stockrowUpstart 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
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Upstart Holdings, Inc. (UPST) Gross margin
Upstart Holdings, Inc.'s gross margin over the twelve months to 30 September 2026 was 82.3%, up 0.3 percentage points from fiscal 2025 (82.0%). Over the past ten years it has ranged from 0.00% (fiscal 2017) to 86.1% (fiscal 2021); the current reading is higher than 56% of that period. That is above the Credit Services industry median of 76.6% and above the Financial sector median of 70.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 82.0% | 6.77 |
| FY2024 | 75.2% | 4.47 |
| FY2023 | 70.7% | (6.97) |
| FY2022 | 77.7% | (8.46) |
| FY2021 | 86.1% | 2.24 |
| FY2020 | 83.9% | (0.91) |
| FY2019 | 84.8% | 0.33 |
| FY2018 | 84.5% | 84.48 |
| FY2017 | 0.00% | — |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 82.0% | (1.16) |
| Jun 2026 | 83.2% | 1.07 |
| Mar 2026 | 82.1% | 1.01 |
| Dec 2025 | 81.1% | (1.80) |
| 24 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| BFH Bread Financial Holdings, Inc. compare | 100.0% |
| ECPG Encore Capital Group Inc compare | 100.0% |
| ATLC Atlanticus Holdings Corporation compare | 83.3% |
| UPST Upstart Holdings, Inc. | 82.3% |
| JCAP Jefferson Capital, Inc. compare | 64.5% |
| SLM SLM Corporation compare | 62.0% |
| EZPW EZCORP, Inc. compare | 58.6% |
| WU The Western Union Company compare | 34.1% |
| AGM Federal Agricultural Mortgage Corporation compare | 25.9% |
| Credit Services industry median | 76.6% |
| Financial sector median | 70.1% |
| Market median | 45.1% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
More on UPST
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement