What is Upstart Holdings, Inc.'s price / earnings?

Upstart Holdings, Inc. (UPST) reported price / earnings of 49.3× in Q1 2026.

What is the long-term trend for Upstart Holdings, Inc.'s price / earnings?

Over 2 years (2020 to 2025), Upstart Holdings, Inc.'s price / earnings has grown at a -62.3% compound annual growth rate (CAGR), from 558.2× to 79.4×.

What does price / earnings mean?

Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.

Upstart Holdings, Inc. UPST Price / earnings

Price / earnings at other companies

Enova InternationalENVA

10.4×-0.2×

SoFi Technologies, Inc.SOFI

35.1×+8.6×

Affirm Holdings, Inc.AFRM

39.9×—

Dave, Inc.DAVE

10.3×-10.4×

Ally FinancialALLY

8.7×-28.7×

Blue Owl Technology Finance Corp.OTF

13.7×—

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$3.01B-43.6%

Enterprise value$4.02B-29.1%

P/S2.6×-4.7×

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.

market cap/net income=49.3×

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 / earnings?: Upstart Holdings, Inc. (UPST) reported price / earnings of 49.3× in Q1 2026.
What is the long-term trend for Upstart Holdings, Inc.'s price / earnings?: Over 2 years (2020 to 2025), Upstart Holdings, Inc.'s price / earnings has grown at a -62.3% compound annual growth rate (CAGR), from 558.2× to 79.4×.
What does price / earnings mean?: Market capitalization at the quarter end divided by trailing-twelve-month net income. The price the market pays for each dollar of trailing earnings.