual filing.
What is the long-term growth rate of Upstart Holdings gross profit?
- Upstart Holdings (UPST) gross profit compound annual growth rate is +35.8% over the most recent 5 years available.
When did Upstart Holdings gross profit hit its highest annual value?
- Upstart Holdings gross profit reached its highest annual value of $1.02B in 2025.
What was Upstart Holdings gross profit in 2024?
- Upstart Holdings (UPST) gross profit in 2024 was $628.83M.
What was Upstart Holdings gross profit in 2025?
- Upstart Holdings (UPST) gross profit in 2025 was $1.02B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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