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Side-by-side financial comparison of HighPeak Energy, Inc. (HPK) 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 $216.6M, roughly 1.4× HighPeak Energy, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs -11.6%, a 17.9% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs -23.3%). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs -13.2%).
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. The company serves over 7 million customers in the eastern United States. In 2024 it ranked as the 141st largest company in the United States – its highest-ever placement on the Fortune 500 list.
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.
HPK vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $216.6M | $296.1M |
| Net Profit | $-25.2M | $18.6M |
| Gross Margin | — | — |
| Operating Margin | -7.6% | 6.4% |
| Net Margin | -11.6% | 6.3% |
| Revenue YoY | -23.3% | 35.2% |
| Net Profit YoY | -380.7% | 776.4% |
| EPS (diluted) | $-0.16 | $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 | $216.6M | $296.1M | ||
| Q3 25 | $188.9M | $277.1M | ||
| Q2 25 | $200.4M | $257.3M | ||
| Q1 25 | $257.4M | $213.4M | ||
| Q4 24 | $282.6M | $219.0M | ||
| Q3 24 | $271.6M | $162.1M | ||
| Q2 24 | $275.3M | $127.6M | ||
| Q1 24 | $287.8M | $127.8M |
| Q4 25 | $-25.2M | $18.6M | ||
| Q3 25 | $-18.3M | $31.8M | ||
| Q2 25 | $26.2M | $5.6M | ||
| Q1 25 | $36.3M | $-2.4M | ||
| Q4 24 | $9.0M | $-2.8M | ||
| Q3 24 | $49.9M | $-6.8M | ||
| Q2 24 | $29.7M | $-54.5M | ||
| Q1 24 | $6.4M | $-64.6M |
| Q4 25 | -7.6% | 6.4% | ||
| Q3 25 | 17.3% | 8.5% | ||
| Q2 25 | 21.7% | 1.8% | ||
| Q1 25 | 35.1% | -2.1% | ||
| Q4 24 | 26.1% | -2.2% | ||
| Q3 24 | 27.0% | -27.8% | ||
| Q2 24 | 31.7% | -43.5% | ||
| Q1 24 | 35.8% | -52.8% |
| Q4 25 | -11.6% | 6.3% | ||
| Q3 25 | -9.7% | 11.5% | ||
| Q2 25 | 13.1% | 2.2% | ||
| Q1 25 | 14.1% | -1.1% | ||
| Q4 24 | 3.2% | -1.3% | ||
| Q3 24 | 18.4% | -4.2% | ||
| Q2 24 | 10.8% | -42.7% | ||
| Q1 24 | 2.2% | -50.5% |
| Q4 25 | $-0.16 | $0.20 | ||
| Q3 25 | $-0.15 | $0.23 | ||
| Q2 25 | $0.19 | $0.05 | ||
| Q1 25 | $0.26 | $-0.03 | ||
| Q4 24 | $0.06 | $-0.01 | ||
| Q3 24 | $0.35 | $-0.07 | ||
| Q2 24 | $0.21 | $-0.62 | ||
| Q1 24 | $0.05 | $-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 | $162.1M | $652.4M |
| Total DebtLower is stronger | $1.2B | — |
| Stockholders' EquityBook value | $1.6B | $798.8M |
| Total Assets | $3.2B | $3.0B |
| Debt / EquityLower = less leverage | 0.75× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $162.1M | $652.4M | ||
| Q3 25 | $164.9M | $489.8M | ||
| Q2 25 | $21.9M | $395.9M | ||
| Q1 25 | $51.6M | $599.8M | ||
| Q4 24 | $86.6M | $788.4M | ||
| Q3 24 | $135.6M | — | ||
| Q2 24 | $157.9M | — | ||
| Q1 24 | $173.4M | — |
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.0B | — | ||
| Q1 25 | $1.0B | — | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.1B | — | ||
| Q1 24 | $1.1B | — |
| Q4 25 | $1.6B | $798.8M | ||
| Q3 25 | $1.6B | $743.7M | ||
| Q2 25 | $1.7B | $722.0M | ||
| Q1 25 | $1.6B | $676.6M | ||
| Q4 24 | $1.6B | $633.2M | ||
| Q3 24 | $1.6B | $595.5M | ||
| Q2 24 | $1.6B | $594.7M | ||
| Q1 24 | $1.5B | $612.8M |
| Q4 25 | $3.2B | $3.0B | ||
| Q3 25 | $3.2B | $2.9B | ||
| Q2 25 | $3.1B | $2.5B | ||
| Q1 25 | $3.1B | $2.3B | ||
| Q4 24 | $3.1B | $2.4B | ||
| Q3 24 | $3.1B | $1.8B | ||
| Q2 24 | $3.1B | $1.8B | ||
| Q1 24 | $3.1B | $1.9B |
| Q4 25 | 0.75× | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.62× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.65× | — | ||
| Q3 24 | 0.67× | — | ||
| Q2 24 | 0.70× | — | ||
| Q1 24 | 0.73× | — |
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 | $93.1M | $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 | $93.1M | $108.6M | ||
| Q3 25 | $120.2M | $-122.6M | ||
| Q2 25 | $141.2M | $-120.2M | ||
| Q1 25 | $157.1M | $-13.5M | ||
| Q4 24 | $139.5M | $-110.9M | ||
| Q3 24 | $177.1M | $179.3M | ||
| Q2 24 | $202.3M | $65.3M | ||
| Q1 24 | $171.4M | $52.6M |
| 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 24 | — | $51.9M |
| 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 24 | — | 40.6% |
| 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 24 | — | 0.5% |
| Q4 25 | — | 5.82× | ||
| Q3 25 | — | -3.86× | ||
| Q2 25 | 5.39× | -21.43× | ||
| Q1 25 | 4.32× | — | ||
| Q4 24 | 15.53× | — | ||
| Q3 24 | 3.55× | — | ||
| Q2 24 | 6.81× | — | ||
| Q1 24 | 26.63× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HPK
| Crude Oil Sales | $152.1M | 70% |
| Natural Gas And NGL Sales | $60.8M | 28% |
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% |
