Upstart Holdings, Inc. (UPST) Financial Analysis

In short

Upstart Holdings, Inc. (UPST) has revenue up 64.0% to $1.0B and net income up 141.7% to $53.6M year on year. Its net margin is 5.1%, and it trades at 48.4× trailing earnings. Fisclear flags 1 medium-severity risk and no high-severity ones. How we calculate this

Valuation

Financial Services

Live · Yahoo Finance

Price

$23.85

Market Cap

$2.3B

P/E (TTM)

47.7x

Price ÷ earnings per share

P/B

2.9x

Price ÷ book value

P/S (TTM)

1.8x

Price ÷ revenue per share

EV / EBITDA

33.9x

Beta

2.43

High volatility vs market

52-Week Range

$22.21$23.85 now$55.22

Decision Context

Altman Z-Score indicates financial distress risk. Review debt levels and cash runway before any position sizing decision.

Based on filing period ending Jun 2026

FisclearScore is a quantitative model using public financial data and sector median benchmarks (refreshed monthly). Not financial advice. Always conduct independent due diligence.

UPST vs

Macro Context

Fed Funds Rate

3.75%

Accommodative

10-Year Treasury

4.99%

2026-09-01

Unemployment

4.2%

Near full employment

CPI Index

334.1

2026-08-01

M2 Money Supply

$23.3T

2026-08-01

The Federal Funds rate stands at 3.75% — a moderately elevated rate environment that raises borrowing costs across the economy; 10-year Treasury yields are at 4.99%, setting the benchmark for long-term corporate borrowing; Unemployment stands at 4.2%; Industrial production index is at 103.1; M2 money supply is $23.3T; CPI index stands at 334.1.

SWOT Analysis — UPST

Inflationary Boom

Macro lens (Inflationary Boom): Rising costs and tighter margins amplify financial risks in this regime.

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Strengths

Net Income: $53.6M (+141.7% YoY) — Profit grew 142% — the company kept more of each dollar earned.
EPS (Diluted): $0.45 (+131.3% YoY) — Earnings per share rose 131% — each share earned more.
Revenue: $1.0B (+64.0% YoY) — Revenue grew 64% — the company sold more goods or services than the prior year.
Total Assets: $3.0B (+25.7% YoY) — Total assets grew 26% — the company's resource base expanded.

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Weaknesses

Operating Cash Flow: -$147.7M (-179.3% YoY) — Negative operating cash flow — the business consumed more cash than it produced from operations.
Beta of 2.43x — this stock moves significantly more than the broader market, amplifying both gains and drawdowns.

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Opportunities

No clear opportunities identified at this time.

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Threats

Stock is within 10% of its 52-week low (22.55) — the market may be pricing in significant risk or sector weakness.

Year-over-Year Changes

Operating Cash Flow

-$147.7M

was $186.3M

−179.3%

Negative operating cash flow — the business consumed more cash than it produced from operations.

Net Income

$53.6M

was -$128.6M

+141.7%

Profit grew 142% — the company kept more of each dollar earned.

EPS (Diluted)

$0.45

was $-1.44

+131.3%

Earnings per share rose 131% — each share earned more.

Revenue

$1.0B

was $636.5M

+64.0%

Revenue grew 64% — the company sold more goods or services than the prior year.

Total Assets

$3.0B

was $2.4B

+25.7%

Total assets grew 26% — the company's resource base expanded.

Risk Flags

0 high · 1 medium · 1 low

◈ Medium
Stock is within 10% of its 52-week low (22.55) — the market may be pricing in significant risk or sector weakness.
○ Low
Beta of 2.43x — this stock moves significantly more than the broader market, amplifying both gains and drawdowns.

Technical Signals

Daily closes · 1-year data

Upstart Holdings, Inc.: common questions

Is Upstart Holdings, Inc. profitable?

Yes. Upstart Holdings, Inc. made a net profit of $54M in its latest fiscal year (fiscal 2025), a net margin of 5.1%.

Is Upstart Holdings, Inc.'s revenue growing?

Yes. Revenue grew 64.0% year on year, to $1.0B.

What is Upstart Holdings, Inc.'s P/E ratio?

Upstart Holdings, Inc. trades at 47.7× its trailing twelve-month earnings. In other words, the share price is about 48 times the profit per share the company earned over the past year.

Does Upstart Holdings, Inc. pay a dividend?

No dividend is currently expected from Upstart Holdings, Inc., according to the latest market data.

What are the main risks for Upstart Holdings, Inc.?

Fisclear's checks flag 1 medium- or high-severity risk. The most serious: Stock is within 10% of its 52-week low (22.55) — the market may be pricing in significant risk or sector weakness.

Answers are generated from the figures in this report (updated 9 Oct 2026). Information, not investment advice.