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Side-by-side financial comparison of Upstart Holdings, Inc. (UPST) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
Westrock Coffee Co is the larger business by last-quarter revenue ($339.5M vs $296.1M, roughly 1.1× Upstart Holdings, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs -6.6%, a 12.9% gap on every dollar of revenue. On growth, Westrock Coffee Co posted the faster year-over-year revenue change (48.3% vs 35.2%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $27.8M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs 32.8%).
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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
UPST vs WEST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $296.1M | $339.5M |
| Net Profit | $18.6M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | 6.4% | -2.6% |
| Net Margin | 6.3% | -6.6% |
| Revenue YoY | 35.2% | 48.3% |
| Net Profit YoY | 776.4% | 8.3% |
| EPS (diluted) | $0.20 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $277.1M | $354.8M | ||
| Q2 25 | $257.3M | $280.9M | ||
| Q1 25 | $213.4M | $213.8M | ||
| Q4 24 | $219.0M | $229.0M | ||
| Q3 24 | $162.1M | $220.9M | ||
| Q2 24 | $127.6M | $208.4M | ||
| Q1 24 | $127.8M | $192.5M |
| Q4 25 | $18.6M | $-22.6M | ||
| Q3 25 | $31.8M | $-19.1M | ||
| Q2 25 | $5.6M | $-21.6M | ||
| Q1 25 | $-2.4M | $-27.2M | ||
| Q4 24 | $-2.8M | $-24.6M | ||
| Q3 24 | $-6.8M | $-14.3M | ||
| Q2 24 | $-54.5M | $-17.8M | ||
| Q1 24 | $-64.6M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | 6.4% | -2.6% | ||
| Q3 25 | 8.5% | -2.4% | ||
| Q2 25 | 1.8% | -5.3% | ||
| Q1 25 | -2.1% | -6.1% | ||
| Q4 24 | -2.2% | -4.3% | ||
| Q3 24 | -27.8% | -5.8% | ||
| Q2 24 | -43.5% | -7.9% | ||
| Q1 24 | -52.8% | -5.3% |
| Q4 25 | 6.3% | -6.6% | ||
| Q3 25 | 11.5% | -5.4% | ||
| Q2 25 | 2.2% | -7.7% | ||
| Q1 25 | -1.1% | -12.7% | ||
| Q4 24 | -1.3% | -10.7% | ||
| Q3 24 | -4.2% | -6.5% | ||
| Q2 24 | -42.7% | -8.5% | ||
| Q1 24 | -50.5% | -12.3% |
| Q4 25 | $0.20 | $-0.22 | ||
| Q3 25 | $0.23 | $-0.20 | ||
| Q2 25 | $0.05 | $-0.23 | ||
| Q1 25 | $-0.03 | $-0.29 | ||
| Q4 24 | $-0.01 | $-0.26 | ||
| Q3 24 | $-0.07 | $-0.16 | ||
| Q2 24 | $-0.62 | $-0.20 | ||
| Q1 24 | $-0.74 | $-0.27 |
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 | $49.9M |
| Total DebtLower is stronger | — | $444.1M |
| Stockholders' EquityBook value | $798.8M | $-1.9M |
| Total Assets | $3.0B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $652.4M | $49.9M | ||
| Q3 25 | $489.8M | $34.0M | ||
| Q2 25 | $395.9M | $44.0M | ||
| Q1 25 | $599.8M | $33.1M | ||
| Q4 24 | $788.4M | $26.2M | ||
| Q3 24 | — | $22.4M | ||
| Q2 24 | — | $24.3M | ||
| Q1 24 | — | $12.6M |
| Q4 25 | — | $444.1M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $393.1M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $798.8M | $-1.9M | ||
| Q3 25 | $743.7M | $11.4M | ||
| Q2 25 | $722.0M | $18.2M | ||
| Q1 25 | $676.6M | $71.4M | ||
| Q4 24 | $633.2M | $97.5M | ||
| Q3 24 | $595.5M | $110.3M | ||
| Q2 24 | $594.7M | $81.5M | ||
| Q1 24 | $612.8M | $91.7M |
| Q4 25 | $3.0B | $1.2B | ||
| Q3 25 | $2.9B | $1.2B | ||
| Q2 25 | $2.5B | $1.2B | ||
| Q1 25 | $2.3B | $1.1B | ||
| Q4 24 | $2.4B | $1.1B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.8B | $1.1B | ||
| Q1 24 | $1.9B | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 4.03× | ||
| 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 | $108.6M | $36.7M |
| Free Cash FlowOCF − Capex | $108.4M | $27.8M |
| FCF MarginFCF / Revenue | 36.6% | 8.2% |
| Capex IntensityCapex / Revenue | 0.1% | 2.6% |
| Cash ConversionOCF / Net Profit | 5.82× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.6M | $36.7M | ||
| Q3 25 | $-122.6M | $-26.6M | ||
| Q2 25 | $-120.2M | $-7.0M | ||
| Q1 25 | $-13.5M | $-22.1M | ||
| Q4 24 | $-110.9M | $2.8M | ||
| Q3 24 | $179.3M | $-332.0K | ||
| Q2 24 | $65.3M | $-23.7M | ||
| Q1 24 | $52.6M | $8.0M |
| Q4 25 | $108.4M | $27.8M | ||
| Q3 25 | $-122.7M | $-44.7M | ||
| Q2 25 | $-120.3M | $-27.5M | ||
| Q1 25 | — | $-63.4M | ||
| Q4 24 | — | $-15.4M | ||
| Q3 24 | $179.2M | $-36.7M | ||
| Q2 24 | $65.3M | $-59.9M | ||
| Q1 24 | $51.9M | $-60.9M |
| Q4 25 | 36.6% | 8.2% | ||
| Q3 25 | -44.3% | -12.6% | ||
| Q2 25 | -46.7% | -9.8% | ||
| Q1 25 | — | -29.7% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 110.5% | -16.6% | ||
| Q2 24 | 51.1% | -28.7% | ||
| Q1 24 | 40.6% | -31.7% |
| Q4 25 | 0.1% | 2.6% | ||
| Q3 25 | 0.0% | 5.1% | ||
| Q2 25 | 0.0% | 7.3% | ||
| Q1 25 | 0.0% | 19.3% | ||
| Q4 24 | 0.0% | 7.9% | ||
| Q3 24 | 0.1% | 16.5% | ||
| Q2 24 | 0.0% | 17.4% | ||
| Q1 24 | 0.5% | 35.8% |
| Q4 25 | 5.82× | — | ||
| Q3 25 | -3.86× | — | ||
| Q2 25 | -21.43× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
