UPST: financial statements from SEC

Income statement

Metric	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Sep 30, 2024	Jun 30, 2024
Revenue	308m	277m	257m	213m	162m	128m
Research and development	80m	64m	69m	58m	65m	58m
Selling, general and administrative	76m	61m	65m	61m	60m	53m
Operating expenses	316m	253m	253m	218m	207m	183m
Operating income	−8m	24m	5m	−4m	−45m	−55m
Interest expense	10m	9m	8m	7m	11m	11m
Income tax	84,000	124,000	49,000	29,000	45,000	15,000
Net income	−7m	32m	6m	−2m	−7m	−54m
Earnings per share	−0.07	0.33	0.06	−0.03	−0.07	−0.62
Earnings per share, diluted	−0.07	0.23	0.05	−0.03	−0.07	−0.62
Weighted average shares	97m	97m	96m	94m	90m	88m
Weighted average shares, diluted	97m	110m	103m	94m	90m	88m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	473m	652m	490m	396m	600m	788m	656m	561m
Property, plant and equipment	48m	44m	44m	44m	42m	39m	38m	40m
Goodwill	67m	67m	67m	67m	67m	67m	67m	67m
Total assets	2.96bn	2.97bn	2.90bn	2.48bn	2.30bn	2.37bn	1.81bn	1.82bn
Total liabilities	2.23bn	2.18bn	2.16bn	1.76bn	1.62bn	1.73bn	1.21bn	1.23bn
Equity	733m	799m	744m	722m	677m	633m	596m	595m
Shares outstanding	96m	98m	97m	96m	95m	93m	91m	89m
Shares issued	96m	98m	97m	96m	95m	93m	91m	89m

Metric	Mar 31, 2026	Mar 31, 2025
Operating cash flow	−133m	−13m
Depreciation and amortisation	6m	6m
Share-based compensation	35m	30m
Capital expenditure	3m	0
Investing cash flow	876,000	−79m
Share buybacks	100m	0
Financing cash flow	7m	−45m