Upstart Holdings, Inc. (UPST)

Upstart Holdings Ratios and Metrics

Market cap in millions USD. Fiscal year is January - December.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Market Capitalization	3,092	4,254	5,617	3,475	1,082	12,400
Market Cap Growth	-46.35%	-24.26%	61.62%	221.08%	-91.27%	319.95%
Enterprise Value	4,331	5,710	6,206	4,209	1,417	12,080
Last Close Price	31.53	43.73	61.57	40.86	13.22	151.30
PE Ratio	69.57	79.37	-	-	-	91.55
Forward PE	13.98	19.68	292.91	-	-	72.48
PS Ratio	2.87	3.96	8.30	6.34	1.27	14.56
PB Ratio	3.87	5.33	8.87	5.47	1.61	15.36
P/TBV Ratio	4.51	6.21	10.68	6.61	1.93	17.55
P/FCF Ratio	-	-	30.28	-	-	77.54
P/OCF Ratio	-	-	30.15	-	-	73.66
PEG Ratio	0.34	2.23	2.23	2.23	-	0.41
EV/Sales Ratio	4.03	5.31	9.17	7.68	1.66	14.18
EV/EBITDA Ratio	43.69	57.60	-	-	-	78.99
EV/EBIT Ratio	58.30	76.86	-	-	-	83.09
EV/FCF Ratio	-	-	33.45	-	-	75.54
Debt / Equity Ratio	2.38	2.38	2.43	1.96	1.62	0.99
Debt / EBITDA Ratio	16.19	16.19	-	-	-	4.90
Debt / FCF Ratio	-	-	8.30	-	-	4.98
Net Debt / Equity Ratio	1.55	1.55	1.18	1.36	0.99	-0.24
Net Debt / EBITDA Ratio	12.50	12.50	-6.65	-4.38	-7.43	-1.25
Net Debt / FCF Ratio	-8.37	-8.37	4.01	-7.60	-1.00	-1.19
Asset Turnover	0.40	0.40	0.31	0.28	0.45	0.74
Quick Ratio	4.14	4.14	7.00	5.49	6.44	9.38
Current Ratio	13.10	13.10	15.68	22.19	21.90	13.81
Return on Equity (ROE)	7.49%	7.49%	-20.27%	-36.73%	-14.69%	24.46%
Return on Assets (ROA)	1.74%	1.74%	-3.78%	-7.01%	-3.43%	7.91%
Return on Invested Capital (ROIC)	3.46%	4.29%	-9.22%	-15.64%	-10.55%	38.89%
Return on Capital Employed (ROCE)	2.60%	2.60%	-5.90%	-11.40%	-5.50%	8.50%
Earnings Yield	1.73%	1.26%	-2.29%	-6.91%	-10.04%	1.09%
FCF Yield	-4.79%	-3.48%	3.30%	-3.26%	-61.59%	1.29%
Buyback Yield / Dilution	-20.17%	-20.17%	-6.79%	-1.20%	12.66%	-441.13%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q