Condensed Consolidated Balance Sheets - USD ($) $ in Thousands		Jun. 30, 2024	Dec. 31, 2023
Assets
Cash		$ 374,791	$ 368,405
Restricted cash		185,827	99,382
Loans (at fair value)	[1]	820,628	1,156,413
Property, equipment, and software, net		39,728	42,655
Operating lease right of use assets		49,144	54,694
Beneficial interest assets (at fair value)		97,804	41,012
Non-marketable equity securities		41,250	41,250
Goodwill		67,062	67,062
Other assets (includes $48,897 and $50,860 at fair value as of December 31, 2023 and June 30, 2024, respectively)		143,990	146,227
Total assets	[2]	1,820,224	2,017,100
Liabilities:
Payable to investors		65,502	53,580
Borrowings		912,727	1,040,424
Payable to securitization note holders (at fair value)		113,652	141,416
Accrued expenses and other liabilities (includes $10,510 and $16,663 at fair value as of December 31, 2023 and June 30, 2024, respectively)		77,259	84,051
Operating lease liabilities		56,374	62,324
Total liabilities	[2]	1,225,514	1,381,795
Stockholders’ equity:
Common stock, $0.0001 par value; 700,000,000 shares authorized; 86,330,303 and 89,084,180 shares issued and outstanding as of December 31, 2023 and June 30, 2024, respectively		9	9
Additional paid-in capital		996,345	917,872
Accumulated deficit		(401,644)	(282,576)
Total stockholders’ equity		594,710	635,305
Total liabilities and stockholders’ equity		$ 1,820,224	$ 2,017,100

[1] Includes $179.1 million and $135.1 million of loans, at fair value, contributed as collateral for the consolidated securitization as of December 31, 2023 and June 30, 2024, respectively. Refer to “Note 6. Fair Value Measurement” for details.

[2] 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, 2023 and June 30, 2024. The assets in the table below may only be used to settle obligations of consolidated VIEs and are in excess of those obligations. The liabilities in the table below include liabilities for which creditors 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 30,20232024AssetsCash$1,603 $524 Restricted cash23,450 61,084 Loans (at fair value)1,147,423 803,111  Other assets (includes $5,958 and $5,123 at fair value as of December 31, 2023 and June 30, 2024, respectively) 22,917 18,136 Total assets$1,195,393 $882,855 LiabilitiesPayable to investors$121 $14 Borrowings387,440 258,203 Payable to securitization note holders (at fair value)141,416 113,652 Accrued expenses and other liabilities1,975 3,036 Total liabilities530,952 374,905 Total net assets$664,441 $507,950