Upstart Holdings (UPST) Enterprise Value (2020 - 2026)
Upstart Holdings' (UPST) quarterly Enterprise Value came in at $3.0 billion in Q2 2026, down 48.51% year-over-year from $5.8 billion in Q2 2025, and up 51.21% quarter-over-quarter from $2.0 billion in Q1 2026.
Analysis
Upstart Holdings (UPST) Enterprise Value (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported Enterprise Value for 7 consecutive years, with $3.0 billion the latest figure, recorded in Q2 2026.
- On a quarterly basis, Enterprise Value fell 48.51% year-over-year to $3.0 billion in Q2 2026; TTM through Jun 2026 was $3.0 billion, a 48.51% decrease from a year earlier, with the FY2025 full-year figure at $3.6 billion, down 26.86% from the prior year.
- Enterprise Value was $3.0 billion for Q2 2026 at Upstart Holdings, up from $2.0 billion in the prior quarter.
- Over five years, Enterprise Value peaked at $9.2 billion in Q1 2022 and troughed at $1.1 billion in Q4 2022.
- A 5-year average of $3.4 billion and a median of $3.0 billion in 2023 frame the typical range for Enterprise Value.
- Across the five-year window, Enterprise Value slumped 93.41% in 2022 and soared 194.46% in 2023, its largest moves.
- Over 5 years, Enterprise Value stood at $1.1 billion in 2022, then soared by 194.46% to $3.2 billion in 2023, then surged by 57.32% to $5.0 billion in 2024, then slipped by 26.86% to $3.6 billion in 2025, then decreased by 17.53% to $3.0 billion in 2026.
- The last three Enterprise Value figures came in at $3.0 billion (Q2 2026), $2.0 billion (Q1 2026), and $3.6 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Upstart Holdings | 2.43 Bn | 1.99 Bn | 303.39 Mn |
| 2 | Pagaya Technologies | 1.70 Bn | 1.51 Bn | 168.33 Mn |
| 3 | Qfin Holdings | 986.27 Mn | -9.51 Mn | - |
| 4 | FinVolution | 836.54 Mn | -90.46 Mn | - |
| 5 | X Financial | 386.17 Mn | -182.14 Mn | 84.09 Mn |
| 6 | Open Lending | 371.20 Mn | 186.25 Mn | 15.64 Mn |
| 7 | Blend Labs | 279.09 Mn | 234.22 Mn | 24.89 Mn |
| 8 | LexinFintech Holdings | 251.25 Mn | 251.25 Mn | 73.06 Mn |
| 9 | Jiayin | 76.25 Mn | 2.23 Mn | - |
| 10 | Antalpha Platform Holding | 76.02 Mn | -813.69 Mn | 11.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.00 Bn |
| Mar 31, 2026 | 1.99 Bn |
| Dec 31, 2025 | 3.64 Bn |
| Sep 30, 2025 | 4.46 Bn |
| Jun 30, 2025 | 5.83 Bn |
| Mar 31, 2025 | 3.78 Bn |
| Dec 31, 2024 | 4.98 Bn |
| Sep 30, 2024 | 3.65 Bn |
| Jun 30, 2024 | 2.11 Bn |
| Mar 31, 2024 | 2.37 Bn |
| Dec 31, 2023 | 3.16 Bn |
| Sep 30, 2023 | 2.43 Bn |
| Jun 30, 2023 | 3.00 Bn |
| Mar 31, 2023 | 1.31 Bn |
| Dec 31, 2022 | 1.07 Bn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 2.60 Bn |
| Mar 31, 2022 | 9.24 Bn |
| Dec 31, 2021 | 12.66 Bn |
| Sep 30, 2021 | 25.80 Bn |