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Upstart Holdings, Inc. (UPST)
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| Price date | EPS fiscal end | Basic P/E (×) | Diluted P/E (×) | P/S (×) | P/FCF (×) |
|---|
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Upstart Holdings, Inc. (UPST) · Nasdaq · USD · Sector unavailable · CIK 0001647639
Annual coverage: 2019-12-31–2025-12-31 (7 periods). Financial snapshot built 2026-10-09.
UPST annual financial history
All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.
See the calculation and limitations.
Annual per-share context (USD/share)
Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue / share | Total debt / share | Inputs & filing sources |
|---|---|---|---|
| 2025-12-31 | 9.71 | 18.66 | Inputs & filingsrevenue: 1043857000; averageDilutedShares: 107492735; totalDebt: 1829145000; periodEndShares: 98033361 revenue (2026-02-10)averageDilutedShares (2026-02-10) totalDebt component 1 (2026-02-10) periodEndShares (2026-02-10) |
| 2024-12-31 | 7.12 | 15.00 | Inputs & filingsrevenue: 636528000; averageDilutedShares: 89450038; totalDebt: 1402168000; periodEndShares: 93469721 revenue (2026-02-10)averageDilutedShares (2026-02-10) totalDebt component 1 (2026-02-10) periodEndShares (2026-02-10) |
| 2023-12-31 | 6.13 | 12.05 | Inputs & filingsrevenue: 513562000; averageDilutedShares: 83765896; totalDebt: 1040424000; periodEndShares: 86330303 revenue (2026-02-10)averageDilutedShares (2026-02-10) totalDebt component 1 (2025-02-14) periodEndShares (2025-02-14) |
| 2022-12-31 | 10.18 | 12.14 | Inputs & filingsrevenue: 842444000; averageDilutedShares: 82771268; totalDebt: 986394000; periodEndShares: 81259676 revenue (2025-02-14)averageDilutedShares (2025-02-14) totalDebt component 1 (2024-02-15) periodEndShares (2024-02-15) |
| 2021-12-31 | 8.95 | 8.31 | Inputs & filingsrevenue: 848589000; averageDilutedShares: 94772641; totalDebt: 695432000; periodEndShares: 83659665 revenue (2024-02-15)averageDilutedShares (2024-02-15) totalDebt component 1 (2023-02-16) periodEndShares (2023-02-16) |
| 2020-12-31 | 13.33 | 0.85 | Inputs & filingsrevenue: 233416000; averageDilutedShares: 17513670; totalDebt: 62626000; periodEndShares: 73314026 revenue (2023-02-16)averageDilutedShares (2023-02-16) totalDebt component 1 (2022-02-18) periodEndShares (2022-02-18) |
| 2019-12-31 | 11.45 | Unavailable | Inputs & filingsrevenue: 164189000; averageDilutedShares: 14335611; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date revenue (2022-02-18)averageDilutedShares (2022-02-18) |
Annual returns and cash generation (%)
Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | FCF margin (%) | FCF / net income (%) | ROCE (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | -14.19 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-148072000,"capex":{"accession":"0001647639-26-000027","end":"2025-12-31","filed":"2026-02-10","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001647639-26-000027","end":"2025-12-31","filed":"2026-02-10","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1043857000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"netIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"operatingIncome":{"value":42631000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingAssets":{"value":2366958000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2024-12-31"},"openingParentEquity":{"value":633218000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingTotalEquity":{"value":633218000,"inputNames":["openingParentEquity","openingAssets","openingLiabilities"]},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":1733740000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingCash":{"value":788422000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingBorrowings":{"value":1402168000,"components":[{"tag":"DebtLongtermAndShorttermCombinedAmount","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"}],"leasePolicy":"excludes_all_leases"},"openingInvestedCapital":{"value":1246964000,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"]},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":2974805000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2025-12-31"},"closingParentEquity":{"value":798815000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingTotalEquity":{"value":798815000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":2175990000,"tag":"Liabilities","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingCash":{"value":652388000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingBorrowings":{"value":1829145000,"components":[{"tag":"DebtLongtermAndShorttermCombinedAmount","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"}],"leasePolicy":"excludes_all_leases"},"closingInvestedCapital":{"value":1975572000,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"]},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":53601000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"incomeTaxExpense":{"value":728000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":1611268000,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -14.18508473861841; cashConversion: Consolidated income including noncontrolling interests is not confirmed; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2024-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2025-12-31 fcfMargin component 1 (2026-02-10) · fcfMargin component 2 (2026-02-10) · fcfMargin component 3 (2026-02-10)cashConversion component 1 (2026-02-10) · cashConversion component 2 (2026-02-10) roce component 1 (2026-02-10) · roce component 2 (2026-02-10) · roce component 3 (2026-02-10) |
| 2024-12-31 | 29.14 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":185494000,"capex":{"accession":"0001647639-26-000027","end":"2024-12-31","filed":"2026-02-10","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001647639-26-000027","end":"2024-12-31","filed":"2026-02-10","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":636528000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"netIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"operatingIncome":{"value":-172856000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingAssets":{"value":2017100000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-14","accession":"0001647639-25-000018","form":"10-K"},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2023-12-31"},"openingParentEquity":{"value":635305000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":1381795000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-14","accession":"0001647639-25-000018","form":"10-K"},"openingCash":{"value":368405000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-14","accession":"0001647639-25-000018","form":"10-K"},"openingBorrowings":{"value":1040424000,"components":[{"tag":"DebtLongtermAndShorttermCombinedAmount","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-14","accession":"0001647639-25-000018","form":"10-K"}],"leasePolicy":"excludes_all_leases"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":2366958000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2024-12-31"},"closingParentEquity":{"value":633218000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingTotalEquity":{"value":633218000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":1733740000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingCash":{"value":788422000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"closingBorrowings":{"value":1402168000,"components":[{"tag":"DebtLongtermAndShorttermCombinedAmount","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"}],"leasePolicy":"excludes_all_leases"},"closingInvestedCapital":{"value":1246964000,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"]},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-128581000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"incomeTaxExpense":{"value":185000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 29.14153030188774; cashConversion: Consolidated income including noncontrolling interests is not confirmed; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2023-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2024-12-31 fcfMargin component 1 (2026-02-10) · fcfMargin component 2 (2026-02-10) · fcfMargin component 3 (2026-02-10)cashConversion component 1 (2026-02-10) · cashConversion component 2 (2026-02-10) roce component 1 (2026-02-10) · roce component 2 (2025-02-14) · roce component 3 (2026-02-10) |
| 2023-12-31 | -22.05 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-113239000,"capex":{"accession":"0001647639-26-000027","end":"2023-12-31","filed":"2026-02-10","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001647639-26-000027","end":"2023-12-31","filed":"2026-02-10","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":513562000,"tag":"Revenues","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"netIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"operatingIncome":{"value":-256525000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingAssets":{"value":1936054000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-15","accession":"0001647639-24-000009","form":"10-K"},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31"},"openingParentEquity":{"value":672435000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-10","accession":"0001647639-26-000027","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":1263619000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-15","accession":"0001647639-24-000009","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":986394000,"components":[{"tag":"DebtLongtermAndShorttermCombinedAmount","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-15","accession":"0001647639-24-000009","form":"10-K"}],"leasePolicy":"excludes_all_leases"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; 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fcfMargin: -22.049723305073194; cashConversion: Consolidated income including noncontrolling interests is not confirmed; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2023-12-31 fcfMargin component 1 (2026-02-10) · fcfMargin component 2 (2026-02-10) · fcfMargin component 3 (2026-02-10)cashConversion component 1 (2026-02-10) · cashConversion component 2 (2026-02-10) roce component 1 (2026-02-10) · roce component 2 (2024-02-15) · roce component 3 (2025-02-14) |
| 2022-12-31 | -79.14 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":-666685000,"capex":{"accession":"0001647639-25-000018","end":"2022-12-31","filed":"2025-02-14","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001647639-25-000018","end":"2022-12-31","filed":"2025-02-14","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":842444000,"tag":"Revenues","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-14","accession":"0001647639-25-000018","form":"10-K"},"netIncome":{"value":-108665000,"tag":"ProfitLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2023-02-16","accession":"0001647639-23-000021","form":"10-K"},"operatingIncome":{"value":-113863000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-14","accession":"0001647639-25-000018","form":"10-K"},"openingAssets":{"value":1820455000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-16","accession":"0001647639-23-000021","form":"10-K"},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31"},"openingParentEquity":{"value":807078000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-14","accession":"0001647639-25-000018","form":"10-K"},"openingTotalEquity":{"value":807078000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":695432000,"components":[{"tag":"DebtLongtermAndShorttermCombinedAmount","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-16","accession":"0001647639-23-000021","form":"10-K"}],"leasePolicy":"excludes_all_leases"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; 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fcfMargin: -79.13701088737055; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2021-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2022-12-31 fcfMargin component 1 (2025-02-14) · fcfMargin component 2 (2025-02-14) · fcfMargin component 3 (2025-02-14)cashConversion component 1 (2025-02-14) · cashConversion component 2 (2025-02-14) · cashConversion component 3 (2023-02-16) roce component 1 (2025-02-14) · roce component 2 (2023-02-16) · roce component 3 (2024-02-15) |
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| 2020-12-31 | 6.14 | 257.07 | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":14342000,"capex":{"accession":"0001647639-23-000021","end":"2020-12-31","filed":"2023-02-16","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001647639-23-000021","end":"2020-12-31","filed":"2023-02-16","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":233416000,"tag":"Revenues","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001647639-23-000021","form":"10-K"},"netIncome":{"value":5579000,"tag":"ProfitLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001647639-23-000021","form":"10-K"},"operatingIncome":{"value":11765000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-16","accession":"0001647639-23-000021","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"openingParentEquity":{"value":-61688000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-16","accession":"0001647639-23-000021","form":"10-K"},"openingTotalEquity":{"value":-61688000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: 6.144394557356822; cashConversion: 257.07115970604053; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2020-12-31 fcfMargin component 1 (2023-02-16) · fcfMargin component 2 (2023-02-16) · fcfMargin component 3 (2023-02-16)cashConversion component 1 (2023-02-16) · cashConversion component 2 (2023-02-16) · cashConversion component 3 (2023-02-16) roce component 1 (2023-02-16) · roce component 2 (2022-02-18) |
| 2019-12-31 | 16.80 | Unavailable | Unavailable | Inputs & filingsCalculation inputs: {"original":{"fcfTotal":{"value":27578000,"capex":{"accession":"0001647639-22-000009","end":"2019-12-31","filed":"2022-02-18","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001647639-22-000009","end":"2019-12-31","filed":"2022-02-18","form":"10-K","start":"2019-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":164189000,"tag":"Revenues","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"netIncome":{"value":-5020000,"tag":"ProfitLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"operatingIncome":{"value":-4575000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":-54670000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":-466000,"tag":"NetIncomeLossAvailableToCommonStockholdersBasic","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"incomeTaxExpense":{"value":74000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-18","accession":"0001647639-22-000009","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 16.796496720243134; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31 fcfMargin component 1 (2022-02-18) · fcfMargin component 2 (2022-02-18) · fcfMargin component 3 (2022-02-18)cashConversion component 1 (2022-02-18) · cashConversion component 2 (2022-02-18) · cashConversion component 3 (2022-02-18) roce component 1 (2022-02-18) |
Annual operating facts
Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.
| Fiscal end | Revenue (USD) | Operating margin (%) | Net margin (%) | Inputs & filing sources |
|---|---|---|---|---|
| 2025-12-31 | 1,043,857,000.00 | 4.08 | Unavailable | Inputs & filingsrevenue: 1043857000; operatingIncome: 42631000; netIncome: Consolidated income including noncontrolling interests is not confirmed revenue (2026-02-10)operatingIncome (2026-02-10) |
| 2024-12-31 | 636,528,000.00 | -27.16 | Unavailable | Inputs & filingsrevenue: 636528000; operatingIncome: -172856000; netIncome: Consolidated income including noncontrolling interests is not confirmed revenue (2026-02-10)operatingIncome (2026-02-10) |
| 2023-12-31 | 513,562,000.00 | -49.95 | Unavailable | Inputs & filingsrevenue: 513562000; operatingIncome: -256525000; netIncome: Consolidated income including noncontrolling interests is not confirmed revenue (2026-02-10)operatingIncome (2026-02-10) |
| 2022-12-31 | 842,444,000.00 | -13.52 | -12.90 | Inputs & filingsrevenue: 842444000; operatingIncome: -113863000; netIncome: -108665000 revenue (2025-02-14)operatingIncome (2025-02-14) netIncome (2023-02-16) |
| 2021-12-31 | 848,589,000.00 | 16.60 | 15.96 | Inputs & filingsrevenue: 848589000; operatingIncome: 140881000; netIncome: 135443000 revenue (2024-02-15)operatingIncome (2024-02-15) netIncome (2023-02-16) |
| 2020-12-31 | 233,416,000.00 | 5.04 | 2.39 | Inputs & filingsrevenue: 233416000; operatingIncome: 11765000; netIncome: 5579000 revenue (2023-02-16)operatingIncome (2023-02-16) netIncome (2023-02-16) |
| 2019-12-31 | 164,189,000.00 | -2.79 | -3.06 | Inputs & filingsrevenue: 164189000; operatingIncome: -4575000; netIncome: -5020000 revenue (2022-02-18)operatingIncome (2022-02-18) netIncome (2022-02-18) |
Upstart Holdings, Inc. (UPST) P/E ratio history
The interactive P/E chart contains all 304 stored weekly price points (2020-12-18–2026-10-08); 94 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.
Fiscal-year-end snapshots
2 eligible fiscal-year-end observations span 2021-12-31–2025-12-31. Latest eligible diluted P/E: 105.49×; basic P/E: 84.77×, for fiscal end 2025-12-31, using the close on 2025-12-26.
Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.
Explore the P/E chart and optional reference lines · How P/E history is calculated.
Complete annual P/E history (7 fiscal periods)
| Fiscal end | Price date | Close | Price basis | Basic P/E | Diluted P/E | EPS filings |
|---|---|---|---|---|---|---|
| 2025-12-31 | 2025-12-26 | 47.47 | Adjusted close | 84.77 | 105.49 | Basic EPS (2026-02-10) Diluted EPS (2026-02-10) |
| 2024-12-31 | 2024-12-27 | 67.98 | Adjusted close | Unavailable | Unavailable | Basic EPS (2026-02-10) Diluted EPS (2026-02-10) |
| 2023-12-31 | 2023-12-29 | 40.86 | Adjusted close | Unavailable | Unavailable | Basic EPS (2026-02-10) Diluted EPS (2026-02-10) |
| 2022-12-31 | 2022-12-30 | 13.22 | Adjusted close | Unavailable | Unavailable | Basic EPS (2025-02-14) Diluted EPS (2025-02-14) |
| 2021-12-31 | 2021-12-31 | 151.30 | Adjusted close | 87.46 | 105.80 | Basic EPS (2024-02-15) Diluted EPS (2024-02-15) |
| 2020-12-31 | 2020-12-31 | 40.75 | Adjusted close | Unavailable | Unavailable | Basic EPS (2023-02-16) Diluted EPS (2023-02-16) |
| 2019-12-31 | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Basic EPS (2022-02-18) Diluted EPS (2022-02-18) |
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