📊 UPST Key Takeaways
Is Upstart Holdings, Inc. (UPST) a Good Investment?
Upstart demonstrates exceptional revenue growth (1012% YoY) and improving profitability, but operating cash flow is deeply negative (-$147.7M) while maintaining only thin margins (4.1% operating, 5.1% net), indicating unsustainable cash burn despite scale. Poor returns on assets (1.8%) and equity (6.7%) suggest the business is not efficiently converting growth into shareholder value.
Why Buy Upstart Holdings, Inc. Stock? UPST Key Strengths
- Exceptional revenue growth of 1012% year-over-year demonstrates strong market demand
- Positive and accelerating net income ($53.6M) with 141.7% YoY growth shows path to profitability
- Zero long-term debt with $652.4M cash provides financial flexibility and downside protection
- Strong insider activity with 10 Form 4 filings suggests management confidence
UPST Stock Risks: Upstart Holdings, Inc. Investment Risks
- Critical negative operating cash flow of -$147.7M indicates business model is not self-sustaining despite positive earnings
- Extremely low profit margins (4.1% operating, 5.1% net) on high revenue base suggests operational inefficiency or pricing pressure
- Severely depressed returns on assets (1.8%) and equity (6.7%) indicate poor capital productivity despite significant asset base of $3.0B
- Negative free cash flow of -$148.1M is unsustainable; at current burn rate, cash runway is limited despite recent balance sheet strength
Key Metrics to Watch
- Operating Cash Flow trend - must turn positive to validate business sustainability
- Operating and net margins - need expansion to 8-10% range to indicate healthy profitability
- Return on Assets and Equity - critical to improve above 5% and 12% respectively
- Cash consumption rate and runway duration as key determinant of financial survival
Upstart Holdings, Inc. (UPST) Financial Metrics & Key Ratios
💡 AI Analyst Insight
The current ratio below 1.0x warrants monitoring of short-term liquidity.
UPST Profit Margin, ROE & Profitability Analysis
UPST vs Finance Sector: How Upstart Holdings, Inc. Compares
How Upstart Holdings, Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is Upstart Holdings, Inc. Stock Overvalued? UPST Valuation Analysis 2026
Based on fundamental analysis, Upstart Holdings, Inc. has mixed fundamental signals relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
Upstart Holdings, Inc. Balance Sheet: UPST Debt, Cash & Liquidity
UPST Revenue & Earnings Growth: 5-Year Financial Trend
5-Year Trend Summary: Upstart Holdings, Inc.'s revenue has grown significantly by 13% over the 5-year period, indicating strong business expansion. The most recent EPS of $-2.87 indicates the company is currently unprofitable.
UPST Revenue Growth, EPS Growth & YoY Performance
UPST Quarterly Earnings & Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $162.1M | -$6.8M | $-0.07 |
| Q2 2025 | $127.6M | $3.2M | $0.03 |
| Q1 2025 | $127.8M | -$2.4M | $-0.03 |
| Q3 2024 | $134.6M | -$6.8M | $-0.07 |
| Q2 2024 | $127.6M | -$28.2M | $-0.34 |
| Q1 2024 | $102.9M | -$64.6M | $-0.74 |
| Q3 2023 | $134.6M | -$40.3M | $-0.48 |
| Q2 2023 | $135.8M | $2.8M | $0.03 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
Upstart Holdings, Inc. Dividends, Buybacks & Capital Allocation
UPST SEC Filings: Latest 10-K & 10-Q Analysis
Access official SEC EDGAR filings for Upstart Holdings, Inc. (CIK: 0001647639)
📋 Recent SEC Filings
❓ Frequently Asked Questions about UPST
What is the AI rating for UPST?
Upstart Holdings, Inc. (UPST) has an AI rating of SELL with 68% confidence, based on fundamental analysis of SEC EDGAR filings.
What are UPST's key strengths?
Claude: Exceptional revenue growth of 1012% year-over-year demonstrates strong market demand. Positive and accelerating net income ($53.6M) with 141.7% YoY growth shows path to profitability.
What are the risks of investing in UPST?
Claude: Critical negative operating cash flow of -$147.7M indicates business model is not self-sustaining despite positive earnings. Extremely low profit margins (4.1% operating, 5.1% net) on high revenue base suggests operational inefficiency or pricing pressure.
What is UPST's revenue and growth?
Upstart Holdings, Inc. reported revenue of $1.0B.
Does UPST pay dividends?
Upstart Holdings, Inc. does not currently pay dividends.
Where can I find UPST SEC filings?
Official SEC filings for Upstart Holdings, Inc. (CIK: 0001647639) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is UPST's EPS?
Upstart Holdings, Inc. has a diluted EPS of $0.45.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is UPST a good stock to buy right now?
Based on our AI fundamental analysis in April 2026, Upstart Holdings, Inc. has a SELL rating with 68% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is UPST stock overvalued or undervalued?
Valuation metrics for UPST: ROE of 6.7% (sector avg: 12%), net margin of 5.1% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
Should I buy UPST stock in 2026?
Our dual AI analysis gives Upstart Holdings, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is UPST's free cash flow?
Upstart Holdings, Inc.'s operating cash flow is $-147.7M, with capital expenditures of $347.0K. FCF margin is -14.2%.
How does UPST compare to other Finance stocks?
Vs Finance sector averages: Net margin 5.1% (avg: 25%), ROE 6.7% (avg: 12%), current ratio N/A (avg: 1.2).