Upstart Holdings (UPST) Revenue by Segment

Breaks down revenue by different business segments, revealing which areas are driving growth and contributing most to the company's financial performance.

Upstart’s revenue mix has shifted decisively toward fee-driven growth while net interest income recovered from multi-quarter fair‑value headwinds to meaningful positive contributions — a reversal fueled by stronger third‑party funding and tighter ABS spreads. Fee momentum and rising take‑rates are driving the return to GAAP profitability, but NII and secured-product margins remain highly sensitive to UMI and funding dynamics; management’s guidance assumes these improvements persist and secured products hit breakeven by Q4, so monitor UMI and capital renewals closely.