XML 32 R22.htm IDEA: XBRL DOCUMENT v3.21.1

Net Income Per Share Attributable to Upstart Holdings, Inc. Common Stockholders

3 Months Ended

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

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for earnings per share.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-URI http://asc.fasb.org/topic&trid=2144383

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

+ Details

Name:	us-gaap_EarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration