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Side-by-side financial comparison of Alarm.com Holdings, Inc. (ALRM) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
Upstart Holdings, Inc. is the larger business by last-quarter revenue ($296.1M vs $261.7M, roughly 1.1× Alarm.com Holdings, Inc.). Alarm.com Holdings, Inc. runs the higher net margin — 13.2% vs 6.3%, a 6.9% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 8.0%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $35.1M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs 8.3%).
Alarm.com, Inc. is an American technology company that provides cloud-based services for remote control, home automation, and alarm monitoring services. The company was founded in 2000 as a spinoff from MicroStrategy. The company is based in Tysons, Virginia.
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
ALRM vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $261.7M | $296.1M |
| Net Profit | $34.6M | $18.6M |
| Gross Margin | 66.0% | — |
| Operating Margin | 13.4% | 6.4% |
| Net Margin | 13.2% | 6.3% |
| Revenue YoY | 8.0% | 35.2% |
| Net Profit YoY | 14.8% | 776.4% |
| EPS (diluted) | $0.66 | $0.20 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $261.7M | $296.1M | ||
| Q3 25 | $256.4M | $277.1M | ||
| Q2 25 | $254.3M | $257.3M | ||
| Q1 25 | $238.8M | $213.4M | ||
| Q4 24 | $242.2M | $219.0M | ||
| Q3 24 | $240.5M | $162.1M | ||
| Q2 24 | $233.8M | $127.6M | ||
| Q1 24 | $223.3M | $127.8M |
| Q4 25 | $34.6M | $18.6M | ||
| Q3 25 | $35.1M | $31.8M | ||
| Q2 25 | $34.2M | $5.6M | ||
| Q1 25 | $27.7M | $-2.4M | ||
| Q4 24 | $30.1M | $-2.8M | ||
| Q3 24 | $36.7M | $-6.8M | ||
| Q2 24 | $33.5M | $-54.5M | ||
| Q1 24 | $23.6M | $-64.6M |
| Q4 25 | 66.0% | — | ||
| Q3 25 | 65.8% | — | ||
| Q2 25 | 65.6% | — | ||
| Q1 25 | 67.2% | — | ||
| Q4 24 | 65.5% | — | ||
| Q3 24 | 64.8% | — | ||
| Q2 24 | 65.2% | — | ||
| Q1 24 | 65.7% | — |
| Q4 25 | 13.4% | 6.4% | ||
| Q3 25 | 14.4% | 8.5% | ||
| Q2 25 | 12.6% | 1.8% | ||
| Q1 25 | 12.4% | -2.1% | ||
| Q4 24 | 12.7% | -2.2% | ||
| Q3 24 | 13.8% | -27.8% | ||
| Q2 24 | 11.0% | -43.5% | ||
| Q1 24 | 8.4% | -52.8% |
| Q4 25 | 13.2% | 6.3% | ||
| Q3 25 | 13.7% | 11.5% | ||
| Q2 25 | 13.5% | 2.2% | ||
| Q1 25 | 11.6% | -1.1% | ||
| Q4 24 | 12.4% | -1.3% | ||
| Q3 24 | 15.3% | -4.2% | ||
| Q2 24 | 14.3% | -42.7% | ||
| Q1 24 | 10.6% | -50.5% |
| Q4 25 | $0.66 | $0.20 | ||
| Q3 25 | $0.65 | $0.23 | ||
| Q2 25 | $0.63 | $0.05 | ||
| Q1 25 | $0.52 | $-0.03 | ||
| Q4 24 | $0.56 | $-0.01 | ||
| Q3 24 | $0.67 | $-0.07 | ||
| Q2 24 | $0.62 | $-0.62 | ||
| Q1 24 | $0.44 | $-0.74 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $960.6M | $652.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $848.2M | $798.8M |
| Total Assets | $2.1B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.6M | $652.4M | ||
| Q3 25 | $1.1B | $489.8M | ||
| Q2 25 | $1.0B | $395.9M | ||
| Q1 25 | $1.2B | $599.8M | ||
| Q4 24 | $1.2B | $788.4M | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $747.9M | — |
| Q4 25 | $848.2M | $798.8M | ||
| Q3 25 | $827.2M | $743.7M | ||
| Q2 25 | $797.3M | $722.0M | ||
| Q1 25 | $759.6M | $676.6M | ||
| Q4 24 | $726.5M | $633.2M | ||
| Q3 24 | $690.3M | $595.5M | ||
| Q2 24 | $645.5M | $594.7M | ||
| Q1 24 | $728.1M | $612.8M |
| Q4 25 | $2.1B | $3.0B | ||
| Q3 25 | $2.1B | $2.9B | ||
| Q2 25 | $2.1B | $2.5B | ||
| Q1 25 | $2.1B | $2.3B | ||
| Q4 24 | $2.0B | $2.4B | ||
| Q3 24 | $2.0B | $1.8B | ||
| Q2 24 | $1.9B | $1.8B | ||
| Q1 24 | $1.5B | $1.9B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $35.9M | $108.6M |
| Free Cash FlowOCF − Capex | $35.1M | $108.4M |
| FCF MarginFCF / Revenue | 13.4% | 36.6% |
| Capex IntensityCapex / Revenue | 0.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.04× | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | $137.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $35.9M | $108.6M | ||
| Q3 25 | $70.6M | $-122.6M | ||
| Q2 25 | $22.7M | $-120.2M | ||
| Q1 25 | $24.1M | $-13.5M | ||
| Q4 24 | $56.3M | $-110.9M | ||
| Q3 24 | $77.3M | $179.3M | ||
| Q2 24 | $23.0M | $65.3M | ||
| Q1 24 | $49.9M | $52.6M |
| Q4 25 | $35.1M | $108.4M | ||
| Q3 25 | $65.9M | $-122.7M | ||
| Q2 25 | $18.2M | $-120.3M | ||
| Q1 25 | $17.9M | — | ||
| Q4 24 | $54.0M | — | ||
| Q3 24 | $74.5M | $179.2M | ||
| Q2 24 | $21.0M | $65.3M | ||
| Q1 24 | $46.8M | $51.9M |
| Q4 25 | 13.4% | 36.6% | ||
| Q3 25 | 25.7% | -44.3% | ||
| Q2 25 | 7.1% | -46.7% | ||
| Q1 25 | 7.5% | — | ||
| Q4 24 | 22.3% | — | ||
| Q3 24 | 31.0% | 110.5% | ||
| Q2 24 | 9.0% | 51.1% | ||
| Q1 24 | 21.0% | 40.6% |
| Q4 25 | 0.3% | 0.1% | ||
| Q3 25 | 1.9% | 0.0% | ||
| Q2 25 | 1.8% | 0.0% | ||
| Q1 25 | 2.6% | 0.0% | ||
| Q4 24 | 0.9% | 0.0% | ||
| Q3 24 | 1.2% | 0.1% | ||
| Q2 24 | 0.9% | 0.0% | ||
| Q1 24 | 1.4% | 0.5% |
| Q4 25 | 1.04× | 5.82× | ||
| Q3 25 | 2.01× | -3.86× | ||
| Q2 25 | 0.66× | -21.43× | ||
| Q1 25 | 0.87× | — | ||
| Q4 24 | 1.87× | — | ||
| Q3 24 | 2.11× | — | ||
| Q2 24 | 0.69× | — | ||
| Q1 24 | 2.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALRM
| License And Service | $180.2M | 69% |
| Hardwareand Other Revenue | $81.4M | 31% |
UPST
| Personal Lending Segment | $201.4M | 68% |
| Servicing Fees Net | $39.5M | 13% |
| Servicing Fees | $27.5M | 9% |
| Other | $15.7M | 5% |
| Borrower Fees | $8.4M | 3% |
| Collection Agency Fees | $3.5M | 1% |
