UPST
Market read
The latest filing evidence is available. 6 of 40 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 0 directly disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 14 of 40 members or fewer.
Research brief
The latest filing evidence is available. 6 of 40 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 0 directly disclosed connections are confirming.
No thresholded adverse filing evidence is available yet.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“Net Cash from Financing Activities Net cash provided by financing activities was $100.2 million for the six months ended June 30, 2026 primarily due to $170.7 million of net proceeds from borrowings, and $37.5 million change in payables to investors, partiall…”10-Q · Aug 4, 2026 ↗
“The increase was partially offset by a $7.0 million decrease in legal and compliance expenses.”10-K · Feb 10, 2026 ↗
“These increases were primarily due to model improvements and product initiatives, which resulted in an increase in the number of qualified borrower demand.”10-Q · Aug 4, 2026 ↗
Valuation discipline
Price/sales 2.4× · EV/sales 1.7×. Comparisons use only industry-matched filing peers.
Scenarios are withheld for Financial Services until sector-specific earnings and capital metrics are available; generic revenue/P/S scaffolds would be misleading.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 1 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for UPST. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment
10-Q filed 2026-08-04 against the comparable filing from 2025-08-05.
Capital and cash conversion
Capital spending consumed more revenue while free-cash-flow margin declined.
Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.
No thresholded deterioration was identified.
“The increase was primarily driven by dividend income earned on certain cash accounts and expense on convertible notes, which were included within other income, net, for the three months ended June 30, 2025 compared to interest income and interest expense, for the three months ended June 30, 2026.”
“The increase was primarily driven by dividend income earned on certain cash accounts and expense on convertible notes, which were included within other income, net, for the six months ended June 30, 2025 compared to interest income and interest expense, for the six months ended June 30, 2026.”
“The increase in non-cash adjustments was primarily related to $79.3 million of stock-based compensation expense and $74.1 million of changes in fair value of loans, partially offset by $20.8 million net gain on loan servicing rights from loan sales.”
Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Filing peers
Companies whose filings use similar operating language.
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What is moving around it
UPST is currently a Early Follower in the organic co-movement group Software Stocks. This group is discovered from market behaviour rather than assigned from an industry taxonomy. No verified filing-linked names are available yet.
Context history
No durable theme membership has been observed for this name yet.