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

Upstart Holdings (UPST) Price to Book (2020 - 2026)

Upstart Holdings' (UPST) quarterly Price to Book came in at 4.32 in Q2 2026, down 49.78% year-over-year from 8.61 in Q2 2025, and up 29.11% quarter-over-quarter from 3.35 in Q1 2026.

Analysis

Upstart Holdings (UPST) Price to Book (2020 - 2026) Analysis & Trends

Upstart Holdings (UPST) has reported Price to Book for 7 consecutive years, with 4.32 the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Price to Book fell 49.78% year-over-year to 4.32 in Q2 2026; TTM through Jun 2026 was 4.32, a 49.78% decrease from a year earlier, with the FY2025 full-year figure at 5.37, down 40.95% from the prior year.
  • Price to Book was 4.32 for Q2 2026 at Upstart Holdings, up from 3.35 in the prior quarter.
  • Over five years, Price to Book peaked at 10.54 in Q1 2022 and troughed at 1.6 in Q4 2022.
  • A 5-year average of 5.08 and a median of 4.51 in 2023 frame the typical range for Price to Book.
  • Across the five-year window, Price to Book tumbled 93.4% in 2022 and jumped 247.55% in 2023, its largest moves.
  • Over 5 years, Price to Book stood at 1.6 in 2022, then jumped by 247.55% to 5.55 in 2023, then jumped by 63.68% to 9.09 in 2024, then plunged by 40.95% to 5.37 in 2025, then dropped by 19.45% to 4.32 in 2026.
  • The last three Price to Book figures came in at 4.32 (Q2 2026), 3.35 (Q1 2026), and 5.37 (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 4.32
Mar 31, 2026 3.35
Dec 31, 2025 5.37
Sep 30, 2025 6.64
Jun 30, 2025 8.61
Mar 31, 2025 6.47
Dec 31, 2024 9.09
Sep 30, 2024 6.11
Jun 30, 2024 3.53
Mar 31, 2024 3.85
Dec 31, 2023 5.55
Sep 30, 2023 3.79
Jun 30, 2023 4.70
Mar 31, 2023 2.09
Dec 31, 2022 1.60
Sep 30, 2022 2.37
Jun 30, 2022 3.43
Mar 31, 2022 10.54
Dec 31, 2021 15.68
Sep 30, 2021 35.88