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Net Income Per Share Attributable to Upstart Holdings, Inc. Common Stockholders | 3 Months Ended
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Mar. 31, 2021
Earnings Per Share [Abstract] |
Net Income Per Share Attributable to Upstart Holdings, Inc. Common Stockholders | Net Income Per Share Attributable to Upstart Holdings, Inc. Common Stockholders Basic net income per common share attributable to Upstart Holdings, Inc.’s common stockholders is based on the weighted-average common shares outstanding during the relevant period. Diluted net income per common share attributable to Upstart Holdings, Inc.’s common stockholders is based on the weighted-average common shares outstanding during the relevant period adjusted for the dilutive effect of share-based awards.
|  |  | Three Months Ended March 31,
|  |  | 2020 |  | 2021
Numerator: |  |  |  |  |
Net income attributable to Upstart Holdings, Inc. common stockholders |  |  | $ | 1,480 |  |  | $ | 10,102 |
Less: noncumulative dividends to preferred stockholders |  |  | (1,480) |  |  | — |
Net income attributable to common stockholders, basic and diluted |  |  | $ | — |  |  | $ | 10,102 |
Denominator: |  |  |  |  |
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, basic |  |  | 14,625,267 |  |  | 73,629,122 |
Weighted-average effect of dilutive securities |  |  | — |  |  | 17,820,449 |
Weighted-average common shares outstanding used to calculate net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted |  |  | 14,625,267 |  |  | 91,449,571 |
Net income per share attributable to Upstart Holdings, Inc. common stockholders, basic |  |  | $ | — |  |  | $ | 0.14 |
Net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted |  |  | $ | — |  |  | $ | 0.11 |
The following securities were excluded from the computation of diluted net income per share attributable to Upstart Holdings, Inc. common stockholders for the periods presented, because including them would have been anti-dilutive for the three months ended March 31, 2020.
|  |  | Three Months Ended March 31,
|  |  | 2020 |  | 2021
Convertible preferred stock |  |  | 47,349,577 |  |  | — |
Options to purchase common stock |  |  | 18,087,958 |  |  | 617,424 |
Unvested RSUs |  |  | — |  |  | 737,682 |
Warrants to purchase convertible preferred stock |  |  | 600,208 |  |  | — |
Warrants to purchase common stock |  |  | 319,669 |  |  | — |
Total |  |  | 66,357,412 |  |  | 1,355,106 |

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