As of Q4'25, UPST reported Operating Cash Flow of $108.55M and Free Cash Flow of $104.63M, marking a significant positive shift compared to the previous quarter’s negative figures. This latest data point highlights a strong recovery in both cash flow metrics at the end of the period covered. Analyzing the data from Q1'23 to Q4'25, both Operating and Free Cash Flow for UPST have exhibited considerable volatility, with frequent swings between positive and negative values. Notable peaks occurred in Q2'23 and Q3'24, while substantial declines were seen in Q4'23, Q4'24, and throughout most of 2025 until the sharp rebound in Q4'25. Overall, the chart reflects an unstable cash flow trend, but the strong finish in Q4'25 may indicate improving financial stability.