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EV / sales at other companies

Enova International logo
Enova InternationalENVA
2.5×+0.3×
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
4.7×0.0×
Affirm Holdings, Inc. logo
Affirm Holdings, Inc.AFRM
5.6×-1.3×
Dave, Inc. logo
Dave, Inc.DAVE
3.6×+0.7×
Ally Financial logo
Ally FinancialALLY
2.8×+0.5×
nCino, Inc. logo
nCino, Inc.NCNO
3.6×-1.1×

Other financials

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

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Market cap$3.12B-43.6%

Profitability

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Operating margin3.5%+1.9pp
Net margin4.3%+2.6pp
FCF margin27%+16.9pp

Returns & leverage

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

Where this comes from

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

Based on the most recent quarter.

The official record: Upstart Holdings, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Upstart Holdings, Inc.'s EV / sales?
Upstart Holdings, Inc. (UPST) reported EV / sales of 3× in Q1 2026.
How has Upstart Holdings, Inc.'s EV / sales changed year-over-year?
Upstart Holdings, Inc.'s EV / sales decreased by 55.1% year-over-year, from 6.7× to 3×.
What is the long-term trend for Upstart Holdings, Inc.'s EV / sales?
Over 5 years (2020 to 2025), Upstart Holdings, Inc.'s EV / sales has grown at a -18.7% compound annual growth rate (CAGR), from 13.6× to 4.8×.
What does EV / sales mean?
Enterprise value at the quarter end divided by trailing-twelve-month revenue. A capital-structure-neutral revenue multiple, useful when earnings are negative.