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Upstart Holdings, Inc. UPST Price / book

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Other financials

Income statement

Revenue$308.2M+44.4%

Operating income-$7.5M-67.2%

Net income-$6.6M-172%

EPS (diluted)-$0.07-133%

Balance sheet

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

Operating cash flow-$133.3M-888%

CapEx$2.8M—

Free cash flow-$136.0M-909%

Valuation

Market cap$3.01B-43.6%

Enterprise value$4.02B-29.1%

P/E61×—

P/S2.6×-4.7×

Profitability

Operating margin3.5%+1.9pp

Net margin4.3%+2.6pp

FCF margin27%+16.9pp

Returns & leverage

Return on equity7%+4.4pp

Debt / equity2.6×+0.6×

Where this comes from

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

market cap/total stockholders equity=3.3×

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 price / book?: Upstart Holdings, Inc. (UPST) reported price / book of 3.3× in Q1 2026.
How has Upstart Holdings, Inc.'s price / book changed year-over-year?: Upstart Holdings, Inc.'s price / book decreased by 47.9% year-over-year, from 6.4× to 3.3×.
What is the long-term trend for Upstart Holdings, Inc.'s price / book?: Over 5 years (2020 to 2025), Upstart Holdings, Inc.'s price / book has grown at a -13.7% compound annual growth rate (CAGR), from 11.1× to 5.3×.
What does price / book mean?: Market capitalization at the quarter end divided by shareholders' equity. The premium (or discount) the market assigns to the company's book equity.