Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Mar. 31, 2023	Dec. 31, 2022
Assets
Cash		$ 386,942	$ 422,411
Restricted cash		64,917	110,056
Loans (at fair value)		982,229	1,010,421
Property, equipment, and software, net		46,977	44,168
Operating lease right of use assets		83,382	86,335
Non-marketable equity securities		41,250	41,250
Goodwill		67,062	67,062
Intangible assets, net		14,562	15,631
Other assets (includes $42,648 and $44,096 at fair value as of December 31, 2022 and March 31, 2023, respectively)		134,399	138,720
Total assets	[1]	1,821,720	1,936,054
Liabilities:
Accounts payable		6,553	18,715
Payable to investors		41,047	90,777
Borrowings		1,000,871	986,394
Accrued expenses and other liabilities (includes $8,820 and $7,591 at fair value as of December 31, 2022 and March 31, 2023, respectively)		46,991	66,946
Operating lease liabilities		99,050	100,787
Total liabilities	[1]	1,194,512	1,263,619
Stockholders’ equity:
Common stock, $0.0001 par value; 700,000,000 shares authorized; 81,259,676 and 82,600,748 shares issued and outstanding as of December 31, 2022 and March 31, 2023, respectively		8	8
Additional paid-in capital		798,898	714,871
Accumulated deficit		(171,698)	(42,444)
Total stockholders’ equity		627,208	672,435
Total liabilities and stockholders’ equity		$ 1,821,720	$ 1,936,054

[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, 2022 and March 31, 2023. 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,March 31,20222023AssetsCash$838 $13,802 Restricted cash13,147 18,401 Loans (at fair value)958,822 952,445  Other assets (includes $2,244 and $1,456 at fair value as of December 31, 2022 and March 31, 2023, respectively) 11,674 11,209 Total assets$984,481 $995,857 LiabilitiesBorrowings$336,452 $350,164 Accrued expenses and other liabilities1,378 1,314 Total liabilities337,830 351,478 Total net assets$646,651 $644,379