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UPST EV/Sales

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As of Q4'25, UPST's EV/Sales ratio stands at 15.74, marking the lowest point in the observed period. This latest figure represents a continued decline from the previous quarter's 20.26, indicating a notable contraction in valuation relative to sales. From Q1'23 to Q4'25, the EV/Sales ratio for UPST has exhibited significant volatility. The metric peaked sharply at 47.95 in Q3'24 before dropping to 37.85 in Q4'24 and then trending downward through 2025. Despite intermittent surges, the overall trend since mid-2024 has been a pronounced decline, suggesting shifting market sentiment or changes in company fundamentals over the covered period.