What is the 13F Pro Quality Score for UPST?

13F Pro ranks Upstart Holdings, Inc. (UPST) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View UPST's current score at https://13fpro.ai/research/UPST (free sign-up required for the full ranking).

Which hedge funds own the most UPST stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of UPST include BlackRock,, LINDEN ADVISORS, MORGAN STANLEY. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/UPST as soon as new 13F filings post.

Where does 13F Pro source UPST data?

All Upstart Holdings, Inc. fundamentals and ownership data come directly from SEC EDGAR. Upstart Holdings, Inc. files with the SEC under CIK 1647639. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is UPST in?

Upstart Holdings, Inc. (UPST) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is UPST research updated on 13F Pro?

UPST's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Upstart Holdings, Inc.(UPST)Stock Analysis

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13F Pro Quality Score

51.7/100

Rank #1,379 of 2,879 stocksTOP 50%

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.

Revenue Growth

90.6/100

Profitability

62.0/100

Balance Sheet

43.1/100

Earnings Quality

30.0/100

Free Cash Flow

10.8/100

Institutional Flow

65.5/100

Revenue Scale

50.5/100

Dilution Risk

14.2/100

UPST Stock Analysis & AI Quality Score

AI stock analysis and institutional research for Upstart Holdings, Inc. (UPST), a Financials sector company. 13F Pro's AI-powered ranking engine scores UPST at 51.7/100 on a 32-signal composite quality model, placing it at rank #1,379 of 2,879 stocks — the top half of the AI-ranked universe. UPST scores in the top quartile across revenue growth (90.6). Areas of concern include free cash flow (10.8) and earnings quality (30.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 14.2/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Upstart Holdings, Inc. reports quarterly revenue of $308.2M, net income of $-6.6M, free cash flow of $-136.0M. Top institutional holders of UPST by reported 13-F value include BlackRock,, LINDEN ADVISORS, MORGAN STANLEY, based on the most recent SEC filings. UPST trades on the Nasdaq exchange and files with the SEC under CIK 1647639. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UPST daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Upstart Holdings, Inc. directly from SEC EDGAR. Upstart Holdings, Inc.'s 13F Pro composite quality score has ranged between 22 and 67 since 2022, currently 51.7 — a declining long-term trajectory across 26 quarterly and live scoring snapshots.

✦

Fun facts about Upstart Holdings, Inc.

Quirks, history, and lore behind UPST — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial technology company · listed on Nasdaq · headquartered in California · operates in the consumer lending space.
2
The Numbers
Revenue swings wildly with interest-rate cycles — it peaked near $850 million in 2022 before collapsing, a reminder that fintech and the Fed are frenemies.
3
The History
Founded in 2012 by ex-Google executives, it went public in late 2020 and briefly became a Wall Street darling before a brutal 90%+ drawdown humbled the bulls.
4
The Secret
It doesn't actually lend its own money — it's a marketplace that connects borrowers to bank partners, using artificial intelligence to assess creditworthiness instead of FICO scores.
5
The Lore
Its pitch: traditional credit scores ignore most of what actually predicts loan repayment, and its AI model considers over 1,500 variables — including education and employment history.
6
The Giveaway
The ticker is four letters and practically describes the company: an AI-powered personal loan platform that says the banking system is stuck in the past and it is the upstart here to fix it.

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Revenue

Q1 2026

$308.2M

Net Income

Q1 2026

$-6.6M

Free Cash Flow

Q1 2026

$-136.0M

ROIC

Q1 2026

-0.3%

D/E Ratio

Q1 2026

2.62

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

+64.0% YoY

$1.04BFY 2025

FY21 $848.6MFY22 $842.4MFY24 $636.5MFY25 $1.04B

Net Income

+141.7% YoY

$53.6MFY 2025

FY21 $135.4MFY22 $-108.7MFY24 $-128.6MFY25 $53.6M

Operating Income

+124.7% YoY

$42.6MFY 2025

FY21 $140.9MFY22 $-113.9MFY24 $-172.9MFY25 $42.6M

EPS (Diluted)

+131.3% YoY

$0.45FY 2025

FY21 $1.43FY22 $-1.31FY24 $-1.44FY25 $0.45

Total Assets

+25.7% YoY

$2.97BFY 2025

FY21 $1.82BFY22 $1.94BFY24 $2.37BFY25 $2.97B

Total Debt

+30.5% YoY

$1.83BFY 2025

FY21 $695.4MFY22 $986.4MFY24 $1.40BFY25 $1.83B

Op. Cash Flow

-179.3% YoY

$-147.7MFY 2025

FY21 $168.4MFY22 $-657.9MFY24 $186.3MFY25 $-147.7M

Metric	FY 2025	FY 2024	FY 2022	FY 2021	FY 2020	FY 2019
Revenue	$1.04B +64.0%	$636.5M -24.4%	$842.4M -0.7%	$848.6M +263.6%	$233.4M +42.2%	$164.2M
Net Income	$53.6M +141.7%	$-128.6M -18.3%	$-108.7M -180.2%	$135.4M +2163.8%	$6.0M +1383.9%	$-466.0K
Operating Income	$42.6M +124.7%	$-172.9M -51.8%	$-113.9M -180.8%	$140.9M +1097.5%	$11.8M +357.2%	$-4.6M
EPS (Diluted)	$0.45 +131.3%	$-1.44 -9.9%	$-1.31 -191.6%	$1.43	$0.00 +100.0%	$-0.03
Total Assets	$2.97B +25.7%	$2.37B +22.3%	$1.94B +6.4%	$1.82B +281.4%	$477.3M	—
Total Debt	$1.83B +30.5%	$1.40B +42.2%	$986.4M +41.8%	$695.4M +1010.5%	$62.6M	—
Operating Cash Flow	$-147.7M -179.3%	$186.3M +128.3%	$-657.9M -490.8%	$168.4M +972.5%	$15.7M -50.3%	$31.6M

AI Insight: UPST Financial Trends

Revenue growth sustained above 8% YoY, but profitability stumbled in Q1 2026 amid rising debt and negative cash flow.

• Revenue grew 13.6% from Q1 2025 ($213M) to Q1 2026 ($308M), demonstrating consistent topline expansion.

• Net income swung to loss of $7M in Q1 2026 after Q4 2025 profit of $19M, reversing profitability momentum.

• Total debt surged to $1,922M in Q1 2026 from $1,335M in Q1 2025, a 44% increase YoY.

⚠ Operating cash flow negative $133M in Q1 2026; first negative quarter in eight-quarter stretch raises sustainability concerns.

⚠ Debt-to-equity ratio deteriorated to 2.62x in Q1 2026 from 1.97x in Q1 2025, signaling rising leverage.

AI Insight: UPST Ratio Trends

Upstart's profitability momentum reversed sharply in Q1 2026, swinging to losses across all return metrics after three consecutive profitable quarters.

• Operating margin collapsed from 6.4% in Q4 2025 to -2.4% in Q1 2026; ROE fell from 9.3% to -3.6%.

• TTM metrics remain modestly positive (OpMargin 3.5%, NPM 4.3%, ROE 6.7%), but latest quarter erased Q4 2025 gains entirely.

• Leverage rose to 2.62 D/E in Q1 2026, highest level since TTM period began, amid profitability deterioration.

⚠ Q1 2026 profitability collapse signals potential seasonality or structural headwind; trend sustainability critical over next 2 quarters.

⚠ ROIC turned negative at -1.1% vs. 2.9% in Q4 2025—first quarterly loss since Q1 2025 as recovery derailed.

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Available Research

13F Pro tracks comprehensive data for Upstart Holdings, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of UPST

BlackRock, Inc.
$189.9M7,403,079 sh
LINDEN ADVISORS LP
$173.2M176,645,000 sh
MORGAN STANLEY
$102.0M3,975,059 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$97.7M3,809,800 sh
VANGUARD CAPITAL MANAGEMENT LLC
$96.2M3,752,050 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$96.0M3,743,541 sh
LINDEN ADVISORS LP
$90.9M126,302,000 sh
MARSHALL WACE, LLP
$84.1M3,280,110 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$68.3M2,664,700 sh
WHITEBOX ADVISORS LLC
$63.3M64,900,000 sh

Fund	Value	Shares
BlackRock, Inc.	$189.9M	7,403,079
LINDEN ADVISORS LP	$173.2M	176,645,000
MORGAN STANLEY	$102.0M	3,975,059
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$97.7M	3,809,800
VANGUARD CAPITAL MANAGEMENT LLC	$96.2M	3,752,050
VANGUARD PORTFOLIO MANAGEMENT LLC	$96.0M	3,743,541
LINDEN ADVISORS LP	$90.9M	126,302,000
MARSHALL WACE, LLP	$84.1M	3,280,110
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$68.3M	2,664,700
WHITEBOX ADVISORS LLC	$63.3M	64,900,000

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Is UPST a good stock to buy?

13F Pro's AI-powered analysis of Upstart Holdings, Inc. (UPST) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for UPST are available on the UPST stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own UPST?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling UPST. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Upstart Holdings, Inc.'s investment landscape.