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UPSTART HOLDINGS INC (UPST) Stock Fundamental Analysis

NASDAQ:UPST - US91680M1071 - Common Stock

68.85 USD
+5.33 (+8.39%)
Last: 8/22/2025, 8:00:02 PM
69.15 USD
+0.3 (+0.44%)
After Hours: 8/22/2025, 8:00:02 PM
Fundamental Rating

3

UPST gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 53 industry peers in the Consumer Finance industry. UPST has a bad profitability rating. Also its financial health evaluation is rather negative. 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

UPST had positive earnings in the past year.
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

With a Return On Assets value of -0.26%, UPST is not doing good in the industry: 77.36% of the companies in the same industry are doing better.
UPST has a Return On Equity of -0.88%. This is in the lower half of the industry: UPST underperforms 75.47% 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

UPST has a Gross Margin of 80.43%. This is in the better half of the industry: UPST outperforms 73.58% of its industry peers.
In the last couple of years the Gross Margin of UPST has declined.
UPST does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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.
UPST has more shares outstanding than it did 1 year ago.
UPST has more shares outstanding than it did 5 years ago.
UPST has a worse debt/assets ratio than last year.
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

An Altman-Z score of 2.38 indicates that UPST is not a great score, but indicates only limited risk for bankruptcy at the moment.
With a decent Altman-Z score value of 2.38, UPST is doing good in the industry, outperforming 75.47% of the companies in the same industry.
A Debt/Equity ratio of 1.98 is on the high side and indicates that UPST has dependencies on debt financing.
UPST has a Debt to Equity ratio of 1.98. This is comparable to the rest of the industry: UPST outperforms 54.72% of its industry peers.
Industry RankSector Rank
Debt/Equity 1.98
Debt/FCF N/A
Altman-Z 2.38
ROIC/WACCN/A
WACC8.3%
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

A Current Ratio of 1.48 indicates that UPST should not have too much problems paying its short term obligations.
UPST has a better Current ratio (1.48) than 66.04% of its industry peers.
UPST has a Quick 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 Quick ratio of 1.48. This is in the better half of the industry: UPST outperforms 66.04% 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

The Earnings Per Share has grown by an impressive 234.38% over the past year.
UPST shows a strong growth in Revenue. In the last year, the Revenue has grown by 60.62%.
UPST shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 31.13% yearly.
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

Based on estimates for the next years, UPST will show a very strong growth in Earnings Per Share. The EPS will grow by 80.22% on average per year.
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 Y703.99%
EPS Next 2Y233.98%
EPS Next 3Y142.27%
EPS Next 5Y80.22%
Revenue Next Year76.41%
Revenue Next 2Y49.68%
Revenue Next 3Y39.5%
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

The Price/Earnings ratio is 80.06, which means the current valuation is very expensive for UPST.
83.02% of the companies in the same industry are cheaper than UPST, based on the Price/Earnings ratio.
When comparing the Price/Earnings ratio of UPST to the average of the S&P500 Index (27.24), we can say UPST is valued expensively.
The Price/Forward Earnings ratio is 26.86, which means the current valuation is very expensive for UPST.
Based on the Price/Forward Earnings ratio, UPST is valued a bit more expensive than the industry average as 75.47% of the companies are valued more cheaply.
UPST's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 35.82.
Industry RankSector Rank
PE 80.06
Fwd PE 26.86
UPST Price Earnings VS Forward Price EarningsUPST Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

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.
A more expensive valuation may be justified as UPST's earnings are expected to grow with 142.27% in the coming years.
PEG (NY)0.11
PEG (5Y)N/A
EPS Next 2Y233.98%
EPS Next 3Y142.27%

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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 (8/22/2025, 8:00:02 PM)

After market: 69.15 +0.3 (+0.44%)

68.85

+5.33 (+8.39%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryConsumer Finance
Earnings (Last)08-05 2025-08-05/amc
Earnings (Next)11-05 2025-11-05/amc
Inst Owners63.63%
Inst Owner Change3.34%
Ins Owners12.58%
Ins Owner Change5.33%
Market Cap6.62B
Analysts72.38
Price Target87.35 (26.87%)
Short Float %21.08%
Short Ratio2.63
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)30.51%
PT rev (3m)25.79%
EPS NQ rev (1m)2.61%
EPS NQ rev (3m)-0.17%
EPS NY rev (1m)12.24%
EPS NY rev (3m)13.61%
Revenue NQ rev (1m)5.12%
Revenue NQ rev (3m)4.69%
Revenue NY rev (1m)4.66%
Revenue NY rev (3m)4.56%
Valuation
Industry RankSector Rank
PE 80.06
Fwd PE 26.86
P/S 7.78
P/FCF N/A
P/OCF N/A
P/B 9.18
P/tB 10.25
EV/EBITDA N/A
EPS(TTM)0.86
EY1.25%
EPS(NY)2.56
Fwd EY3.72%
FCF(TTM)-0.85
FCFYN/A
OCF(TTM)-0.68
OCFYN/A
SpS8.85
BVpS7.5
TBVpS6.71
PEG (NY)0.11
PEG (5Y)N/A
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
ROICexcg growth 3YN/A
ROICexcg 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 2.38
F-Score5
WACC8.3%
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 Y703.99%
EPS Next 2Y233.98%
EPS Next 3Y142.27%
EPS Next 5Y80.22%
Revenue 1Y (TTM)60.62%
Revenue growth 3Y-9.14%
Revenue growth 5Y31.13%
Sales Q2Q%101.59%
Revenue Next Year76.41%
Revenue Next 2Y49.68%
Revenue Next 3Y39.5%
Revenue Next 5Y30.29%
EBIT growth 1Y76.74%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year203.24%
EBIT Next 3Y59.29%
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%