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Side-by-side financial comparison of Upstart Holdings, Inc. (UPST) and Verisign (VRSN). Click either name above to swap in a different company.
Verisign is the larger business by last-quarter revenue ($425.3M vs $296.1M, roughly 1.4× Upstart Holdings, Inc.). Verisign runs the higher net margin — 48.5% vs 6.3%, a 42.2% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs 7.6%). Verisign produced more free cash flow last quarter ($285.1M vs $108.4M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs 5.2%).
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.
Verisign, Inc. is an American company based in Reston, Virginia, that operates a diverse array of network infrastructure, including two of the Internet's thirteen root nameservers, the authoritative registry for the .com, .net, and .name generic top-level domains and the .cc country-code top-level domains, and the back-end systems for the .jobs and .edu sponsored top-level domains.
UPST vs VRSN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $296.1M | $425.3M |
| Net Profit | $18.6M | $206.2M |
| Gross Margin | — | 88.5% |
| Operating Margin | 6.4% | 67.0% |
| Net Margin | 6.3% | 48.5% |
| Revenue YoY | 35.2% | 7.6% |
| Net Profit YoY | 776.4% | 7.7% |
| EPS (diluted) | $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 | $296.1M | $425.3M | ||
| Q3 25 | $277.1M | $419.1M | ||
| Q2 25 | $257.3M | $409.9M | ||
| Q1 25 | $213.4M | $402.3M | ||
| Q4 24 | $219.0M | $395.4M | ||
| Q3 24 | $162.1M | $390.6M | ||
| Q2 24 | $127.6M | $387.1M | ||
| Q1 24 | $127.8M | $384.3M |
| Q4 25 | $18.6M | $206.2M | ||
| Q3 25 | $31.8M | $212.8M | ||
| Q2 25 | $5.6M | $207.4M | ||
| Q1 25 | $-2.4M | $199.3M | ||
| Q4 24 | $-2.8M | $191.5M | ||
| Q3 24 | $-6.8M | $201.3M | ||
| Q2 24 | $-54.5M | $198.8M | ||
| Q1 24 | $-64.6M | $194.1M |
| Q4 25 | — | 88.5% | ||
| Q3 25 | — | 88.4% | ||
| Q2 25 | — | 88.0% | ||
| Q1 25 | — | 87.7% | ||
| Q4 24 | — | 87.8% | ||
| Q3 24 | — | 88.0% | ||
| Q2 24 | — | 87.8% | ||
| Q1 24 | — | 87.2% |
| Q4 25 | 6.4% | 67.0% | ||
| Q3 25 | 8.5% | 67.8% | ||
| Q2 25 | 1.8% | 68.5% | ||
| Q1 25 | -2.1% | 67.4% | ||
| Q4 24 | -2.2% | 66.7% | ||
| Q3 24 | -27.8% | 68.9% | ||
| Q2 24 | -43.5% | 68.8% | ||
| Q1 24 | -52.8% | 67.4% |
| Q4 25 | 6.3% | 48.5% | ||
| Q3 25 | 11.5% | 50.8% | ||
| Q2 25 | 2.2% | 50.6% | ||
| Q1 25 | -1.1% | 49.5% | ||
| Q4 24 | -1.3% | 48.4% | ||
| Q3 24 | -4.2% | 51.5% | ||
| Q2 24 | -42.7% | 51.4% | ||
| Q1 24 | -50.5% | 50.5% |
| Q4 25 | $0.20 | — | ||
| Q3 25 | $0.23 | — | ||
| Q2 25 | $0.05 | — | ||
| Q1 25 | $-0.03 | — | ||
| Q4 24 | $-0.01 | — | ||
| Q3 24 | $-0.07 | — | ||
| Q2 24 | $-0.62 | — | ||
| Q1 24 | $-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 | $652.4M | $580.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $798.8M | $-2.2B |
| Total Assets | $3.0B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $652.4M | $580.5M | ||
| Q3 25 | $489.8M | $617.7M | ||
| Q2 25 | $395.9M | $593.8M | ||
| Q1 25 | $599.8M | $648.5M | ||
| Q4 24 | $788.4M | $599.9M | ||
| Q3 24 | — | $644.9M | ||
| Q2 24 | — | $689.9M | ||
| Q1 24 | — | $924.7M |
| Q4 25 | $798.8M | $-2.2B | ||
| Q3 25 | $743.7M | $-2.1B | ||
| Q2 25 | $722.0M | $-2.0B | ||
| Q1 25 | $676.6M | $-2.0B | ||
| Q4 24 | $633.2M | $-2.0B | ||
| Q3 24 | $595.5M | $-1.9B | ||
| Q2 24 | $594.7M | $-1.8B | ||
| Q1 24 | $612.8M | $-1.6B |
| Q4 25 | $3.0B | $1.3B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.5B | $1.4B | ||
| Q1 25 | $2.3B | $1.4B | ||
| Q4 24 | $2.4B | $1.4B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.5B | ||
| Q1 24 | $1.9B | $1.7B |
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 | $289.6M |
| Free Cash FlowOCF − Capex | $108.4M | $285.1M |
| FCF MarginFCF / Revenue | 36.6% | 67.0% |
| Capex IntensityCapex / Revenue | 0.1% | 1.1% |
| Cash ConversionOCF / Net Profit | 5.82× | 1.40× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.6M | $289.6M | ||
| Q3 25 | $-122.6M | $307.7M | ||
| Q2 25 | $-120.2M | $202.5M | ||
| Q1 25 | $-13.5M | $291.3M | ||
| Q4 24 | $-110.9M | $231.5M | ||
| Q3 24 | $179.3M | $253.4M | ||
| Q2 24 | $65.3M | $160.4M | ||
| Q1 24 | $52.6M | $257.3M |
| Q4 25 | $108.4M | $285.1M | ||
| Q3 25 | $-122.7M | $303.0M | ||
| Q2 25 | $-120.3M | $194.7M | ||
| Q1 25 | — | $285.5M | ||
| Q4 24 | — | $222.0M | ||
| Q3 24 | $179.2M | $247.8M | ||
| Q2 24 | $65.3M | $151.2M | ||
| Q1 24 | $51.9M | $253.5M |
| Q4 25 | 36.6% | 67.0% | ||
| Q3 25 | -44.3% | 72.3% | ||
| Q2 25 | -46.7% | 47.5% | ||
| Q1 25 | — | 71.0% | ||
| Q4 24 | — | 56.1% | ||
| Q3 24 | 110.5% | 63.4% | ||
| Q2 24 | 51.1% | 39.1% | ||
| Q1 24 | 40.6% | 66.0% |
| Q4 25 | 0.1% | 1.1% | ||
| Q3 25 | 0.0% | 1.1% | ||
| Q2 25 | 0.0% | 1.9% | ||
| Q1 25 | 0.0% | 1.4% | ||
| Q4 24 | 0.0% | 2.4% | ||
| Q3 24 | 0.1% | 1.4% | ||
| Q2 24 | 0.0% | 2.4% | ||
| Q1 24 | 0.5% | 1.0% |
| Q4 25 | 5.82× | 1.40× | ||
| Q3 25 | -3.86× | 1.45× | ||
| Q2 25 | -21.43× | 0.98× | ||
| Q1 25 | — | 1.46× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | 1.26× | ||
| Q2 24 | — | 0.81× | ||
| Q1 24 | — | 1.33× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
VRSN
Segment breakdown not available.
