Upstream Bio, Inc.(UPB)Stock Analysis
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Rank #2,633 of 2,879 stocks
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
UPB Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Upstream Bio, Inc. (UPB), a Healthcare sector company. 13F Pro's AI-powered ranking engine scores UPB at 22.6/100 on a 32-signal composite quality model, placing it at rank #2,633 of 2,879 stocks — the bottom half of the AI-ranked universe. UPB scores in the top quartile across revenue growth (97.5). Areas of concern include free cash flow (0.7) and profitability (1.0), which score below median versus the broader universe. Shareholder dilution risk is elevated at 1.4/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q1 2026), Upstream Bio, Inc. reports quarterly revenue of $1.0M, net income of $-40.6M, free cash flow of $-47.9M. Top institutional holders of UPB by reported 13-F value include FMR, ORBIMED ADVISORS, BlackRock,, based on the most recent SEC filings. UPB trades on the Nasdaq exchange and files with the SEC under CIK 2022626. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UPB 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 Upstream Bio, Inc. directly from SEC EDGAR. Upstream Bio, Inc.'s 13F Pro composite quality score has ranged between 17 and 26 since 2025, currently 22.6 — a declining long-term trajectory across 12 quarterly and live scoring snapshots.
Revenue
Q1 2026
$1.0M
Net Income
Q1 2026
$-40.6M
Free Cash Flow
Q1 2026
$-47.9M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+20.4% YoYNet Income
-128.4% YoYOperating Income
-106.2% YoYEPS (Diluted)
+52.3% YoYTotal Assets
-26.6% YoYOp. Cash Flow
-125.2% YoY| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Revenue | $2.9M +20.4% | $2.4M -0.4% | $2.4M |
| Net Income | $-143.4M -128.4% | $-62.8M -205.8% | $-20.5M |
| Operating Income | $-160.4M -106.2% | $-77.8M -93.9% | $-40.1M |
| EPS (Diluted) | $-2.66 +52.3% | $-5.58 +54.8% | $-12.35 |
| Total Assets | $353.8M -26.6% | $481.7M +311.0% | $117.2M |
| Operating Cash Flow | $-133.3M -125.2% | $-59.2M -56.0% | $-37.9M |
AI Insight: UPB Financial Trends
Upstream Bio is burning through equity at an accelerating pace with no revenue growth and deteriorating cash flow, having depleted $166M in shareholder value over 9 months.
• Revenue flat at $1M across all seven quarters; no meaningful commercial traction.
• Operating cash burn worsened to -$48M in Q1 2026, up 166% from -$20M in Q4 2024.
• Equity declined 35% from $470M (Q4 2024) to $304M (Q1 2026) as losses accumulate.
⚠ Operating losses expanded to -$46M in Q1 2026; if burn rate holds, runway may be constrained.
⚠ Net income losses remain severe and volatile (range -$21M to -$42M); no path to profitability visible.
AI Insight: UPB Ratio Trends
Upstream Bio's profitability metrics have deteriorated sharply across all return measures, with Q1 2026 ROIC at -57.4%, the worst in the dataset.
• ROE worsened from -18.1% in Q4 2024 to -53.4% in Q1 2026, signaling sustained unprofitability and capital destruction.
• ROIC declined from -22.4% in Q4 2024 to -57.4% in Q1 2026, indicating the company is burning capital across all operations.
• ROA fell from -17.6% in Q4 2024 to -51.0% in Q1 2026, reflecting accelerating losses relative to asset base.
⚠ Q2 2025 marked a peak deterioration (ROE -39.1%, ROIC -43.4%) before partial recovery in Q3 2025, then renewed decline into Q1 2026.
⚠ TTM metrics now exceed individual quarter losses (TTM ROIC -56.6% vs. Q1 2026 -57.4%), suggesting sustained burn with no improvement trajectory.
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Available Research
13F Pro tracks comprehensive data for Upstream Bio, Inc. including:
Top Institutional Holders of UPB
FMR LLC
$72.9M8,101,563 shORBIMED ADVISORS LLC
$51.2M5,693,589 shBlackRock, Inc.
$30.3M3,370,689 shDecheng Capital LLC
$24.5M2,724,868 shEnavate Sciences GP, LLC
$22.1M2,459,703 shVANGUARD CAPITAL MANAGEMENT LLC
$16.9M1,873,574 shY-Intercept (Hong Kong) Ltd
$9.0M1,000,631 shFEDERATED HERMES, INC.
$8.8M979,758 shGEODE CAPITAL MANAGEMENT, LLC
$8.6M950,617 shMILLENNIUM MANAGEMENT LLC
$8.4M937,323 sh
| Fund | Value | Shares |
|---|---|---|
| FMR LLC | $72.9M | 8,101,563 |
| ORBIMED ADVISORS LLC | $51.2M | 5,693,589 |
| BlackRock, Inc. | $30.3M | 3,370,689 |
| Decheng Capital LLC | $24.5M | 2,724,868 |
| Enavate Sciences GP, LLC | $22.1M | 2,459,703 |
| VANGUARD CAPITAL MANAGEMENT LLC | $16.9M | 1,873,574 |
| Y-Intercept (Hong Kong) Ltd | $9.0M | 1,000,631 |
| FEDERATED HERMES, INC. | $8.8M | 979,758 |
| GEODE CAPITAL MANAGEMENT, LLC | $8.6M | 950,617 |
| MILLENNIUM MANAGEMENT LLC | $8.4M | 937,323 |
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Popular Research
Is UPB a good stock to buy?
13F Pro's AI-powered analysis of Upstream Bio, Inc. (UPB) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for UPB are available on the UPB 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 UPB?
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 UPB. 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 Upstream Bio, Inc.'s investment landscape.