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Side-by-side financial comparison of Dine Brands Global, Inc. (DIN) 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 ($308.2M vs $217.6M, roughly 1.4× Dine Brands Global, Inc.). Upstart Holdings, Inc. runs the higher net margin — -2.2% vs -5.6%, a 3.5% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (44.4% vs 6.3%). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (55.4% CAGR vs 2.7%).
Dine Brands Global Inc. is a publicly traded food and beverage company based in Pasadena, California. Founded in 1958 as IHOP, it operates franchised and corporate owned full-service restaurants including three restaurant concepts, Applebee's Neighborhood Grill & Bar, International House of Pancakes (IHOP), and Fuzzy's Taco Shop.
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.
DIN vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $217.6M | $308.2M |
| Net Profit | $-12.2M | $-6.6M |
| Gross Margin | 42.4% | — |
| Operating Margin | -7.6% | -2.4% |
| Net Margin | -5.6% | -2.2% |
| Revenue YoY | 6.3% | 44.4% |
| Net Profit YoY | -336.1% | -171.6% |
| EPS (diluted) | $-0.79 | $-0.07 |
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 | — | $308.2M | ||
| Q4 25 | $217.6M | $296.1M | ||
| Q3 25 | $216.2M | $277.1M | ||
| Q2 25 | $230.8M | $257.3M | ||
| Q1 25 | $214.8M | $213.4M | ||
| Q4 24 | $204.8M | $219.0M | ||
| Q3 24 | $195.0M | $162.1M | ||
| Q2 24 | $206.3M | $127.6M |
| Q1 26 | — | $-6.6M | ||
| Q4 25 | $-12.2M | $18.6M | ||
| Q3 25 | $7.3M | $31.8M | ||
| Q2 25 | $13.8M | $5.6M | ||
| Q1 25 | $8.2M | $-2.4M | ||
| Q4 24 | $5.2M | $-2.8M | ||
| Q3 24 | $19.1M | $-6.8M | ||
| Q2 24 | $23.2M | $-54.5M |
| Q1 26 | — | — | ||
| Q4 25 | 42.4% | — | ||
| Q3 25 | 39.1% | — | ||
| Q2 25 | 40.0% | — | ||
| Q1 25 | 42.0% | — | ||
| Q4 24 | 41.7% | — | ||
| Q3 24 | 47.8% | — | ||
| Q2 24 | 48.1% | — |
| Q1 26 | — | -2.4% | ||
| Q4 25 | -7.6% | 6.4% | ||
| Q3 25 | 4.7% | 8.5% | ||
| Q2 25 | 8.2% | 1.8% | ||
| Q1 25 | 6.0% | -2.1% | ||
| Q4 24 | 3.8% | -2.2% | ||
| Q3 24 | 13.6% | -27.8% | ||
| Q2 24 | 15.1% | -43.5% |
| Q1 26 | — | -2.2% | ||
| Q4 25 | -5.6% | 6.3% | ||
| Q3 25 | 3.4% | 11.5% | ||
| Q2 25 | 6.0% | 2.2% | ||
| Q1 25 | 3.8% | -1.1% | ||
| Q4 24 | 2.5% | -1.3% | ||
| Q3 24 | 9.8% | -4.2% | ||
| Q2 24 | 11.2% | -42.7% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-0.79 | $0.20 | ||
| Q3 25 | $0.48 | $0.23 | ||
| Q2 25 | $0.89 | $0.05 | ||
| Q1 25 | $0.53 | $-0.03 | ||
| Q4 24 | $0.35 | $-0.01 | ||
| Q3 24 | $1.24 | $-0.07 | ||
| Q2 24 | $1.50 | $-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 | $128.2M | $472.9M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $-273.9M | $733.2M |
| Total Assets | $1.7B | $3.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $472.9M | ||
| Q4 25 | $128.2M | $652.4M | ||
| Q3 25 | $167.9M | $489.8M | ||
| Q2 25 | $194.2M | $395.9M | ||
| Q1 25 | $186.5M | $599.8M | ||
| Q4 24 | $186.7M | $788.4M | ||
| Q3 24 | $169.6M | — | ||
| Q2 24 | $153.5M | — |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $1.2B | — | ||
| Q2 24 | $1.2B | — |
| Q1 26 | — | $733.2M | ||
| Q4 25 | $-273.9M | $798.8M | ||
| Q3 25 | $-231.9M | $743.7M | ||
| Q2 25 | $-212.5M | $722.0M | ||
| Q1 25 | $-215.7M | $676.6M | ||
| Q4 24 | $-216.0M | $633.2M | ||
| Q3 24 | $-216.7M | $595.5M | ||
| Q2 24 | $-231.7M | $594.7M |
| Q1 26 | — | $3.0B | ||
| Q4 25 | $1.7B | $3.0B | ||
| Q3 25 | $1.8B | $2.9B | ||
| Q2 25 | $1.8B | $2.5B | ||
| Q1 25 | $1.8B | $2.3B | ||
| Q4 24 | $1.8B | $2.4B | ||
| Q3 24 | $1.7B | $1.8B | ||
| Q2 24 | $1.7B | $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 | $5.7M | $-133.3M |
| Free Cash FlowOCF − Capex | $-8.6M | — |
| FCF MarginFCF / Revenue | -3.9% | — |
| Capex IntensityCapex / Revenue | 6.6% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $53.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-133.3M | ||
| Q4 25 | $5.7M | $108.6M | ||
| Q3 25 | $30.2M | $-122.6M | ||
| Q2 25 | $37.0M | $-120.2M | ||
| Q1 25 | $16.1M | $-13.5M | ||
| Q4 24 | $30.5M | $-110.9M | ||
| Q3 24 | $25.5M | $179.3M | ||
| Q2 24 | $21.6M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-8.6M | $108.4M | ||
| Q3 25 | $18.1M | $-122.7M | ||
| Q2 25 | $31.0M | $-120.3M | ||
| Q1 25 | $12.8M | — | ||
| Q4 24 | $26.7M | — | ||
| Q3 24 | $22.0M | $179.2M | ||
| Q2 24 | $18.2M | $65.3M |
| Q1 26 | — | — | ||
| Q4 25 | -3.9% | 36.6% | ||
| Q3 25 | 8.4% | -44.3% | ||
| Q2 25 | 13.4% | -46.7% | ||
| Q1 25 | 6.0% | — | ||
| Q4 24 | 13.0% | — | ||
| Q3 24 | 11.3% | 110.5% | ||
| Q2 24 | 8.8% | 51.1% |
| Q1 26 | — | — | ||
| Q4 25 | 6.6% | 0.1% | ||
| Q3 25 | 5.6% | 0.0% | ||
| Q2 25 | 2.6% | 0.0% | ||
| Q1 25 | 1.5% | 0.0% | ||
| Q4 24 | 1.9% | 0.0% | ||
| Q3 24 | 1.8% | 0.1% | ||
| Q2 24 | 1.7% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.82× | ||
| Q3 25 | 4.12× | -3.86× | ||
| Q2 25 | 2.68× | -21.43× | ||
| Q1 25 | 1.97× | — | ||
| Q4 24 | 5.88× | — | ||
| Q3 24 | 1.34× | — | ||
| Q2 24 | 0.93× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIN
| Franchisor | $163.2M | 75% |
| Food And Beverage | $27.3M | 13% |
| Proprietary Product Sales And Other | $17.0M | 8% |
| Other | $8.1M | 4% |
| Franchise And Development Fees | $2.0M | 1% |
UPST
| Platform and referral fees, net | $224.6M | 73% |
| Servicing and other fees, net | $52.4M | 17% |
| Other | $31.2M | 10% |
