Upstart Holdings, Inc. (UPST) Stock Analysis

Company Overview

Upstart Holdings, Inc. (UPST) carries a market capitalisation of $2.73B. It is classified in the Credit Services industry, within the Financial Services sector. The company reports 1,405 employees.

The most recent close on file for UPST is $28.05, dated September 4, 2026. That is −$0.47 (−1.65%) against the previous close. The 52-week range on file runs from $23.97 to $71.38. The latest close sits 17.05% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $1.02B. That is +62.84% against the prior fiscal year, when revenue was $628.83M. The same year closed with net income of $53.60M. The reported profit margin is 4.69%. That is 5.3 percentage points below the Credit Services median of 9.99%. Earnings per share on a trailing basis come to 0.51.

Across the 4 fiscal years on file, revenue moves from $837.76M in 2022 to $1.02B in 2025. Of those 4 years, 1 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 55. That is 4.4 times the Credit Services median of 12.47. The forward P/E on file is 8.07. Measured against sales, the shares trade at 2.12 times revenue. On price-to-sales that is 29.4% above the Credit Services median of 1.64. 60 Credit Services companies report these metrics, and the medians quoted come from that group.

The reported beta is 2.17. Annualized volatility over the trailing 5 years is 102.57%. The trailing one-year price return is −57.42%. Measured over 5 years, that is −35.29% a year compounded.

Growth & Income

No dividend is on file for UPST.

2026 is still running; the price is −35.86% year to date. The strongest complete calendar year on file is 2021 at +271.29%; the weakest is 2022 at −91.26%. Of the 5 complete calendar years on file, 3 finished higher.