2024 Q2 Form 10-Q Financial Statement
#000164763924000022 Filed on May 08, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $127.6M | $127.8M |
| YoY Change | -5.99% | 24.16% |
| Cost Of Revenue | $38.68M | $39.41M |
| YoY Change | 5.12% | -2.91% |
| Gross Profit | $88.95M | $88.39M |
| YoY Change | -16.8% | 15.46% |
| Gross Profit Margin | 69.69% | 69.16% |
| Selling, General & Admin | $85.98M | $92.76M |
| YoY Change | 15.66% | 10.3% |
| % of Gross Profit | 96.66% | 104.95% |
| Research & Development | $58.45M | $63.09M |
| YoY Change | 0.83% | -42.68% |
| % of Gross Profit | 65.72% | 71.38% |
| Depreciation & Amortization | $4.500M | $5.632M |
| YoY Change | 2.27% | -12.56% |
| % of Gross Profit | 5.06% | 6.37% |
| Operating Expenses | $183.1M | $195.3M |
| YoY Change | 8.28% | -16.83% |
| Operating Profit | -$55.49M | -$67.47M |
| YoY Change | 66.4% | -48.82% |
| Interest Expense | $10.71M | |
| YoY Change | 50.22% | |
| % of Operating Profit | ||
| Other Income/Expense, Net | $1.031M | $2.884M |
| YoY Change | -80.16% | 11.05% |
| Pretax Income | -$54.46M | -$64.58M |
| YoY Change | 93.79% | -50.03% |
| Income Tax | $15.00K | $14.00K |
| % Of Pretax Income | ||
| Net Earnings | -$54.47M | -$64.60M |
| YoY Change | 93.4% | -50.02% |
| Net Earnings / Revenue | -42.68% | -50.55% |
| Basic Earnings Per Share | -$0.62 | -$0.74 |
| Diluted Earnings Per Share | -$0.62 | -$0.74 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 87.88M shares | 86.43M shares |
| Diluted Shares Outstanding | 88.44M shares | 87.03M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $374.8M | $300.5M |
| YoY Change | -15.53% | -22.33% |
| Cash & Equivalents | $560.6M | $439.2M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | ||
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $414.8M | $341.2M |
| YoY Change | -15.31% | -20.64% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $39.73M | $40.56M |
| YoY Change | -15.49% | -13.67% |
| Goodwill | $67.10M | $67.10M |
| YoY Change | 0.0% | 0.0% |
| Intangibles | $10.00M | $10.29M |
| YoY Change | -25.87% | -29.36% |
| Long-Term Investments | $41.25M | $41.25M |
| YoY Change | -0.12% | 0.0% |
| Other Assets | $204.0M | $161.6M |
| YoY Change | 143.4% | 85.89% |
| Total Long-Term Assets | $1.405B | $1.587B |
| YoY Change | 10.32% | 13.99% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $414.8M | $341.2M |
| Total Long-Term Assets | $1.405B | $1.587B |
| Total Assets | $1.820B | $1.928B |
| YoY Change | 3.2% | 5.82% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $79.38M | $69.10M |
| YoY Change | 55.65% | 45.16% |
| Accrued Expenses | $100.0M | $94.76M |
| YoY Change | -25.12% | -27.92% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $293.1M | $293.0M |
| YoY Change | 58.76% | 63.59% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $912.7M | $1.005B |
| YoY Change | -1.93% | 0.44% |
| Other Long-Term Liabilities | $19.72M | $16.64M |
| YoY Change | 89.58% | 14.22% |
| Total Long-Term Liabilities | $932.4M | $1.022B |
| YoY Change | -0.92% | 0.64% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $293.1M | $293.0M |
| Total Long-Term Liabilities | $932.4M | $1.022B |
| Total Liabilities | $1.226B | $1.315B |
| YoY Change | 8.88% | 10.08% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$401.6M | -$347.2M |
| YoY Change | 100.96% | 102.2% |
| Common Stock | $9.000K | $9.000K |
| YoY Change | 12.5% | 12.5% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $594.7M | $612.8M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.820B | $1.928B |
| YoY Change | 3.2% | 5.82% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$54.47M | -$64.60M |
| YoY Change | 93.4% | -50.02% |
| Depreciation, Depletion And Amortization | $4.500M | $5.632M |
| YoY Change | 2.27% | -12.56% |
| Cash From Operating Activities | $65.30M | $52.62M |
| YoY Change | -59.79% | -169.49% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $2.328M | $684.0K |
| YoY Change | 16.4% | -38.43% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | -$73.77M | -$35.80M |
| YoY Change | 102.12% | 75.53% |
| Cash From Investing Activities | -$76.10M | -$37.55M |
| YoY Change | 98.18% | 45.24% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | 132.3M | -$43.71M |
| YoY Change | -300.72% | -308.44% |
| NET CHANGE | ||
| Cash From Operating Activities | 65.30M | $52.62M |
| Cash From Investing Activities | -76.10M | -$37.55M |
| Cash From Financing Activities | 132.3M | -$43.71M |
| Net Change In Cash | 121.5M | -$28.64M |
| YoY Change | 109.07% | -64.47% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $65.30M | $52.62M |
| Capital Expenditures | $2.328M | $684.0K |
| Free Cash Flow | $62.97M | $51.94M |
| YoY Change | -60.74% | -167.59% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
7132000 | usd |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
10714000 | usd |
| CY2023Q1 | upst |
Fair Value And Other Adjustments Net
FairValueAndOtherAdjustmentsNet
|
52397000 | usd |
| CY2024Q1 | upst |
Fair Value And Other Adjustments Net
FairValueAndOtherAdjustmentsNet
|
50731000 | usd |
| CY2023Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
1100000 | usd |
| CY2024Q1 | us-gaap |
Deposits Assets
DepositsAssets
|
6439000 | usd |
| CY2024Q1 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
62055000 | usd |
| CY2023Q4 | upst |
Long Term And Short Term Debt Gross
LongTermAndShortTermDebtGross
|
1048675000 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Gross
LongTermAndShortTermDebtGross
|
1012760000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
8251000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
7483000 | usd |
| CY2023Q4 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
1040424000 | usd |
| CY2024Q1 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
1005277000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
9100000 | usd |
| CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
7900000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss Statement Of Financial Position Extensible List
FinancingReceivableAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#NotesReceivableNet | |
| CY2023Q4 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss Statement Of Financial Position Extensible List
FinancingReceivableAccruedInterestAfterAllowanceForCreditLossStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#NotesReceivableNet | |
| CY2023Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
45315000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
51171000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-14214000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Expense Net
InterestIncomeExpenseNet
|
-10274000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
102927000 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
127794000 | usd |
| CY2023Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
31438000 | usd |
| CY2024Q1 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
35150000 | usd |
| CY2023Q1 | upst |
Customer Operations Expense
CustomerOperationsExpense
|
40590000 | usd |
| CY2024Q1 | upst |
Customer Operations Expense
CustomerOperationsExpense
|
39408000 | usd |
| CY2023Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
110071000 | usd |
| CY2024Q1 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
63091000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
52663000 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
57613000 | usd |
| CY2023Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
234762000 | usd |
| CY2024Q1 | us-gaap |
Operating Expenses
OperatingExpenses
|
195262000 | usd |
| CY2023Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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| CY2024Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-67468000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2597000 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2884000 | usd |
| CY2023Q1 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-129238000 | usd |
| CY2024Q1 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
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| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
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| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-64598000 | usd |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.58 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.74 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.58 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.74 | |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
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| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
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| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
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| CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
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| CY2023Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
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| CY2023Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
5000 | usd |
| CY2023Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
76767000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
5728000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-129254000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
627208000 | usd |
| CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
635305000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1204000 | usd |
| CY2024Q1 | us-gaap |
Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
|
1000 | usd |
| CY2024Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
36323000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
4565000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-64598000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
612798000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-129254000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
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| CY2023Q1 | us-gaap |
Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
|
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| CY2024Q1 | us-gaap |
Increase Decrease In Finance Receivables
IncreaseDecreaseInFinanceReceivables
|
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| CY2023Q1 | upst |
Increase Decrease In Fair Value Of Servicing Assets
IncreaseDecreaseInFairValueOfServicingAssets
|
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| CY2024Q1 | upst |
Increase Decrease In Fair Value Of Servicing Assets
IncreaseDecreaseInFairValueOfServicingAssets
|
-4286000 | usd |
| CY2023Q1 | upst |
Increase Decrease In Fair Value Of Servicing Liabilities
IncreaseDecreaseInFairValueOfServicingLiabilities
|
-875000 | usd |
| CY2024Q1 | upst |
Increase Decrease In Fair Value Of Servicing Liabilities
IncreaseDecreaseInFairValueOfServicingLiabilities
|
-454000 | usd |
| CY2023Q1 | upst |
Increase Decrease In Fair Value Of Beneficial Interest Assets
IncreaseDecreaseInFairValueOfBeneficialInterestAssets
|
0 | usd |
| CY2024Q1 | upst |
Increase Decrease In Fair Value Of Beneficial Interest Assets
IncreaseDecreaseInFairValueOfBeneficialInterestAssets
|
4481000 | usd |
| CY2023Q1 | upst |
Increase Decrease In Fair Value Of Beneficial Interest Liabilities
IncreaseDecreaseInFairValueOfBeneficialInterestLiabilities
|
0 | usd |
| CY2024Q1 | upst |
Increase Decrease In Fair Value Of Beneficial Interest Liabilities
IncreaseDecreaseInFairValueOfBeneficialInterestLiabilities
|
4973000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
|
482000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Financial Instruments Used In Operating Activities
IncreaseDecreaseInOtherFinancialInstrumentsUsedInOperatingActivities
|
-1551000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
74109000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
35777000 | usd |
| CY2023Q1 | upst |
Gain Loss On Loan Servicing Rights And Sale Of Noncontrolling Interests Net
GainLossOnLoanServicingRightsAndSaleOfNoncontrollingInterestsNet
|
3613000 | usd |
| CY2024Q1 | upst |
Gain Loss On Loan Servicing Rights And Sale Of Noncontrolling Interests Net
GainLossOnLoanServicingRightsAndSaleOfNoncontrollingInterestsNet
|
2946000 | usd |
| CY2023Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
6441000 | usd |
| CY2024Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
5632000 | usd |
| CY2023Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
766000 | usd |
| CY2024Q1 | us-gaap |
Paid In Kind Interest
PaidInKindInterest
|
768000 | usd |
| CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
974000 | usd |
| CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
2539000 | usd |
| CY2023Q1 | us-gaap |
Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
|
510003000 | usd |
| CY2024Q1 | us-gaap |
Payments To Purchase Loans Held For Sale
PaymentsToPurchaseLoansHeldForSale
|
796543000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
449339000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
|
772690000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
57949000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Collection Of Loans Held For Sale
ProceedsFromCollectionOfLoansHeldForSale
|
52841000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
|
0 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Securitizations Of Loans Held For Sale
ProceedsFromSecuritizationsOfLoansHeldForSale
|
12338000 | usd |
| CY2023Q1 | upst |
Payments On Beneficial Interest Liabilities
PaymentsOnBeneficialInterestLiabilities
|
0 | usd |
| CY2024Q1 | upst |
Payments On Beneficial Interest Liabilities
PaymentsOnBeneficialInterestLiabilities
|
710000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-306000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
825000 | usd |
| CY2023Q1 | upst |
Increase Decrease In Operating Lease Liability And Right Of Use Asset
IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset
|
1216000 | usd |
| CY2024Q1 | upst |
Increase Decrease In Operating Lease Liability And Right Of Use Asset
IncreaseDecreaseInOperatingLeaseLiabilityAndRightOfUseAsset
|
-202000 | usd |
| CY2023Q1 | upst |
Increase Decrease In Payable To Investors
IncreaseDecreaseInPayableToInvestors
|
-49730000 | usd |
| CY2024Q1 | upst |
Increase Decrease In Payable To Investors
IncreaseDecreaseInPayableToInvestors
|
6893000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-31325000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
|
-25846000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-75727000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
52622000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
46382000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
|
46152000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
24422000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Principal Repayments On Loans And Leases Held For Investment
ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
|
27242000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
1566000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
1225000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
1111000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
684000 | usd |
| CY2023Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
4347000 | usd |
| CY2024Q1 | us-gaap |
Payments For Software
PaymentsForSoftware
|
1065000 | usd |
| CY2023Q1 | upst |
Acquisition Of Beneficial Interest Assets
AcquisitionOfBeneficialInterestAssets
|
0 | usd |
| CY2024Q1 | upst |
Acquisition Of Beneficial Interest Assets
AcquisitionOfBeneficialInterestAssets
|
16940000 | usd |
| CY2023Q1 | upst |
Payments On Beneficial Interest Assets
PaymentsOnBeneficialInterestAssets
|
0 | usd |
| CY2024Q1 | upst |
Payments On Beneficial Interest Assets
PaymentsOnBeneficialInterestAssets
|
1173000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-25852000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-37547000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
60673000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
74260000 | usd |
| CY2023Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
46962000 | usd |
| CY2024Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
110175000 | usd |
| CY2023Q1 | us-gaap |
Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
|
0 | usd |
| CY2024Q1 | us-gaap |
Repayments Of Accounts Receivable Securitization
RepaymentsOfAccountsReceivableSecuritization
|
13564000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
5728000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
|
4565000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1537000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1204000 | usd |
| CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5000 | usd |
| CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
20971000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-43711000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-80608000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-28636000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
532467000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
467787000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
451859000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
439151000 | usd |
| CY2023Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
7959000 | usd |
| CY2024Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
12463000 | usd |
| CY2023Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-1153000 | usd |
| CY2024Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
88000 | usd |
| CY2023Q1 | upst |
Beneficial Interests Obtained In Connection With Loan Sale
BeneficialInterestsObtainedInConnectionWithLoanSale
|
0 | usd |
| CY2024Q1 | upst |
Beneficial Interests Obtained In Connection With Loan Sale
BeneficialInterestsObtainedInConnectionWithLoanSale
|
13555000 | usd |
| CY2024Q1 | upst |
Unrealized Gain Loss Charge Offs And Other Fair Value Adjustments Net
UnrealizedGainLossChargeOffsAndOtherFairValueAdjustmentsNet
|
-29593000 | usd |
| CY2023Q1 | upst |
Issuance Of Beneficial Interests
IssuanceOfBeneficialInterests
|
0 | usd |
| CY2024Q1 | upst |
Issuance Of Beneficial Interests
IssuanceOfBeneficialInterests
|
4400000 | usd |
| CY2023Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
2658000 | usd |
| CY2024Q1 | us-gaap |
Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
|
546000 | usd |
| CY2023Q4 | us-gaap |
Cash
Cash
|
368405000 | usd |
| CY2024Q1 | us-gaap |
Cash
Cash
|
300529000 | usd |
| CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
99382000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
138622000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
467787000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
439151000 | usd |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-top:12pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the unaudited 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. </span></div><div style="text-align:justify;text-indent:36pt"><span><br/></span></div><div style="text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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) the evaluation for impairment of goodwill. 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.</span></div> | |
| CY2023Q1 | upst |
Realized Gain Loss On Transfer Of Loans Net
RealizedGainLossOnTransferOfLoansNet
|
-7853000 | usd |
| CY2024Q1 | upst |
Realized Gain Loss On Transfer Of Loans Net
RealizedGainLossOnTransferOfLoansNet
|
-7104000 | usd |
| CY2023Q1 | upst |
Gain Loss On Beneficial Interests
GainLossOnBeneficialInterests
|
0 | usd |
| CY2024Q1 | upst |
Gain Loss On Beneficial Interests
GainLossOnBeneficialInterests
|
-14034000 | usd |
| CY2023Q1 | upst |
Fair Value And Other Adjustments Net
FairValueAndOtherAdjustmentsNet
|
52397000 | usd |
| CY2024Q1 | upst |
Fair Value And Other Adjustments Net
FairValueAndOtherAdjustmentsNet
|
50731000 | usd |
| CY2023Q1 | upst |
Interest Income And Fair Value Adjustment Net
InterestIncomeAndFairValueAdjustmentNet
|
-14214000 | usd |
| CY2024Q1 | upst |
Interest Income And Fair Value Adjustment Net
InterestIncomeAndFairValueAdjustmentNet
|
-10274000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Threshold Period Past Due
FinancingReceivableThresholdPeriodPastDue
|
P120D | |
| CY2023Q4 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
|
14200000 | usd |
| CY2023Q1 | upst |
Revenue From Fees Net
RevenueFromFeesNet
|
117141000 | usd |
| CY2024Q1 | upst |
Revenue From Fees Net
RevenueFromFeesNet
|
138068000 | usd |
| CY2023Q4 | upst |
Trailing Fee Liabilities Fair Value Disclosure
TrailingFeeLiabilitiesFairValueDisclosure
|
4300000 | usd |
| CY2024Q1 | upst |
Trailing Fee Liabilities Fair Value Disclosure
TrailingFeeLiabilitiesFairValueDisclosure
|
4200000 | usd |
| CY2023Q4 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
2700000 | usd |
| CY2024Q1 | us-gaap |
Capitalized Contract Cost Net
CapitalizedContractCostNet
|
2400000 | usd |
| CY2023Q1 | upst |
Gain Loss On Servicing Rights And Fair Value Adjustments
GainLossOnServicingRightsAndFairValueAdjustments
|
-990000 | usd |
| CY2024Q1 | upst |
Gain Loss On Servicing Rights And Fair Value Adjustments
GainLossOnServicingRightsAndFairValueAdjustments
|
-886000 | usd |
| CY2023Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
45315000 | usd |
| CY2024Q1 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
51171000 | usd |
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
7132000 | usd |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
10714000 | usd |
| CY2023Q1 | upst |
Unrealized Gain Loss Charge Offs And Other Fair Value Adjustments Net
UnrealizedGainLossChargeOffsAndOtherFairValueAdjustmentsNet
|
-44544000 | usd |
| CY2024Q1 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1189158000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Accrued Interest After Allowance For Credit Loss
FinancingReceivableAccruedInterestAfterAllowanceForCreditLoss
|
12500000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
|
0 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Recoveries Of Loan Previously Charged Off
ProceedsFromRecoveriesOfLoanPreviouslyChargedOff
|
3300000 | usd |
| CY2024Q1 | upst |
Variable Interest Entity Qualitative Or Quantitative Information Number Of Variable Interest Entity
VariableInterestEntityQualitativeOrQuantitativeInformationNumberOfVariableInterestEntity
|
2 | variable_interest_entity |
| CY2023Q4 | upst |
Beneficial Interests Maximum Loss Exposure
BeneficialInterestsMaximumLossExposure
|
98500000 | usd |
| CY2024Q1 | upst |
Beneficial Interests Maximum Loss Exposure
BeneficialInterestsMaximumLossExposure
|
169600000 | usd |
| CY2023Q4 | upst |
Beneficial Interest Asset Unpaid Principal Balance
BeneficialInterestAssetUnpaidPrincipalBalance
|
958870000 | usd |
| CY2023Q4 | upst |
Beneficial Interest Asset
BeneficialInterestAsset
|
41012000 | usd |
| CY2024Q1 | upst |
Beneficial Interest Asset Unpaid Principal Balance
BeneficialInterestAssetUnpaidPrincipalBalance
|
1468186000 | usd |
| CY2024Q1 | upst |
Beneficial Interest Asset
BeneficialInterestAsset
|
62214000 | usd |
| CY2023Q4 | upst |
Beneficial Interest Liability Unpaid Principal Balance
BeneficialInterestLiabilityUnpaidPrincipalBalance
|
769102000 | usd |
| CY2023Q4 | upst |
Beneficial Interest Liabilities
BeneficialInterestLiabilities
|
4221000 | usd |
| CY2024Q1 | upst |
Beneficial Interest Liability Unpaid Principal Balance
BeneficialInterestLiabilityUnpaidPrincipalBalance
|
873191000 | usd |
| CY2024Q1 | upst |
Beneficial Interest Liabilities
BeneficialInterestLiabilities
|
8485000 | usd |
| CY2023Q4 | us-gaap |
Assets Fair Value Disclosure
AssetsFairValueDisclosure
|
1246322000 | usd |
| CY2024Q1 | us-gaap |
Financing Receivable Threshold Period Past Due
FinancingReceivableThresholdPeriodPastDue
|
P120D | |
| CY2024Q1 | us-gaap |
Financing Receivable Threshold Period Past Due Writeoff
FinancingReceivableThresholdPeriodPastDueWriteoff
|
P120D | |
| CY2023Q4 | upst |
Payable To Securitization Note Holders At Fair Value
PayableToSecuritizationNoteHoldersAtFairValue
|
141400000 | usd |
| CY2024Q1 | upst |
Payable To Securitization Note Holders At Fair Value
PayableToSecuritizationNoteHoldersAtFairValue
|
129100000 | usd |
| CY2023Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
28100000 | usd |
| CY2024Q1 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
26800000 | usd |
| CY2023Q4 | us-gaap |
Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
|
2000000 | usd |
| CY2024Q1 | us-gaap |
Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
|
1600000 | usd |
| CY2023Q4 | upst |
Beneficial Interest Asset
BeneficialInterestAsset
|
41000000 | usd |
| CY2024Q1 | upst |
Beneficial Interest Asset
BeneficialInterestAsset
|
62200000 | usd |
| CY2023Q4 | upst |
Beneficial Interest Liabilities
BeneficialInterestLiabilities
|
4200000 | usd |
| CY2024Q1 | upst |
Beneficial Interest Liabilities
BeneficialInterestLiabilities
|
8500000 | usd |
| CY2023Q4 | upst |
Trailing Fee Liability At Fair Value Amount
TrailingFeeLiabilityAtFairValueAmount
|
4300000 | usd |
| CY2024Q1 | upst |
Trailing Fee Liability At Fair Value Amount
TrailingFeeLiabilityAtFairValueAmount
|
4200000 | usd |
| CY2023Q4 | us-gaap |
Goodwill
Goodwill
|
67100000 | usd |
| CY2024Q1 | us-gaap |
Goodwill
Goodwill
|
67100000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
23100000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
11756000 | usd |
| CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
11344000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
23100000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
12825000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10275000 | usd |
| CY2024Q1 | us-gaap |
Adjustment For Amortization
AdjustmentForAmortization
|
1100000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
856000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
1142000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
1142000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
1142000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
1142000 | usd |
| CY2024Q1 | upst |
Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
|
4851000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
10275000 | usd |
| CY2023Q4 | us-gaap |
Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
|
40490000 | usd |
| CY2024Q1 | us-gaap |
Accrued Fees And Other Revenue Receivable
AccruedFeesAndOtherRevenueReceivable
|
40624000 | usd |
| CY2023Q4 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
28092000 | usd |
| CY2024Q1 | us-gaap |
Servicing Asset At Fair Value Amount
ServicingAssetAtFairValueAmount
|
26753000 | usd |
| CY2023Q4 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
17976000 | usd |
| CY2024Q1 | us-gaap |
Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
|
23009000 | usd |
| CY2023Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
18589000 | usd |
| CY2024Q1 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
18196000 | usd |
| CY2023Q4 | us-gaap |
Other Receivables
OtherReceivables
|
14847000 | usd |
| CY2024Q1 | us-gaap |
Other Receivables
OtherReceivables
|
13376000 | usd |
| CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
11356000 | usd |
| CY2024Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
10287000 | usd |
| CY2023Q4 | us-gaap |
Deposits Assets
DepositsAssets
|
8919000 | usd |
| CY2023Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
5958000 | usd |
| CY2024Q1 | us-gaap |
Derivative Assets
DerivativeAssets
|
5950000 | usd |
| CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
146227000 | usd |
| CY2024Q1 | us-gaap |
Other Assets
OtherAssets
|
144634000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
80104000 | usd |
| CY2024Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
82399000 | usd |
| CY2023Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
37449000 | usd |
| CY2024Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
41844000 | usd |
| CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
42655000 | usd |
| CY2024Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
40555000 | usd |
| CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
5400000 | usd |
| CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
4600000 | usd |
| CY2023Q4 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
31300000 | usd |
| CY2024Q1 | us-gaap |
Capitalized Computer Software Net
CapitalizedComputerSoftwareNet
|
29700000 | usd |
| CY2023Q1 | us-gaap |
Capitalized Computer Software Impairments1
CapitalizedComputerSoftwareImpairments1
|
2600000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
0 | usd |
| CY2023Q4 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
28099000 | usd |
| CY2024Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
24609000 | usd |
| CY2023Q4 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
30161000 | usd |
| CY2024Q1 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
10790000 | usd |
| CY2023Q4 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
12613000 | usd |
| CY2024Q1 | us-gaap |
Accounts Payable Current And Noncurrent
AccountsPayableCurrentAndNoncurrent
|
10017000 | usd |
| CY2023Q4 | us-gaap |
Beneficial Interest
BeneficialInterest
|
4221000 | usd |
| CY2024Q1 | us-gaap |
Beneficial Interest
BeneficialInterest
|
8485000 | usd |
| CY2023Q4 | upst |
Trailing Fee Liability At Fair Value Amount
TrailingFeeLiabilityAtFairValueAmount
|
4251000 | usd |
| CY2024Q1 | upst |
Trailing Fee Liability At Fair Value Amount
TrailingFeeLiabilityAtFairValueAmount
|
4244000 | usd |
| CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
2668000 | usd |
| CY2024Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
2325000 | usd |
| CY2023Q4 | us-gaap |
Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
|
2038000 | usd |
| CY2024Q1 | us-gaap |
Servicing Liability At Fair Value Amount
ServicingLiabilityAtFairValueAmount
|
1585000 | usd |
| CY2023Q4 | us-gaap |
Accrued Liabilities And Other Liabilities
AccruedLiabilitiesAndOtherLiabilities
|
84051000 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Maturity Remainder Of Fiscal Year
LongTermAndShortTermDebtMaturityRemainderOfFiscalYear
|
0 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Maturity Year One
LongTermAndShortTermDebtMaturityYearOne
|
104382000 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Maturity Year Two
LongTermAndShortTermDebtMaturityYearTwo
|
908378000 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Maturity Year Three
LongTermAndShortTermDebtMaturityYearThree
|
0 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Maturity Year Four
LongTermAndShortTermDebtMaturityYearFour
|
0 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Maturity After Year Four
LongTermAndShortTermDebtMaturityAfterYearFour
|
0 | usd |
| CY2024Q1 | upst |
Long Term And Short Term Debt Gross
LongTermAndShortTermDebtGross
|
1012760000 | usd |
| CY2020Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
700000000 | shares |
| CY2020Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2023Q4 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
27468577 | shares |
| CY2024Q1 | us-gaap |
Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
|
31173227 | shares |
| CY2022Q1 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
400000000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
222100000 | usd |
| CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
12617254 | shares |
| CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
14.57 | |
| CY2023 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y1M6D | |
| CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
375897000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
1267617 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
25.76 | |
| CY2024Q1 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
351968 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
3.42 | |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
|
7570 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
12.75 | |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
13525333 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
15.91 | |
| CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y3M18D | |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
200870000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
8895830 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
11.10 | |
| CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P4Y10M24D | |
| CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
169666000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
13492091 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
15.87 | |
| CY2024Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P6Y3M18D | |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
200807000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
4000000 | usd |
| CY2023Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
|
9500000 | usd |
| CY2024Q1 | upst |
Annual Target Bonus Opportunity Percentage Of Salary Percent
AnnualTargetBonusOpportunityPercentageOfSalaryPercent
|
0.75 | |
| CY2024Q1 | upst |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Number Of Vesting Tranches
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNumberOfVestingTranches
|
9 | vesting_tranche |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | |
| CY2023Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
74109000 | usd |
| CY2024Q1 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
35777000 | usd |
| CY2024Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
3400000 | usd |
| CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
11231000 | usd |
| CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
15402000 | usd |
| CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
15850000 | usd |
| CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
15474000 | usd |
| CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
6143000 | usd |
| CY2024Q1 | upst |
Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
|
2990000 | usd |
| CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
67090000 | usd |
| CY2024Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
7726000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
59364000 | usd |
| CY2023Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
0 | usd |
| CY2024Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
0 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
4038000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
3542000 | usd |
| CY2023Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
976000 | usd |
| CY2024Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
917000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3665000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3669000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y3M25D | |
| CY2024Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0513 | |
| CY2022Q2 | us-gaap |
Loss Contingency New Claims Filed Number
LossContingencyNewClaimsFiledNumber
|
2 | lawsuit |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
16000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
14000 | usd |
| CY2023Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0001 | |
| CY2024Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
-0.0002 | |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-129254000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-64598000 | usd |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
81911433 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
87030695 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
81911433 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87030695 | shares |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.58 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.74 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-1.58 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.74 | |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
24596844 | shares |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
22304771 | shares |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |
