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Updated: Apr 11, 2026
UPST Logo

Upstart Holdings

NASDAQ:UPST·Stock Analysis Report
Day Range
$26.81 - $27.87
Market Cap
2.59B
P/E Ratio
60.9111
Avg Value
$55.63
Year Range
$23.97 - $87.30
$27.26-$0.15 (-0.55%)
1
General Information
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform.

The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).

2
Upstart Holdings (UPST) Stock Graph
3
How We Grade Upstart Holdings (UPST)

We grade stocks based on past performance, their future growth potential, intrinsic value, dividend history, and overall financial health.

The chart below shows how we grade Upstart Holdings (UPST) across the board compared to its closest peers.

4
Benzinga Edge Rankings

Benzinga Edge stock rankings give you four critical scores to help you identify the strongest and weakest stocks to buy and sell.

96.97

Growth measures a stock's combined historical expansion in earnings and revenue across multiple time periods, with emphasis on both long-term trends and recent performance.

Momentum measures a stock's relative strength based on its price movement patterns and volatility over multiple timeframes, ranked as a percentile against other stocks.

Quality is a composite ranking that evaluates a company's operational efficiency and financial health by analyzing historical profitability metrics and fundamental strength indicators on a percentile basis relative to peers.

Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
5
Peer Ratings

See how Upstart Holdings compares to its peers in these key performance metrics from Benzinga Rankings.

Top Peers
Value
Quality
Growth
Momentum
Short
Medium
Long
DAVEDave
57.77
N/A
98.79
79.61
QFINQfin Holdings
N/A
90.76
46.69
2.21
ECPGEncore Capital Group
85.24
70.84
97.73
95.64
EZPWEZCORP
81.04
79.28
91.00
90.91
Short: price trend over the last couple of months
Medium: price trend over the last couple of quarters
Long: price trend over the past year
Stock Score Locked: Want to See it?
Benzinga Rankings give you vital metrics on any stock – anytime.
6
Future Growth
Our estimate of future price growth is based on an aggregation of 9 analyst ratings over the past 3 months and their 12-month price targets.

Below, you can see that analysts are estimating a 12-month price target range of $20.00 - $56.00 with an average of $38.82

42.19%
Expected movement for Upstart Holdings (UPST) over the next 12 months
Based on these rankings

Recent Ratings for Upstart Holdings (UPST)

BTIG
Date:
Apr 9, 2026
Action:
Reiterates
Prev. Target:
$43.00
New Target:
$43.00
Mizuho
Date:
Mar 26, 2026
Action:
Maintains
Prev. Target:
$66.00
New Target:
$51.00
Needham
Date:
Mar 11, 2026
Action:
Reiterates
Prev. Target:
$40.00
New Target:
$40.00
Needham
Date:
Mar 4, 2026
Action:
Maintains
Prev. Target:
$56.00
New Target:
$40.00
Citizens
Date:
Feb 18, 2026
Action:
Reiterates
Prev. Target:
$20.00
New Target:
$20.00
Compass Point
Date:
Feb 17, 2026
Action:
Upgrades
Prev. Target:
$20.00
New Target:
$30.00
Goldman Sachs
Date:
Feb 13, 2026
Action:
Upgrades
Prev. Target:
$44.00
New Target:
$35.00
Truist Securities
Date:
Feb 11, 2026
Action:
Maintains
Prev. Target:
$59.00
New Target:
$49.00
Needham
Date:
Feb 11, 2026
Action:
Reiterates
Prev. Target:
$56.00
New Target:
$56.00
7
Valuation

Earnings History (3 years)

It is important to look at a companies earnings history to see not only if they are profitable, but if their earnings are growing.
As you can see from the chart above, UPST's earnings have fluctuated but has increased since, this is a positive sign for the stock.
8
Past Performance
How has Upstart Holdings (UPST) performed over the past 5 years?

The two main factors that we consider when analyzing past performance is overall return and volatility

Using these two metrics, we can determine if this stock gave its investors enough return for the risk that they took on by owning it. This is measured by the sharpe ratio, which has been used as a primary measure of risk/reward trade-off for almost 60 years.

This ratio can be interpreted as the amount of return an investor has received for the amount of risk that they took on by owning the stock over that timeframe.

Upstart Holdings (UPST) sharpe ratio over the past 5 years is -0.5043 which is considered to be below average compared to the peer average of -0.0173

9
Analyzing Upstart Holdings (UPST) Recent Options Activity
Below, you can see the trend in options sentiment over the past 30 days.

Based on our data, UPST's options trades have recently carried more negative sentiment than positive.

10
Company Financials
INCOME STATEMENT
The income statement also known as the profit and loss statement, primarily focuses on the company's revenues and expenses during a particular period.

The main purpose of an income statement is to convey details of profitability and business activities. Below, is UPST's income statement for the previous four years along with its trailing-twelve- month profit & loss.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Revenue
0.84
0.51
0.63
1.02
1.02
Operating Revenue
0.84
0.51
0.63
1.02
1.02
Cost Of Revenue
Gross Profit
Operating Expense
Selling General And Administration
0.72
0.49
0.56
0.74
0.74
Research and Development
Operating Income
Net Non-Operating Interest Income Expense
Other Income Expense
Other Non-Operating Income Expenses
0.01
0.02
0.02
0.02
0.02
Pre-Tax Income
-0.11
-0.24
-0.13
0.05
0.05
Tax Provision
0.00
0.00
0.00
0.00
0.00
Net Income
-0.11
-0.24
-0.13
0.05
0.05
Net Income Common Stockholders
-0.11
-0.24
-0.13
0.05
0.05
Total Operating Income As Reported
Total Expenses
Net Income From Continuing And Discontinued Operation
-0.11
-0.24
-0.13
0.05
0.05
Normalized Income
-0.11
-0.23
-0.15
0.05
0.05
Interest Income
0.11
0.17
0.19
0.20
0.20
Interest Expense
0.01
0.03
0.05
0.05
0.05
Net Interest Income
0.09
0.13
0.14
0.15
0.15
EBIT
EBITDA
Reconciled Cost Of Revenue
Reconciled Depreciation
0.01
0.02
0.02
0.02
0.02
Normalized EBITDA
Tax Rate For Calcs
0.00
0.00
0.00
0.00
0.03
Tax Effect Of Unusual Items
0.00
0.00
0.01
0.00
0.00
BALANCE SHEET
The balance sheet is a snapshot of a companies financials during a particular period in time.

It breaks down what company owns (assets) and what a company owes (liabilities), in order to give investors an overview of its capital structure.

FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Total Assets
1.94
2.02
2.37
2.97
2.97
Current Assets
Total Non-Current Assets
Total Liabilities Net Minority Interest
1.26
1.38
1.73
2.18
2.18
Current Liabilities
Other Non-Current Liabilities
Total Equity Gross Minority Interest
0.67
0.64
0.63
0.80
0.80
Stockholders Equity
Total Capitalization
1.32
1.29
1.84
2.53
2.53
Common Stock Equity
0.67
0.64
0.63
0.80
0.80
Net Tangible Assets
0.59
0.56
0.56
0.72
0.72
Working Capital
Invested Capital
1.66
1.68
2.04
2.63
2.63
Tangible Book Value
0.59
0.56
0.56
0.72
0.72
Total Debt
1.09
1.10
1.45
1.85
1.85
Net Debt
0.55
0.66
0.61
1.17
1.17
Share Issued
0.08
0.09
0.09
0.10
0.10
Ordinary Shares Number
0.08
0.09
0.09
0.10
0.10
CASH FLOW STATEMENTS
A companies statement of cash flows gives an investor a break down of the cash inflows and outflows from a companies operations and investment activities.
FISCAL YEAR (BIL.)
2022 ($)
2023 ($)
2024 ($)
2025 ($)
TTM ($)
Cash Flow from Continuing Operating Activities
-0.67
-0.16
0.19
-0.15
-0.15
Net Income from Continuing Operations
-0.11
-0.24
-0.13
0.05
0.05
Depreciation and Amortization
0.01
0.02
0.02
0.02
0.02
Deferred Tax
Deferred Income Tax
Stock-Based Compensation
0.13
0.18
0.13
0.13
0.13
Other Non-Cash Items
-0.85
-0.29
0.16
-0.37
-0.37
Change in Working Capital
-0.02
-0.06
0.03
0.03
0.03
Change in Receivables
Changes in Account Receivables
Change in Inventory
Change in Payables and Accrued Expense
-0.04
-0.05
0.04
0.04
0.04
Change in Payable
0.00
-0.05
Change in Account Payable
0.01
-0.01
Change in Other Current Assets
0.00
-0.01
-0.01
-0.01
-0.01
Change in Other Current Liabilities
-0.03
0.00
Change in Other Working Capital
0.01
-0.01
0.00
0.00
0.00
Cash Flow from Continuing Investing Activities
-0.11
-0.12
-0.24
-0.18
-0.18
Net PPE Purchase and Sale
-0.01
0.00
0.00
0.00
0.00
Net Business Purchase and Sale
Purchase of Business
Net Investment Purchase and Sale
-0.01
0.00
Purchase of Investment
-0.01
0.00
Sale of Investment
Net Other Investing Changes
0.01
-0.05
-0.06
0.16
0.16
Financing Cash Flow
0.13
0.21
0.56
0.41
0.41
Cash Flow from Continuing Financing Activities
0.13
0.21
0.56
0.41
0.41
Net Issuance Payments of Debt
0.29
0.19
0.56
0.39
0.39
Net Long-Term Debt Issuance
0.29
0.19
0.56
0.39
0.39
Long-Term Debt Issuance
0.69
0.79
1.30
0.97
0.97
Long-Term Debt Payments
-0.40
-0.60
-0.74
-0.58
-0.58
Net Short-Term Debt Issuance
Net Common Stock Issuance
Common Stock Issuance
Common Stock Payments
Cash Dividends Paid
Net Other Financing Charges
0.00
-0.03
-0.01
-0.01
End Cash Position
3.29
2.04
2.63
3.43
3.43
Changes in Cash
-0.66
-0.06
0.51
0.08
0.08
Beginning Cash Position
3.95
2.11
2.12
3.35
3.35
Capital Expenditure
-0.02
-0.01
-0.01
-0.02
-0.02
Issuance of Capital Stock
Issuance of Debt
0.69
0.79
1.30
0.97
0.97
Repayment of Debt
-0.40
-0.60
-0.74
-0.58
-0.58
Repurchase of Capital Stock
Free Cash Flow
-0.70
-0.17
0.18
-0.17
-0.17