UPST - Upstart Holdings, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$38.29
DETAILS
HIGH:
$46.00
LOW:
$30.00
MEDIAN:
$37.00
CONSENSUS:
$38.29
UPSIDE:
34.07%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 1,075.5 | 677.0 | 547.7 | 853.3 | 849.9 | 230.1 | 189.3 | 95.6 | 55.6 |
| Cost of Revenue | 51.5 | 48.1 | 39.6 | 15.5 | 3.3 | 8.0 | 26.5 | 0 | 0 |
| Gross Profit | 1,024.0 | 628.8 | 508.1 | 837.8 | 846.6 | 222.1 | 162.8 | 95.6 | 55.6 |
| Operating Expenses | |||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 743.6 | 555.7 | 489.9 | 719.1 | 572.5 | 182.8 | 150.0 | 98.9 | 59.5 |
| Other Expenses | 226.0 | 201.5 | 258.2 | 227.8 | 140.4 | 33.3 | 17.7 | 7.9 | 5.0 |
| Operating Expenses | 969.7 | 757.2 | 748.1 | 946.8 | 712.9 | 216.1 | 167.7 | 106.8 | 64.5 |
| Operating Income | |||||||||
| Operating Income | 54.3 | (128.4) | (240.0) | (109.1) | 133.7 | 6.0 | (4.9) | (8.0) | (7.5) |
| Interest Expense | 51.5 | 48.1 | 39.6 | 15.5 | 3.3 | 8.0 | 26.5 | 26.5 | 9.4 |
| Interest Income | 204.2 | 186.4 | 169.0 | 105.6 | 20.6 | 26.4 | 63.3 | 76.7 | 21.1 |
| Profitability | |||||||||
| EBITDA | 79.2 | (107.8) | (215.1) | (95.6) | 141.3 | 8.2 | (4.2) | 18.8 | 2.0 |
| EBIT | 54.3 | (128.4) | (240.0) | (109.1) | 133.7 | 6.0 | (4.9) | 18.5 | 1.9 |
| Income Before Tax | 54.3 | (128.4) | (240.0) | (109.1) | 133.7 | 6.0 | (4.9) | (11.2) | (8.9) |
| Income Tax Expense | 0.7 | 0.2 | 0.1 | (0.4) | (1.7) | 0.4 | 0.1 | 0 | 0.0 |
| Net Income | 53.6 | (128.6) | (240.1) | (108.7) | 135.4 | 6.0 | (0.5) | (12.3) | (7.7) |
| Per Share Data | |||||||||
| EPS (Basic) | 0.56 | -1.44 | -2.87 | -1.31 | 1.73 | 0.27 | -0.03 | -0.87 | -0.56 |
| EPS (Diluted) | 0.45 | -1.44 | -2.87 | -1.31 | 1.43 | 0.23 | -0.03 | -0.87 | -0.56 |
| Shares Outstanding | 96.0 | 89.5 | 83.8 | 82.8 | 78.1 | 21.8 | 14.4 | 14.1 | 13.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 657.4 | 793.6 | 377.3 | 432.4 | 995.0 | 258.8 | 50.8 | 73.0 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 97.4 | 70.3 | 55.3 | 52.8 | 63.8 | 30.7 | 42.4 | 5.1 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 404.6 | 187.8 | 0 | 0 | 0 | 0 | 0 | 555.1 |
| Total Current Assets | 1,199.1 | 1,080.6 | 450.6 | 502.0 | 1,088.8 | 295.5 | 98.5 | 633.2 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 60.6 | 82.5 | 97.3 | 130.5 | 120.4 | 28.3 | 22.2 | 0.1 |
| Goodwill | 67.1 | 67.1 | 67.1 | 67.1 | 67.1 | 0 | 0 | 0 |
| Intangible Assets | 8.3 | 9.4 | 11.4 | 15.6 | 19.9 | 0 | 0 | 1.4 |
| Long-Term Investments | 1,025.8 | 849.4 | 1,203.6 | 1,051.7 | 292.5 | 78.5 | 232.3 | 0 |
| Other Non-Current Assets | 613.9 | 278.0 | 187.1 | 169.2 | 231.8 | 74.9 | 40.5 | 11.2 |
| Total Non-Current Assets | 1,775.7 | 1,286.4 | 1,566.5 | 1,434.1 | 731.7 | 181.8 | 295.0 | 12.7 |
| Total Assets | 2,974.8 | 2,367.0 | 2,017.1 | 1,936.1 | 1,820.5 | 477.3 | 393.5 | 645.9 |
| Current Liabilities | ||||||||
| Account Payables | 32.0 | 12.4 | 12.6 | 18.7 | 6.6 | 13.8 | 6.6 | 2.9 |
| Short-Term Debt | 97.3 | 195.6 | 387.4 | 336.5 | 48.0 | 40.5 | 84.6 | 49.3 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 337.3 |
| Total Current Liabilities | 401.0 | 457.8 | 458.3 | 400.5 | 140.1 | 79.1 | 111.9 | 71.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 1,731.8 | 1,206.6 | 653.0 | 649.9 | 647.4 | 22.1 | 34.0 | 448.1 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 22.0 | 19.1 | 208.2 | 112.4 | 125.5 | 56.4 | 292.2 | 22.8 |
| Total Non-Current Liabilities | 1,775.0 | 1,276.0 | 923.5 | 863.1 | 873.3 | 97.9 | 343.2 | 470.8 |
| Total Liabilities | 2,176.0 | 1,733.7 | 1,381.8 | 1,263.6 | 1,013.4 | 177.0 | 455.1 | 542.7 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (357.6) | (411.2) | (282.6) | (42.4) | 66.2 | (69.2) | (75.2) | (75.1) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 798.8 | 633.2 | 635.3 | 672.4 | 807.1 | 300.3 | (62.7) | 91.3 |
| Total Liabilities & Equity | 2,974.8 | 2,367.0 | 2,017.1 | 1,936.1 | 1,820.5 | 477.3 | 393.5 | 645.9 |
| Debt Metrics | ||||||||
| Total Debt | 1,850.3 | 1,452.4 | 1,102.7 | 1,087.2 | 795.8 | 82.1 | 135.7 | 501.2 |
| Net Debt | 1,192.8 | 658.8 | 725.4 | 654.8 | (199.2) | (176.7) | 84.9 | 428.2 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | 53.6 | (128.6) | (240.1) | (108.7) | 135.4 | 5.6 | (5.0) | (11.2) | (8.9) |
| Depreciation & Amortization | 24.8 | 20.5 | 24.9 | 13.5 | 7.5 | 2.3 | 0.8 | 0.3 | 0.1 |
| Stock-Based Compensation | 131.9 | 133.4 | 175.0 | 125.9 | 73.2 | 11.5 | 3.8 | 2.0 | 1.3 |
| Change in Working Capital | 26.6 | 34.6 | (19.7) | (5.0) | 55.2 | 18.3 | 0.0 | 13.9 | 21.1 |
| Other Non-Cash Items | (384.8) | 126.3 | (51.8) | (683.6) | (103.1) | (51.0) | 32.0 | 3.0 | 2.0 |
| Operating Cash Flow | (147.7) | 186.3 | (111.7) | (657.9) | 168.4 | 15.7 | 31.6 | 50.3 | 10.4 |
| Investing Activities | |||||||||
| Capital Expenditure | (18.4) | (10.0) | (12.1) | (22.9) | (15.1) | (5.6) | (5.3) | (1.0) | (0.8) |
| Acquisitions | 0 | 11.9 | 0 | 0 | (16.8) | (87.7) | 0 | 8.9 | 16.7 |
| Purchases of Investments | 0 | 0 | 0 | (6.2) | (40) | (9.7) | 0 | (421.1) | (513.9) |
| Sales/Maturities of Investments | 0 | 11.9 | 0 | 0 | 0 | 97.3 | 8.8 | 1.2 | 76.2 |
| Other Investing Activities | (176.8) | (260.7) | (116.9) | (99.0) | (78.7) | 142.1 | 40.7 | (137.4) | (392.6) |
| Investing Cash Flow | (177.2) | (237.7) | (118.5) | (114.1) | (143.9) | 136.5 | 45.4 | (137.2) | (393.4) |
| Financing Activities | |||||||||
| Net Debt Issuance | 390.6 | 562.7 | 193.0 | 287.9 | 647.1 | (82.2) | (116.0) | 87.8 | 397.0 |
| Stock Repurchased | 0 | 0 | 0 | (177.9) | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (10.3) | (31.9) | (48.8) | (16.8) | (55.6) | 1.7 | (4.5) | (2.0) | 15.7 |
| Financing Cash Flow | 405.6 | 559.9 | 165.5 | 113.2 | 855.4 | 79.1 | (119.2) | 135.8 | 412.7 |
| Cash Position | |||||||||
| Net Change in Cash | 80.7 | 508.5 | (64.7) | (658.8) | 879.9 | 231.3 | (42.2) | 48.9 | 29.7 |
| Cash at Beginning | 976.3 | 467.8 | 532.5 | 1,191.2 | 311.3 | 80.1 | 122.2 | 73.4 | 43.7 |
| Cash at End | 1,057.0 | 976.3 | 467.8 | 532.5 | 1,191.2 | 311.3 | 80.1 | 122.2 | 73.4 |
| Free Cash Flow | (166.1) | 176.3 | (123.8) | (680.8) | 153.2 | 10.1 | 26.3 | 49.3 | 9.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 1,075.5 | 677.0 | 547.7 | 853.3 | 849.9 | 230.1 | 189.3 | 95.6 | 55.6 |
| Gross Profit | 1,024.0 | 628.8 | 508.1 | 837.8 | 846.6 | 222.1 | 162.8 | 95.6 | 55.6 |
| Operating Income | 54.3 | (128.4) | (240.0) | (109.1) | 133.7 | 6.0 | (4.9) | (8.0) | (7.5) |
| Net Income | 53.6 | (128.6) | (240.1) | (108.7) | 135.4 | 6.0 | (0.5) | (12.3) | (7.7) |
| EPS (Diluted) | 0.45 | -1.44 | -2.87 | -1.31 | 1.43 | 0.23 | -0.03 | -0.87 | -0.56 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 657.4 | 793.6 | 377.3 | 432.4 | 995.0 | 258.8 | 50.8 | 73.0 | |
| Total Assets | 2,974.8 | 2,367.0 | 2,017.1 | 1,936.1 | 1,820.5 | 477.3 | 393.5 | 645.9 | |
| Total Debt | 1,850.3 | 1,452.4 | 1,102.7 | 1,087.2 | 795.8 | 82.1 | 135.7 | 501.2 | |
| Stockholders' Equity | 798.8 | 633.2 | 635.3 | 672.4 | 807.1 | 300.3 | (62.7) | 91.3 | |
| Cash Flow | |||||||||
| Operating Cash Flow | (147.7) | 186.3 | (111.7) | (657.9) | 168.4 | 15.7 | 31.6 | 50.3 | 10.4 |
| Capital Expenditure | (18.4) | (10.0) | (12.1) | (22.9) | (15.1) | (5.6) | (5.3) | (1.0) | (0.8) |
| Free Cash Flow | (166.1) | 176.3 | (123.8) | (680.8) | 153.2 | 10.1 | 26.3 | 49.3 | 9.6 |