Upstart Holdings vs X Financial
Upstart Holdings and X Financial are similar in size: $1.04bn and $1.06bn of revenue in their latest fiscal years. Upstart Holdings grew faster (64.0% against 30.3%). X Financial kept more of each dollar of sales as profit: a net margin of 19.2% against 5.1%.
| Latest fiscal year | Upstart HoldingsUPST, 2025 | X FinancialXYF, 2025 |
|---|---|---|
| Revenue | $1.04bn | $1.06bn |
| Revenue growth | 64.0% | 30.3% |
| Net income | $53.6m | $204m |
| Operating margin | — | 21.3% |
| Net margin | 5.1% | 19.2% |
| Return on equity | 7.5% | 19.7% |
| Free cash flow | −$148m | $201m |
| Cash | $652m | $141m |
| Total debt | $1.83bn | $58.6m |
| Debt to equity | — | 5.2% |
| Dividend per share | — | — |
| Dividend yield | — | 11.4% |
| Share buybacks | — | $102m |
| Employees | 1,405 | — |
| Market value | $2.09bn | $191m |
| Price vs our value range | — | — |
| Moat score | 0 (Weak) | — |
| Insider trades, 12 months | 6 buys, 38 sales | 0 buys, 2 sales |