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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |