Where do Upstart Holdings, Inc.'s ratios come from?

Every ratio is computed from Upstart Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	FY'25	FY'24	FY'23	FY'22
Profitability
Operating margin	4.1%+31.2pp	-27.2%+22.8pp	-50%-36.4pp	-13.5%-30.1pp
Net margin	5.1%+25.3pp	-20.2%+26.6pp	-46.8%-33.9pp	-12.9%-28.9pp
EBITDA margin	6.5%+30.4pp	-23.9%+21.2pp	-45.1%-33.2pp	-11.9%-29.4pp
Returns
Return on equity	7.5%+27.8pp	-20.3%+16.5pp	-36.7%-22.0pp	-14.7%-39.2pp
Return on assets	2%+7.9pp	-5.9%+6.3pp	-12.1%-6.4pp	-5.8%-17.6pp
Return on invested capital	3.2%+17.1pp	-13.9%+5.0pp	-19%-7.3pp	-11.7%-49.3pp
Efficiency
Asset turnover	0.4×+0.1×	0.3×0.0×	0.3×-0.2×	0.4×-0.3×
Leverage
Debt-to-equity	2.3×0.0×	2.3×+0.6×	1.7×+0.1×	1.6×+0.6×
Debt-to-assets	0.6×0.0×	0.6×+0.1×	0.5×0.0×	0.6×+0.1×
Net debt / EBITDA	11.8×—	——	——	——
Interest coverage	1.3×+5.6×	-4.3×+3.1×	-7.4×+3.1×	-10.5×-53.5×
Per Share
Book value per share	$7.43+5.0%	$7.08-6.7%	$7.58-6.6%	$8.12-4.6%
Valuation
Market capitalization	$4.25B-24.3%	$5.62B+61.6%	$3.48B+221%	$1.08B-91.3%
Enterprise value	$5.05B-17.2%	$6.09B+44.7%	$4.21B+141%	$1.75B-85.7%
Price / earnings	79.4×—	——	——	——
Price / sales	4.1×-4.7×	8.8×+2.1×	6.8×+5.5×	1.3×-13.3×
Price / book	5.3×-3.5×	8.9×+3.4×	5.5×+3.9×	1.6×-13.8×
EV / EBITDA	74.8×—	——	——	——
EV / sales	4.8×-4.7×	9.6×+1.4×	8.2×+6.1×	2.1×-12.3×
Earnings yield	1.3%+3.5pp	-2.3%+4.6pp	-6.9%+3.1pp	-10%-11.1pp

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Questions, answered.

Where do Upstart Holdings, Inc.'s ratios come from?: Every ratio is computed from Upstart Holdings, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.