Upstart Holdings, Inc.
UPST Nasdaq· Finance Services
Last close · Oct 23, 2026
$23.78
KIRA · Stoqly’s AI analyst, in plain words
- Upstart Holdings, Inc. had $1.0B of revenue in fiscal 2025, up 64.0% on the year before. Over five years, revenue changed +34.9% a year on average.
- Its operating margin was 4.1%, up 31.2 pts: of every 100 in sales, about 4 is left after running the business.
- Upstart Holdings, Inc. made $53.6M of net profit in fiscal 2025.
- Free cash flow was −$148M in fiscal 2025, −14.2% of revenue.
Market cap
$2.6B
P/E
45.7x
Revenue
$1.0B
Net income
$53.6M
Free cash flow
−$148M
Operating margin
4.1%
Upstart Holdings, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+64.0%
Yes. Sales grew 64.0% last year.
Does it make a profit?
5.1%
A little. It keeps 5.1% of every sale as profit.
Does profit turn into cash?
−14.2%
No. It spent more cash than it brought in.
How is the share priced?
45.7x
One share costs 45.7 times its yearly profit per share.
What Upstart Holdings, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 10, 2026
- Legal name
- Upstart Holdings, Inc.
- CIK
- 0001647639
Upstart Holdings, Inc. · UPST
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $849M | $842M | $514M | $637M | $1.0B |
| Revenue growth | 263.6% | −0.7% | −39.0% | 23.9% | 64.0% |
| Net interest income | $47.3M | −$64.8M | −$46.9M | $1.1M | $93.8M |
| Operating margin | 16.6% | −13.5% | −50.0% | −27.2% | 4.1% |
| Net income | $135M | −$109M | −$240M | −$129M | $53.6M |
| Net margin | 16.0% | −12.9% | −46.8% | −20.2% | 5.1% |
| Diluted EPS | $1.43 | −$1.31 | −$2.87 | −$1.44 | $0.45 |
| Cash | |||||
| Cash from operations | $168M | −$658M | −$112M | $186M | −$148M |
| Capital expenditure | $8.4M | $8.8M | $1.5M | $0.8M | $0.3M |
| Free cash flow | $160M | −$667M | −$113M | $185M | −$148M |
| FCF margin | 18.8% | −79.1% | −22.0% | 29.1% | −14.2% |
| Share buybacks | $0.0M | $178M | $0.0M | $0.0M | — |
| Share count change | 441.1% | −12.7% | 1.2% | 6.8% | 20.2% |
| Debt and strength | |||||
| Cash and short-term investments | $1.2B | $532M | $368M | $788M | $652M |
| Shareholders' equity | $807M | $672M | $635M | $633M | $799M |
| Interest coverage | 43.0x | −10.5x | −7.4x | — | — |
| Returns and quality | |||||
| Return on equity | 24.5% | −14.7% | −36.7% | −20.3% | 7.5% |
| Return on tangible equity | 18.8% | −18.4% | −43.1% | −23.1% | 7.4% |
Insiders bought, 12 months
$11.6M
2 insiders
Insiders sold, 12 months
$7.4M
5 insiders
Of sales under plans
15%
$1.1M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Upstart Holdings, Inc. · UPST
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $23.78 a share, the company is worth $2.6B: 45.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001647639). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.