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| Date | Value |
|---|---|
| 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 |