Gross Margin
Percentage of revenue retained after cost of goods sold.
Latest Gross Margin: 82.1% (2026Q1); +1.1 pp YoY.
Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Rule of 40
Quarterly Gross Margin Data
| Period | Value |
|---|---|
| 2021Q2 | 87.5% |
| 2021Q3 | 84.7% |
| 2021Q4 | 86.5% |
| 2022Q1 | 84.4% |
| 2022Q2 | 77.6% |
| 2022Q3 | 71.4% |
| 2022Q4 | 70.4% |
| 2023Q1 | 60.6% |
| 2023Q2 | 72.9% |
| 2023Q3 | 72.6% |
| 2023Q4 | 74.3% |
| 2024Q1 | 69.2% |
| 2024Q2 | 69.7% |
| 2024Q3 | 75.8% |
| 2024Q4 | 81.5% |
| 2025Q1 | 81.0% |
| 2025Q2 | 82.0% |
| 2025Q3 | 82.0% |
| 2025Q4 | 82.5% |
| 2026Q1 | 82.1% |
Fintech Comparison
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Other UPST Charts
More quarter-by-quarter fundamentals for Upstart Holdings, Inc.
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