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UPSTART HOLDINGS INC (UPST) Stock Fundamental Analysis

USA - NASDAQ:UPST - US91680M1071 - Common Stock

50.7 USD
-2.04 (-3.87%)
Last: 10/28/2025, 4:16:48 PM
50.71 USD
+0.01 (+0.02%)
After Hours: 10/28/2025, 4:16:48 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 shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

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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

The Return On Assets of UPST (-0.26%) is worse than 78.18% of its industry peers.
The Return On Equity of UPST (-0.88%) is worse 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

UPST has a better Gross Margin (80.43%) than 74.55% 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.
Compared to 1 year ago, UPST has more shares outstanding
Compared to 5 years ago, UPST has more shares outstanding
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

An Altman-Z score of 1.85 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 1.85, UPST is doing good in the industry, outperforming 70.91% of the companies in the same industry.
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 1.85
ROIC/WACCN/A
WACC9.99%
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's Current ratio of 1.48 is fine compared to the rest of the industry. UPST outperforms 67.27% 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's Quick ratio of 1.48 is fine compared to the rest of the industry. UPST outperforms 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.
The Revenue has grown by 60.62% in the past year. This is a very strong growth!
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.
UPST is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 30.29% yearly.
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

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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2

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings ratio is 58.95, which means the current valuation is very expensive for UPST.
Compared to the rest of the industry, the Price/Earnings ratio of UPST indicates a rather expensive valuation: UPST more expensive than 80.00% of the companies listed in the same industry.
When comparing the Price/Earnings ratio of UPST to the average of the S&P500 Index (27.08), we can say UPST is valued expensively.
With a Price/Forward Earnings ratio of 19.83, UPST is valued on the expensive side.
Based on the Price/Forward Earnings ratio, UPST is valued a bit more expensive than 67.27% of the companies in the same industry.
When comparing the Price/Forward Earnings ratio of UPST to the average of the S&P500 Index (23.09), we can say UPST is valued inline with the index average.
Industry RankSector Rank
PE 58.95
Fwd PE 19.83
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

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 139.45% in the coming years. This may justify a more expensive valuation.
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 (10/28/2025, 4:16:48 PM)

After market: 50.71 +0.01 (+0.02%)

50.7

-2.04 (-3.87%)

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 Cap4.88B
Revenue(TTM)851.77M
Net Income(TTM)-6353000
Analysts75
Price Target87.44 (72.47%)
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 58.95
Fwd PE 19.83
P/S 5.73
P/FCF N/A
P/OCF N/A
P/B 6.76
P/tB 7.55
EV/EBITDA N/A
EPS(TTM)0.86
EY1.7%
EPS(NY)2.56
Fwd EY5.04%
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 1.85
F-Score5
WACC9.99%
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 58.95 and the Price/Book (PB) ratio is 6.76.