Upstart Holdings, Inc. (UPST) stock

UPSTNasdaqFinance ServicesFiscal year ends December 31

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 12/3013% below fair value

$19.56+0.41 (+2.14%)

Close on Nov 13, 2026Market cap $1.90BP/E 39.9Yield –

Upstart statistics

78 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: Feb 9, 2027 (estimated, during market hours)
Last ex-dividend date: No dividends
Fundamentals through: Jun 30, 2026
Share price as of: Nov 13, 2026

Valuation ratiosIndustry

Market Cap: $1.90B; $238.70M
Enterprise Value: $1.45B; $206.84M
PE Ratio: 39.92; 9.01
PS Ratio: 1.53; 2.80
PB Ratio: 2.39; 0.95
P/TBV Ratio: 2.63; 1.13

Enterprise valuationIndustry

EV / Sales: 1.16; 2.54
EV / EBITDA: 19.23; 6.29
EV / EBIT: 29.12; 10.57

Share statisticsIndustry

Shares Outstanding: 97M; 55M
Shares Change (YoY): 12.9%; 13.6%
Shares Change (QoQ): 1.67%; 0.11%
Float: 85M; 40M
Shares Held by Insiders: 12.3%; 18.2%
Shares Held by Institutions: 60.0%; 27.7%

Short sellingIndustry

Short Interest: 27M; –
Short Interest Change: -1.43%; -0.08%
Short % of Float: 31.1%; 6.48%
Short % of Shares Outstanding: 27.2%; 5.35%
Days to Cover: 7.89; 3.79

Stock price statisticsIndustry

52-Week High: $52.10; –
52-Week Low: $18.91; –
20-Day Moving Average: $22.45; –
50-Day Moving Average: $23.70; –
200-Day Moving Average: $28.67; –
Average True Range (14): $1.37; –
Price Change (1 Week): -10.6%; -4.00%
Price Change (1 Month): -21.0%; -17.2%
Price Change (3 Months): -34.3%; -15.4%
Price Change (6 Months): -33.7%; -32.2%
Price Change (YTD): -55.3%; -37.2%
Price Change (1 Year): -50.6%; -50.6%
Price Change (3 Years): -23.1%; -32.7%
Price Change (5 Years): -92.6%; -81.6%
Average Volume (10 Days): 7M; –
Average Volume (20 Days): 5M; –
Average Volume (90 Days): 4M; –
Relative Volume: 1.15; 0.72
Relative Strength Index (14): 35.5; 39.6
Volatility (1 Year): 64.8%; 94.5%
Beta (5 Years): 3.17; 1.24

MarginsIndustry

Operating Margin: 3.99%; -134.4%
Profit Margin: 4.84%; -19.4%
EBITDA Margin: 6.04%; -66.0%
FCF Margin: -23.2%; -32.1%

Returns on capitalIndustry

Return on Equity (ROE): 7.94%; -20.8%
Return on Assets (ROA): 2.14%; -7.97%
Return on Invested Capital (ROIC): 21.7%; -25.6%

GrowthIndustry

Revenue Growth (YoY): 46.3%; 15.4%
Revenue Growth (3Y CAGR): 7.41%; 5.94%
Revenue Growth (5Y CAGR): 34.9%; 10.7%

EfficiencyIndustry

Asset Turnover: 0.44; 0.16
Revenue Per Employee: $886.92K; $675.54K
Profits Per Employee: $42.94K; -$170.28K
Employee Count: 1,405; 47
WACC: 17.6%; 11.0%

Income statement (TTM)Industry

Revenue: $1.25B; $63.78M
Operating Income: $49.71M; -$13.20M
Net Income: $60.33M; -$3.15M
EBITDA: $75.28M; -$7.83M
EPS (Diluted): $0.49; -$0.01

Balance sheetIndustry

Cash & Short-Term Investments: $455.96M; $19.18M
Net Cash (Debt): $455.96M; $7.04M
Net Cash Per Share: $4.69; $0.19
Equity (Book Value): $797.49M; $224.68M
Book Value Per Share: $8.20; $4.10
Tangible Book Value: $722.71M; $156.69M

Cash flow (TTM)Industry

Operating Cash Flow: -$284.01M; -$5.12M
Capital Expenditures: -$5.04M; -$4.95M
Free Cash Flow: -$289.05M; -$13.57M
FCF Per Share: -$2.97; -$0.22

Dividends and yieldsIndustry

Earnings Yield: 3.17%; -13.4%
FCF Yield: -15.2%; -15.4%

Taxes and interestIndustry

Income Tax: $1.35M; $213.00K

Scores and fair valueIndustry

Graham Number: $9.51; $31.08
Graham Upside: -51.4%; 16.5%
Altman Z-Score: 0.77; 0.36
Piotroski F-Score: 4; 4

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 13, 2026. The S&P 500 is measured by the SPY fund.

Period	UPST	S&P 500	Difference	UPST per year	S&P 500 per year
1 month	-17.9%	-3.0%	−14.9 pts
3 months	-36.8%	-2.8%	−34.1 pts
Year to date	-55.3%	+11.5%	−66.8 pts
1 year	-47.5%	+13.5%	−61.0 pts
3 years	-10.4%	+77.7%	−88.1 pts	-3.6%	+21.1%
5 years	-92.6%	+72.6%	−165.2 pts	-40.6%	+11.5%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

27M UPST shares were sold short on Oct 30, 2026, down 1.4% from the previous report, or 31.05% of the shares available to trade. At recent volumes it would take 7.9 days to buy them back. Over the last 20 sessions, 48.0% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	26,501,994	-1.4%	3,360,218	7.9
Oct 15, 2026	26,885,428	-5.9%	4,191,660	6.4
Sep 30, 2026	28,569,957	+3.3%	4,587,517	6.2
Sep 15, 2026	27,649,788	+6.6%	4,028,630	6.9
Aug 31, 2026	25,946,861	+4.7%	4,168,492	6.2
Aug 14, 2026	24,779,256	-1.8%	5,333,196	4.7
Jul 31, 2026	25,223,623	-3.6%	3,449,070	7.3
Jul 15, 2026	26,176,982	+1.3%	3,672,305	7.1
Jun 30, 2026	25,838,509	-3.7%	4,635,359	5.6
Jun 15, 2026	26,825,714	-3.0%	4,675,871	5.7
May 29, 2026	27,642,739	+3.6%	4,784,618	5.8
May 15, 2026	26,674,083	-1.1%	5,322,672	5.0