Upstart Holdings, Inc. (UPST) Stock Price & Analysis
Upstart Holdings, Inc. (UPST) closed at USD 23.85 on Thursday, October 22, 2026, up 0.80% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 23.66; the Oct 22, 2026 session ranged USD 23.42–24.35 on volume of 3,078,531 shares. Market capitalization is $2.32B, with a 52-week range of USD 22.21–55.22 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:12 UTC.
Also available as compact Markdown for AI agents: nexqual.com/UPST.md
Key facts (UPST)
- Last four reported quarters (through Jun 30, 2026): revenue $1.25B, net income $60.3M (4.8% margin) (SEC filings).
- Valuation: P/E 38.5x (avg 87.7x at the last 1 fiscal year-ends).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (16 analysts), mean target USD 38.38 (range 18–61).
- Total return with dividends: 1Y -54.2% vs S&P 500 +14.9%; 5Y -93.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD 0.65, revenue estimate $365M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (UPST)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $849M | $907M | $514M | $637M | $1.04B | $1.25B |
| Operating income | $141M | -$114M | -$257M | -$173M | $42.6M | $49.7M |
| Net income | $135M | -$109M | -$240M | -$129M | $53.6M | $60.3M |
| EPS (diluted) | $1.43 | -$1.31 | -$2.87 | -$1.44 | $0.45 | — |
| Free cash flow | $160M | -$667M | -$113M | $185M | -$148M | -$289M |
| Operating margin | 16.6% | -12.6% | -50.0% | -27.2% | 4.1% | 4.0% |
| Net margin | 16.0% | -12.0% | -46.8% | -20.2% | 5.1% | 4.8% |
| Revenue growth | +263.6% | +6.9% | -43.4% | +23.9% | +64.0% | — |
| Cash + short-term investments | $1.19B | $532M | $368M | $788M | $652M | — |
| Total debt | $695M | $986M | $1.04B | $1.40B | $1.83B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (UPST)
P/E 38.5x · P/S 1.9x · P/B 2.9x · FCF yield -12.45% · Earnings yield 2.60%
P/E at fiscal year-ends: Dec 2025 87.7x.
Analysts (UPST)
Consensus Hold (mean 2.50 on a 1–5 scale), 16 analysts; mean target USD 38.38 (low 18, high 61).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Citizens | Target lowered | Market Underperform | $20 → $18 |
| 2026-10-13 | Goldman Sachs | Target lowered | Neutral | $39 → $28 |
| 2026-09-22 | BTIG | Reiterated | Buy | $43 |
| 2026-09-09 | Loop Capital | Initiated | Hold | $34 |
| 2026-08-05 | Needham | Target raised | Buy | $40 → $42 |
| 2026-08-05 | Piper Sandler | Target raised | Overweight | $46 → $51 |
| 2026-08-05 | BTIG | Reiterated | Buy | $43 |
| 2026-07-22 | Citigroup | Target lowered | Buy | $80 → $61 |
| 2026-07-09 | Goldman Sachs | Target raised | Neutral | $32 → $39 |
| 2026-07-07 | Needham | Target raised | Buy | $37 → $40 |
| 2026-07-07 | BTIG | Reiterated | Buy | $43 |
Total return (dividends reinvested) (UPST)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -54.2% | -93.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -54.4% | -41.2% |
| Volatility (annualized) | 64.9% | 100.5% |
| Max drawdown | -56.9% (Oct 2025→Oct 2026) | -96.2% (Oct 2021→Mar 2023) |
UPST analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.65 | $0.66 | -1.5% | $364.8M | 6 |
| Next quarter (ends Dec 2026) | $0.74 | $0.81 | -9.1% | $382.3M | 6 |
| Current fiscal year (ends Dec 2026) | $2.29 | $2.31 | -1.0% | $1.42B | 8 |
| Next fiscal year (ends Dec 2027) | $3.57 | $3.37 | +6.0% | $1.86B | 8 |
Key Statistics (as of October 23, 2026 at 10:12 UTC)
| Price | USD 23.85 |
|---|---|
| Change | ▲ 0.80% (up) |
| Previous Close | USD 23.66 |
| Open | USD 23.42 |
| Day Range | USD 23.42 – 24.35 |
| 52-Week Range | USD 22.21 – 55.22 |
| Volume | 3,078,531 shares |
| Market Cap | $2.32B |
| Exchange | NMS |
Technical Analysis (UPST)
Nexqual's technical model rates UPST "SELL" based on 1 bullish and 4 bearish signals across 127 daily candles, as of October 23, 2026 at 10:12 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 44.21 (neutral) |
| vs SMA50 | Below (USD 26.08) |
| MACD | -0.58 (negative) |
Analyst Ratings (UPST)
Wall Street analysts rate UPST "Hold" based on 16 analysts, with a mean price target of USD 38.38 (range USD 18–61), per Nexqual as of October 23, 2026 at 10:12 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 16 |
| Mean Target | USD 38.38 |
| High Target | USD 61 |
| Low Target | USD 18 |
| Buy / Hold / Sell | 8 / 7 / 1 |
Earnings (UPST)
| Next Earnings Date | 2026-11-03 |
|---|---|
| EPS Estimate | USD 0.65 |
| Revenue Estimate | $364.78M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.57 vs est 0.55 ▲ beat |
| 2026-03-31 | USD 0.3 vs est 0.43 ▼ miss |
| 2025-12-31 | USD 0.5 vs est 0.46 ▲ beat |
| 2025-09-30 | USD 0.52 vs est 0.42 ▲ beat |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financials & Fundamentals (UPST)
| Total Revenue | $1.29B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +42.30% |
| Gross Margin | +83.04% |
| Operating Margin | +7.20% |
| Profit Margin | +4.69% |
| ROE | +7.94% |
| Debt / Equity | 2.58 |
| Current Ratio | 10.46 |
| Total Cash | $457.84M |
| Total Debt | $2.06B |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Financial Health Score (UPST)
Nexqual rates Upstart Holdings, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:12 UTC.
| Growth | Strong — Revenue +64% YoY (annual) |
|---|---|
| Profitability | Mixed — Net margin 5% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Mixed — ROE 8%, ROA 2.0% |
Ownership (UPST)
| Insider Ownership | +12.94% |
|---|---|
| Institutional Ownership | +62.33% |
| Shares Outstanding | 97.31M |
| Float | 83.67M |
| Short % of Float | +33.58% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Leadership (UPST)
Upstart Holdings, Inc. is led by Paul Gu, CEO & Director, per Nexqual as of October 23, 2026 at 10:12 UTC.
| CEO & Director | Paul Gu |
|---|---|
| Executive Chairman & Special Advisor | David J. Girouard |
| President of Capital & Enterprise | Sanjay Datta |
| Chief Financial Officer | Andrea Blankmeyer |
| Chief Technology Officer | Grant Schneider |
Major Backers & Investors (UPST)
Notable institutional backers of Upstart Holdings, Inc. include Morgan Stanley, Goldman Sachs, Marshall Wace LLP, according to Nexqual as of October 23, 2026 at 10:12 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 2.48% |
| Goldman Sachs | 2.46% |
| Marshall Wace LLP | 2.44% |
| Fidelity | 1.96% |
| Clear Street Group Inc. | 1.88% |
| Bank of America Corporation | 1.55% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 8.1% |
| Vanguard Group | 7.64% |
| Geode Capital | 2.29% |
| State Street | 2.18% |
Source: Nexqual, October 23, 2026 at 10:12 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AGM | Federal Agricultural Mortgage C | USD 201.42 | ▲ 0.98% |
| ECPG | Encore Capital Group Inc | USD 100.36 | ▼ 3.65% |
| WU | Western Union Company (The) | USD 6.43 | ▲ 2.88% |
| EZPW | EZCORP, Inc. | USD 29.35 | ▼ 11.6% |
| ATLC | Atlanticus Holdings Corporation | USD 91.53 | ▼ 0.82% |
| BFH | Bread Financial Holdings, Inc. | USD 102.45 | ▼ 5.69% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:12 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt