Upstart Holdings UPST
NASDAQ UPST
$28.05 -0.47 (-1.65%)
At close: Sep 4, 2026 · 4:00 PM EDT

Upstart Holdings (UPST) EV to CFO (2020 - 2026)

Upstart Holdings' (UPST) quarterly EV to CFO came in at 21.97 in Q2 2026, up 54.72% year-over-year from 14.2 in Q2 2025, and down 47.51% quarter-over-quarter from 14.89 in Q1 2026.

Analysis

Upstart Holdings (UPST) EV to CFO (2020 - 2026) Analysis & Trends

Upstart Holdings (UPST) has reported EV to CFO for 7 consecutive years, with 21.97 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to CFO rose 54.72% year-over-year to 21.97 in Q2 2026; TTM through Jun 2026 was 10.57, a 88.17% increase from a year earlier, with the FY2025 full-year figure at 24.64, down 192.25% from the prior year.
  • EV to CFO was 21.97 for Q2 2026 at Upstart Holdings, down from 14.89 in the prior quarter.
  • Over five years, EV to CFO peaked at 53.44 in Q1 2024 and troughed at 280.32 in Q1 2025.
  • A 5-year average of 25.73 and a median of 19.53 in 2023 frame the typical range for EV to CFO.
  • Across the five-year window, EV to CFO jumped 408.35% in 2024 and slumped 624.51% in 2025, its largest moves.
  • Over 5 years, EV to CFO stood at 4.55 in 2022, then tumbled by 377.4% to 21.73 in 2023, then plunged by 106.5% to 44.86 in 2024, then jumped by 174.74% to 33.53 in 2025, then plunged by 165.52% to 21.97 in 2026.
  • The last three EV to CFO figures came in at 21.97 (Q2 2026), 14.89 (Q1 2026), and 33.53 (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Upstart Holdings 2.73 Bn 2.28 Bn 303.39 Mn
2 Pagaya Technologies 1.92 Bn 1.72 Bn 168.33 Mn
3 Qfin Holdings 1.10 Bn 108.74 Mn -
4 FinVolution 856.70 Mn -70.30 Mn -
5 X Financial 432.29 Mn -136.02 Mn 84.09 Mn
6 Open Lending 371.20 Mn 186.25 Mn 15.64 Mn
7 Blend Labs 361.86 Mn 317.00 Mn 24.89 Mn
8 LexinFintech Holdings 294.80 Mn 294.80 Mn 73.06 Mn
9 Antalpha Platform Holding 85.61 Mn -804.10 Mn 11.94 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -21.97
Mar 31, 2026 -14.89
Dec 31, 2025 33.53
Sep 30, 2025 -36.41
Jun 30, 2025 -48.52
Mar 31, 2025 -280.32
Dec 31, 2024 -44.86
Sep 30, 2024 20.37
Jun 30, 2024 28.71
Mar 31, 2024 53.44
Dec 31, 2023 -21.73
Sep 30, 2023 -22.53
Jun 30, 2023 13.81
Mar 31, 2023 -17.33
Dec 31, 2022 -4.55
Sep 30, 2022 -16.78
Jun 30, 2022 -48.45
Mar 31, 2022 -34.62
Dec 31, 2021 -1,135.83
Sep 30, 2021 591.78