Upstart Holdings Inc (UPST) — Free Cash Flow Generation Index

Latest as of December 2025: 0.96x

Upstart Holdings Inc (UPST) has a Free Cash Flow Generation Index of 0.96x as of December 2025. Free cash flow of $104.63 Million represents 1% of operating cash flow ($108.55 Million). Read total liabilities of Upstart Holdings Inc for a breakdown of total debt and financial obligations.

FCF Generation Index

0.96x
Free Cash Flow / Operating CF

Free Cash Flow

$104.63 Million
USD

Operating Cash Flow

$108.55 Million
USD

Capital Expenditures

$3.92 Million
USD

Upstart Holdings Inc Free Cash Flow Generation Index (2017–2024)

Historical FCF Generation Index trend for Upstart Holdings Inc across 6 annual periods. Explore UPST capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.

Annual Free Cash Flow Generation for Upstart Holdings Inc (2017–2024)

Year-by-year Free Cash Flow Generation Index for Upstart Holdings Inc. For the full company profile including market capitalisation, see Upstart Holdings Inc (UPST) total market value.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2024 1.00x $185.49 Million $186.33 Million $837.00K ▲ +9.4%
2021 0.91x $153.24 Million $168.35 Million $15.12 Million ▲ +41.6%
2020 0.64x $10.09 Million $15.70 Million $5.61 Million ▼ -22.8%
2019 0.83x $26.30 Million $31.58 Million $5.28 Million ▼ -15.0%
2018 0.98x $49.29 Million $50.34 Million $1.04 Million ▲ +5.8%
2017 0.93x $9.58 Million $10.36 Million $773.00K
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).