$UPST
Upstart Holdings, Inc.

2021 Q4 Form 10-Q Financial Statement

#000164763921000037 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q3
Revenue $287.4M $228.5M $65.36M
YoY Change 240.51% 249.53% 36.45%
Cost Of Revenue $41.05M $34.98M $9.400M
YoY Change 220.7% 272.11% 40.3%
Gross Profit $246.3M $175.4M $53.50M
YoY Change 244.05% 227.93% 29.85%
Gross Profit Margin 85.72% 76.8% 81.86%
Selling, General & Admin $156.9M $127.8M $33.83M
YoY Change 217.59% 277.78% -5.25%
% of Gross Profit 63.69% 72.84% 63.23%
Research & Development $46.50M $37.09M $9.966M
YoY Change 227.43% 272.12% 95.41%
% of Gross Profit 18.87% 21.14% 18.63%
Depreciation & Amortization $2.557M $2.185M $1.630M
YoY Change 293.38% 34.05% 409.38%
% of Gross Profit 1.04% 1.25% 3.05%
Operating Expenses $203.4M $199.9M $53.15M
YoY Change 220.29% 276.0% 30.27%
Operating Profit $42.95M $28.60M $12.21M
YoY Change 430.28% 134.28% 2951.75%
Interest Expense $17.46M $269.0K $1.438M
YoY Change 659.17% -81.29%
% of Operating Profit 40.65% 0.94% 11.78%
Other Income/Expense, Net -$1.147M $22.00K $50.00K
YoY Change -87.26% -56.0% -108.33%
Pretax Income $59.27M $27.85M $9.700M
YoY Change 4133.36% 187.06% -4950.0%
Income Tax $323.0K -$1.268M $0.00
% Of Pretax Income 0.54% -4.55% 0.0%
Net Earnings $58.94M $29.11M $9.669M
YoY Change 5794.4% 201.1% -3323.0%
Net Earnings / Revenue 20.51% 12.74% 14.79%
Basic Earnings Per Share $0.37 $0.12
Diluted Earnings Per Share $610.2K $0.30 $0.10
COMMON SHARES
Basic Shares Outstanding 81.96M shares 79.39M shares 14.71M shares
Diluted Shares Outstanding 96.06M shares 26.75M shares

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $986.6M $1.041B $53.20M
YoY Change 293.38% 1857.63%
Cash & Equivalents $1.191B $1.172B $110.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $1.042B $1.071B $62.30M
YoY Change 297.0% 1619.82%
LONG-TERM ASSETS
Property, Plant & Equipment $24.26M $18.90M $23.00M
YoY Change 141.82% -17.83%
Goodwill $67.06M $66.87M
YoY Change
Intangibles $19.91M $20.98M
YoY Change
Long-Term Investments $40.00M $40.00M
YoY Change
Other Assets $234.6M $148.2M $60.50M
YoY Change 252.85% 144.92%
Total Long-Term Assets $778.3M $534.7M $247.5M
YoY Change 262.43% 116.03%
TOTAL ASSETS
Total Short-Term Assets $1.042B $1.071B $62.30M
Total Long-Term Assets $778.3M $534.7M $247.5M
Total Assets $1.820B $1.606B $309.8M
YoY Change 281.44% 418.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $114.2M $93.69M $45.20M
YoY Change 92.51% 107.29%
Accrued Expenses $185.9M $128.7M $29.90M
YoY Change 320.51% 330.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $300.0M $222.4M $75.10M
YoY Change 189.88% 196.13%
LONG-TERM LIABILITIES
Long-Term Debt $695.4M $649.2M $100.6M
YoY Change 1010.91% 545.35%
Other Long-Term Liabilities $17.92M $15.43M $18.90M
YoY Change 64.39% -18.38%
Total Long-Term Liabilities $713.4M $664.6M $119.5M
YoY Change 870.54% 456.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $300.0M $222.4M $75.10M
Total Long-Term Liabilities $713.4M $664.6M $119.5M
Total Liabilities $1.013B $887.0M $194.6M
YoY Change 472.52% 355.83%
SHAREHOLDERS EQUITY
Retained Earnings $66.22M $7.277M
YoY Change -195.66%
Common Stock $8.000K $8.000K
YoY Change 14.29%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $807.1M $719.1M $115.2M
YoY Change
Total Liabilities & Shareholders Equity $1.820B $1.606B $309.8M
YoY Change 281.44% 418.44%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q3
OPERATING ACTIVITIES
Net Income $58.94M $29.11M $9.669M
YoY Change 5794.4% 201.1% -3323.0%
Depreciation, Depletion And Amortization $2.557M $2.185M $1.630M
YoY Change 293.38% 34.05% 409.38%
Cash From Operating Activities -$11.14M $43.60M -$52.82M
YoY Change -116.26% -182.55% -351.17%
INVESTING ACTIVITIES
Capital Expenditures -$5.683M -$5.287M -$4.250M
YoY Change 317.87% 24.4% 234.65%
Acquisitions
YoY Change
Other Investing Activities -$14.09M -$79.12M $132.0M
YoY Change -238.71% -159.95% 140.85%
Cash From Investing Activities -$19.78M -$84.40M $127.7M
YoY Change -324.47% -166.09% 138.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 50.40M 595.0M -44.31M
YoY Change -59.14% -1442.88% -54.19%
NET CHANGE
Cash From Operating Activities -11.14M 43.60M -52.82M
Cash From Investing Activities -19.78M -84.40M 127.7M
Cash From Financing Activities 50.40M 595.0M -44.31M
Net Change In Cash 19.48M 554.2M 30.58M
YoY Change -90.29% 1712.39% -237.87%
FREE CASH FLOW
Cash From Operating Activities -$11.14M $43.60M -$52.82M
Capital Expenditures -$5.683M -$5.287M -$4.250M
Free Cash Flow -$5.461M $48.89M -$48.57M
YoY Change -107.81% -200.65% -317.8%

Facts In Submission

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21417000 USD
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29113000 USD
CY2021Q3 us-gaap Temporary Equity Shares Outstanding
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0 shares
CY2021Q3 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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0 USD
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Temporary Equity Shares Outstanding
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0 shares
CY2020Q4 us-gaap Temporary Equity Carrying Amount Including Portion Attributable To Noncontrolling Interests
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0 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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us-gaap Stock Issued During Period Value Stock Options Exercised
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us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Stock Issued During Period Shares Acquisitions
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us-gaap Stock Issued During Period Value Acquisitions
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71003000 USD
us-gaap Stock Issued During Period Value Acquisitions
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us-gaap Stock Issued During Period Value New Issues
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upst Adjustments To Additional Paid In Capital Purchase Of Capped Call Transactions
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Profit Loss
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76499000 USD
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us-gaap Increase Decrease In Financial Instruments Used In Operating Activities
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5839000 USD
us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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1747000 USD
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4223000 USD
us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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us-gaap Incentive Fee Expense
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us-gaap Incentive Fee Expense
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us-gaap Other Noncash Income Expense
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upst Purchase Of Loans For Immediate Resale
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1554705000 USD
upst Proceeds From Immediate Resale Of Loans
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us-gaap Payments To Purchase Loans Held For Sale
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us-gaap Proceeds From Collection Of Loans Held For Sale
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4398000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
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6813000 USD
us-gaap Proceeds From Sale Of Loans Held For Sale
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90537000 USD
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4843000 USD
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22806000 USD
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upst Increase Decrease In Operating Lease Liability And Right Of Use Asset
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13137000 USD
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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29854000 USD
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upst Proceeds From Principal Repayments On Loans Held By Consolidated Securitizations
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24018000 USD
upst Proceeds From Principal Repayments On Loans Held By Consolidated Securitizations
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0 USD
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us-gaap Payments To Acquire Other Investments
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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4956000 USD
us-gaap Payments For Software
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4476000 USD
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16561000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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127710000 USD
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us-gaap Proceeds From Convertible Debt
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661250000 USD
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us-gaap Payments Of Debt Issuance Costs
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upst Payments For Capped Calls
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upst Payments For Capped Calls
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58523000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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236000 USD
upst Payments Made On Securitization Notes And Certificates
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26126000 USD
upst Payments Made On Securitization Notes And Certificates
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0 USD
us-gaap Repayments Of Debt
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us-gaap Repayments Of Debt
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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4145000 USD
upst Derecognition Of Loans Held For Investment In Consolidated Vie
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0 USD
us-gaap Proceeds From Stock Options Exercised
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510000 USD
us-gaap Proceeds From Stock Options Exercised
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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30581000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
860428000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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80067000 USD
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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311333000 USD
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110648000 USD
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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2796000 USD
us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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us-gaap Business Combination Consideration Transferred Equity Interests Issued And Issuable
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upst Derecognition Of Loans Held For Investment In Consolidated Vie
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57222000 USD
upst Derecognition Of Payable To Securitization Note Holders And Residual Certificate Holders
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58017000 USD
upst Derecognition Of Payable To Securitization Note Holders And Residual Certificate Holders
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
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us-gaap Use Of Estimates
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The preparation of the condensed consolidated financial statements in conformity with GAAP requires that management make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions made in the accompanying condensed consolidated financial statements, which management believes are critical in understanding and evaluating the Company’s reported financial results include: (i) fair value determinations; (ii) stock-based compensation; (iii) consolidation of VIEs; and (iv) provision for income taxes, net of valuation allowance for deferred tax assets. The Company bases its estimates on various factors it believes to be reasonable under the circumstances. Actual results could differ from those estimates and such differences could affect the results of operations reported in future periods.
CY2021Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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CY2020Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
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263900000 USD
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11000000 USD
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CY2020Q2 upst Loan Payment Deferral Period Cares Act
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P6M
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CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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144179000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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513888000 USD
CY2020Q3 upst Net Gain Loss Related To Loan Servicing Rights
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CY2021Q3 upst Net Gain Loss Related To Loan Servicing Rights
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upst Net Gain Loss Related To Loan Servicing Rights
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1747000 USD
upst Net Gain Loss Related To Loan Servicing Rights
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CY2020Q3 us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
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us-gaap Interest And Dividend Income Operating
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CY2021Q3 us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Expense
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2796000 USD
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1861000 USD
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13226000 USD
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CY2020Q3 upst Interest Income And Fair Value Adjustment Net
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2498000 USD
CY2021Q3 upst Interest Income And Fair Value Adjustment Net
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18029000 USD
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2527000 USD
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29853000 USD
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us-gaap Adjustment For Amortization
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2200000 USD
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-0.14
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20963000 USD
us-gaap Business Combination Acquisition Related Costs
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CY2021Q3 us-gaap Business Combination Acquisition Related Costs
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us-gaap Goodwill Acquired During Period
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23100000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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2137000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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1069000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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4275000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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4275000 USD
CY2021Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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1925000 USD
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1142000 USD
CY2021Q3 upst Finite Lived Intangible Asset Expected Amortization After Year Four
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8277000 USD
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20963000 USD
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29986000 USD
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CY2021Q3 us-gaap Deposits Assets
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8272000 USD
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6009000 USD
CY2021Q3 us-gaap Prepaid Expense Current And Noncurrent
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17875000 USD
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7603000 USD
CY2021Q3 us-gaap Other Assets Miscellaneous
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8978000 USD
CY2020Q4 us-gaap Other Assets
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40046000 USD
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13724000 USD
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25337000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3692000 USD
CY2021Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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6439000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
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10032000 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
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18898000 USD
CY2020Q4 us-gaap Capitalized Computer Software Net
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6000000 USD
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11000000 USD
CY2020Q4 us-gaap Common Stock Shares Authorized
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700000000 shares
CY2020Q4 us-gaap Accrued Liabilities Current And Noncurrent
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10974000 USD
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33955000 USD
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13834000 USD
CY2021Q3 us-gaap Employee Related Liabilities Current And Noncurrent
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22570000 USD
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8254000 USD
CY2021Q3 us-gaap Servicing Liability At Fair Value Amount
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7188000 USD
CY2020Q4 upst Trailing Fee Liability At Fair Value Amount
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1276000 USD
CY2021Q3 upst Trailing Fee Liability At Fair Value Amount
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3334000 USD
CY2020Q4 us-gaap Other Liabilities
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1331000 USD
CY2021Q3 us-gaap Other Liabilities
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4904000 USD
CY2020Q4 us-gaap Accrued Liabilities And Other Liabilities
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35669000 USD
CY2021Q3 us-gaap Accrued Liabilities And Other Liabilities
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71951000 USD
CY2020Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.0001
CY2020Q4 upst Long Term And Short Term Debt Gross
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62681000 USD
CY2021Q3 upst Long Term And Short Term Debt Gross
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664350000 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
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55000 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount
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15128000 USD
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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62626000 USD
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CY2021Q3 upst Long Term And Short Term Debt Maturity Remainder Of The Fiscal Year
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CY2021Q3 upst Long Term And Short Term Debt Maturity Year Two
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CY2021Q3 upst Long Term And Short Term Debt Maturity Year Three
LongTermAndShortTermDebtMaturityYearThree
1291000 USD
CY2021Q3 upst Long Term And Short Term Debt Maturity Year Four
LongTermAndShortTermDebtMaturityYearFour
0 USD
CY2021Q3 upst Long Term And Short Term Debt Maturity After Year Four
LongTermAndShortTermDebtMaturityAfterYearFour
661250000 USD
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664350000 USD
CY2020Q4 us-gaap Class Of Warrant Or Right Unissued
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CY2021Q3 us-gaap Class Of Warrant Or Right Unissued
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CY2020Q4 upst Common Stock And Class Of Warrant Or Right Reserved For Future Issuance
CommonStockAndClassOfWarrantOrRightReservedForFutureIssuance
22212404000 shares
CY2021Q3 upst Common Stock And Class Of Warrant Or Right Reserved For Future Issuance
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CY2018Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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2.16
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P10Y
CY2020Q4 upst Class Of Warrant Or Right Company Repurchase Requirement Amount
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1500000 USD
CY2021Q1 upst Stock Issued During Period Shares Warrants Exercised
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72407 shares
CY2020Q4 upst Class Of Warrant Or Right Repurchase Option Termination Period After Closing Of Qualified Sale
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P30D
CY2020Q4 upst Class Of Warrant Or Right Repurchase Option Termination Period After Companys Share Price Is Confirmed
ClassOfWarrantOrRightRepurchaseOptionTerminationPeriodAfterCompanysSharePriceIsConfirmed
P10D
CY2020Q4 upst Class Of Warrant Or Right Warrants Reclassified From Liability To Equity
ClassOfWarrantOrRightWarrantsReclassifiedFromLiabilityToEquity
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CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.27
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y9M18D
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
105.37
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ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsAssumedInAcquisitionWeightedAverageExercisePrice
9.06
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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873900000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
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386010000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
14753486000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
8.78
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.98
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
7.30
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
14906879000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
9.10
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y8M12D
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
4581564000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
8598833000 shares
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
2.48
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y3M18D
CY2021Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
2699739000 USD
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
4539113000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2000000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
4500000 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
16700000 USD
CY2021Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
63000000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
243725 shares
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2618000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20317000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7102000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50125000 USD
CY2020Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2618000 USD
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
20317000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7102000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
50125000 USD
CY2021Q3 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
2000000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1274000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6863000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9863000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
11554000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
11878000 USD
CY2021Q3 upst Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
57742000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
99174000 USD
CY2021Q3 upst Lessee Operating Lease Liability Tenant Improvement Receivable
LesseeOperatingLeaseLiabilityTenantImprovementReceivable
9675000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
17324000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
72175000 USD
CY2021Q3 upst Lessee Operating Lease Liability Payments Due Leases Not Yet Commenced
LesseeOperatingLeaseLiabilityPaymentsDueLeasesNotYetCommenced
31600000 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1307000 USD
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1772000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3879000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
4767000 USD
CY2020Q3 us-gaap Variable Lease Cost
VariableLeaseCost
330000 USD
CY2021Q3 us-gaap Variable Lease Cost
VariableLeaseCost
454000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1033000 USD
us-gaap Variable Lease Cost
VariableLeaseCost
1115000 USD
CY2020Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1055000 USD
CY2021Q3 us-gaap Operating Lease Payments
OperatingLeasePayments
1147000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3101000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
3279000 USD
CY2020Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2021Q3 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
55149000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
187000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
55149000 USD
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y3M
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0401
CY2020Q4 us-gaap Purchase Obligation
PurchaseObligation
39300000 USD
CY2021Q3 us-gaap Purchase Obligation
PurchaseObligation
88800000 USD
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
CY2021Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1268000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-2035000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0455
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0273
upst Recognition Of Deferred Tax Assets
RecognitionOfDeferredTaxAssets
2300000 USD
CY2020Q3 us-gaap Net Income Loss
NetIncomeLoss
9669000 USD
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
29113000 USD
us-gaap Net Income Loss
NetIncomeLoss
4956000 USD
us-gaap Net Income Loss
NetIncomeLoss
76499000 USD
CY2020Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2348000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4956000 USD
CY2021Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
0 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
5586000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
0 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1735000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
29113000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
0 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
76499000 USD
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-907000 USD
CY2021Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2642000 USD
CY2021Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
29113000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
0 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
76499000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14707717 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79392600 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14663623 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76586395 shares
CY2020Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
12037763 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
16664610 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
17578930 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
26745480 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96057210 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14663623 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
94165325 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.00
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.10
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.30
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.81
CY2020Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
55557257 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2565615 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
67625496 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3743431 shares

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