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Upstart Holdings, Inc. (UPST) stock

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NASDAQ: UPST Nasdaq Consumer Finance Next results ~November 3, 2026

E Fundamentals grade

Upstart Holdings, Inc. is a US-listed company in the consumer finance industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$21

Valuation models combined (2)

Base case. Range ~$7.1–$35. Weighted average of 2 models (price-to-book vs peers, forward price-to-earnings vs peers).

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Upstart Holdings, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders2 buying, 5 selling6 purchases and 38 sales by directors and officers, last 12 monthsInsider trades
  • Funds190 adding, 139 cuttingOf 47 active managers that changed their stake, 18 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Upstart Holdings files

10-Q filed November 3: Upstart

Model value +171.0%

Revenue for the twelve months to September 2026 was $1.34bn, up 38.6% on a year earlier, slower than the 46.3% growth a quarter earlier. That growth ranks 7 of 39 among the consumer finance companies we cover. The diluted share count is up 14.1% on a year earlier, which dilutes existing holders. Our model value rises from $7.70 to $20.87 a share, against a share price of $21.31.

Source: 10-Q filed November 3, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Upstart stands after its latest 10-Q/A

Revenue for the twelve months to June 2026 was $1.25bn, up 46.3% on a year earlier, slower than the 57.7% growth a quarter earlier. That growth ranks 2 of 20 among the consumer finance companies we cover. The diluted share count is up 15.8% on a year earlier, which dilutes existing holders. Our valuation models combined value is $7.70 a share, against a share price of $23.01.

10-Q/A on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 3, 2026 (estimated)

Upstart Holdings, Inc.'s trailing-twelve-month revenue grew 38.6% year on year, with a free-cash-flow margin of -14.0%. Where it stands out: revenue growth of 38.6% ranks 7 of 39 consumer finance companies we cover. Where it lags: stock pay as % of revenue of 11.3% ranks 35 of 36 consumer finance companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 49.1% while net income grew 102.1%: a 53pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 38.6% over the last 12 months, against a median of 10.4% for consumer finance companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.5bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 6.0% over 90 days.

Things to watch

  • Growth slowing. The growth rate is 7.7 points lower than a quarter earlier.
  • Burning cash. Free cash flow was -14.0% of revenue over the last 12 months.
  • Share dilution. Diluted shares rose 14.1% in a year.
  • Volatile shares. Over the past year the shares showed annualised volatility of 64% and a beta of 2.9 against the S&P 500.
  • Weak cash conversion. Free cash flow was -287% of net income over the last 12 months.
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 11.3% ranks 35 of 36 consumer finance companies we cover (median 1.3%).

Latest results: FY2026 Q3

Filed November 3, 2026
Earnings per share
$0.57 against an average estimate of $0.55: beat by 2.7%
Revenue
$371m, up 33.7% on a year earlier
Next report
November 3, 2026; average EPS estimate $0.65

Upstart Holdings' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-7.4%
  • 1 week-7.3%
  • 1 month-6.6%
  • This year-51.3%
  • 1 year-55.2%
  • 5 years-93.5%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.3B
Operating margin
4.6%
Net margin
4.9%
EPS (TTM, diluted)
$0.57

Growth

Revenue growth
+38.6%
Change in growth rate
−7.7 pts
Share count change
+14.1%

Earnings

Last results
November 3, 2026
Next results (est.)
February 9, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Agreement
  3. Insider trade
  4. Insider trade
  5. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Upstart Holdings, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Upstart Holdings, Inc. as a bank or lender, with every model that fits that kind of business. Cost of equity 11.8%: the 10-year Treasury yield (4.9%) plus a beta of 1.53 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$2.7 Left out: out of range vs price (0.13x)
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$7.1 ~$9.3–$14 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$35 ~$33–$41 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. — Does not apply: pays no regular dividend
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$21 ~$7.1–$35 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Upstart Holdings, Inc. with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

0 /100

Weak moat

How hard Upstart Holdings's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 0.7% of total assets over 6 years.

  • Durability 0 / 20

    Operating margin has been a median 1.2%; its worst year was -51.4%.

  • Cash conversion 3 / 20

    Free cash flow was positive in 2 of 6 years, at a median -26.0% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 53.6% over five years; stock-based pay has been a median 12.4% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (4 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 3, 2026, before the open. Analysts expect revenue of $365m and EPS of $0.65 (range $0.45 to $0.88) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.29 +21% $1.4bn +36%
Next $3.57 +56% $1.9bn +31%

Next year's EPS estimate has moved +6.0% in 90 days, across 8 analysts.

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.55 $0.57 +2.7%
Mar 2026 $0.43 $0.30 −29.0%
Dec 2025 $0.46 $0.50 +7.6%
Sept 2025 $0.42 $0.52 +23.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Analyst recommendations

16 analysts, Oct 2026
Buy850%
Hold744%
Sell16%

Monthly trend

  1. Oct 202626716
  2. Sep 202626716
  3. Aug 202626615
  4. Jul 202626615

Counts of recommendations published by analysts covering Upstart Holdings, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
33.6%
of tradable shares
Days to cover
6.55
at average volume
Short interest, 1 month
+10%
to September 30, 2026
Held by institutions
62%
of shares
Held by insiders
12.9%
of shares
Employees
1,405
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −55.2%

$47.52 on October 31, 2025 to $21.31

ThenNowEffect
Revenue (last 12 months) $852m $1.2bn +46.3%
P/S multiple 5.3x 1.9x −64.5%
Share count 95m 110m −13.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years −29.7%

$30.32 on November 3, 2023 to $21.31

ThenNowEffect
Revenue (last 12 months) $543m $1.2bn +129.6%
P/S multiple 4.4x 1.9x −57.5%
Share count 79m 110m −27.9%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
UPST+271%−91%+209%+51%−29%−51%
Industry peers (median)+38%−33%+12%+19%+22%+1%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
UPST58%25%50%50%42%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
UPST−66%−92%−71%−47%−61%−58%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since December 16, 2020: 97% from October 15, 2021 to May 2, 2023. Getting back needed a 3123% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$21.31 – $50.70
From 52-week high
−58.0%
vs 50-day average
−15.3%
vs 200-day average
−28.4%
Volatility (1 year)
65%
Beta vs S&P 500
2.91

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 7 down
typical move ±20.0%
After a week
6 up, 5 down
typical move ±20.1%
After a month
4 up, 7 down
typical move ±20.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +2.6% +1.6% +1.6% −4.3%
May 5, 2026 −10.5% +2.2% −13.2% +0.6%
February 10, 2026 −14.8% −0.3% −18.8% −33.7%
November 4, 2025 −12.2% −0.8% −18.1% −0.9%
August 5, 2025 −18.9% +0.3% −23.4% −20.5%
May 6, 2025 −10.7% −0.4% +3.2% −1.2%
February 11, 2025 +25.1% −0.2% +17.2% −34.7%
November 7, 2024 +50.1% +1.2% +24.8% +41.5%
August 6, 2024 +39.8% +0.2% +58.8% +50.0%
May 7, 2024 −10.3% +0.1% +11.0% +4.3%
February 13, 2024 −25.4% −0.5% −30.9% −34.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Upstart Holdings, Inc. in five measures

Fundamentals grade E
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Upstart Holdings, Inc.
$500M $1B $1.5B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $513.6M Revenue (TTM), FY24 Q1: $538.4M Revenue (TTM), FY24 Q2: $530.3M Revenue (TTM), FY24 Q3: $557.9M Revenue (TTM), FY24 Q4: $636.5M Revenue (TTM), FY25 Q1: $722.1M Revenue (TTM), FY25 Q2: $851.8M Revenue (TTM), FY25 Q3: $966.7M Revenue (TTM), FY25 Q4: $1B Revenue (TTM), FY26 Q1: $1.1B Revenue (TTM), FY26 Q2: $1.2B Revenue (TTM), FY26 Q3: $1.3B $1.3B

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $513.6M
FY24 Q1 $538.4M
FY24 Q2 $530.3M
FY24 Q3 $557.9M
FY24 Q4 $636.5M
FY25 Q1 $722.1M
FY25 Q2 $851.8M
FY25 Q3 $966.7M
FY25 Q4 $1B
FY26 Q1 $1.1B
FY26 Q2 $1.2B
FY26 Q3 $1.3B
Revenue growth, TTM YoY Upstart Holdings, Inc.
-50% 0% 50% 100% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -39.0% Revenue growth, TTM YoY, FY24 Q1: -15.2% Revenue growth, TTM YoY, FY24 Q2: -2.3% Revenue growth, TTM YoY, FY24 Q3: 7.3% Revenue growth, TTM YoY, FY24 Q4: 23.9% Revenue growth, TTM YoY, FY25 Q1: 34.1% Revenue growth, TTM YoY, FY25 Q2: 60.6% Revenue growth, TTM YoY, FY25 Q3: 73.3% Revenue growth, TTM YoY, FY25 Q4: 64.0% Revenue growth, TTM YoY, FY26 Q1: 57.7% Revenue growth, TTM YoY, FY26 Q2: 46.3% Revenue growth, TTM YoY, FY26 Q3: 38.6% 38.6%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -39.0%
FY24 Q1 -15.2%
FY24 Q2 -2.3%
FY24 Q3 7.3%
FY24 Q4 23.9%
FY25 Q1 34.1%
FY25 Q2 60.6%
FY25 Q3 73.3%
FY25 Q4 64.0%
FY26 Q1 57.7%
FY26 Q2 46.3%
FY26 Q3 38.6%
Operating margin (TTM) Upstart Holdings, Inc.
-60% -40% -20% 0% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: -50.0% Operating margin (TTM), FY24 Q1: -35.7% Operating margin (TTM), FY24 Q2: -40.4% Operating margin (TTM), FY24 Q3: -38.6% Operating margin (TTM), FY24 Q4: -27.2% Operating margin (TTM), FY25 Q1: -15.2% Operating margin (TTM), FY25 Q2: -5.9% Operating margin (TTM), FY25 Q3: 2.0% Operating margin (TTM), FY25 Q4: 4.1% Operating margin (TTM), FY26 Q1: 3.5% Operating margin (TTM), FY26 Q2: 4.0% Operating margin (TTM), FY26 Q3: 4.6% 4.6%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 -50.0%
FY24 Q1 -35.7%
FY24 Q2 -40.4%
FY24 Q3 -38.6%
FY24 Q4 -27.2%
FY25 Q1 -15.2%
FY25 Q2 -5.9%
FY25 Q3 2.0%
FY25 Q4 4.1%
FY26 Q1 3.5%
FY26 Q2 4.0%
FY26 Q3 4.6%
FCF margin (TTM) Upstart Holdings, Inc.
-40% -20% 0% 20% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: -22.0% FCF margin (TTM), FY24 Q1: 1.3% FCF margin (TTM), FY24 Q2: -25.7% FCF margin (TTM), FY24 Q3: 27.0% FCF margin (TTM), FY24 Q4: 29.1% FCF margin (TTM), FY25 Q1: 17.8% FCF margin (TTM), FY25 Q2: -7.7% FCF margin (TTM), FY25 Q3: -38.0% FCF margin (TTM), FY25 Q4: -14.2% FCF margin (TTM), FY26 Q1: -23.8% FCF margin (TTM), FY26 Q2: -23.2% FCF margin (TTM), FY26 Q3: -14.0% -14.0%

Source: SEC EDGAR filings. Retrieved November 3, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 -22.0%
FY24 Q1 1.3%
FY24 Q2 -25.7%
FY24 Q3 27.0%
FY24 Q4 29.1%
FY25 Q1 17.8%
FY25 Q2 -7.7%
FY25 Q3 -38.0%
FY25 Q4 -14.2%
FY26 Q1 -23.8%
FY26 Q2 -23.2%
FY26 Q3 -14.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 164 233 849 842 514 637 1,044 1,340
EBITDA −4 14 148 −100 −232 −152 67 74
Operating income −5 12 141 −114 −257 −173 43 62
Net income −0 6 135 −109 −240 −129 54 65
Diluted EPS −$0.03 $0.00 $1.43 −$1.31 −$2.87 −$1.44 $0.45 $0.57
Growth (year on year)
Revenue — +42.2% +263.6% −0.7% −39.0% +23.9% +64.0% +38.6%
EBITDA — — +956.9% −167.6% — — — +108.5%
Operating income — — +>999% −180.8% — — — —
Net income — — +>999% −180.2% — — — +102.1%
Diluted EPS — — — −191.6% — — — +77.2%
Margins
EBITDA margin −2.3% 6.0% 17.5% −11.9% −45.1% −23.9% 6.5% 5.6%
Operating margin −2.8% 5.0% 16.6% −13.5% −50.0% −27.2% 4.1% 4.6%
Net margin −0.3% 2.6% 16.0% −12.9% −46.8% −20.2% 5.1% 4.9%
Free-cash-flow margin 16.8% 6.1% 18.8% −79.1% −22.0% 29.1% −14.2% −14.0%
Cash flow
Cash from operations 32 16 168 −658 −112 186 −148 −181
Capital spending 4 1 8 9 2 1 0 6
Free cash flow 28 14 160 −667 −113 185 −148 −187
Stock-based pay 4 12 73 126 175 133 132 152
Free cash flow after stock pay 24 3 87 −793 −288 52 −280 −339
Balance sheet
Cash 80 311 1,191 532 368 788 652 461
Total debt 0 63 695 986 1,040 1,402 1,829 2,027
Net debt (negative = net cash) −80 −249 −496 454 672 614 1,177 1,566
Diluted shares 14m 18m 95m 83m 84m 89m 107m 114m
Returned to shareholders
Buybacks — — 0 178 0 0 — —
Total returned — — 0 178 0 0 — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Diluted share count
+14.1%
year over year
R&D spending
24.9%
of revenue

Competitors: side by side with peers

Closest by revenue in consumer finance
Last 12 months unless stated UPST PRAA PGY EZPW XYF HAPN Median
Revenue, last 12 months $1.3bn $1.3bn $1.4bn $1.6bn $1.1bn $1.0bn $1.6bn
Revenue growth, last 12 months 38.6% 17.6% 14.8% 28.6% 30.3% 10.0% 10.4%
Revenue growth, 3-year average 37.1% 16.9% 143.5% 16.1% — 3.5% 11.3%
Revenue growth, latest quarter 33.7% 29.4% 11.5% 34.7% — −1.2% 10.6%
Gross margin — — 43.9% 58.6% 73.6% — 58.0%
Operating margin 4.6% 5.0% 26.4% 13.9% 21.3% — 11.2%
Operating margin, 3-year average −10.7% 20.1% 16.2% 11.4% 28.5% — 19.8%
Net margin 4.9% −19.9% 10.8% 10.0% 19.2% 20.2% 10.5%
Cash from operations / revenue −13.5% −2.4% 17.3% 11.5% 19.2% −266.8% 22.7%
Free-cash-flow margin −14.0% −2.8% 16.3% 8.7% 18.9% −275.2% 18.4%
Free-cash-flow margin, 3-year average −8.3% −7.0% 9.7% 7.6% −1.5% −313.4% 23.6%
Stock pay / revenue 11.3% 1.3% 2.3% 1.0% 0.8% 2.8% 1.3%
Change in share count 14.1% −2.4% 17.0% −0.0% −15.0% 1.0% −0.8%

Median of all 39 companies we cover in consumer finance. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

39 consumer finance companies
Measure Company Peer median Rank
Revenue growth Growth 38.6% 10.4% 7 of 39
Change in growth rate Growth -7.7pp +0.6pp 32 of 38
Operating margin Profitability 4.6% 13.9% 12 of 16
Net margin Profitability 4.9% 10.5% 28 of 39
Stock pay as % of revenue Cash generation 11.3% 1.3% 35 of 36
Change in share count Balance sheet 14.1% -0.0% 32 of 38

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue YoY
Origination Fees $7.6M —
Subscription Fee $4.7M ▼ 13.0%

These categories overlap or exclude eliminations, so shares aren't shown.

From Upstart Holdings, Inc.'s 10-K filed February 10, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2.1B
Institutions reporting
363
Shares held vs prior quarter
▲ 3.2%
Positions opened / closed
69 / 42

Top buyers and sellers, Q2 2026: 190 institutions bought and 139 sold ; the biggest buyer was Bank Of America Corp (+1.0M shares) and the biggest seller Morgan Stanley (−1.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $279M 7.9M 13.5% ▲ 6.4%
Vanguard Portfolio Management LLC $132M 3.7M 6.4% ▼ 0.1%
Vanguard Capital Management LLC $131M 3.7M 6.3% ▼ 1.4%
Morgan Stanley $85.6M 2.4M 4.1% ▼ 39.3%
Goldman Sachs Group Inc $84.9M 2.4M 4.1% ▲ 53.6%
Marshall Wace, LLP $84M 2.4M 4.1% ▼ 27.7%
Geode Capital Management, LLC $79M 2.2M 3.8% ▲ 4.9%
State Street Corp $75.1M 2.1M 3.6% ▲ 3.2%
Clear Street Group Inc. $64.8M 1.8M 3.1% ▲ 17.6%
Halter Ferguson Financial Inc. $61.9M 1.7M 3.0% ▲ 19.1%
Bank Of America Corp $53.6M 1.5M 2.6% ▲ 198.9%
UBS Group AG $53.3M 1.5M 2.6% ▲ 70.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Upstart Holdings, Inc.'s complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $11.6M 6 trades by 2 insiders, last 12 months Insider sales History → $7.4M 38 trades by 5 insiders · 15% under pre-set plans
Net ▲ $4.2M net buying
Insider Date Trade Shares Price Value
Gu Paul Chief Executive Officer September 10, 2026 Buy 50,000 $25.55 $1.3M
Datta Sanjay President, Capital& Enterprise September 8, 2026 Sell 116,000 $27.29 $3.2M
Mirgorodskaya Natalia See Remarks August 25, 2026 Sell pre-set plan 913 $30.03 $27,417
Mirgorodskaya Natalia See Remarks August 20, 2026 Sell 586 $28.09 $16,461
Darling Scott Chief Legal Officer August 20, 2026 Sell 7,696 $28.09 $216,181
Datta Sanjay President, Capital& Enterprise August 20, 2026 Sell 8,945 $28.09 $251,265
Blankmeyer Andrea Chief Financial Officer August 19, 2026 Sell pre-set plan 3,000 $29.33 $87,990
Datta Sanjay President, Capital& Enterprise August 19, 2026 Sell 10,000 $31.46 $314,600
Blankmeyer Andrea Chief Financial Officer August 17, 2026 Sell pre-set plan 7,175 $29.36 $210,658
Darling Scott Chief Legal Officer August 17, 2026 Sell 814 $29.36 $23,899
Datta Sanjay President, Capital& Enterprise August 17, 2026 Sell 2,033 $29.36 $59,689
Datta Sanjay President, Capital& Enterprise June 9, 2026 Sell 15,000 $30.41 $456,150

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Upstart Holdings, Inc. disclosed in the last 12 months; 4 earlier trades on record.

  • Thomas R. Suozzi(D-NY 3):Sale (full), $1,001 - $15,000, traded May 16, 2022, filed May 20, 2022
  • Thomas R. Suozzi(D-NY 3):Sale (full), $1,001 - $15,000, traded May 16, 2022, filed May 20, 2022
  • Thomas R. Suozzi(D-NY 3):Purchase, $15,001 - $50,000, traded May 5, 2022, filed May 20, 2022

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 9, 2027 estimated from the company's past filing pattern, not announced

  • November 3, 2026
  • August 4, 2026
  • May 5, 2026
  • February 10, 2026
  • November 4, 2025
  • August 5, 2025

Recent SEC filings

Data status

When each part of this page on Upstart Holdings, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Upstart Holdings, Inc. in brief

What does Upstart Holdings, Inc. do?
Upstart Holdings, Inc. is a US-listed company in the consumer finance industry. Its financial year ends in December.
What is Upstart Holdings, Inc.'s stock ticker?
Upstart Holdings, Inc. trades under the ticker UPST on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Upstart Holdings, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Upstart Holdings, Inc. reported revenue of $1.3B, 38.6% higher than a year earlier, according to its SEC filings.
What is Upstart Holdings, Inc.'s free cash flow?
Upstart Holdings, Inc.'s free-cash-flow margin is -14.0% of revenue over the trailing twelve months.
Who are Upstart Holdings, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Upstart Holdings, Inc.'s market cap?
On November 2, 2026, Upstart Holdings, Inc.'s market capitalisation was about $2.4B, with a price-to-earnings ratio of 37.2 and net debt of $1.6B. Market figures come from third-party market data and may be delayed.
Who are Upstart Holdings, Inc.'s competitors?
In our Consumer Finance peer group, the companies closest to Upstart Holdings, Inc. are PRA Group Inc, Pagaya Technologies Ltd., Ezcorp Inc, X Financial and Happen, Inc. The side-by-side comparison below sets their revenue, margins and growth against Upstart Holdings, Inc.'s.
Are insiders buying or selling Upstart Holdings, Inc. stock?
Over the last 12 months, Upstart Holdings, Inc.'s directors and officers reported 6 open-market purchases and 38 sales on Form 4. The insider trading page charts every trade.
When is Upstart Holdings, Inc.'s next earnings date?
Around November 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Upstart Holdings, Inc. announces its own schedule.