Upstream Bio (UPB) Invested Capital (2023 - 2026)

Upstream Bio (UPB) recorded quarterly Invested Capital of $304.0 million in Q1 2026, down 10.53% quarter-over-quarter from $339.8 million in Q4 2025, and down 31.78% on a YoY basis from $445.6 million in Q1 2025.

Upstream Bio (UPB) Invested Capital (2023 - 2026) Analysis & Trends

Upstream Bio's Invested Capital history runs 4 years deep, the most recent figure standing at $304.0 million for Q1 2026.

  • In Q1 2026, Invested Capital fell 31.78% year-over-year to $304.0 million; the TTM figure through Mar 2026 stood at $304.0 million (down 31.78% YoY), while the FY2025 annual figure was $339.8 million, down 27.69% from the prior year.
  • Invested Capital was $304.0 million for Q1 2026 at Upstream Bio, down from $339.8 million in the prior quarter.
  • In the past five years, Invested Capital ranged from a high of $469.9 million in Q4 2024 to a low of -$160.3 million in Q3 2024.
  • Historically, Invested Capital has averaged $151.9 million across 4 years, with a median of $304.0 million in 2026.
  • Biggest YoY gain for Invested Capital was 481.6% in 2024; the steepest drop was 42.87% in 2024.
  • A 4-year view of Invested Capital shows it stood at -$123.1 million in 2023, then jumped by 481.6% to $469.9 million in 2024, then dropped by 27.69% to $339.8 million in 2025, then dropped by 10.53% to $304.0 million in 2026.
  • The last three Invested Capital figures came in at $304.0 million (Q1 2026), $339.8 million (Q4 2025), and $378.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 7.14 Bn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 795.79 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 595,226.00
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 1.00 Bn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 14.38 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 19.36 Bn
9 Abivax 91.96 Bn 91.96 Bn - 502.95 Mn
10 Upstream Bio 339.03 Mn 339.03 Mn -3.94 Mn 304.00 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 304.00 Mn
Dec 31, 2025 339.77 Mn
Sep 30, 2025 378.58 Mn
Jun 30, 2025 408.74 Mn
Mar 31, 2025 445.61 Mn
Dec 31, 2024 469.85 Mn
Sep 30, 2024 -160.31 Mn
Jun 30, 2024 -146.61 Mn
Mar 31, 2024 -133.41 Mn
Dec 31, 2023 -123.13 Mn
Sep 30, 2023 -112.20 Mn