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Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Revenue from fees, net $ 116,170 $ 68,013
Interest income and fair value adjustments, net (includes $608 from related parties expense and $4,335 of related parties fair value adjustments for the three months ended March 31, 2020) 5,175 (4,019)
Total revenue 121,345 63,994
Operating expenses:    
Sales and marketing 49,376 35,952
Customer operations 17,388 8,811
Engineering and product development 18,988 7,018
General, administrative, and other 20,019 11,660
Total operating expenses 105,771 63,441
Income from operations 15,574 553
Other income (expense) (5,233) 150
Income (expense) on warrants and other non-operating expenses, net (18) 289
Net income before income taxes 10,323 992
Provision for income taxes 221 0
Net income before attribution to noncontrolling interests 10,102 992
Net loss attributable to noncontrolling interests 0 (488)
Net income attributable to Upstart Holdings, Inc. common stockholders $ 10,102 $ 1,480
Net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in dollars per share) $ 0.14 $ 0
Net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in dollars per share) $ 0.11 $ 0
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, basic (in shares) 73,629,122 14,625,267
Weighted-average number of shares outstanding used in computing net income per share attributable to Upstart Holdings, Inc. common stockholders, diluted (in shares) 91,449,571 14,625,267