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Side-by-side financial comparison of BJs RESTAURANTS INC (BJRI) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
BJs RESTAURANTS INC is the larger business by last-quarter revenue ($355.4M vs $296.1M, roughly 1.2× Upstart Holdings, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs 3.6%, a 2.7% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 3.2%). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs 2.6%).
BJ's Restaurants Inc. operates a chain of casual dining restaurants across the United States. Its menu features signature deep-dish pizzas, craft beers, handcrafted cocktails, and a wide range of American comfort food. The brand primarily serves family groups, friend gatherings, and casual diners seeking affordable, high-quality meals in a relaxed, welcoming in-store environment.
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.
BJRI vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $355.4M | $296.1M |
| Net Profit | $12.6M | $18.6M |
| Gross Margin | 74.5% | — |
| Operating Margin | 3.1% | 6.4% |
| Net Margin | 3.6% | 6.3% |
| Revenue YoY | 3.2% | 35.2% |
| Net Profit YoY | -24.2% | 776.4% |
| EPS (diluted) | $0.58 | $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 | $355.4M | $296.1M | ||
| Q3 25 | $365.6M | $277.1M | ||
| Q2 25 | $348.0M | $257.3M | ||
| Q1 25 | — | $213.4M | ||
| Q4 24 | $325.7M | $219.0M | ||
| Q3 24 | $349.9M | $162.1M | ||
| Q2 24 | $337.3M | $127.6M | ||
| Q1 24 | — | $127.8M |
| Q4 25 | $12.6M | $18.6M | ||
| Q3 25 | $22.2M | $31.8M | ||
| Q2 25 | $13.5M | $5.6M | ||
| Q1 25 | — | $-2.4M | ||
| Q4 24 | $-2.9M | $-2.8M | ||
| Q3 24 | $17.2M | $-6.8M | ||
| Q2 24 | $7.7M | $-54.5M | ||
| Q1 24 | — | $-64.6M |
| Q4 25 | 74.5% | — | ||
| Q3 25 | 75.2% | — | ||
| Q2 25 | 75.0% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 73.4% | — | ||
| Q3 24 | 74.3% | — | ||
| Q2 24 | 74.8% | — | ||
| Q1 24 | — | — |
| Q4 25 | 3.1% | 6.4% | ||
| Q3 25 | 5.8% | 8.5% | ||
| Q2 25 | 4.3% | 1.8% | ||
| Q1 25 | — | -2.1% | ||
| Q4 24 | -0.8% | -2.2% | ||
| Q3 24 | 3.8% | -27.8% | ||
| Q2 24 | 2.4% | -43.5% | ||
| Q1 24 | — | -52.8% |
| Q4 25 | 3.6% | 6.3% | ||
| Q3 25 | 6.1% | 11.5% | ||
| Q2 25 | 3.9% | 2.2% | ||
| Q1 25 | — | -1.1% | ||
| Q4 24 | -0.9% | -1.3% | ||
| Q3 24 | 4.9% | -4.2% | ||
| Q2 24 | 2.3% | -42.7% | ||
| Q1 24 | — | -50.5% |
| Q4 25 | $0.58 | $0.20 | ||
| Q3 25 | $0.97 | $0.23 | ||
| Q2 25 | $0.58 | $0.05 | ||
| Q1 25 | — | $-0.03 | ||
| Q4 24 | $-0.13 | $-0.01 | ||
| Q3 24 | $0.72 | $-0.07 | ||
| Q2 24 | $0.32 | $-0.62 | ||
| Q1 24 | — | $-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 | $23.8M | $652.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $366.2M | $798.8M |
| Total Assets | $1.0B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $23.8M | $652.4M | ||
| Q3 25 | $26.0M | $489.8M | ||
| Q2 25 | $19.0M | $395.9M | ||
| Q1 25 | — | $599.8M | ||
| Q4 24 | $18.4M | $788.4M | ||
| Q3 24 | $16.2M | — | ||
| Q2 24 | $18.8M | — | ||
| Q1 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | $60.5M | — | ||
| Q2 25 | $85.5M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $66.5M | — | ||
| Q3 24 | $63.5M | — | ||
| Q2 24 | $58.0M | — | ||
| Q1 24 | — | — |
| Q4 25 | $366.2M | $798.8M | ||
| Q3 25 | $386.6M | $743.7M | ||
| Q2 25 | $371.5M | $722.0M | ||
| Q1 25 | — | $676.6M | ||
| Q4 24 | $376.2M | $633.2M | ||
| Q3 24 | $386.5M | $595.5M | ||
| Q2 24 | $375.4M | $594.7M | ||
| Q1 24 | — | $612.8M |
| Q4 25 | $1.0B | $3.0B | ||
| Q3 25 | $1.0B | $2.9B | ||
| Q2 25 | $1.0B | $2.5B | ||
| Q1 25 | — | $2.3B | ||
| Q4 24 | $1.0B | $2.4B | ||
| Q3 24 | $1.0B | $1.8B | ||
| Q2 24 | $1.0B | $1.8B | ||
| Q1 24 | — | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | 0.16× | — | ||
| Q2 25 | 0.23× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 0.16× | — | ||
| Q2 24 | 0.15× | — | ||
| Q1 24 | — | — |
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 | — | $108.6M |
| Free Cash FlowOCF − Capex | — | $108.4M |
| FCF MarginFCF / Revenue | — | 36.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $108.6M | ||
| Q3 25 | $62.3M | $-122.6M | ||
| Q2 25 | $4.6M | $-120.2M | ||
| Q1 25 | — | $-13.5M | ||
| Q4 24 | $27.3M | $-110.9M | ||
| Q3 24 | $20.2M | $179.3M | ||
| Q2 24 | $22.3M | $65.3M | ||
| Q1 24 | — | $52.6M |
| Q4 25 | — | $108.4M | ||
| Q3 25 | $41.9M | $-122.7M | ||
| Q2 25 | $-12.1M | $-120.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | $7.6M | — | ||
| Q3 24 | $735.0K | $179.2M | ||
| Q2 24 | $448.0K | $65.3M | ||
| Q1 24 | — | $51.9M |
| Q4 25 | — | 36.6% | ||
| Q3 25 | 11.5% | -44.3% | ||
| Q2 25 | -3.5% | -46.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | 2.3% | — | ||
| Q3 24 | 0.2% | 110.5% | ||
| Q2 24 | 0.1% | 51.1% | ||
| Q1 24 | — | 40.6% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 5.6% | 0.0% | ||
| Q2 25 | 4.8% | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | 6.0% | 0.0% | ||
| Q3 24 | 5.6% | 0.1% | ||
| Q2 24 | 6.5% | 0.0% | ||
| Q1 24 | — | 0.5% |
| Q4 25 | — | 5.82× | ||
| Q3 25 | 2.80× | -3.86× | ||
| Q2 25 | 0.34× | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1.18× | — | ||
| Q2 24 | 2.89× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BJRI
Segment breakdown not available.
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% |
