Upstream Bio (UPB) Equity Ratio (2023 - 2026)

Upstream Bio (UPB) recorded quarterly Equity Ratio of 0.96 in Q1 2026, little changed quarter-over-quarter from 0.96 in Q4 2025, and down 2.16% on a YoY basis from 0.98 in Q1 2025.

Upstream Bio (UPB) Equity Ratio (2023 - 2026) Analysis & Trends

Upstream Bio's Equity Ratio history runs 4 years deep, the most recent figure standing at 0.96 for Q1 2026.

  • In Q1 2026, Equity Ratio fell 2.16% year-over-year to 0.96; the TTM figure through Mar 2026 stood at 0.96 (down 2.16% YoY), while the FY2025 annual figure was 0.96, down 1.53% from the prior year.
  • Equity Ratio was 0.96 for Q1 2026 at Upstream Bio, roughly flat from 0.96 in the prior quarter.
  • In the past five years, Equity Ratio ranged from a high of 0.98 in Q1 2025 to a low of 1.05 in Q4 2023.
  • Historically, Equity Ratio has averaged 0.51 across 4 years, with a median of 0.96 in 2025.
  • The sharpest annual moves came in 2025 and 2026: Equity Ratio jumped 240.48% in 2025, then fell 2.16% in 2026.
  • A 4-year view of Equity Ratio shows it stood at 1.05 in 2023, then surged by 192.84% to 0.98 in 2024, then declined by 1.53% to 0.96 in 2025, then decreased by 0.48% to 0.96 in 2026.
  • The last three Equity Ratio figures came in at 0.96 (Q1 2026), 0.96 (Q4 2025), and 0.97 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 191.07
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 0.98
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 0.04
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 0.58
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 0.42
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 0.73
9 Abivax 91.96 Bn 91.96 Bn - 0.79
10 Upstream Bio 339.03 Mn 339.03 Mn -3.94 Mn 0.96

Historic Data

Download Data
DateValue
Mar 31, 2026 0.96
Dec 31, 2025 0.96
Sep 30, 2025 0.97
Jun 30, 2025 0.97
Mar 31, 2025 0.98
Dec 31, 2024 0.98
Sep 30, 2024 -0.69
Dec 31, 2023 -1.05