Upstream Bio (UPB) Change in Cash (2023 - 2026)

Upstream Bio's (UPB) quarterly Change in Cash came in at -$4.9 million in Q1 2026, up 98.09% year-on-year from -$2.5 million in Q1 2025, and down 116.5% quarter-over-quarter from $29.4 million in Q4 2025.

Upstream Bio (UPB) Change in Cash (2023 - 2026) Analysis & Trends

Upstream Bio's Change in Cash history runs 4 years deep, the most recent figure standing at -$4.9 million for Q1 2026.

  • On a quarterly basis, Change in Cash rose 98.09% year-over-year to -$4.9 million in Q1 2026; TTM through Mar 2026 was $25.4 million, a 36.46% decrease from a year earlier, with the FY2025 full-year figure at -$224.3 million, down 174.71% from the prior year.
  • Change in Cash declined to -$4.9 million in Q1 2026 per UPB's latest filing, from $29.4 million in the prior quarter.
  • Across five years, Change in Cash topped out at $292.9 million in Q4 2024 and bottomed at -$254.6 million in Q1 2025.
  • The 4-year median for Change in Cash is $411500.0 (2024), against an average of $5.0 million.
  • Across the five-year window, Change in Cash surged 1463.48% in 2024 and tumbled 4584.41% in 2025, its largest moves.
  • Year by year, Change in Cash stood at -$21.5 million in 2023, then jumped by 1463.48% to $292.9 million in 2024, then plunged by 89.96% to $29.4 million in 2025, then tumbled by 116.5% to -$4.9 million in 2026.
  • Per Business Quant, the three latest UPB Change in Cash figures stand at -$4.9 million (Q1 2026), $29.4 million (Q4 2025), and $26.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Cash (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -22.03 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 243.78 Mn
4 NuCana 279.75 Bn 279.75 Bn - -1.34 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 417.10 Mn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn -153.10 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - 57.19 Mn
10 Upstream Bio 347.73 Mn 347.73 Mn -3.94 Mn -4.85 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -4.85 Mn
Dec 31, 2025 29.41 Mn
Sep 30, 2025 26.71 Mn
Jun 30, 2025 -25.85 Mn
Mar 31, 2025 -254.58 Mn
Dec 31, 2024 292.94 Mn
Sep 30, 2024 -14.19 Mn
Jun 30, 2024 15.83 Mn
Mar 31, 2024 5.68 Mn
Dec 31, 2023 -21.49 Mn