Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2022	Dec. 31, 2021
Assets
Cash		$ 790,431	$ 986,608
Restricted cash		123,990	204,633
Loans (at fair value)		623,763	252,477
Property, equipment, and software, net		36,054	24,259
Operating lease right of use assets		90,352	96,118
Non-marketable equity securities		41,000	40,000
Goodwill		67,062	67,062
Intangible assets, net		17,768	19,906
Other assets (includes $26,676 and $39,869 at fair value as of December 31, 2021 and June 30, 2022, respectively)		126,598	129,392
Total assets	[1]	1,917,018	1,820,455
Liabilities:
Accounts payable		22,030	6,563
Payable to investors		105,712	107,598
Borrowings		856,555	695,432
Accrued expenses and other liabilities (includes $13,095 and $11,812 at fair value as of December 31, 2021 and June 30, 2022, respectively)		75,785	103,418
Operating lease liabilities		99,865	100,366
Total liabilities	[1]	1,159,947	1,013,377
Stockholders’ equity:
#REF!		8	8
Additional paid-in capital		688,021	740,849
Retained earnings		69,042	66,221
Total stockholders’ equity		757,071	807,078
Total liabilities and stockholders’ equity		$ 1,917,018	$ 1,820,455

[1] The following table presents information on assets and liabilities related to variable interest entities (“VIEs”) that are consolidated by Upstart Holdings, Inc. at December 31, 2021 and June 30, 2022. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. The holders of the beneficial interests do not have recourse to the general credit of Upstart Holdings, Inc. The assets and liabilities in the table below include third-party assets and liabilities of consolidated VIEs and exclude intercompany balances that eliminate in consolidation. December 31,June 30,20212022AssetsCash $7,700 $1,326 Restricted cash79,561 11,460 Loans (at fair value)245,972 607,830  Other assets (includes $7,571 and $4,310 at fair value as of December 31, 2021 and June 30, 2022, respectively) 8,792 7,253 Total assets$342,025 $627,869 LiabilitiesBorrowings48,536 208,123 Other liabilities 778 3,890 Total liabilities49,314 212,013 Total net assets$292,711 $415,856