UPSTART HOLDINGS INC (UPST) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:UPST • US91680M1071

34.6 USD
-3.32 (-8.76%)
At close: Feb 5, 2026
34.81 USD
+0.21 (+0.61%)
After Hours: 2/5/2026, 4:05:04 PM
Fundamental Rating

3

Overall UPST gets a fundamental rating of 3 out of 10. We evaluated UPST against 54 industry peers in the Consumer Finance industry. Both the profitability and financial health of UPST have multiple concerns. UPST shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • UPST had positive earnings in the past year.
  • In the past year UPST has reported a negative cash flow from operations.
  • The reported net income has been mixed in the past 5 years: UPST reported negative net income in multiple 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's Return On Assets of -0.26% is on the low side compared to the rest of the industry. UPST is outperformed by 81.48% of its industry peers.
  • UPST has a worse Return On Equity (-0.88%) than 77.78% 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

  • Looking at the Gross Margin, with a value of 80.43%, UPST is in the better half of the industry, outperforming 77.78% of the companies in the same industry.
  • UPST's Gross Margin has declined in the last couple of years.
  • 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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ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • UPST does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • UPST has more shares outstanding than it did 1 year ago.
  • The number of shares outstanding for UPST has been increased compared to 5 years ago.
  • Compared to 1 year ago, UPST has a worse debt to assets ratio.
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

  • Based on the Altman-Z score of 1.38, we must say that UPST is in the distress zone and has some risk of bankruptcy.
  • UPST's Altman-Z score of 1.38 is fine compared to the rest of the industry. UPST outperforms 72.22% of its industry peers.
  • A Debt/Equity ratio of 1.98 is on the high side and indicates that UPST has dependencies on debt financing.
  • UPST's Debt to Equity ratio of 1.98 is in line compared to the rest of the industry. UPST outperforms 55.56% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.98
Debt/FCF N/A
Altman-Z 1.38
ROIC/WACCN/A
WACC7.4%
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.
  • With a decent Current ratio value of 1.48, UPST is doing good in the industry, outperforming 66.67% of the companies in the same industry.
  • A Quick Ratio of 1.48 indicates that UPST should not have too much problems paying its short term obligations.
  • The Quick ratio of UPST (1.48) is better than 66.67% 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

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 321.54% over the past year.
  • UPST shows a strong growth in Revenue. In the last year, the Revenue has grown by 73.29%.
  • UPST shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 31.13% yearly.
EPS 1Y (TTM)321.54%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%966.67%
Revenue 1Y (TTM)73.29%
Revenue growth 3Y-9.14%
Revenue growth 5Y31.13%
Sales Q2Q%65.35%

3.2 Future

  • UPST is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 80.22% yearly.
  • The Revenue is expected to grow by 30.29% on average over the next years. This is a very strong growth
EPS Next Y679.29%
EPS Next 2Y228.47%
EPS Next 3Y138.67%
EPS Next 5Y80.22%
Revenue Next Year72.97%
Revenue Next 2Y46.3%
Revenue Next 3Y36.23%
Revenue Next 5Y30.29%

3.3 Evolution

  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
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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Find the best growth stocksShow best growing peers

3

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 24.03, which indicates a rather expensive current valuation of UPST.
  • Compared to the rest of the industry, the Price/Earnings ratio of UPST indicates a slightly more expensive valuation: UPST is more expensive than 77.78% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of UPST to the average of the S&P500 Index (28.25), we can say UPST is valued inline with the index average.
  • With a Price/Forward Earnings ratio of 14.06, UPST is valued correctly.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of UPST indicates a slightly more expensive valuation: UPST is more expensive than 62.96% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, UPST is valued a bit cheaper.
Industry RankSector Rank
PE 24.03
Fwd PE 14.06
UPST Price Earnings VS Forward Price EarningsUPST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 5 10 15 20 25

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

  • UPST's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • UPST's earnings are expected to grow with 138.67% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y228.47%
EPS Next 3Y138.67%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • UPST does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

UPSTART HOLDINGS INC

NASDAQ:UPST (2/5/2026, 4:05:04 PM)

After market: 34.81 +0.21 (+0.61%)

34.6

-3.32 (-8.76%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryConsumer Finance
Earnings (Last)11-04
Earnings (Next)02-10
Inst Owners72.65%
Inst Owner Change1.12%
Ins Owners12.27%
Ins Owner Change-2.43%
Market Cap3.37B
Revenue(TTM)966.73M
Net Income(TTM)-6.35M
Analysts74
Price Target61.44 (77.57%)
Short Float %26.53%
Short Ratio5.3
Dividend
Industry RankSector Rank
Dividend Yield 0%
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)0.38%
PT rev (3m)-23.23%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)-0.63%
EPS NY rev (3m)-3.85%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-1.86%
Valuation
Industry RankSector Rank
PE 24.03
Fwd PE 14.06
P/S 3.95
P/FCF N/A
P/OCF N/A
P/B 4.66
P/tB 5.21
EV/EBITDA N/A
EPS(TTM)1.44
EY4.16%
EPS(NY)2.46
Fwd EY7.11%
FCF(TTM)-0.84
FCFYN/A
OCF(TTM)-0.67
OCFYN/A
SpS8.75
BVpS7.42
TBVpS6.64
PEG (NY)0.04
PEG (5Y)N/A
Graham Number15.51
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 1.38
F-Score5
WACC7.4%
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)321.54%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%966.67%
EPS Next Y679.29%
EPS Next 2Y228.47%
EPS Next 3Y138.67%
EPS Next 5Y80.22%
Revenue 1Y (TTM)73.29%
Revenue growth 3Y-9.14%
Revenue growth 5Y31.13%
Sales Q2Q%65.35%
Revenue Next Year72.97%
Revenue Next 2Y46.3%
Revenue Next 3Y36.23%
Revenue Next 5Y30.29%
EBIT growth 1Y76.74%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year222.32%
EBIT Next 3Y62.9%
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.


What is the valuation status of UPSTART HOLDINGS INC (UPST) stock?

ChartMill assigns a valuation rating of 3 / 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 24.03 and the Price/Book (PB) ratio is 4.66.


How financially healthy is UPSTART HOLDINGS INC?

The financial health rating of UPSTART HOLDINGS INC (UPST) is 3 / 10.