Upstart Holdings, Inc. UPST NASDAQ

Upstart Holdings, Inc. (UPST) generated $-147.73M in operating cash flow for fiscal year 2025. After capital expenditures of $18.41M, free cash flow was $-166.13M.

Free cash flow margin was -15.4% of revenue. Cash conversion ratio was -2.76x, suggesting some earnings are non-cash.

Criteria supported by this page:

• HEALTH (33/100, Fail) — weak cash flow raises concerns about debt servicing
• MOAT (65/100, Partial) — cash flow generation is present but not at levels indicating a wide moat
• INCOME (45/100) — Cash conversion ratio was -2.76x suggests some earnings are non-cash items

Overall SharesGrow Score: 55/100 with 2/7 criteria passed.