Upstream Bio (UPB) EBIT (2023 - 2026)
Upstream Bio's (UPB) quarterly EBIT came in at -$43.6 million in Q1 2026, down 36.24% year-on-year from -$68.4 million in Q1 2025, and up 5.53% quarter-over-quarter from -$46.2 million in Q4 2025.
Upstream Bio (UPB) EBIT (2023 - 2026) Analysis & Trends
Upstream Bio's EBIT history runs 4 years deep, the most recent figure standing at -$43.6 million for Q1 2026.
- On a quarterly basis, EBIT fell 36.24% year-over-year to -$43.6 million in Q1 2026; TTM through Mar 2026 was -$172.0 million, a 81.46% decrease from a year earlier, with the FY2025 full-year figure at -$160.4 million, down 106.21% from the prior year.
- EBIT grew to -$43.6 million in Q1 2026 per UPB's latest filing, from -$46.2 million in the prior quarter.
- Across five years, EBIT topped out at -$9.4 million in Q3 2023 and bottomed at -$46.2 million in Q4 2025.
- The 4-year median for EBIT is -$26.3 million (2024), against an average of -$27.8 million.
- Across the five-year window, EBIT tumbled 152.83% in 2025 and plunged 36.24% in 2026, its largest moves.
- Year by year, EBIT stood at -$14.3 million in 2023, then sank by 83.66% to -$26.3 million in 2024, then plunged by 75.42% to -$46.2 million in 2025, then gained by 5.53% to -$43.6 million in 2026.
- Per Business Quant, the three latest UPB EBIT figures stand at -$43.6 million (Q1 2026), -$46.2 million (Q4 2025), and -$37.8 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -27.75 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | -15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 249.90 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.14 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 642.90 Mn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | -32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | 394.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | -445.22 Mn |
| 10 | Upstream Bio | 343.65 Mn | 343.65 Mn | -3.94 Mn | -43.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -43.62 Mn |
| Dec 31, 2025 | -46.17 Mn |
| Sep 30, 2025 | -37.83 Mn |
| Jun 30, 2025 | -44.35 Mn |
| Mar 31, 2025 | -32.01 Mn |
| Dec 31, 2024 | -26.32 Mn |
| Sep 30, 2024 | -18.89 Mn |
| Jun 30, 2024 | -17.54 Mn |
| Mar 31, 2024 | -15.01 Mn |
| Dec 31, 2023 | -14.33 Mn |
| Sep 30, 2023 | -9.39 Mn |