Upstart Holdings, Inc. (UPST) Free cash flow
- Free cash flow · 12 months (USD): Value $-289.05M; Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30..
- Free cash flow margin · 12 months: Value -23.20%; Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30..
Free cash flow
Overview →Financial period ending 2026-06-30; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | $-289.05M | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2026-06-30. $-284.01M − $5.04M ≈ $-289.05M |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | -23.20% | (Operating cash flow − capital spending) / revenue. Period ending 2026-06-30. $-289.05M ÷ $1.25B × 100 ≈ -23.20% |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2026-06-30. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $-284.01M | Cash generated by operating activities. Period ending 2026-06-30. |
| Operating cash flow / net income · 12 months | -4.71× | Operating cash flow / net income. Period ending 2026-06-30. $-284.01M ÷ $60.33M ≈ -4.71× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | -284.01M USD | Net Cash Provided by (Used in) Operating Activities |
| Capital spending | 5.04M USD | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | -289.05M USD | Net Cash Provided by (Used in) Operating Activities · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 1.25B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | Common Stock, Shares, Outstanding |
| Net income | 60.33M USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | $-289.05M | (m) | $-284.01M | $5.04M | (m) | $1.25B | (m) | $60.33M | (m) | (m) | -23.20% | -4.71× |
| 2026-03-31 | $-270.63M | (m) | $-267.54M | $3.10M | (m) | $1.14B | (m) | $49.40M | (m) | (m) | -23.77% | -5.42× |
| 2025-12-31 | $-148.07M | (m) | $-147.72M | $347.00K | (m) | $1.04B | (m) | $53.60M | (m) | (m) | -14.19% | -2.76× |
| 2025-09-30 | $-367.39M | (m) | $-367.20M | $190.00K | (m) | $966.73M | (m) | $32.21M | (m) | (m) | -38.00% | -11.40× |
| 2025-06-30 | $-65.47M | (m) | $-65.23M | $231.00K | (m) | $851.77M | (m) | $-6.35M | (m) | (m) | -7.69% | 10.27× |
| 2025-03-31 | $128.35M | (m) | $128.51M | $153.00K | (m) | $722.11M | (m) | $-66.43M | (m) | (m) | 17.78% | -1.93× |
| 2024-12-31 | $185.49M | (m) | $186.33M | $837.00K | (m) | $636.53M | (m) | $-128.58M | (m) | (m) | 29.14% | -1.45× |
| 2024-09-30 | $101.80M | (m) | $102.88M | $1.08M | (m) | $523.54M | (m) | $-168.22M | (m) | (m) | 19.44% | -0.61× |
| 2024-06-30 | $-185.27M | (m) | $-184.17M | $1.10M | (m) | $508.16M | (m) | $-201.78M | (m) | (m) | -36.46% | 0.91× |
| 2024-03-31 | $-33.24M | (m) | $-32.14M | $1.10M | (m) | $524.22M | (m) | $-175.48M | (m) | (m) | -6.34% | 0.18× |
| 2023-12-31 | $-162.02M | (m) | $-160.49M | $1.53M | (m) | $513.56M | (m) | $-240.13M | (m) | (m) | -31.55% | 0.67× |
| 2023-09-30 | $-272.68M | (m) | $-269.66M | $3.02M | (m) | $563.18M | (m) | $-253.00M | (m) | (m) | -48.42% | 1.07× |
| 2023-06-30 | $-271.99M | (m) | $-267.59M | $4.40M | (m) | $595.77M | (m) | $-268.90M | (m) | (m) | -45.65% | 1.00× |
| 2023-03-31 | $-491.92M | (m) | $-483.61M | $8.31M | (m) | $710.43M | (m) | $-270.61M | (m) | (m) | -69.24% | 1.79× |
| 2022-12-31 | $-683.51M | (m) | $-674.68M | $8.82M | (m) | $907.27M | (m) | $-108.67M | (m) | (m) | -75.34% | 6.21× |
| 2022-09-30 | $-443.51M | (m) | $-432.95M | $10.56M | (m) | $1.04B | (m) | $5.54M | (m) | (m) | -42.68% | -78.12× |
| 2022-06-30 | $-299.99M | (m) | $-287.98M | $12.01M | (m) | $1.07B | (m) | $90.88M | (m) | (m) | -28.03% | -3.17× |
| 2022-03-31 | $-151.32M | (m) | $-141.53M | $9.79M | (m) | $999.09M | (m) | $158.03M | (m) | (m) | -15.15% | -0.90× |
| 2021-12-31 | $159.93M | (m) | $168.35M | $8.43M | (m) | $801.27M | (m) | $135.44M | (m) | (m) | 19.96% | 1.24× |
| 2021-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2021-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-12-31 | $14.34M | (m) | $15.70M | $1.35M | (m) | $228.60M | (m) | $5.98M | (m) | (m) | 6.27% | 2.62× |
| 2020-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2020-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2019-12-31 | $27.58M | (m) | $31.58M | $4.00M | (m) | $159.85M | (m) | $-466.00K | (m) | (m) | 17.25% | -67.77× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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