Stock Analysis
Upstart Holdings, Inc. Common stockUPST
P/E 38.00×· 5Y range 16.91–661.47×· bottom 16% of history
Sector: Financial Services · Industry: Finance Services
AnalystsBuy21 analystsP/E 38.0× sits at the 16th percentile of its 5.086926762491444-year history.
Cash covers 22% of debt · Q2 2026.
PMP Verdict
Cheap for a reason — weak fundamentals
Risks
- Quality11
- Profitability21
Cheap for a reason — fundamentals remain weak.
Market context
-4.8% today· Z 1.8σ
Bull Case
- ✓P/E 38.0× at bottom 16% of 5-year history
What's happening with UPST
Profile
earnings quality, moat, profitability, financial health and growth lag behind.
How is each axis scored?
- Valuation50/100 · Moderate
- P/E vs own history (16th pct)25/25
- FCF yield (-12.8%)0/25
- P/S (1.8x)25/25
- EV/EBIT (66.8x)0/25
- Growth37/100 · Weak
- Revenue CAGR (5.3%)12/25
- Net income CAGR (-20.7%)0/25
- EPS CAGR 5Y (-23.1%)0/25
- Fwd implied growth (342.4%)25/25
- Profitability21/100 · Weak
- ROIC (1.9%)5/25
- ROE (7.6%)5/25
- Net margin (4.8%)6/25
- Operating margin (4.6%)5/25
- Financial Health28/100 · Weak
- Altman Z (1.46)3/25
- Current ratio (10.45)25/25
- Interest coverage (-6.3x)0/25
- Net cash / debt (D/A 50%)0/25
- Quality11/100 · Weak
- Piotroski F (3/9)5/25
- Beneish M (-1.42)6/25
- FCF conversion (-479%)0/25
- Margin stability (σ 35.1%)0/25
- Moat11/100 · Weak
- ROIC >12% years (1/3 yrs)6/25
- Median gross margin (n/a)0/25
- FCF-positive years (2/5 yrs)5/25
- Worst-year net margin (worst -46.8%)0/25
Risk Flags
- ⚠Altman Z 1.5 — distress-zone balance sheet
- ⚠Beneish M -1.42 — earnings-manipulation flag
- ⚠Negative FCF margin (-0.2%) — burning cash
- ⚠SBC 11.7% of revenue — real dilution cost
- ⚠3 loss-making years in recent history
About Upstart Holdings, Inc. Common stock
Upstart Holdings Inc provides credit services. Show more
The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).
Headquarters: SAN MATEO, CA · Employees: 1,405 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
50CP/E (TTM)37.5xD
Grade D: ExpensivePrice / TTM EPS (own statements) — vs own 5Y history: 16.9x–661.5x · 16th pct
P/FCF23.0xB
Grade B: FairPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative
FCF Yield-12.8%D
Grade D: NegativeTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -49.6%–4.6% · 20th pct
P/S (TTM)1.81xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 1.0x–99.4x · 10th pct
EV/EBIT66.8xD
Grade D: ExpensiveEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 65.9x–114.1x · 6th pct
EV/Sales4.2xB
Grade B: FairEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E8.5xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio2.83xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio1.22B
Grade B: FairFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Profitability
21EROIC1.9%D
Grade D: LowNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE7.6%D
Grade D: WeakReturn on Equity. Neg. equity = heavy buybacks
ROA2.2%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin4.8%D
Grade D: LowNet Income / Revenue
Operating Margin4.6%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin82.5%A
Grade A: PremiumGross Profit / Revenue
FCF Margin-23.2%D
Grade D: LowFCF / Revenue
True FCF Margin-34.9%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost
Growth
37DRevenue CAGR5.3%C
Grade C: OkCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR-20.7%D
Grade D: LowCompound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)-23.1%D
Grade D: LowCompound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth342.4%A
Grade A: HighAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+4.4%C
Grade C: DilutiveShare count change over 5Y
SBC / Net Income241.8%D
Grade D: HighStock-based comp/Net income. >30% = dilution risk
SBC / Revenue11.7%D
Grade D: HighTTM stock-based comp / TTM Revenue
Financial Health
28EAltman Z-Score1.46D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio10.45xA
Grade A: HighCurrent Assets/Liabilities
Quick Ratio1.55xA
Grade A: High(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage-6.3xD
Grade D: RiskyEBIT/Interest. >10 Strong
Debt Repayment—
Years to repay net debt via FCF
Net Debt/EBIT27.7xD
Grade D: HighLeverage. <2x Low, >4x High
Debt/Equity2.58xD
Grade D: HighDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.22xD
Grade D: ThinCash covers how much of total debt. >1 = could repay all debt from cash
Quality
11EPiotroski F-Score3/9D
Grade D: WeakFinancial strength 0–9. >7 Strong
Beneish M-Score-1.42D
Grade D: RiskyEarnings manipulation risk. < -2.22 Safe
FCF Conversion-479.1%D
Grade D: PoorFCF / Net Income
Margin Stability35.1%D
Grade D: VolatileEBIT margin std deviation. Lower = stable
Capex / Revenue0.4%A
Grade A: Asset-lightTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.31xD
Grade D: LowRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Gu Paul Filed | Gu Paul | BuyOpen market buy | +50.0K | |
Datta Sanjay Filed | Datta Sanjay | Option exercise | -300000 | |
Datta Sanjay Filed | Datta Sanjay | SellOpen market sale | -116000 | |
Datta Sanjay Filed | Datta Sanjay | Option exercise | +300.0K | |
Mirgorodskaya Natalia Filed | Mirgorodskaya Natalia | SellOpen market sale | -913 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Mirgorodskaya Natalia Filed | Mirgorodskaya Natalia | SellOpen market sale | -586 | |
Datta Sanjay Filed | Datta Sanjay | SellOpen market sale | -8945 | |
Darling Scott Filed | Darling Scott | SellOpen market sale | -7696 |
Option exercise (M) rows report a derivative leg, not an open-market sale — a paired negative entry is the option position being consumed.
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
11EROIC >12% Years1/3 yrsD
Grade D: WeakShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)—
Median annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years2/5 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-46.8%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$0.62
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$4.69
Cash & short-term investments per share (Finnhub)
Book Value / Share$8.20
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$2.06B
Total debt obligations (short + long term)
Cash & Equiv.$457.84M
Cash and short-term investments
Net Debt$1.60B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$797.49M
Shareholders' equity (book value)
Asset / Liability1.34xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$2.26B
Current Market Capitalization
Beta2.50D
Grade D: High volatilityPrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: Upstart Holdings, Inc. Common stock (UPST)
UPST is down 4.81% at the last close. Upstart Holdings, Inc. Common stock meets only 3 of 9 Piotroski F-Score criteria — a sign of weak underlying fundamentals. Altman Z-Score of 1.46 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -1.42 is above the −1.78 flag threshold, a signal that reported earnings warrant closer scrutiny.
- Free-cash-flow margin is negative (-23%) — the business currently burns cash.
- Company has negative FCF, making debt repayment from operations difficult.
- Interest coverage of -6.3× leaves little room for earnings shocks.
- Upstart Holdings, Inc. Common stock posted a net loss in 3 of 5 available completed fiscal years (2021–2025).
See how UPST ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all UPST moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 15 | Regular | 24.51 | +7.76% | 2.94 |
| Oct 15 | After-hours | 24.60 | +8.19% | 3.08 |
| Oct 14 | Regular | 22.45 | -5.79% | -2.31 |
| Oct 14 | After-hours | 22.57 | -5.29% | -2.10 |
| Oct 5 | Regular | 24.40 | +6.97% | 3.30 |
Frequently Asked Questions about UPST
What is the current Upstart Holdings, Inc. Common stock (UPST) stock price?
UPST is trading at $23.56 at the last market close, down 4.81% on the session. PreMarketPrice tracks UPST pre-market, intraday and after-hours prices.
Is UPST stock a buy right now?
PreMarketPrice's quantitative model rates Upstart Holdings, Inc. Common stock's financial health at 28/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is UPST stock overvalued?
Upstart Holdings, Inc. Common stock trades at a trailing P/E of 37.5 and our valuation score rates it 50/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does Upstart Holdings, Inc. Common stock report earnings?
No confirmed earnings date is currently scheduled for UPST. The Earnings section lists recent reports and updates as dates are announced.
What sector does Upstart Holdings, Inc. Common stock operate in?
Upstart Holdings, Inc. Common stock operates in the Financial Services sector, within the Finance Services industry. The Related Stocks section lists sector peers for comparison.
What does Upstart Holdings, Inc. Common stock do?
Upstart Holdings Inc provides credit services.
About Upstart Holdings, Inc. Common stock (UPST) Stock
Upstart Holdings, Inc. Common stock (UPST) is a US-listed stock operating in the Financial Services sector, specifically the Finance Services industry. As of the latest update, Upstart Holdings, Inc. Common stock is trading at $23.56, down 4.81% on the day with a market capitalization of $2.3 billion. The financial health score for UPST is 28/100, which indicates poor financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for UPST stock.
UPST Stock Analysis & Key Metrics
On PreMarketPrice, you can track Upstart Holdings, Inc. Common stock (UPST) across multiple dimensions:
- Pre-market price & movement: Real-time UPST stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for UPST with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for Upstart Holdings, Inc. Common stock across multiple reporting periods.
- Financial health score: A composite score of 28/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for UPST.
- Sector peers: Compare UPST against 6 other financial services stocks on key financial metrics.
Is UPST a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate Upstart Holdings, Inc. Common stock (UPST) as an investment. The financial health score of 28/100 suggests poor financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.Upstart Holdings, Inc. Common stock (UPST) trades on NYSE. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.