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Debt-to-equity at other companies

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3.4×+0.1×
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0.0×
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12.5×+12.5×
LPR
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1.1×-0.6×
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SoFi Technologies, Inc.SOFI
0.3×-0.3×

Other financials

Income statement

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Revenue$364.7M+41.7%
Operating income$14.6M+222%
Net income$16.5M+195%
EPS (diluted)$0.16+220%

Balance sheet

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Cash & equivalents$456.0M-35.0%
Total debt$2.0B+37.6%
Total equity$797.5M+10.5%
Total assets$3.2B+28.0%

Cash flow

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Operating cash flow-$136.6M-13.7%
CapEx$2.1M+1,690%
Free cash flow-$138.7M-15.3%

Valuation

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Market cap$2.89B-55.2%
Enterprise value$4.46B-38.3%
P/E47.9×
P/S2.3×-5.3×

Profitability

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Operating margin4%+2.5pp
Net margin4.8%+4.3pp
FCF margin27%+16.9pp

Returns & leverage

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Return on equity7.9%+7.2pp

Where this comes from

Calculated from Upstart Holdings, Inc.’s reported figures.

Based on the most recent quarter.

The source filing: Upstart Holdings, Inc.’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 4:05 PM EDT
Accession
0001647639-26-000062

FAQ

What is Upstart Holdings, Inc.'s debt-to-equity?
Upstart Holdings, Inc. (UPST) reported debt-to-equity of 2.5× in Q2 2026.
How has Upstart Holdings, Inc.'s debt-to-equity changed year-over-year?
Upstart Holdings, Inc.'s debt-to-equity increased by 24.5% year-over-year, from 2× to 2.5×.
What is the long-term trend for Upstart Holdings, Inc.'s debt-to-equity?
Over 5 years (2020 to 2025), Upstart Holdings, Inc.'s debt-to-equity has grown at a 53.3% compound annual growth rate (CAGR), from 0.3× to 2.3×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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