Upstart Holdings (UPST) Debt Ratio (2020 - 2026)
Upstart Holdings' Debt Ratio came in at 0.05 for Q2 2026, up 23.8% from 0.04 a year earlier and up 8.0% from the prior quarter.
Powered by 
Analysis
Upstart Holdings (UPST) Debt Ratio (2020 - 2026) Analysis & Trends
For FY2025, Upstart Holdings' Debt Ratio was 0.04, up 42.4% from FY2024.
- Going back by year, Debt Ratio was 0.03 in FY2024 (-4.3%), 0.03 in FY2023 (-43.3%), 0.05 in FY2022 (-20.7%) and 0.06 in FY2021 (-38.0%).
- The Q2 2026 figure represents the highest quarterly Debt Ratio since Q4 2022.
- Year-over-year, Debt Ratio has increased for three consecutive quarters, with growth averaging 15.7% over the last eight quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q2 2024 (growth of 44.1%), and the weakest in Q1 2023 (a decline of 68.0%).
- Business Quant data shows UPST's Debt Ratio at 0.04 (Q1 2026), 0.04 (Q4 2025) and 0.03 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 49.04 Bn | 7.27 Bn | - | 0.16 |
| 2 | Coinbase Global | 47.52 Bn | 4.33 Bn | - | 0.25 |
| 3 | Block | 45.61 Bn | 16.91 Bn | 3.17 Bn | 0.16 |
| 4 | Corpay | 26.34 Bn | 16.23 Bn | - | 0.30 |
| 5 | Fiserv | 24.61 Bn | 21.29 Bn | 2.90 Bn | 0.34 |
| 6 | Global Payments | 22.07 Bn | -135.34 Mn | 2.03 Bn | 0.36 |
| 7 | Guidewire Software | 13.93 Bn | 10.49 Bn | 269.68 Mn | 0.26 |
| 8 | Bitmine Immersion Technologies | 13.17 Bn | 10.55 Bn | 40.81 Mn | - |
| 9 | Chime Financial | 11.48 Bn | 7.27 Bn | 594.87 Mn | 0.03 |
| 10 | Upstart Holdings | 2.26 Bn | 188.28 Mn | 303.39 Mn | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.05 |
| Mar 31, 2026 | 0.04 |
| Dec 31, 2025 | 0.04 |
| Sep 30, 2025 | 0.03 |
| Jun 30, 2025 | 0.04 |
| Mar 31, 2025 | 0.04 |
| Dec 31, 2024 | 0.03 |
| Sep 30, 2024 | 0.03 |
| Jun 30, 2024 | 0.04 |
| Mar 31, 2024 | 0.03 |
| Dec 31, 2023 | 0.03 |
| Sep 30, 2023 | 0.03 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 0.02 |
| Dec 31, 2022 | 0.05 |
| Sep 30, 2022 | 0.05 |
| Jun 30, 2022 | 0.06 |
| Mar 31, 2022 | 0.07 |
| Dec 31, 2021 | 0.06 |
| Sep 30, 2021 | 0.05 |
API Access
Upstart Holdings Debt 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=debt-ratio&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-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=debt-ratio&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();