Upstream Bio (UPB) Enterprise Value (2023 - 2026)

Upstream Bio's (UPB) quarterly Enterprise Value came in at -$294.6 million in Q1 2026, up 31.71% year-on-year from -$223.7 million in Q1 2025, and up 13.74% quarter-over-quarter from -$341.5 million in Q4 2025.

Upstream Bio (UPB) Enterprise Value (2023 - 2026) Analysis & Trends

Upstream Bio's Enterprise Value history runs 4 years deep, the most recent figure standing at -$294.6 million for Q1 2026.

  • On a quarterly basis, Enterprise Value rose 31.71% year-over-year to -$294.6 million in Q1 2026; TTM through Mar 2026 was -$294.6 million, a 31.71% increase from a year earlier, with the FY2025 full-year figure at -$341.5 million, up 27.41% from the prior year.
  • Enterprise Value grew to -$294.6 million in Q1 2026 per UPB's latest filing, from -$341.5 million in the prior quarter.
  • Across five years, Enterprise Value topped out at -$31.5 million in Q1 2024 and bottomed at -$470.5 million in Q4 2024.
  • The 4-year median for Enterprise Value is -$294.6 million (2026), against an average of -$251.0 million.
  • Across the five-year window, Enterprise Value slumped 1269.03% in 2025 and jumped 31.71% in 2026, its largest moves.
  • Year by year, Enterprise Value stood at -$109.8 million in 2023, then slumped by 328.42% to -$470.5 million in 2024, then climbed by 27.41% to -$341.5 million in 2025, then rose by 13.74% to -$294.6 million in 2026.
  • Per Business Quant, the three latest UPB Enterprise Value figures stand at -$294.6 million (Q1 2026), -$341.5 million (Q4 2025), and -$372.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -283.54 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -61.40 Mn
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn -4.79 Bn
4 NuCana 279.75 Bn 279.75 Bn - -32.26 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn -7.25 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn -8.75 Bn
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -5.18 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -1.91 Bn
10 Upstream Bio 347.73 Mn 347.73 Mn -3.94 Mn -294.58 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -294.58 Mn
Dec 31, 2025 -341.51 Mn
Sep 30, 2025 -372.43 Mn
Jun 30, 2025 -393.58 Mn
Mar 31, 2025 -431.38 Mn
Dec 31, 2024 -470.45 Mn
Sep 30, 2024 -220.66 Mn
Jun 30, 2024 -47.34 Mn
Mar 31, 2024 -31.51 Mn
Dec 31, 2023 -109.81 Mn
Sep 30, 2023 -47.32 Mn