Upstart Holdings (UPST) Price to Sales (2020 - 2026)
Upstart Holdings' (UPST) quarterly Price to Sales came in at 9.45 in Q2 2026, down 60.87% year-over-year from 24.16 in Q2 2025, and up 18.68% quarter-over-quarter from 7.97 in Q1 2026.
Analysis
Upstart Holdings (UPST) Price to Sales (2020 - 2026) Analysis & Trends
Upstart Holdings (UPST) has reported Price to Sales for 7 consecutive years, with 9.45 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Price to Sales fell 60.87% year-over-year to 9.45 in Q2 2026; TTM through Jun 2026 was 2.77, a 62.67% decrease from a year earlier, with the FY2025 full-year figure at 4.11, down 54.58% from the prior year.
- Price to Sales was 9.45 for Q2 2026 at Upstart Holdings, up from 7.97 in the prior quarter.
- Over five years, Price to Sales peaked at 29.42 in Q1 2022 and troughed at 6.9 in Q4 2022.
- A 5-year average of 16.98 and a median of 16.82 in 2023 frame the typical range for Price to Sales.
- Across the five-year window, Price to Sales slumped 91.6% in 2022 and surged 234.27% in 2023, its largest moves.
- Over 5 years, Price to Sales stood at 6.9 in 2022, then surged by 234.27% to 23.08 in 2023, then climbed by 24.47% to 28.73 in 2024, then tumbled by 49.6% to 14.48 in 2025, then slumped by 34.71% to 9.45 in 2026.
- The last three Price to Sales figures came in at 9.45 (Q2 2026), 7.97 (Q1 2026), and 14.48 (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 | 9.45 |
| Mar 31, 2026 | 7.97 |
| Dec 31, 2025 | 14.48 |
| Sep 30, 2025 | 17.83 |
| Jun 30, 2025 | 24.16 |
| Mar 31, 2025 | 20.51 |
| Dec 31, 2024 | 28.73 |
| Sep 30, 2024 | 21.72 |
| Jun 30, 2024 | 16.10 |
| Mar 31, 2024 | 17.10 |
| Dec 31, 2023 | 23.08 |
| Sep 30, 2023 | 16.54 |
| Jun 30, 2023 | 20.89 |
| Mar 31, 2023 | 11.20 |
| Dec 31, 2022 | 6.90 |
| Sep 30, 2022 | 9.49 |
| Jun 30, 2022 | 10.06 |
| Mar 31, 2022 | 29.42 |
| Dec 31, 2021 | 41.52 |
| Sep 30, 2021 | 112.95 |