Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2022	Dec. 31, 2021
Assets
Cash		$ 422,411	$ 986,608
Restricted cash		110,056	204,633
Loans (at fair value)		1,010,421	252,477
Property, equipment, and software, net		44,168	24,259
Operating lease right of use assets		86,335	96,118
Non-marketable equity securities		41,250	40,000
Goodwill		67,062	67,062
Intangible assets, net		15,631	19,906
Other assets (includes $18,388 and $42,648 at fair value as of December 31, 2021 and December 31, 2022, respectively)		138,720	129,392
Total assets	[1]	1,936,054	1,820,455
Liabilities:
Accounts payable		18,715	6,563
Payable to investors		90,777	107,598
Borrowings		986,394	695,432
Accrued expenses and other liabilities (includes $13,095 and $8,820 at fair value as of December 31, 2021 and December 31, 2022, respectively)		66,946	103,418
Operating lease liabilities		100,787	100,366
Total liabilities	[1]	1,263,619	1,013,377
Stockholders’ equity:
Common stock, $0.0001 par value; 700,000,000 shares authorized; 83,659,665 and 81,259,676 shares issued and outstanding as of December 31, 2021 and December 31, 2022, respectively		8	8
Additional paid-in capital		714,871	740,849
Retained earnings (accumulated deficit)		(42,444)	66,221
Total stockholders’ equity		672,435	807,078
Total liabilities and stockholders’ equity		$ 1,936,054	$ 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 December 31, 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,December 31,20212022AssetsCash$7,700 $838 Restricted cash79,561 13,147 Loans (at fair value)245,972 958,822  Other assets (includes $7,571 and $2,244 at fair value as of December 31, 2021 and December 31, 2022, respectively) 8,792 11,674 Total assets$342,025 $984,481 LiabilitiesBorrowings$48,536 $336,452 Accrued expenses and other liabilities778 1,378 Total liabilities49,314 337,830 Total net assets$292,711 $646,651