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Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. Upstart’s platform includes personal loans, automotive retail and refinance loans, home equity lines of credit and small dollar loans.
2013
1.2K+
LTM Revenue $689M
LTM EBITDA $34.8M
$8.2B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Upstart has a last 12-month revenue of $689M and a last 12-month EBITDA of $34.8M.
In the most recent fiscal year, Upstart achieved revenue of $629M and an EBITDA of n/a.
Upstart expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Upstart valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $838M | $508M | $629M | $689M | XXX |
| Gross Profit | n/a | n/a | n/a | XXX | XXX |
| Gross Margin | NaN% | NaN% | NaN% | XXX | XXX |
| EBITDA | n/a | n/a | n/a | $34.8M | XXX |
| EBITDA Margin | NaN% | NaN% | NaN% | 5% | XXX |
| Net Profit | -$109M | -$240M | -$129M | XXX | XXX |
| Net Margin | -13% | -47% | -20% | XXX | XXX |
| Net Debt | $554M | $663M | $609M | XXX | XXX |
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As of February 21, 2025, Upstart's stock price is $72.
Upstart has current market cap of $6.7B, and EV of $8.2B.
See Upstart trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $8.2B | $6.7B | XXX | XXX | XXX | XXX | $0.02 |
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Sign UpAs of February 21, 2025, Upstart has market cap of $6.7B and EV of $8.2B.
Upstart's trades at 11.9x LTM EV/Revenue multiple, and 234.9x LTM EBITDA.
Analysts estimate Upstart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Upstart and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $8.2B | XXX | XXX | XXX |
| EV/Revenue | 13.0x | XXX | XXX | XXX |
| EV/EBITDA | n/a | XXX | XXX | XXX |
| P/E | -52.3x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | 46.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpUpstart's NTM/LTM revenue growth is 49%
Upstart's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged n/a for the same period.
Over next 12 months, Upstart's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Upstart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Upstart and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | XXX | XXX | XXX |
| EBITDA Margin | n/a | XXX | XXX | XXX | XXX |
| EBITDA Growth | n/a | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | n/a | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | n/a | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 27% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 62% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | n/a | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Credit Clear | XXX | XXX | XXX | XXX | XXX | XXX |
| Humm Group | XXX | XXX | XXX | XXX | XXX | XXX |
| MoneyMe | XXX | XXX | XXX | XXX | XXX | XXX |
| Plenti Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Pepper Money | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Upstart acquired XXX companies to date.
Last acquisition by Upstart was XXXXXXXX, XXXXX XXXXX XXXXXX . Upstart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Upstart founded? | Upstart was founded in 2013. |
| Where is Upstart headquartered? | Upstart is headquartered in United States of America. |
| How many employees does Upstart have? | As of today, Upstart has 1.2K+ employees. |
| Who is the CEO of Upstart? | Upstart's CEO is Mr. Dave Girouard. |
| Is Upstart publicy listed? | Yes, Upstart is a public company listed on NAS. |
| What is the stock symbol of Upstart? | Upstart trades under UPST ticker. |
| When did Upstart go public? | Upstart went public in 2020. |
| Who are competitors of Upstart? | Similar companies to Upstart include e.g. Credit Clear, Humm Group, MoneyMe, Plenti Group. |
| What is the current market cap of Upstart? | Upstart's current market cap is $6.7B |
| What is the current revenue of Upstart? | Upstart's last 12-month revenue is $689M. |
| What is the current EBITDA of Upstart? | Upstart's last 12-month EBITDA is $34.8M. |
| What is the current EV/Revenue multiple of Upstart? | Current revenue multiple of Upstart is 11.9x. |
| What is the current EV/EBITDA multiple of Upstart? | Current EBITDA multiple of Upstart is 234.9x. |
| What is the current revenue growth of Upstart? | Upstart revenue growth between 2023 and 2024 was 24%. |
| Is Upstart profitable? | Yes, Upstart is EBITDA-positive (as of the last 12 months). |
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