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Upstart Holdings, Inc. UPST

Nasdaq · stock · Finance Services · website · IPO 2020-12-16 · LEI

Upstart Holdings, Inc. statistics & valuation

Market cap$3.1B
P / E57.6×
P / S3.0×
P / B3.9×
Net margin5.1%
Return on equity6.7%
FCF margin-14.2%
Graham number -70.2%$8.67

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($8.67); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.60% 16.00% -12.00% -46.80% -20.20% 5.10% 202020212022202320242025
Gross margin (%)
202020212022202320242025
Operating margin (%)
5.00% 16.60% -12.60% -50.00% -27.20% 4.10% 202020212022202320242025
Return on equity (%)
2.00% 16.80% -16.20% -37.80% -20.30% 6.70% 202020212022202320242025
Shares outstanding
73.3M 94.8M 82.8M 86.3M 93.5M 107.5M 202020212022202320242025
Net debt ($)
202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
1.30% 7.40% -5.60% -11.90% -5.40% 1.80% 202020212022202320242025
Free cash flow margin (%)
6.10% 18.80% -73.50% -22.00% 29.10% -14.20% 202020212022202320242025
Debt / equity (×)
202020212022202320242025
EPS ($)
$0.00 $1.43 -$1.31 -$2.87 -$1.44 $0.45 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Operating margin4.1%-27.2%-50.0%-12.6%16.6%5.0%
Net margin5.1%-20.2%-46.8%-12.0%16.0%2.6%
FCF margin-14.2%29.1%-22.0%-73.5%18.8%6.1%
Return on assets1.8%-5.4%-11.9%-5.6%7.4%1.3%
Return on equity6.7%-20.3%-37.8%-16.2%16.8%2.0%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.