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 EBITDA (2020 - 2026)

Upstart Holdings' (UPST) quarterly EV to EBITDA came in at 205.05 in Q2 2026, down 84.02% year-over-year from 1283.53 in Q2 2025, and up 177.65% quarter-over-quarter from 264.06 in Q1 2026.

Analysis

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

Upstart Holdings (UPST) has reported EV to EBITDA for 7 consecutive years, with 205.05 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, EV to EBITDA fell 84.02% year-over-year to 205.05 in Q2 2026; TTM through Jun 2026 was 60.39, a 151.65% increase from a year earlier, with the FY2025 full-year figure at 85.38, up 396.54% from the prior year.
  • EV to EBITDA was 205.05 for Q2 2026 at Upstart Holdings, up from 264.06 in the prior quarter.
  • Over five years, EV to EBITDA peaked at 1283.53 in Q2 2025 and troughed at 1047.7 in Q4 2024.
  • A 5-year average of 29.02 and a median of 36.6 in 2024 frame the typical range for EV to EBITDA.
  • The widest YoY moves for EV to EBITDA: up 3470.95% in 2025, down 2294.08% in 2025.
  • Over 5 years, EV to EBITDA stood at 18.36 in 2022, then sank by 262.63% to 66.59 in 2023, then tumbled by 1473.28% to 1047.7 in 2024, then soared by 118.36% to 192.38 in 2025, then climbed by 6.59% to 205.05 in 2026.
  • The last three EV to EBITDA figures came in at 205.05 (Q2 2026), 264.06 (Q1 2026), and 192.38 (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 205.05
Mar 31, 2026 -264.06
Dec 31, 2025 192.38
Sep 30, 2025 188.67
Jun 30, 2025 1,283.53
Mar 31, 2025 -840.84
Dec 31, 2024 -1,047.70
Sep 30, 2024 -80.93
Jun 30, 2024 -38.08
Mar 31, 2024 -35.12
Dec 31, 2023 -66.59
Sep 30, 2023 -55.35
Jun 30, 2023 -90.01
Mar 31, 2023 -9.96
Dec 31, 2022 -18.36
Sep 30, 2022 -29.29
Jun 30, 2022 -80.94
Mar 31, 2022 265.19
Dec 31, 2021 209.52
Sep 30, 2021 902.21