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Friday 6 November 2026
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Upstart Holdings, Inc.
UPST Financial Credit Services
Upstart Holdings, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.0 billion, up 64.0% from fiscal 2024.
- Revenue
- −25.2%
- EPS
- −0.30%
- Free cash flow
- +107.6%
- Total debt
- −1.43%
Quarter to September 2026, against a year earlier
21.90
0.24
−1.08%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '18 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
5 | 7 | 2 | 1 | 7 | — | — | — | — |
P/E ratio |
85.38 | 0.00 | 0.00 | 0.00 | 88.48 | 117.13 | 95.56 | 95.56 | 95.56 |
P/S ratio |
4.02 | 8.65 | 6.33 | 1.27 | 13.93 | 4.54 | 2.21 | 2.21 | 2.21 |
P/FCF ratio |
0.00 | 31.23 | 0.00 | 0.00 | 77.12 | 104.99 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
29.58 | (49.65) | (22.32) | (4.52) | (1,060.43) | 15.47 | 24.46 | 24.46 | 24.46 |
P/B ratio |
4.73 | 8.70 | 5.12 | 1.59 | 14.64 | 3.53 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
5.12 | 9.73 | 5.72 | 1.76 | 16.41 | 3.53 | 0.00 | 0.00 | 0.00 |
EV/Sales |
4.72 | 9.26 | 7.36 | 1.76 | 13.29 | 3.47 | 2.23 | 2.23 | 2.23 |
EV/EBITDA |
73.08 | 0.00 | 0.00 | 0.00 | 76.01 | 57.74 | 85.30 | 85.30 | 85.30 |
EV/Operating CF |
(33.37) | 31.62 | (33.85) | (2.25) | 67.01 | 51.66 | (20.60) | (20.60) | (20.60) |
EV/FCF |
(29.68) | 33.41 | (30.55) | (2.17) | 73.62 | 80.35 | (14.22) | (14.22) | (14.22) |
Quick Ratio |
0.51 | 0.60 | 0.39 | 0.49 | 1.35 | 1.98 | 0.29 | 0.31 | — |
Current Ratio |
0.51 | 0.60 | 0.39 | 0.49 | 1.35 | 2.10 | 0.41 | 0.33 | — |
Net Debt/EBITDA |
10.83 | (2.53) | (2.29) | (4.11) | (3.61) | (17.71) | (10.14) | (0.78) | 0.00 |
Debt/Assets |
61.49% | 59.24% | 51.58% | 50.95% | 38.20% | 13.12% | 30.14% | 0.00% | 0.00% |
Debt/Equity |
2.29 | 2.21 | 1.64 | 1.47 | 0.86 | 0.21 | 1.18 | 0.00 | — |
Asset Turnover |
0.39 | 0.29 | 0.26 | 0.45 | 0.74 | 0.54 | 0.83 | 0.00 | 0.00 |
Operating CF/Net income |
(2.76) | (1.45) | 0.47 | 6.05 | 1.24 | 2.62 | (67.77) | (4.09) | (1.34) |
Capex/Depreciation |
(0.74) | (0.49) | (0.49) | (1.70) | (2.00) | (2.46) | (6.82) | (3.32) | 0.00 |
| 7.49% | (20.27%) | (36.72%) | (14.69%) | 24.46% | 5.02% | 0.72% | 18.95% | 0.00% | |
| 2.01% | (5.87%) | (12.15%) | (5.79%) | 11.79% | 1.37% | (0.24%) | 0.00% | 0.00% | |
ROIC |
1.74% | (10.61%) | (13.74%) | (6.56%) | 32.46% | 14.27% | (2.05%) | (83.03%) | — |
Return on Tangible Assets |
(5.29%) | 20.51% | 31.28% | 19.94% | 39.55% | 3.27% | 0.30% | 4.67% | 0.00% |
Average Days of Receivables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Research and Development Expense of Revenue |
24.68% | 39.85% | 54.55% | 28.16% | 15.79% | 16.62% | 11.44% | 8.47% | 9.29% |
Selling, General and Administrative Expense of Revenue |
53.19% | 62.49% | 66.11% | 63.04% | 53.75% | 62.24% | 76.16% | 84.03% | 103.70% |
Intangible Assets out of Total Assets |
0.02 | 0.03 | 0.03 | 0.03 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
12.64% | 20.96% | 34.08% | 14.95% | 8.62% | 4.93% | 2.32% | 2.06% | 0.00% |
Graham Net Nets |
(0.27) | (0.13) | (0.27) | (0.65) | 0.02 | 0.14 | 0.31 | 0.31 | 0.31 |
Graham Number |
10.32 | 0.00 | 0.00 | 0.00 | 19.94 | 9.51 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
1.17% | (2.37%) | (7.47%) | (10.32%) | 1.13% | 0.85% | 1.05% | 1.05% | 1.05% |
Free Cash Flow Yield |
(3.96%) | 3.20% | (3.81%) | (63.81%) | 1.30% | 0.95% | (7.10%) | (7.10%) | (7.10%) |
Revenue per Share |
10.87 | 7.12 | 6.13 | 10.18 | 10.86 | 13.33 | 11.45 | 7.03 | 0.78 |
Operating CF per Share |
(1.54) | 2.08 | (1.33) | (7.95) | 2.16 | 0.90 | 2.20 | 3.56 | 0.14 |
Capex per Share |
(0.19) | (0.11) | (0.14) | (0.28) | (0.19) | (0.32) | (0.37) | (0.07) | 0.00 |
Free Cash Flow per Share |
(1.73) | 1.97 | (1.48) | (8.22) | 1.96 | 0.58 | 1.83 | 3.49 | 0.14 |
Cash per Share |
11.44 | 11.38 | 6.08 | 6.93 | 15.76 | 17.78 | 5.59 | 8.64 | 0.00 |
Shareholders Equity per Share |
8.32 | 7.08 | 7.58 | 8.12 | 10.33 | 17.14 | 7.04 | 0.00 | 0.00 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
8.32 | 7.08 | 7.58 | 8.12 | 10.33 | 17.14 | 7.04 | 0.00 | 0.00 |
Free Cash Flow |
(166.13) | 176.34 | (123.80) | (680.77) | 153.24 | 10.09 | 26.30 | 49.29 | 10.36 |
Working Capital |
(1,056.58) | (665.95) | (810.43) | (589.11) | 318.23 | 172.84 | (161.36) | (266.00) | — |
Capital Expenditures |
(18.41) | (9.99) | (12.09) | (22.91) | (15.11) | (5.60) | (5.28) | (1.04) | (0.77) |
Net Current Asset Value |
(1,077.73) | (716.23) | (872.76) | (689.90) | 217.86 | 153.40 | (178.42) | 131.00 | — |
EV/EBIT |
115.65 | 0.00 | 0.00 | 0.00 | 80.08 | 68.92 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.02 | 0.03 | 0.01 | 0.00 |
Price to Operating Income |
98.51 | 0.00 | 0.00 | 0.00 | 83.88 | 90.06 | 0.00 | 0.00 | 0.00 |
| Other line items | |||||||||
Depreciation/Fixed assets |
0.56 | 0.53 | 0.58 | 0.31 | 0.31 | 0.23 | 0.13 | 0.16 | 0.00 |
Cash ROIC |
(4.46%) | 5.78% | (5.67%) | (30.49%) | 5.61% | 1.50% | 8.78% | 19.72% | 0.00% |
Accounts Receivable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Accounts Payable Turnover |
0.00 | 0.00 | 9.60 | 14.87 | 11.56 | 3.70 | 5.22 | 7.81 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 36.34 | 20.37 | 133.79 | 95.96 | 71.03 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Payables |
— | — | 15.66 | 12.64 | 10.17 | 10.17 | 4.78 | 1.97 | 1.97 |
Average Assets |
2,670.88 | 2,192.03 | 1,976.58 | 1,878.25 | 1,148.86 | 435.36 | 196.73 | 0.00 | — |
Average Common Equity |
716.02 | 634.26 | 653.87 | 739.76 | 553.67 | 119.28 | (64.34) | (65.00) | — |
Columns are period end dates · fundamentals updated 5 Nov 2026