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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) 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 $182.4M, roughly 1.6× Climb Global Solutions, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs 1.8%, a 4.5% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 32.1%). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs 40.7%).
Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.
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.
CLMB vs UPST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $182.4M | $296.1M |
| Net Profit | $3.3M | $18.6M |
| Gross Margin | 14.5% | — |
| Operating Margin | 2.1% | 6.4% |
| Net Margin | 1.8% | 6.3% |
| Revenue YoY | 32.1% | 35.2% |
| Net Profit YoY | -9.5% | 776.4% |
| EPS (diluted) | $0.18 | $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.
| Q1 26 | $182.4M | — | ||
| Q4 25 | $193.8M | $296.1M | ||
| Q3 25 | $161.3M | $277.1M | ||
| Q2 25 | $159.3M | $257.3M | ||
| Q1 25 | $138.0M | $213.4M | ||
| Q4 24 | $161.8M | $219.0M | ||
| Q3 24 | $119.3M | $162.1M | ||
| Q2 24 | $92.1M | $127.6M |
| Q1 26 | $3.3M | — | ||
| Q4 25 | $7.0M | $18.6M | ||
| Q3 25 | $4.7M | $31.8M | ||
| Q2 25 | $6.0M | $5.6M | ||
| Q1 25 | $3.7M | $-2.4M | ||
| Q4 24 | $7.0M | $-2.8M | ||
| Q3 24 | $5.5M | $-6.8M | ||
| Q2 24 | $3.4M | $-54.5M |
| Q1 26 | 14.5% | — | ||
| Q4 25 | 15.4% | — | ||
| Q3 25 | 15.9% | — | ||
| Q2 25 | 16.5% | — | ||
| Q1 25 | 16.9% | — | ||
| Q4 24 | 19.3% | — | ||
| Q3 24 | 20.3% | — | ||
| Q2 24 | 20.2% | — |
| Q1 26 | 2.1% | — | ||
| Q4 25 | 4.9% | 6.4% | ||
| Q3 25 | 4.3% | 8.5% | ||
| Q2 25 | 5.0% | 1.8% | ||
| Q1 25 | 3.5% | -2.1% | ||
| Q4 24 | 7.2% | -2.2% | ||
| Q3 24 | 7.1% | -27.8% | ||
| Q2 24 | 4.6% | -43.5% |
| Q1 26 | 1.8% | — | ||
| Q4 25 | 3.6% | 6.3% | ||
| Q3 25 | 2.9% | 11.5% | ||
| Q2 25 | 3.7% | 2.2% | ||
| Q1 25 | 2.7% | -1.1% | ||
| Q4 24 | 4.3% | -1.3% | ||
| Q3 24 | 4.6% | -4.2% | ||
| Q2 24 | 3.7% | -42.7% |
| Q1 26 | $0.18 | — | ||
| Q4 25 | $1.51 | $0.20 | ||
| Q3 25 | $1.02 | $0.23 | ||
| Q2 25 | $1.30 | $0.05 | ||
| Q1 25 | $0.81 | $-0.03 | ||
| Q4 24 | $1.52 | $-0.01 | ||
| Q3 24 | $1.19 | $-0.07 | ||
| Q2 24 | $0.75 | $-0.62 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $41.8M | $652.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $118.4M | $798.8M |
| Total Assets | $458.8M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $41.8M | — | ||
| Q4 25 | $36.6M | $652.4M | ||
| Q3 25 | $49.8M | $489.8M | ||
| Q2 25 | $28.6M | $395.9M | ||
| Q1 25 | $32.5M | $599.8M | ||
| Q4 24 | $29.8M | $788.4M | ||
| Q3 24 | $22.1M | — | ||
| Q2 24 | $48.4M | — |
| Q1 26 | $118.4M | — | ||
| Q4 25 | $116.6M | $798.8M | ||
| Q3 25 | $109.3M | $743.7M | ||
| Q2 25 | $105.2M | $722.0M | ||
| Q1 25 | $95.6M | $676.6M | ||
| Q4 24 | $90.6M | $633.2M | ||
| Q3 24 | $87.7M | $595.5M | ||
| Q2 24 | $79.8M | $594.7M |
| Q1 26 | $458.8M | — | ||
| Q4 25 | $460.2M | $3.0B | ||
| Q3 25 | $376.1M | $2.9B | ||
| Q2 25 | $420.7M | $2.5B | ||
| Q1 25 | $370.1M | $2.3B | ||
| Q4 24 | $469.2M | $2.4B | ||
| Q3 24 | $371.9M | $1.8B | ||
| Q2 24 | $302.8M | $1.8B |
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.
| Q1 26 | — | — | ||
| Q4 25 | $-11.9M | $108.6M | ||
| Q3 25 | $22.2M | $-122.6M | ||
| Q2 25 | $-2.2M | $-120.2M | ||
| Q1 25 | $8.5M | $-13.5M | ||
| Q4 24 | $16.0M | $-110.9M | ||
| Q3 24 | $-3.6M | $179.3M | ||
| Q2 24 | $7.3M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $108.4M | ||
| Q3 25 | — | $-122.7M | ||
| Q2 25 | — | $-120.3M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $179.2M | ||
| Q2 24 | — | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | 36.6% | ||
| Q3 25 | — | -44.3% | ||
| Q2 25 | — | -46.7% | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 110.5% | ||
| Q2 24 | — | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | -1.70× | 5.82× | ||
| Q3 25 | 4.73× | -3.86× | ||
| Q2 25 | -0.37× | -21.43× | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 2.29× | — | ||
| Q3 24 | -0.66× | — | ||
| Q2 24 | 2.13× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CLMB
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% |
