Upstart Holdings, Inc. (UPST) Return on equity 2020–2025
Upstart Holdings, Inc. (UPST) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
6.7%FY2025 · since FY2020: 2.0% → 6.7%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | 6.7% | +27.0 pp |
| FY2024 | -20.3% | +17.5 pp |
| FY2023 | -37.8% | -21.6 pp |
| FY2022 | -16.2% | -32.9 pp |
| FY2021 | 16.8% | +14.8 pp |
| FY2020 | 2.0% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice