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Upstart (UPST) Revenue & Revenue Breakdown

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Upstart Revenue Highlights

Latest Revenue (Y)

$513.56M

Latest Revenue (Q)

$-5.45M

Main Segment (Y)

Servicing Fees, Net

Upstart Revenue by Period

Upstart Revenue by Year

DateRevenueChange
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 $513.56M in revenue during NA 2023, up -39.81% compared to the previous quarter, and up 408.25% compared to the same period a year ago.

Upstart Revenue by Quarter

DateRevenueChange
2024-09-30$-5.45M-104.27%
2024-06-30$127.63M-0.13%
2024-03-31$127.79M-8.92%
2023-12-31$140.31M4.28%
2023-09-30$134.56M0.82%
2023-06-30$133.46M29.66%
2023-03-31$102.93M-32.03%
2022-12-31$151.43M-5.52%
2022-09-30$160.28M-30.46%
2022-06-30$230.47M-25.91%
2022-03-31$311.10M1.89%
2021-12-31$305.33M33.49%
2021-09-30$228.72M17.03%
2021-06-30$195.44M59.71%
2021-03-31$122.38M39.40%
2020-12-31$87.78M31.42%
2020-09-30$66.80M240.59%
2020-06-30$19.61M-70.84%
2020-03-31$67.25M0.48%
2019-12-31$66.93M35.25%
2019-09-30$49.49M-

Upstart generated $-5.45M in revenue during Q3 2024, up -104.27% compared to the previous quarter, and up -4.08% compared to the same period a year ago.

Upstart Revenue Breakdown

Upstart Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Servicing Fees$107.01M--
Servicing Fees, Net$146.31M$175.03M$75.11M
Collection Agency Fees$15.87M--
Borrower Fees$29.14M--
Other Fees$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 23: Servicing Fees, Net (48.92%), Servicing Fees (35.78%), Borrower Fees (9.74%), Collection Agency Fees (5.30%), and Other Fees (0.25%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Servicing Fees, Net$33.39M$34.21M$34.59M$34.32M$37.92M$39.48M$44.56M$46.73M$42.17M$18.98M$18.22M$9.22M--
Collection Agency Fees$3.96M$4.60M$3.17M$1.41M----------
Other Fees$88.00K$98.00K------------
Servicing Fees$21.78M$23.24M------------
Borrower Fees$6.58M$7.16M$7.08M$3.25M----------
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 Sep 24: Servicing Fees, Net (50.74%), Servicing Fees (33.10%), Borrower Fees (10.00%), Collection Agency Fees (6.02%), and Other Fees (0.13%).

Upstart Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
AXPAmerican Express Company$60.36B$16.64B
VVisa$35.93B$8.90B
PYPLPayPal$29.77B$7.85B
COFCapital One Financial$25.77B$13.80B
MAMastercard$25.10B$7.37B
ALLYAlly Financial$9.07B$4.19B
SOFISoFi$2.05B$860.63M
UPSTUpstart$513.56M$-5.45M

UPST Revenue FAQ

What is Upstart’s yearly revenue?

Upstart's yearly revenue for 2023 was $513.56M, representing a decrease of -39.81% compared to 2022. The company's yearly revenue for 2022 was $853.29M, representing an increase of 0.17% compared to 2021. UPST's yearly revenue for 2021 was $851.86M, representing an increase of 252.82% compared to 2020.

What is Upstart’s quarterly revenue?

Upstart's quarterly revenue for Q3 2024 was $-5.45M, a -104.27% decrease from the previous quarter (Q2 2024), and a -104.05% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $127.63M, a -0.13% decrease from the previous quarter (Q1 2024), and a -4.37% decrease year-over-year (Q2 2023). UPST's quarterly revenue for Q1 2024 was $127.79M, a -8.92% decrease from the previous quarter (Q4 2023), and a 24.16% increase year-over-year (Q1 2023).

What is Upstart’s revenue growth rate?

Upstart's revenue growth rate for the last 3 years (2021-2023) was -39.71%, and for the last 5 years (2019-2023) was 169.34%.

What are Upstart’s revenue streams?

Upstart's revenue streams in c 23 are Servicing Fees, Servicing Fees, Net, Collection Agency Fees, Borrower Fees, and Other Fees. Servicing Fees generated $107.01M in revenue, accounting 35.78% of the company's total revenue Servicing Fees, Net generated $146.31M in revenue, accounting 48.92% of the company's total revenue, down -16.41% year-over-year. Collection Agency Fees generated $15.86M in revenue, accounting 5.30% of the company's total revenue Borrower Fees generated $29.14M in revenue, accounting 9.74% of the company's total revenue Other Fees generated $743K in revenue, accounting 0.25% of the company's total revenue

What is Upstart’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Upstart was Servicing Fees, Net. This segment made a revenue of $146.31M, representing 48.92% of the company's total revenue.