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Friday 6 November 2026 Export UPST’s income statement to Excel — free account

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

21.98 0.16 −0.72%
Market cap
$2.2B
P/E
38.2×
Fwd P/E
33.9×
Dividend yield
—
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Upstart Holdings, Inc. (UPST) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Upstart Holdings, Inc. (UPST) trades at a P/B ratio of 2.7×. Over the past ten years it has ranged from 0.0× (December 2020) to 43.1× (October 2021); the current reading is higher than 12% of that period. That is above the Credit Services industry median of 1.2× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 4.7× (45.59%)
FY2024 8.7× 70.01%
FY2023 5.1× 222.44%
FY2022 1.6× (89.16%)
FY2021 14.6× 314.91%
FY2020 3.5× —
FY2019 0.0× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.8× (35.15%)
Jun 2026 4.3× 26.56%
Mar 2026 3.4× (28.36%)
Dec 2025 4.7× (29.30%)
24 more quarters

Against its own ten years

Low 0.0× High 43.1×
Ten-year median 4.8×
Current reading's percentile 11

P/B ratio against peers

Company P/B ratio
BFH Bread Financial Holdings, Inc. compare 1.1×
EZPW EZCORP, Inc. compare 1.5×
SLM SLM Corporation compare 1.6×
AGM Federal Agricultural Mortgage Corporation compare 1.7×
ATLC Atlanticus Holdings Corporation compare 1.8×
JCAP Jefferson Capital, Inc. compare 2.4×
WU The Western Union Company compare 2.4×
ECPG Encore Capital Group Inc compare 2.5×
UPST Upstart Holdings, Inc. 2.7×
Credit Services industry median 1.2×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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