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EV / EBITDA at other companies

Enova International logo
Enova InternationalENVA
12.6×+3.3×
DeFi Development Corp. logo
DeFi Development Corp.DFDV
5.8×
LPR
LPROLPRO
18.3×+10.9×
OppFi logo
OppFiOPFI
0.7×-0.3×
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
8.8×+0.1×
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
30.4×-2,653×

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
Debt / equity2.5×+0.5×

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 10-Q, filed May 5, 2026. Open the filing →

Filed
May 5, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001647639-26-000046

FAQ

What is Upstart Holdings, Inc.'s EV / EBITDA?
Upstart Holdings, Inc. (UPST) reported EV / EBITDA of 53.9× in Q1 2026.
What is the long-term trend for Upstart Holdings, Inc.'s EV / EBITDA?
Over 2 years (2020 to 2025), Upstart Holdings, Inc.'s EV / EBITDA has grown at a -42.4% compound annual growth rate (CAGR), from 225.8× to 74.8×.
What does EV / EBITDA mean?
Enterprise value (market cap plus total debt minus cash) at the quarter end divided by trailing-twelve-month EBITDA. A capital-structure-neutral valuation multiple.

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