UPST Rule of 40
Rule of 40 combines revenue growth and free cash flow margin in one quarterly score.
n/m
Q3
137
2024
Q4
58
Q1
46
Q2
-27
Q3
70
2025
Q4
0
Q1
4
2026
Q2
40
0
Mix
Other UPST Charts
More quarter-by-quarter fundamentals for Upstart Holdings, Inc.
1 / 10
Revenue
EPS
Free Cash Flow
Gross Margin
FCF Margin
P/E Ratio
Cumulative FCF
Shares Outstanding
Total Assets
Total Debt
Fintech Comparison
1 / 3
SOFI · Rule of 40
2026 Q2 · latest
n/mNot meaningful yet
HOOD · Rule of 40
2026 Q2 · latest
85.5✓ Passing
Growth +32.3%
FCF +53.2%
n/m
Q3
n/m
2024
Q4
119
Q1
n/m
Q2
n/m
Q3
-47
2025
Q4
n/m
Q1
85
2026
Q2
40
0
Mix
AFRM · Rule of 40
2026 Q4 · latest
52.7✓ Passing
Growth +33.0%
FCF +19.7%
63
Q1
78
Q2
56
Q3
36
2025
Q4
68
Q1
40
Q2
64
Q3
53
2026
Q4
40
0
Mix
Latest Rule of 40: +4 (2026Q2); −42 pts YoY.
Across the 8 quarters from 2024Q3 to 2026Q2, Rule of 40 ranged from −27 in 2025Q3 to +137 in 2024Q4.