Upstart Holdings, Inc.
Company Stats
- Market Cap
- $2.2B
- as of Sep 30, 2026
- Enterprise Value
- $3.4B
- Shares Outstanding
- 97.3M
- Free Float
- 84.8%
Income Statement
- Revenue
- $1.0B
- Operating Income
- $42.6M
- Net Income
- $53.6M
- EBITDA
- $67.5M
- Revenue Growth, 3Y
- 7.4%
- FCF Margin, 3Y Avg
- -2.4%
- FCF Margin, Worst Year
- -22.0%
Cash Flow
- Free Cash Flow
- -$148.1M
- FCF Yield
- -6.6%
- Owner FCF Yield
- -12.5%
Balance Sheet
- Cash & Equivalents
- $652.4M
- Total Debt
- $1.8B
- Net Debt
- $1.2B
- Net Debt / EBITDA
- 17.44x
- EV / EBITDA
- 50.60x
- Net Debt / EBIT
- 27.60x
Returns & Capital
- SBC, 3Y Avg
- $146.8M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $1.0B | -$148.1M | -14.2% |
| FY2024 | $636.5M | $185.5M | 29.1% |
| FY2023 | $513.6M | -$113.2M | -22.0% |
| FY2022 | $842.4M | -$666.7M | -79.1% |
| FY2021 | $848.6M | $159.9M | 18.8% |
Annual filing data through FY ended December 31, 2025; shares and float as of November 2, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges