Upstart Holdings (UPST) Price to FCF (2020 - 2026)
Upstart Holdings' (UPST) quarterly Price to FCF came in at 24.48 in Q2 2026, up 50.99% year-over-year from 16.21 in Q2 2025, and down 37.16% quarter-over-quarter from 17.85 in Q1 2026.
Analysis
Upstart Holdings (UPST) Price to FCF (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported Price to FCF for 7 consecutive years, with 24.48 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to FCF rose 50.99% year-over-year to 24.48 in Q2 2026; TTM through Jun 2026 was 11.49, a 84.95% increase from a year earlier, with the FY2025 full-year figure at 25.86, down 179.61% from the prior year.
- Price to FCF was 24.48 for Q2 2026 at Upstart Holdings, down from 17.85 in the prior quarter.
- Over five years, Price to FCF peaked at 54.56 in Q1 2024 and troughed at 222.76 in Q1 2025.
- A 5-year average of 22.66 and a median of 19.9 in 2023 frame the typical range for Price to FCF.
- Across the five-year window, Price to FCF jumped 432.88% in 2024 and slumped 508.26% in 2025, its largest moves.
- Over 5 years, Price to FCF stood at 4.49 in 2022, then tumbled by 434.46% to 23.99 in 2023, then tumbled by 109.77% to 50.33 in 2024, then jumped by 181.29% to 40.91 in 2025, then tumbled by 159.84% to 24.48 in 2026.
- The last three Price to FCF figures came in at 24.48 (Q2 2026), 17.85 (Q1 2026), and 40.91 (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 | -24.48 |
| Mar 31, 2026 | -17.85 |
| Dec 31, 2025 | 40.91 |
| Sep 30, 2025 | -39.06 |
| Jun 30, 2025 | -49.96 |
| Mar 31, 2025 | -222.76 |
| Dec 31, 2024 | -50.33 |
| Sep 30, 2024 | 20.57 |
| Jun 30, 2024 | 29.48 |
| Mar 31, 2024 | 54.56 |
| Dec 31, 2023 | -23.99 |
| Sep 30, 2023 | -21.96 |
| Jun 30, 2023 | 13.94 |
| Mar 31, 2023 | -16.39 |
| Dec 31, 2022 | -4.49 |
| Sep 30, 2022 | -16.14 |
| Jun 30, 2022 | -45.74 |
| Mar 31, 2022 | -34.16 |
| Dec 31, 2021 | -866.08 |
| Sep 30, 2021 | 632.52 |