Investor Presentaiton
Loans Held on Balance sheet
Fair Value (in millions, except ratios)
Q1'23
Q4'22
Q1'22
Testing and Evaluation (R&D)¹
$493
$492
$445
Auto
Other
$401
$398
$230
$92
$94
$215
Core Personal
$489
$518
$153
Total
$982
$1,010
$598
1.
"R&D Loans" are loans that were originated on our platform that we hold on our balance sheet for research and development purposes, including to test and evaluate the accuracy of our Al models for these loans. R&D Loans are primarily our auto refinance and auto retail loan products,
personal loan products held by new categories of borrowers, and other new unsecured loan products. R&D Loans are not yet part of our established capital markets programs or other loan funding programs with institutional investors.
Upstart
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