UPST

Company Overview — What Does Upstart Holdings, Inc. Do?

Upstart Holdings, Inc. operates a cloud- based artificial intelligence (AI) lending platform in the United States. The company's platform aggregates consumer demand for loans and connects it to its network of the company's AI- enabled bank partners. Its platform connects consumers, banks, and institutional investors through a shared AI lending platform. Upstart Holdings, Inc. was founded in 2012 and is headquartered in San Mateo, California. Upstart Holdings, Inc. (UPST) is classified as a mid-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO David J. Girouard and employs approximately 1,880 people. With a market capitalization of $2.4B, UPST is one of the notable companies in the Financials sector.

Upstart Holdings, Inc. (UPST) Stock Rating — Avoid (April 2026)

As of April 2026, Upstart Holdings, Inc. receives a Avoid rating with a composite score of 21.7/100 and 1 out of 5 stars from the Blank Capital Research quantitative model.UPST ranks #4,272 out of 4,446 stocks in our coverage universe. Within the Financials sector, Upstart Holdings, Inc. ranks #881 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

UPST Stock Price and 52-Week Range

Upstart Holdings, Inc. (UPST) currently trades at $27.30. The stock lost $0.11 (0.4%) in the most recent trading session. The 52-week high for UPST is $87.30, which means the stock is currently trading -68.7% from its annual peak. The 52-week low is $25.68, putting the stock 6.3% above its annual trough. Recent trading volume was 2.4M shares, reflecting moderate market activity.

Is UPST Overvalued or Undervalued? — Valuation Analysis

Upstart Holdings, Inc. (UPST) carries a value factor score of 47/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 88.96x, compared to the Financials sector average of 14.88x — a premium of 498%. The price-to-book ratio stands at 3.14x, versus the sector average of 1.22x. The price-to-sales ratio is 2.76x, compared to 0.90x for the average Financials stock. On an enterprise value basis, UPST trades at 14.71x EV/EBITDA, versus 3.26x for the sector.

Overall, UPST's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Upstart Holdings, Inc. Profitability — ROE, Margins, and Quality Score

Upstart Holdings, Inc. (UPST) earns a quality factor score of 10/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 3.5%, compared to the Financials sector average of 8.5%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 0.9% versus the sector average of 1.2%.

On a margin basis, Upstart Holdings, Inc. reports gross margins of 100.0%. The operating margin is -4.9% (sector: 21.8%). Net profit margin stands at 2.1%, versus 17.7% for the average Financials stock. Revenue growth is running at 117.1% on a trailing basis, compared to 9.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

UPST Debt, Balance Sheet, and Financial Health

Upstart Holdings, Inc. has a debt-to-equity ratio of 272.0%, compared to the Financials sector average of 121.0%. This elevated leverage warrants close monitoring, as it increases the company's sensitivity to rising interest rates and economic downturns. The current ratio is 1.37x, suggesting adequate working capital coverage.

UPST has a beta of 2.46, meaning it is more volatile than the broader market — a $10,000 investment in UPST would be expected to move 146.2% more than the S&P 500 on any given day. The stability factor score for Upstart Holdings, Inc. is 26/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.

Upstart Holdings, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Upstart Holdings, Inc. reported revenue of $910M and earnings per share (EPS) of $0.56. Net income for the quarter was $28M. Operating income came in at $-21M.

In FY 2025, Upstart Holdings, Inc. reported revenue of $1.04B and earnings per share (EPS) of $0.56. Net income for the quarter was $54M. Revenue grew 64.3% year-over-year compared to FY 2024. Operating income came in at $43M.

In Q3 2025, Upstart Holdings, Inc. reported revenue of $277M and earnings per share (EPS) of $0.33. Net income for the quarter was $32M. Revenue grew 70.9% year-over-year compared to Q3 2024. Operating income came in at $24M.

In Q2 2025, Upstart Holdings, Inc. reported revenue of $257M and earnings per share (EPS) of $0.06. Net income for the quarter was $6M. Revenue grew 101.6% year-over-year compared to Q2 2024. Operating income came in at $5M.

Over the past 8 quarters, Upstart Holdings, Inc. has demonstrated a growth trajectory, with revenue expanding from $128M to $910M. Investors analyzing UPST stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

UPST Dividend Yield and Income Analysis

Upstart Holdings, Inc. (UPST) does not currently pay a dividend. This is common among smaller companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.

UPST Momentum and Technical Analysis Profile

Upstart Holdings, Inc. (UPST) has a momentum factor score of 13/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 21/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 35/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.

UPST vs Competitors — Financials Sector Ranking and Peer Comparison

Within the Financials sector, Upstart Holdings, Inc. (UPST) ranks #881 out of 891 stocks based on the Blank Capital composite score. This places UPST in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.

Comparing UPST against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full UPST vs S&P 500 (SPY) comparison to assess how Upstart Holdings, Inc. stacks up against the broader market across all factor dimensions.

UPST Next Earnings Date

No upcoming earnings date has been announced for Upstart Holdings, Inc. (UPST) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy UPST? — Investment Thesis Summary

The quantitative profile for Upstart Holdings, Inc. suggests caution. The quality score of 10/100 flags below-average profitability. Momentum is weak at 13/100, a headwind for near-term performance. High volatility (stability score 26/100) increases portfolio risk.

In summary, Upstart Holdings, Inc. (UPST) earns a Avoid rating with a composite score of 21.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on UPST stock.

Related Resources for UPST Investors

Explore more research and tools: UPST vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare UPST head-to-head with peers: UPST vs WTM, UPST vs OPY, UPST vs ACT.