Net Income (Loss) Per Share Attributable to Upstart Holdings, Inc. Common Stockholders (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Net Income Per Share Attributable to Common Stockholders

For periods in which the Company reports net losses, basic and diluted net loss per share are the same because potentially dilutive common shares are not assumed to have been issued if their effect is anti-dilutive.


	Three Months Ended March 31,
		2022		2023
Numerator:
Net income (loss)		$	32,692	$	(129,254)






Denominator:
Weighted-average common shares outstanding used to calculate net income (loss) per share, basic		84,230,445		81,911,433
Weighted-average effect of dilutive securities		11,227,331		—
Weighted-average common shares outstanding used to calculate net income (loss) per share, diluted		95,457,776		81,911,433

Net income (loss) per share, basic		$	0.39	$	(1.58)
Net income (loss) per share, diluted		$	0.34	$	(1.58)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following securities were excluded from the computation of diluted net income (loss) attributable to Upstart Holdings, Inc. common stockholders per share for the periods presented, due to their anti-dilutive effect. These amounts represent the number of instruments outstanding at the end of each respective quarter:


	Three Months Ended March 31,
	2022	2023

Options to purchase common stock	718,911	13,881,292
Unvested RSUs	1,077,703	8,222,931
Unvested PRSUs	687,500	—
Purchase rights committed under the ESPP	2,620	174,543

Convertible debt	2,318,078	2,318,078

Total	4,804,812	24,596,844