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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

22.41 0.27 +1.22%
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/S ratio

Alert me on P/S ratio

As of 5 November 2026, Upstart Holdings, Inc. (UPST) trades at a P/S ratio of 1.9×. Over the past ten years it has ranged from 1.0× (December 2022) to 55.2× (September 2021); the current reading is higher than 9% of that period. That is above the Credit Services industry median of 1.0× and below the Financial sector median of 2.3×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 4.0× (53.50%)
FY2024 8.7× 36.72%
FY2023 6.3× 399.69%
FY2022 1.3× (90.91%)
FY2021 13.9× 206.77%
FY2020 4.5× 105.48%
FY2019 2.2× 0.00%
FY2018 2.2× 0.00%
FY2017 2.2× —

Quarterly newest first

Period P/S ratio Change
Sep 2026 1.9× (29.77%)
Jun 2026 2.7× 25.79%
Mar 2026 2.2× (45.74%)
Dec 2025 4.0× (14.33%)
24 more quarters

Against its own ten years

Low 1.0× High 55.2×
Ten-year median 4.8×
Current reading's percentile 9

P/S ratio against peers

Company P/S ratio
ATLC Atlanticus Holdings Corporation compare 0.5×
WU The Western Union Company compare 0.5×
BFH Bread Financial Holdings, Inc. compare 0.8×
EZPW EZCORP, Inc. compare 1.1×
SLM SLM Corporation compare 1.1×
AGM Federal Agricultural Mortgage Corporation compare 1.3×
ECPG Encore Capital Group Inc compare 1.3×
JCAP Jefferson Capital, Inc. compare 1.7×
UPST Upstart Holdings, Inc. 1.9×
Credit Services industry median 1.0×
Financial sector median 2.3×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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