vs
Side-by-side financial comparison of TripAdvisor, Inc. (TRIP) and Upstart Holdings, Inc. (UPST). Click either name above to swap in a different company.
TripAdvisor, Inc. is the larger business by last-quarter revenue ($411.0M vs $296.1M, roughly 1.4× Upstart Holdings, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs -9.2%, a 15.5% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 0.0%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $-122.0M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs 2.0%).
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
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.
TRIP vs UPST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $411.0M | $296.1M |
| Net Profit | $-38.0M | $18.6M |
| Gross Margin | 91.5% | — |
| Operating Margin | -8.3% | 6.4% |
| Net Margin | -9.2% | 6.3% |
| Revenue YoY | 0.0% | 35.2% |
| Net Profit YoY | -3900.0% | 776.4% |
| EPS (diluted) | $-0.32 | $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 | $411.0M | $296.1M | ||
| Q3 25 | $553.0M | $277.1M | ||
| Q2 25 | $529.0M | $257.3M | ||
| Q1 25 | $398.0M | $213.4M | ||
| Q4 24 | $411.0M | $219.0M | ||
| Q3 24 | $532.0M | $162.1M | ||
| Q2 24 | $497.0M | $127.6M | ||
| Q1 24 | $395.0M | $127.8M |
| Q4 25 | $-38.0M | $18.6M | ||
| Q3 25 | $53.0M | $31.8M | ||
| Q2 25 | $36.0M | $5.6M | ||
| Q1 25 | $-11.0M | $-2.4M | ||
| Q4 24 | $1.0M | $-2.8M | ||
| Q3 24 | $39.0M | $-6.8M | ||
| Q2 24 | $24.0M | $-54.5M | ||
| Q1 24 | $-59.0M | $-64.6M |
| Q4 25 | 91.5% | — | ||
| Q3 25 | 92.6% | — | ||
| Q2 25 | 92.1% | — | ||
| Q1 25 | 93.2% | — | ||
| Q4 24 | 93.4% | — | ||
| Q3 24 | 92.5% | — | ||
| Q2 24 | 92.8% | — | ||
| Q1 24 | 93.7% | — |
| Q4 25 | -8.3% | 6.4% | ||
| Q3 25 | 12.7% | 8.5% | ||
| Q2 25 | 11.2% | 1.8% | ||
| Q1 25 | -3.8% | -2.1% | ||
| Q4 24 | 0.2% | -2.2% | ||
| Q3 24 | 13.2% | -27.8% | ||
| Q2 24 | 7.2% | -43.5% | ||
| Q1 24 | -3.8% | -52.8% |
| Q4 25 | -9.2% | 6.3% | ||
| Q3 25 | 9.6% | 11.5% | ||
| Q2 25 | 6.8% | 2.2% | ||
| Q1 25 | -2.8% | -1.1% | ||
| Q4 24 | 0.2% | -1.3% | ||
| Q3 24 | 7.3% | -4.2% | ||
| Q2 24 | 4.8% | -42.7% | ||
| Q1 24 | -14.9% | -50.5% |
| Q4 25 | $-0.32 | $0.20 | ||
| Q3 25 | $0.43 | $0.23 | ||
| Q2 25 | $0.28 | $0.05 | ||
| Q1 25 | $-0.08 | $-0.03 | ||
| Q4 24 | $0.03 | $-0.01 | ||
| Q3 24 | $0.27 | $-0.07 | ||
| Q2 24 | $0.17 | $-0.62 | ||
| Q1 24 | $-0.43 | $-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 | $1.0B | $652.4M |
| Total DebtLower is stronger | $819.0M | — |
| Stockholders' EquityBook value | $645.0M | $798.8M |
| Total Assets | $2.6B | $3.0B |
| Debt / EquityLower = less leverage | 1.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $652.4M | ||
| Q3 25 | $1.2B | $489.8M | ||
| Q2 25 | $1.2B | $395.9M | ||
| Q1 25 | $1.2B | $599.8M | ||
| Q4 24 | $1.1B | $788.4M | ||
| Q3 24 | $1.1B | — | ||
| Q2 24 | $1.2B | — | ||
| Q1 24 | $1.2B | — |
| Q4 25 | $819.0M | — | ||
| Q3 25 | $821.0M | — | ||
| Q2 25 | $822.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $831.0M | — | ||
| Q3 24 | $832.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $645.0M | $798.8M | ||
| Q3 25 | $707.0M | $743.7M | ||
| Q2 25 | $627.0M | $722.0M | ||
| Q1 25 | $643.0M | $676.6M | ||
| Q4 24 | $943.0M | $633.2M | ||
| Q3 24 | $944.0M | $595.5M | ||
| Q2 24 | $857.0M | $594.7M | ||
| Q1 24 | $825.0M | $612.8M |
| Q4 25 | $2.6B | $3.0B | ||
| Q3 25 | $2.8B | $2.9B | ||
| Q2 25 | $2.9B | $2.5B | ||
| Q1 25 | $2.8B | $2.3B | ||
| Q4 24 | $2.6B | $2.4B | ||
| Q3 24 | $2.7B | $1.8B | ||
| Q2 24 | $2.8B | $1.8B | ||
| Q1 24 | $2.7B | $1.9B |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 1.16× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.88× | — | ||
| 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 | $-103.0M | $108.6M |
| Free Cash FlowOCF − Capex | $-122.0M | $108.4M |
| FCF MarginFCF / Revenue | -29.7% | 36.6% |
| Capex IntensityCapex / Revenue | 4.6% | 0.1% |
| Cash ConversionOCF / Net Profit | — | 5.82× |
| TTM Free Cash FlowTrailing 4 quarters | $163.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-103.0M | $108.6M | ||
| Q3 25 | $44.0M | $-122.6M | ||
| Q2 25 | $202.0M | $-120.2M | ||
| Q1 25 | $102.0M | $-13.5M | ||
| Q4 24 | $-3.0M | $-110.9M | ||
| Q3 24 | $-43.0M | $179.3M | ||
| Q2 24 | $51.0M | $65.3M | ||
| Q1 24 | $139.0M | $52.6M |
| Q4 25 | $-122.0M | $108.4M | ||
| Q3 25 | $25.0M | $-122.7M | ||
| Q2 25 | $177.0M | $-120.3M | ||
| Q1 25 | $83.0M | — | ||
| Q4 24 | $-26.0M | — | ||
| Q3 24 | $-63.0M | $179.2M | ||
| Q2 24 | $36.0M | $65.3M | ||
| Q1 24 | $123.0M | $51.9M |
| Q4 25 | -29.7% | 36.6% | ||
| Q3 25 | 4.5% | -44.3% | ||
| Q2 25 | 33.5% | -46.7% | ||
| Q1 25 | 20.9% | — | ||
| Q4 24 | -6.3% | — | ||
| Q3 24 | -11.8% | 110.5% | ||
| Q2 24 | 7.2% | 51.1% | ||
| Q1 24 | 31.1% | 40.6% |
| Q4 25 | 4.6% | 0.1% | ||
| Q3 25 | 3.4% | 0.0% | ||
| Q2 25 | 4.7% | 0.0% | ||
| Q1 25 | 4.8% | 0.0% | ||
| Q4 24 | 5.6% | 0.0% | ||
| Q3 24 | 3.8% | 0.1% | ||
| Q2 24 | 3.0% | 0.0% | ||
| Q1 24 | 4.1% | 0.5% |
| Q4 25 | — | 5.82× | ||
| Q3 25 | 0.83× | -3.86× | ||
| Q2 25 | 5.61× | -21.43× | ||
| Q1 25 | — | — | ||
| Q4 24 | -3.00× | — | ||
| Q3 24 | -1.10× | — | ||
| Q2 24 | 2.13× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
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% |
