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Upstart Holdings, Inc.

UPST

Upstart is a leading artificial intelligence lending marketplace that utilizes proprietary machine learning models to automate and optimize the credit underwriting process.

Market cap
$2.63B-66.8%
Revenue$1.1B+57.7%
Net income$49.4M+174%
Free cash flow-$392.5M-361%
EPS (diluted)$0.38+151%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$352.3M
EPS estimate$0.19

Financials

Q1 2026

Income statement

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Revenue$308.2M+44.4%
Operating income-$7.5M-67.2%
Net income-$6.6M-172%
EPS (diluted)-$0.07-133%

Balance sheet

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Cash & equivalents$931.3M+10.9%
Total debt$1.9B+40.3%
Total equity$733.2M+8.4%
Total assets$3.0B+29.0%

Cash flow

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Operating cash flow-$133.3M-888%
CapEx$2.8M
Free cash flow-$136.0M-909%

Valuation & ratios

Valuation

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Market cap$2.63B-66.8%
Enterprise value$3.64B-57.7%
P/E53.3×
P/S2.3×-6.9×

Profitability

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Operating margin3.5%+1.9pp
Net margin4.3%+2.6pp

Returns & leverage

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Return on equity7%+4.4pp
Debt / equity2.6×+0.6×

Competitors

Profile

Upstart is a leading artificial intelligence lending marketplace that utilizes proprietary machine learning models to automate and optimize the credit underwriting process. The company connects consumers with a network of bank and credit union partners and institutional investors to provide unsecured and secured credit products. Its core value proposition lies in its ability to more accurately quantify risk through non-traditional variables, leading to higher approval rates and lower interest rates for borrowers.

Competitive position

A pioneer in AI-driven credit underwriting that differentiates itself through a decade of proprietary training data and high levels of loan automation.

GeographiesUnited States
Customer segmentsRetail Consumers, Financial Institutions, Institutional Investors, Automotive Retailers
Business modelUsage-based platform, Marketplace, Software-as-a-Service (SaaS), Loan Servicing
SuppliersCredit Bureaus, Cloud Infrastructure Providers, Data Aggregators, Investment Banks (for securitization)
CustomersIndividual Borrowers, Commercial Banks, Credit Unions, Asset Managers, Hedge Funds
Listed2020
Employees1.4K
CEOPaul Gu
FilingsSEC EDGAR

Questions, answered.

What is Upstart Holdings, Inc.'s market cap?
Upstart Holdings, Inc. (UPST) has a market capitalization of $2.6B and trades on NASDAQ.
What is Upstart Holdings, Inc.'s revenue and profitability?
Upstart Holdings, Inc. generated $1.1B in trailing twelve-month revenue with net income of $49.4M, representing a net margin of 4.3%, with free cash flow of -$392.5M. These figures are based on the Q1 2026 filing.
Who are Upstart Holdings, Inc.'s competitors?
Upstart Holdings, Inc.'s key competitors include SoFi, Pagaya Technologies, Affirm, and others. These companies compete in similar markets and product categories.
Who does Upstart Holdings, Inc. partner with?
Upstart Holdings, Inc.'s notable partners include FICO.
Where is Upstart Holdings, Inc. headquartered?
Upstart Holdings, Inc. is headquartered in United States of America and employs approximately 1,388 people. It has been publicly traded since 2020.