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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Upstart Holdings (UPST) Gross Margin (2020 - 2025)

Upstart Holdings (UPST) has disclosed Gross Margin for 6 consecutive years, with 107.61% as the latest value for Q4 2025.

  • Quarterly Gross Margin rose 3090.0% to 107.61% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 84.03% through Dec 2025, up 1108.0% year-over-year, with the annual reading at 81.95% for FY2025, 678.0% up from the prior year.
  • Gross Margin for Q4 2025 was 107.61% at Upstart Holdings, up from 80.74% in the prior quarter.
  • The five-year high for Gross Margin was 107.61% in Q4 2025, with the low at 57.5% in Q1 2022.
  • Average Gross Margin over 5 years is 74.63%, with a median of 73.25% recorded in 2023.
  • Peak annual rise in Gross Margin hit 4121bps in 2021, while the deepest fall reached -4708bps in 2021.
  • Over 5 years, Gross Margin stood at 86.53% in 2021, then decreased by -22bps to 67.38% in 2022, then increased by 11bps to 74.63% in 2023, then increased by 3bps to 76.71% in 2024, then surged by 40bps to 107.61% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 107.61%, 80.74%, and 71.59% for Q4 2025, Q3 2025, and Q2 2025 respectively.