The latest data point for UPST's cash flow in Q1'26 shows no activity, with Operating Cash Flow at $0 and Free Cash Flow at $0, indicating a period of stasis following the positive $108.6M Operating Cash Flow and $104.6M Free Cash Flow in Q4'25. Over the period from Q2'23 to Q1'26, UPST's cash flows exhibit high volatility, starting with a strong $162.4M Operating Cash Flow in Q2'23 before plunging to negative territory in Q3'23 (-$103.4M) and Q4'23 (-$143.7M), then recovering sharply to a peak of $179.3M in Q3'24. Subsequent quarters saw renewed declines, including a low of -$134.9M Operating Cash Flow in Q1'25 and -$122.6M in Q3'25, with a brief rebound to positive in Q4'25 before flattening to zero in Q1'26; Free Cash Flow mirrors this pattern closely but with slightly lower magnitudes, highlighting ongoing operational challenges and inconsistent liquidity generation for the company.