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UPSTART HOLDINGS INC (UPST) Stock Fundamental Analysis

USA - NASDAQ:UPST - US91680M1071 - Common Stock

47.52 USD
+2.56 (+5.69%)
Last: 10/31/2025, 8:17:49 PM
47.68 USD
+0.16 (+0.34%)
After Hours: 10/31/2025, 8:17:49 PM
Fundamental Rating

3

Overall UPST gets a fundamental rating of 3 out of 10. We evaluated UPST against 55 industry peers in the Consumer Finance industry. UPST may be in some trouble as it scores bad on both profitability and health. UPST is valued quite expensive, but it does show an excellent growth.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year UPST was profitable.
UPST had a negative operating cash flow in the past year.
In multiple years UPST reported negative net income over the last 5 years.
In multiple years UPST reported negative operating cash flow during the last 5 years.
UPST Yearly Net Income VS EBIT VS OCF VS FCFUPST Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 -200M -400M -600M

1.2 Ratios

UPST has a worse Return On Assets (-0.26%) than 78.18% of its industry peers.
UPST has a worse Return On Equity (-0.88%) than 76.36% of its industry peers.
Industry RankSector Rank
ROA -0.26%
ROE -0.88%
ROIC N/A
ROA(3y)-7.65%
ROA(5y)-2.85%
ROE(3y)-24.75%
ROE(5y)-11.1%
ROIC(3y)N/A
ROIC(5y)N/A
UPST Yearly ROA, ROE, ROICUPST Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 10 -10 -20 -30

1.3 Margins

The Gross Margin of UPST (80.43%) is better than 74.55% of its industry peers.
In the last couple of years the Gross Margin of UPST has declined.
The Profit Margin and Operating Margin are not available for UPST so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 80.43%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.44%
GM growth 5Y-2.38%
UPST Yearly Profit, Operating, Gross MarginsUPST Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

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3

2. Health

2.1 Basic Checks

UPST does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for UPST has been increased compared to 1 year ago.
The number of shares outstanding for UPST has been increased compared to 5 years ago.
The debt/assets ratio for UPST is higher compared to a year ago.
UPST Yearly Shares OutstandingUPST Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
UPST Yearly Total Debt VS Total AssetsUPST Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B 2B

2.2 Solvency

UPST has an Altman-Z score of 1.60. This is a bad value and indicates that UPST is not financially healthy and even has some risk of bankruptcy.
UPST has a Altman-Z score of 1.60. This is in the better half of the industry: UPST outperforms 69.09% of its industry peers.
UPST has a Debt/Equity ratio of 1.98. This is a high value indicating a heavy dependency on external financing.
UPST has a Debt to Equity ratio (1.98) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity 1.98
Debt/FCF N/A
Altman-Z 1.6
ROIC/WACCN/A
WACC9.91%
UPST Yearly LT Debt VS Equity VS FCFUPST Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B

2.3 Liquidity

UPST has a Current Ratio of 1.48. This is a normal value and indicates that UPST is financially healthy and should not expect problems in meeting its short term obligations.
UPST has a better Current ratio (1.48) than 67.27% of its industry peers.
A Quick Ratio of 1.48 indicates that UPST should not have too much problems paying its short term obligations.
UPST has a better Quick ratio (1.48) than 67.27% of its industry peers.
Industry RankSector Rank
Current Ratio 1.48
Quick Ratio 1.48
UPST Yearly Current Assets VS Current LiabilitesUPST Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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8

3. Growth

3.1 Past

UPST shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 234.38%, which is quite impressive.
UPST shows a strong growth in Revenue. In the last year, the Revenue has grown by 60.62%.
The Revenue has been growing by 31.13% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)234.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%311.76%
Revenue 1Y (TTM)60.62%
Revenue growth 3Y-9.14%
Revenue growth 5Y31.13%
Sales Q2Q%101.59%

3.2 Future

The Earnings Per Share is expected to grow by 80.22% on average over the next years. This is a very strong growth
Based on estimates for the next years, UPST will show a very strong growth in Revenue. The Revenue will grow by 30.29% on average per year.
EPS Next Y702.46%
EPS Next 2Y233.66%
EPS Next 3Y139.45%
EPS Next 5Y80.22%
Revenue Next Year76.24%
Revenue Next 2Y49.73%
Revenue Next 3Y38.71%
Revenue Next 5Y30.29%

3.3 Evolution

The Revenue growth rate is stable: in the next years the growth will be about the same than in the last years.
UPST Yearly Revenue VS EstimatesUPST Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 500M 1B 1.5B 2B
UPST Yearly EPS VS EstimatesUPST Yearly EPS VS EstimatesYearly EPS VS Estimates 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 1 2 3 4

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2

4. Valuation

4.1 Price/Earnings Ratio

A Price/Earnings ratio of 55.26 indicates a quite expensive valuation of UPST.
Based on the Price/Earnings ratio, UPST is valued expensively inside the industry as 80.00% of the companies are valued cheaper.
UPST's Price/Earnings ratio indicates a rather expensive valuation when compared to the S&P500 average which is at 26.10.
The Price/Forward Earnings ratio is 18.58, which indicates a rather expensive current valuation of UPST.
65.45% of the companies in the same industry are cheaper than UPST, based on the Price/Forward Earnings ratio.
The average S&P500 Price/Forward Earnings ratio is at 22.52. UPST is around the same levels.
Industry RankSector Rank
PE 55.26
Fwd PE 18.58
UPST Price Earnings VS Forward Price EarningsUPST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40 50

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
UPST Per share dataUPST EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as UPST's earnings are expected to grow with 139.45% in the coming years.
PEG (NY)0.08
PEG (5Y)N/A
EPS Next 2Y233.66%
EPS Next 3Y139.45%

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0

5. Dividend

5.1 Amount

UPST does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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UPSTART HOLDINGS INC

NASDAQ:UPST (10/31/2025, 8:17:49 PM)

After market: 47.68 +0.16 (+0.34%)

47.52

+2.56 (+5.69%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryConsumer Finance
Earnings (Last)08-05 2025-08-05/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners65.95%
Inst Owner Change0.84%
Ins Owners12.42%
Ins Owner Change0.62%
Market Cap4.57B
Revenue(TTM)851.77M
Net Income(TTM)-6353000
Analysts75
Price Target80.02 (68.39%)
Short Float %34.04%
Short Ratio4.12
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)53.67%
Min EPS beat(2)37.87%
Max EPS beat(2)69.47%
EPS beat(4)4
Avg EPS beat(4)208.66%
Min EPS beat(4)37.87%
Max EPS beat(4)667.46%
EPS beat(8)7
Avg EPS beat(8)92.05%
EPS beat(12)10
Avg EPS beat(12)69%
EPS beat(16)13
Avg EPS beat(16)56.47%
Revenue beat(2)2
Avg Revenue beat(2)8.39%
Min Revenue beat(2)4.86%
Max Revenue beat(2)11.92%
Revenue beat(4)4
Avg Revenue beat(4)8.36%
Min Revenue beat(4)4.86%
Max Revenue beat(4)11.92%
Revenue beat(8)7
Avg Revenue beat(8)4.93%
Revenue beat(12)8
Avg Revenue beat(12)2.43%
Revenue beat(16)11
Avg Revenue beat(16)2.56%
PT rev (1m)0%
PT rev (3m)30.65%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.72%
EPS NY rev (1m)0%
EPS NY rev (3m)11.95%
Revenue NQ rev (1m)-0.42%
Revenue NQ rev (3m)4.69%
Revenue NY rev (1m)-0.19%
Revenue NY rev (3m)4.56%
Valuation
Industry RankSector Rank
PE 55.26
Fwd PE 18.58
P/S 5.37
P/FCF N/A
P/OCF N/A
P/B 6.33
P/tB 7.08
EV/EBITDA N/A
EPS(TTM)0.86
EY1.81%
EPS(NY)2.56
Fwd EY5.38%
FCF(TTM)-0.85
FCFYN/A
OCF(TTM)-0.68
OCFYN/A
SpS8.85
BVpS7.5
TBVpS6.71
PEG (NY)0.08
PEG (5Y)N/A
Graham Number12.05
Profitability
Industry RankSector Rank
ROA -0.26%
ROE -0.88%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 80.43%
FCFM N/A
ROA(3y)-7.65%
ROA(5y)-2.85%
ROE(3y)-24.75%
ROE(5y)-11.1%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.44%
GM growth 5Y-2.38%
F-Score5
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity 1.98
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 73.61%
Cap/Sales 1.93%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 1.48
Quick Ratio 1.48
Altman-Z 1.6
F-Score5
WACC9.91%
ROIC/WACCN/A
Cap/Depr(3y)88.9%
Cap/Depr(5y)142.64%
Cap/Sales(3y)2.21%
Cap/Sales(5y)2.17%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)234.38%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%311.76%
EPS Next Y702.46%
EPS Next 2Y233.66%
EPS Next 3Y139.45%
EPS Next 5Y80.22%
Revenue 1Y (TTM)60.62%
Revenue growth 3Y-9.14%
Revenue growth 5Y31.13%
Sales Q2Q%101.59%
Revenue Next Year76.24%
Revenue Next 2Y49.73%
Revenue Next 3Y38.71%
Revenue Next 5Y30.29%
EBIT growth 1Y76.74%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year218.13%
EBIT Next 3Y61.79%
EBIT Next 5Y39.09%
FCF growth 1Y69.61%
FCF growth 3Y4.79%
FCF growth 5Y46.31%
OCF growth 1Y73.99%
OCF growth 3Y3.44%
OCF growth 5Y42.62%

UPSTART HOLDINGS INC / UPST FAQ

What is the fundamental rating for UPST stock?

ChartMill assigns a fundamental rating of 3 / 10 to UPST.


Can you provide the valuation status for UPSTART HOLDINGS INC?

ChartMill assigns a valuation rating of 2 / 10 to UPSTART HOLDINGS INC (UPST). This can be considered as Overvalued.


Can you provide the profitability details for UPSTART HOLDINGS INC?

UPSTART HOLDINGS INC (UPST) has a profitability rating of 1 / 10.


What are the PE and PB ratios of UPSTART HOLDINGS INC (UPST) stock?

The Price/Earnings (PE) ratio for UPSTART HOLDINGS INC (UPST) is 55.26 and the Price/Book (PB) ratio is 6.33.