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Side-by-side financial comparison of Civeo Corp (CVEO) 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 $161.6M, roughly 1.8× Civeo Corp). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs -4.0%, a 10.3% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 7.1%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $14.5M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs -1.4%).
The Civeo Corporation is an American accommodation services multinational corporation. It is a spin-off of Oil States International. It is a public company listed on the New York Stock Exchange.
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.
CVEO vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $161.6M | $296.1M |
| Net Profit | $-6.5M | $18.6M |
| Gross Margin | 22.7% | — |
| Operating Margin | -0.1% | 6.4% |
| Net Margin | -4.0% | 6.3% |
| Revenue YoY | 7.1% | 35.2% |
| Net Profit YoY | 58.1% | 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 | $161.6M | $296.1M | ||
| Q3 25 | $170.5M | $277.1M | ||
| Q2 25 | $162.7M | $257.3M | ||
| Q1 25 | $144.0M | $213.4M | ||
| Q4 24 | $151.0M | $219.0M | ||
| Q3 24 | $176.3M | $162.1M | ||
| Q2 24 | $188.7M | $127.6M | ||
| Q1 24 | $166.1M | $127.8M |
| Q4 25 | $-6.5M | $18.6M | ||
| Q3 25 | $-455.0K | $31.8M | ||
| Q2 25 | $-3.3M | $5.6M | ||
| Q1 25 | $-9.8M | $-2.4M | ||
| Q4 24 | $-15.4M | $-2.8M | ||
| Q3 24 | $-5.1M | $-6.8M | ||
| Q2 24 | $8.2M | $-54.5M | ||
| Q1 24 | $-5.1M | $-64.6M |
| Q4 25 | 22.7% | — | ||
| Q3 25 | 25.7% | — | ||
| Q2 25 | 25.3% | — | ||
| Q1 25 | 20.4% | — | ||
| Q4 24 | 18.6% | — | ||
| Q3 24 | 21.4% | — | ||
| Q2 24 | 25.4% | — | ||
| Q1 24 | 21.5% | — |
| Q4 25 | -0.1% | 6.4% | ||
| Q3 25 | 4.1% | 8.5% | ||
| Q2 25 | 1.7% | 1.8% | ||
| Q1 25 | -3.8% | -2.1% | ||
| Q4 24 | -6.7% | -2.2% | ||
| Q3 24 | 0.0% | -27.8% | ||
| Q2 24 | 6.9% | -43.5% | ||
| Q1 24 | -1.1% | -52.8% |
| Q4 25 | -4.0% | 6.3% | ||
| Q3 25 | -0.3% | 11.5% | ||
| Q2 25 | -2.0% | 2.2% | ||
| Q1 25 | -6.8% | -1.1% | ||
| Q4 24 | -10.2% | -1.3% | ||
| Q3 24 | -2.9% | -4.2% | ||
| Q2 24 | 4.4% | -42.7% | ||
| Q1 24 | -3.1% | -50.5% |
| Q4 25 | $-0.58 | $0.20 | ||
| Q3 25 | $-0.04 | $0.23 | ||
| Q2 25 | $-0.25 | $0.05 | ||
| Q1 25 | $-0.72 | $-0.03 | ||
| Q4 24 | $-1.04 | $-0.01 | ||
| Q3 24 | $-0.36 | $-0.07 | ||
| Q2 24 | $0.56 | $-0.62 | ||
| Q1 24 | $-0.35 | $-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 | $14.4M | $652.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $174.4M | $798.8M |
| Total Assets | $477.4M | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $14.4M | $652.4M | ||
| Q3 25 | $12.0M | $489.8M | ||
| Q2 25 | $14.6M | $395.9M | ||
| Q1 25 | $28.4M | $599.8M | ||
| Q4 24 | $5.2M | $788.4M | ||
| Q3 24 | $17.9M | — | ||
| Q2 24 | $7.4M | — | ||
| Q1 24 | $16.8M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $43.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $174.4M | $798.8M | ||
| Q3 25 | $182.5M | $743.7M | ||
| Q2 25 | $209.4M | $722.0M | ||
| Q1 25 | $220.7M | $676.6M | ||
| Q4 24 | $236.4M | $633.2M | ||
| Q3 24 | $282.2M | $595.5M | ||
| Q2 24 | $297.4M | $594.7M | ||
| Q1 24 | $297.4M | $612.8M |
| Q4 25 | $477.4M | $3.0B | ||
| Q3 25 | $491.1M | $2.9B | ||
| Q2 25 | $508.8M | $2.5B | ||
| Q1 25 | $423.8M | $2.3B | ||
| Q4 24 | $405.1M | $2.4B | ||
| Q3 24 | $477.6M | $1.8B | ||
| Q2 24 | $483.2M | $1.8B | ||
| Q1 24 | $513.1M | $1.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| 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 | $19.3M | $108.6M |
| Free Cash FlowOCF − Capex | $14.5M | $108.4M |
| FCF MarginFCF / Revenue | 8.9% | 36.6% |
| Capex IntensityCapex / Revenue | 3.0% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | $2.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $108.6M | ||
| Q3 25 | $13.8M | $-122.6M | ||
| Q2 25 | $-2.3M | $-120.2M | ||
| Q1 25 | $-8.4M | $-13.5M | ||
| Q4 24 | $9.5M | $-110.9M | ||
| Q3 24 | $35.7M | $179.3M | ||
| Q2 24 | $32.4M | $65.3M | ||
| Q1 24 | $6.0M | $52.6M |
| Q4 25 | $14.5M | $108.4M | ||
| Q3 25 | $8.2M | $-122.7M | ||
| Q2 25 | $-6.8M | $-120.3M | ||
| Q1 25 | $-13.7M | — | ||
| Q4 24 | $1.8M | — | ||
| Q3 24 | $28.2M | $179.2M | ||
| Q2 24 | $27.0M | $65.3M | ||
| Q1 24 | $372.0K | $51.9M |
| Q4 25 | 8.9% | 36.6% | ||
| Q3 25 | 4.8% | -44.3% | ||
| Q2 25 | -4.2% | -46.7% | ||
| Q1 25 | -9.5% | — | ||
| Q4 24 | 1.2% | — | ||
| Q3 24 | 16.0% | 110.5% | ||
| Q2 24 | 14.3% | 51.1% | ||
| Q1 24 | 0.2% | 40.6% |
| Q4 25 | 3.0% | 0.1% | ||
| Q3 25 | 3.3% | 0.0% | ||
| Q2 25 | 2.8% | 0.0% | ||
| Q1 25 | 3.7% | 0.0% | ||
| Q4 24 | 5.1% | 0.0% | ||
| Q3 24 | 4.2% | 0.1% | ||
| Q2 24 | 2.8% | 0.0% | ||
| Q1 24 | 3.4% | 0.5% |
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | — | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.93× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVEO
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% |
