Upstart Holdings (UPST) Asset Utilization Ratio (2021 - 2026)
Upstart Holdings' Asset Utilization Ratio came in at 0.41 for Q2 2026, up 15.7% from 0.35 a year earlier and up 5.9% from the prior quarter.
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Analysis
Upstart Holdings (UPST) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
For FY2025, Upstart Holdings' Asset Utilization Ratio was 0.39, up 34.6% from FY2024.
- Going back by year, Asset Utilization Ratio was 0.29 in FY2024 (+2.4%), 0.28 in FY2023 (-41.3%), 0.48 in FY2022 (-34.6%) and 0.74 in FY2021.
- The Q2 2026 figure represents the highest quarterly Asset Utilization Ratio since Q4 2022.
- Year-over-year, Asset Utilization Ratio has increased for eight consecutive quarters, with growth averaging 12.9% over the last eight quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q1 2026 (growth of 25.7%), and the weakest in Q3 2023 (a decline of 45.7%).
- Business Quant data shows UPST's Asset Utilization Ratio at 0.38 (Q1 2026), 0.36 (Q4 2025) and 0.35 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.04 Bn | 7.27 Bn | - | 0.42 |
| 2 | Coinbase Global | 47.52 Bn | 4.33 Bn | - | 0.23 |
| 3 | Block | 45.61 Bn | 16.91 Bn | 3.17 Bn | 0.63 |
| 4 | Corpay | 26.34 Bn | 16.23 Bn | - | 0.18 |
| 5 | Fiserv | 24.61 Bn | 21.29 Bn | 2.90 Bn | 0.26 |
| 6 | Global Payments | 22.07 Bn | -135.34 Mn | 2.03 Bn | 0.16 |
| 7 | Guidewire Software | 13.93 Bn | 10.49 Bn | 269.68 Mn | 0.58 |
| 8 | Bitmine Immersion Technologies | 13.17 Bn | 10.55 Bn | 40.81 Mn | 0.01 |
| 9 | Chime Financial | 11.48 Bn | 7.27 Bn | 594.87 Mn | 1.25 |
| 10 | Upstart Holdings | 2.26 Bn | 188.28 Mn | 303.39 Mn | 0.41 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.38 |
| Dec 31, 2025 | 0.36 |
| Sep 30, 2025 | 0.35 |
| Jun 30, 2025 | 0.35 |
| Mar 31, 2025 | 0.31 |
| Dec 31, 2024 | 0.30 |
| Sep 30, 2024 | 0.32 |
| Jun 30, 2024 | 0.30 |
| Mar 31, 2024 | 0.29 |
| Dec 31, 2023 | 0.28 |
| Sep 30, 2023 | 0.30 |
| Jun 30, 2023 | 0.33 |
| Mar 31, 2023 | 0.38 |
| Dec 31, 2022 | 0.47 |
| Sep 30, 2022 | 0.55 |
| Jun 30, 2022 | 0.57 |
| Mar 31, 2022 | 0.55 |
| Dec 31, 2021 | 0.50 |
| Sep 30, 2021 | 0.50 |
API Access
Upstart Holdings Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "UPST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();