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. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).
The chart shows the growth of an initial investment of $10,000 in Upstart Holdings, Inc. Common stock, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Upstart Holdings, Inc. Common stock (UPST) has returned -41.90% so far this year and -19.56% over the past 12 months. Looking at the last ten years, UPST has achieved an annualized return of -0.16%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Upstart Holdings, Inc. Common stock (UPST) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -10.86% | -30.14% | -1.42% | -2.37% | ||||||||
| 2025 | 3.63% | 8.76% | -32.40% | 5.24% | -5.75% | 37.30% | 28.44% | -6.08% | -26.47% | -13.10% | -5.33% | -0.13% |
| 2024 | -19.78% | -20.01% | 4.18% | -18.04% | 12.31% | -7.42% | 18.20% | 51.79% | -4.21% | 20.67% | 60.47% | -17.53% |
| 2023 | 37.56% | 0.82% | -14.89% | -11.46% | 96.82% | 34.52% | 92.62% | -52.10% | -12.51% | -16.39% | 10.58% | 54.31% |
| 2022 | -29.04% | 41.95% | -31.82% | -31.34% | -31.09% | -39.36% | -24.11% | 7.78% | -17.57% | 10.54% | -20.75% | -33.90% |
| 2021 | 54.16% | 4.19% | 92.96% | -18.61% | 33.39% | -16.73% | -4.16% | 87.80% | 38.59% | 3.27% | -36.72% | -26.66% |
| 2020 | 56.73% |
The charts below present risk-adjusted performance metrics for Upstart Holdings, Inc. Common stock (UPST) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of UPST compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Upstart Holdings, Inc. Common stock volatility is 3.75%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Liabilities And Equity (USD) | 2.97B | 2.02B | 1.94B | 1.82B |
| Temporary Equity (USD) | - | - | - | - |
| Equity Attributable To Parent (USD) | 798.82M | 635.31M | 672.44M | 807.08M |
| Equity Attributable To Noncontrolling Interest (USD) | - | - | - | - |
| Equity (USD) | 798.82M | 635.31M | 672.44M | 807.08M |
| Noncurrent Liabilities (USD) | - | - | - | - |
| Current Liabilities (USD) | 2.18B | 1.38B | 1.26B | 1.01B |
| Liabilities (USD) | 2.18B | 1.38B | 1.26B | 1.01B |
| Intangible Assets (USD) | 8.29M | 11.36M | 15.63M | 19.91M |
| Fixed Assets (USD) | 44.17M | 42.66M | 44.17M | 24.26M |
| Noncurrent Assets (USD) | - | - | - | - |
| Current Assets (USD) | 2.97B | 2.02B | 1.94B | 1.82B |
| Assets (USD) | 2.97B | 2.02B | 1.94B | 1.82B |
Upstart, an AI-powered credit scoring alternative to traditional bureaus, has shown impressive growth with 64% revenue increase to $1 billion in 2024 and returned to profitability. However, the article argues it likely won't be a millionaire-maker stock due to low competitive barriers. Major competitors like Equifax, Experian, and TransUnion are rapidly developing their own AI credit scoring platforms, which will eventually erode Upstart's advantage despite its current head start since 2012.
Upstart, an AI-powered online lending marketplace, has returned to profitability in 2025 after three consecutive years of losses. The company's business stabilized as interest rates declined, with improved conversion rates and revenue growth. Analysts project strong future growth with revenue and EPS expected to grow at 31% and 92% CAGRs respectively through 2028. Trading at historically low valuations, the stock is positioned as a potential investment opportunity.
Motley Fool contributors Jason Hall and Tyler Crowe recommend Miami International Holdings (MIAX) and Upstart (UPST) as growth stocks with potential to double or exceed investors' money over the long term.
A $1,000 investment in Upstart stock five years ago would be worth only $214 today, representing a 79% decline. While the company pioneered AI-driven credit assessment tools, its financial performance has been highly cyclical and dependent on macroeconomic conditions. Despite a 64% revenue increase in 2025, the stock remains a high-risk bet with questions about achieving durable profitability.
The Portnoy Law Firm has initiated a securities fraud investigation into Upstart Holdings following the company's November 5, 2025 disclosure of missed third-quarter financial expectations. The underperformance was attributed to Upstart's 'Model 22 underwriting system,' which resulted in reduced borrower approvals and conversion rates. The revelation triggered a sharp decline in Upstart's stock price and significant investor losses.
Two fintech stocks, SoFi Technologies and Upstart, have declined significantly year-to-date but present potential doubling opportunities within 5 years. SoFi, down 33% YTD, maintains robust growth with 30% projected revenue growth for 2026 and trades at attractive valuations. Upstart, down 37% YTD, could be transformed by its pending national bank charter application, which would enable deposit-taking and direct lending capabilities, creating new revenue streams.
SoFi Technologies closed down 1.09% at $17.18 on March 18, 2026, as investors weighed the company's rebuttal to a Muddy Waters short report against CEO Anthony Noto's $500,000 insider stock purchase. The broader market declined with the S&P 500 falling 1.37% and Nasdaq dropping 1.46%. Other fintech lenders also struggled, with LendingClub and Upstart posting significant losses.
The Vanguard Total Stock Market ETF (VTI), which tracks all 3,498 U.S. listed companies, could help investors build million-dollar fortunes through steady long-term returns. While it offers lower volatility and diversification compared to concentrated indexes like the S&P 500, it still generated 9.2% annual returns since inception and 15% over the last decade. An investor could reach $1 million with a $100,000 initial investment in 31-40 years at conservative return rates, or through consistent $500 monthly contributions.
Wall Street analysts warn that two popular AI stocks—Palantir Technologies and Upstart Holdings—could face significant declines. Palantir, which has surged 2,350% since 2023, is viewed as overvalued with a P/S ratio of 90, three times historical bubble levels. Upstart faces headwinds from cyclical economic pressures and margin compression as it expands into new loan categories.
SoFi Technologies rose 1.22% to $18.61 on March 3, 2026, driven by a deepened stablecoin partnership with Mastercard and CEO Anthony Noto's $1 million insider share purchase. Under the partnership, SoFi's stablecoin (SoFiUSD) will be offered as a settlement option across Mastercard's payment network. The broader market declined, with the S&P 500 falling 0.94% and Nasdaq dropping 1.02%.
