As of Q4'25, UPST's latest data shows ROA at 0.63%, ROE at 2.33%, and ROIC at 2.18%. This marks a notable improvement from previous quarters, with all three profitability ratios turning positive by the end of the period. From Q1'23 to Q4'25, the chart reveals a clear recovery trend across all metrics. Initially, ROA, ROE, and ROIC were deeply negative, reflecting operational challenges, but began to improve steadily from mid-2024. The most significant inflection occurs between Q3'24 and Q2'25, where each metric transitions from negative to positive territory, indicating a turnaround in UPST's operating performance and capital efficiency over the observed period.