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/company/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, VANGUARD PORTFOLIO MANAGEMENT. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/company/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

61.7/100

Rank #762 of 2,961 stocksTOP 50%

View Financials peers →

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

Revenue Growth

94.3/100

Profitability

62.9/100

Balance Sheet

54.2/100

Earnings Quality

1.8/100

Free Cash Flow

12.1/100

Institutional Flow

23.6/100

Revenue Scale

54.2/100

Dilution Risk

13.7/100

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Why UPST Scores 62/100

exact factor attribution · 2026-09-11

UPST's composite is driven by revenue growth and profitability, held back by free cash flow and earnings quality. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+11.8 pts

94th pct

Profitability

+2.6 pts

63th pct

Scale

+0.8 pts

54th pct

Capital efficiency

+0.6 pts

54th pct

Earnings growth

+0.1 pts

52th pct

Institutional flow

-1.8 pts

24th pct

Shareholder dilution

-2.4 pts

14th pct

Earnings quality

-4.8 pts

2th pct

Free cash flow

-5.7 pts

12th pct

Latest change (2026-08-05): 52 → 52 · ↓ Institutional flow 66→52

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

UPST Stock Analysis & AI Quality Score

Data updated 2026-09-11

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 61.7/100 on a 32-signal composite quality model, placing it at rank #762 of 2,961 stocks — the top half of the AI-ranked universe. UPST scores in the top quartile across revenue growth (94.3). Areas of concern include earnings quality (1.8) and free cash flow (12.1), which score below median versus the broader universe. Shareholder dilution risk is elevated at 13.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Upstart Holdings, Inc. reports quarterly revenue of $364.7M, net income of $16.5M, an operating margin of 4.0%. Top institutional holders of UPST by reported 13-F value include BlackRock, LINDEN ADVISORS, VANGUARD PORTFOLIO MANAGEMENT, 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 61.7 — a declining long-term trajectory across 64 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

Q2 2026

$364.7M

Net Income

Q2 2026

$16.5M

Free Cash Flow

Q2 2026

$-138.7M

Operating Margin

Q2 2026

4.0%

ROIC

Q2 2026

2.1%

D/E Ratio

Q2 2026

2.51

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+64.0% YoY

$1.04BFY 2025

FY22 $842.4MFY23 $513.6MFY24 $636.5MFY25 $1.04B

Net Income

+141.7% YoY

$53.6MFY 2025

FY22 $-108.7MFY23 $-240.1MFY24 $-128.6MFY25 $53.6M

Operating Income

+124.7% YoY

$42.6MFY 2025

FY22 $-113.9MFY23 $-256.5MFY24 $-172.9MFY25 $42.6M

EPS (Diluted)

+131.3% YoY

$0.45FY 2025

FY22 $-1.31FY23 $-2.87FY24 $-1.44FY25 $0.45

Total Assets

+25.7% YoY

$2.97BFY 2025

FY22 $1.94BFY23 $2.02BFY24 $2.37BFY25 $2.97B

Total Debt

+30.5% YoY

$1.83BFY 2025

FY22 $986.4MFY23 $1.04BFY24 $1.40BFY25 $1.83B

Op. Cash Flow

-179.3% YoY

$-147.7MFY 2025

FY22 $-657.9MFY23 $-111.7MFY24 $186.3MFY25 $-147.7M

Free Cash Flow

-179.8% YoY

$-148.1MFY 2025

FY22 $-666.7MFY23 $-113.2MFY24 $185.5MFY25 $-148.1M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$1.04B +64.0%	$636.5M +23.9%	$513.6M -39.0%	$842.4M -0.7%	$848.6M +263.6%	$233.4M
Net Income	$53.6M +141.7%	$-128.6M +46.5%	$-240.1M -121.0%	$-108.7M -180.2%	$135.4M +2163.8%	$6.0M
Operating Income	$42.6M +124.7%	$-172.9M +32.6%	$-256.5M -125.3%	$-113.9M -180.8%	$140.9M +1097.5%	$11.8M
EPS (Diluted)	$0.45 +131.3%	$-1.44 +49.8%	$-2.87 -119.1%	$-1.31 -191.6%	$1.43	$0.00
Total Assets	$2.97B +25.7%	$2.37B +17.3%	$2.02B +4.2%	$1.94B +6.4%	$1.82B +281.4%	$477.3M
Total Debt	$1.83B +30.5%	$1.40B +34.8%	$1.04B +5.5%	$986.4M +41.8%	$695.4M +1010.5%	$62.6M
Operating Cash Flow	$-147.7M -179.3%	$186.3M +266.8%	$-111.7M +83.0%	$-657.9M -490.8%	$168.4M +972.5%	$15.7M
Free Cash Flow	$-148.1M -179.8%	$185.5M +263.8%	$-113.2M +83.0%	$-666.7M -516.9%	$159.9M +1015.1%	$14.3M

AI Insight: UPST Financial Trends

Revenue accelerating sharply (+18% YoY in Q2 2026) but debt ballooned 43% while operating cash flow remains persistently negative.

• Revenue grew from $277M (Q3 2025) to $365M (Q2 2026), +32% over 9 months, with Q2 2026 at $365M marking the highest level.

• Net income returned to profitability: $32M in Q3 2025, then $19M (Q4 2025), $-7M (Q1 2026), rebounded to $17M (Q2 2026).

• Total debt surged from $887M (Q3 2024) to $2,003M (Q2 2026), a 126% increase over 21 months.

⚠ Operating cash flow negative for 6 of 8 quarters; latest -$137M (Q2 2026) despite $365M revenue and $17M net income.

⚠ Leverage deteriorated: debt-to-equity ratio 2.52x (Q2 2026) vs. 1.49x (Q3 2024); sustainability of debt servicing unclear.

AI Insight: UPST Ratio Trends

Upstart swung from deep losses in late 2024 to modest profitability by mid-2026, but margins remain volatile and well below Q3 2025's 8.5% peak.

• Operating margin recovered from -27.9% in Q3 2024 to 4.0% in TTM, driven by Q3 2025 spike to 8.5% before softening to 4.0% in Q2 2026.

• ROE and ROIC turned positive in Q2 2025 (3.1% and 0.8% respectively) and peaked in Q3 2025 (17.1% and 3.6%), indicating operational turnaround.

• Debt-to-equity climbed from 1.49 in Q3 2024 to 2.62 in Q1 2026 before settling at 2.51 in TTM, signaling rising leverage despite profitability recovery.

⚠ Q1 2026 showed sharp margin contraction to -2.4% operating margin and negative ROIC (-1.1%), breaking the profitability trend established through Q4 2025.

⚠ Quarterly volatility persists: Q2 2026 rebounded to 4.0% operating margin, but lack of consistency raises visibility concerns.

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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.
$279.1M7,878,717 sh
LINDEN ADVISORS LP
$203.8M178,145,000 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$132.5M3,739,758 sh
VANGUARD CAPITAL MANAGEMENT LLC
$131.0M3,698,553 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$108.4M3,059,600 sh
LINDEN ADVISORS LP
$103.8M126,302,000 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$91.7M2,589,500 sh
MORGAN STANLEY
$85.6M2,414,712 sh
GOLDMAN SACHS GROUP INC
$84.9M2,395,222 sh
MARSHALL WACE, LLP
$84.0M2,370,690 sh

Fund	Value	Shares
BlackRock, Inc.	$279.1M	7,878,717
LINDEN ADVISORS LP	$203.8M	178,145,000
VANGUARD PORTFOLIO MANAGEMENT LLC	$132.5M	3,739,758
VANGUARD CAPITAL MANAGEMENT LLC	$131.0M	3,698,553
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$108.4M	3,059,600
LINDEN ADVISORS LP	$103.8M	126,302,000
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$91.7M	2,589,500
MORGAN STANLEY	$85.6M	2,414,712
GOLDMAN SACHS GROUP INC	$84.9M	2,395,222
MARSHALL WACE, LLP	$84.0M	2,370,690

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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. UPST is classified as a mid company.

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.