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Side-by-side financial comparison of Upstart Holdings, Inc. (UPST) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
EXPRO GROUP HOLDINGS N.V. is the larger business by last-quarter revenue ($382.1M vs $296.1M, roughly 1.3× Upstart Holdings, Inc.). Upstart Holdings, Inc. runs the higher net margin — 6.3% vs 1.5%, a 4.8% gap on every dollar of revenue. On growth, Upstart Holdings, Inc. posted the faster year-over-year revenue change (35.2% vs -12.5%). Upstart Holdings, Inc. produced more free cash flow last quarter ($108.4M vs $23.2M). Over the past eight quarters, Upstart Holdings, Inc.'s revenue compounded faster (52.2% CAGR vs -0.2%).
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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
UPST vs XPRO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $296.1M | $382.1M |
| Net Profit | $18.6M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | 6.4% | 3.1% |
| Net Margin | 6.3% | 1.5% |
| Revenue YoY | 35.2% | -12.5% |
| Net Profit YoY | 776.4% | -74.9% |
| EPS (diluted) | $0.20 | $0.05 |
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 | $382.1M | ||
| Q3 25 | $277.1M | $411.4M | ||
| Q2 25 | $257.3M | $422.7M | ||
| Q1 25 | $213.4M | $390.9M | ||
| Q4 24 | $219.0M | $436.8M | ||
| Q3 24 | $162.1M | $422.8M | ||
| Q2 24 | $127.6M | $469.6M | ||
| Q1 24 | $127.8M | $383.5M |
| Q4 25 | $18.6M | $5.8M | ||
| Q3 25 | $31.8M | $14.0M | ||
| Q2 25 | $5.6M | $18.0M | ||
| Q1 25 | $-2.4M | $13.9M | ||
| Q4 24 | $-2.8M | $23.0M | ||
| Q3 24 | $-6.8M | $16.3M | ||
| Q2 24 | $-54.5M | $15.3M | ||
| Q1 24 | $-64.6M | $-2.7M |
| Q4 25 | 6.4% | 3.1% | ||
| Q3 25 | 8.5% | 6.4% | ||
| Q2 25 | 1.8% | 7.7% | ||
| Q1 25 | -2.1% | 2.6% | ||
| Q4 24 | -2.2% | 7.3% | ||
| Q3 24 | -27.8% | 6.2% | ||
| Q2 24 | -43.5% | 5.9% | ||
| Q1 24 | -52.8% | 2.2% |
| Q4 25 | 6.3% | 1.5% | ||
| Q3 25 | 11.5% | 3.4% | ||
| Q2 25 | 2.2% | 4.3% | ||
| Q1 25 | -1.1% | 3.6% | ||
| Q4 24 | -1.3% | 5.3% | ||
| Q3 24 | -4.2% | 3.8% | ||
| Q2 24 | -42.7% | 3.3% | ||
| Q1 24 | -50.5% | -0.7% |
| Q4 25 | $0.20 | $0.05 | ||
| Q3 25 | $0.23 | $0.12 | ||
| Q2 25 | $0.05 | $0.16 | ||
| Q1 25 | $-0.03 | $0.12 | ||
| Q4 24 | $-0.01 | $0.20 | ||
| Q3 24 | $-0.07 | $0.14 | ||
| Q2 24 | $-0.62 | $0.13 | ||
| Q1 24 | $-0.74 | $-0.02 |
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 | $196.1M |
| Total DebtLower is stronger | — | $79.1M |
| Stockholders' EquityBook value | $798.8M | $1.5B |
| Total Assets | $3.0B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $652.4M | $196.1M | ||
| Q3 25 | $489.8M | $197.9M | ||
| Q2 25 | $395.9M | $206.8M | ||
| Q1 25 | $599.8M | $179.3M | ||
| Q4 24 | $788.4M | $183.0M | ||
| Q3 24 | — | $165.7M | ||
| Q2 24 | — | $133.5M | ||
| Q1 24 | — | $163.2M |
| Q4 25 | — | $79.1M | ||
| Q3 25 | — | $99.1M | ||
| Q2 25 | — | $121.1M | ||
| Q1 25 | — | $121.1M | ||
| Q4 24 | — | $121.1M | ||
| Q3 24 | — | $121.1M | ||
| Q2 24 | — | $121.1M | ||
| Q1 24 | — | $40.0M |
| Q4 25 | $798.8M | $1.5B | ||
| Q3 25 | $743.7M | $1.5B | ||
| Q2 25 | $722.0M | $1.5B | ||
| Q1 25 | $676.6M | $1.5B | ||
| Q4 24 | $633.2M | $1.5B | ||
| Q3 24 | $595.5M | $1.5B | ||
| Q2 24 | $594.7M | $1.5B | ||
| Q1 24 | $612.8M | $1.3B |
| Q4 25 | $3.0B | $2.3B | ||
| Q3 25 | $2.9B | $2.3B | ||
| Q2 25 | $2.5B | $2.3B | ||
| Q1 25 | $2.3B | $2.3B | ||
| Q4 24 | $2.4B | $2.3B | ||
| Q3 24 | $1.8B | $2.3B | ||
| Q2 24 | $1.8B | $2.3B | ||
| Q1 24 | $1.9B | $2.0B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | — | 0.08× | ||
| Q1 25 | — | 0.08× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | — | 0.08× | ||
| Q2 24 | — | 0.08× | ||
| Q1 24 | — | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $108.4M | $23.2M |
| FCF MarginFCF / Revenue | 36.6% | 6.1% |
| Capex IntensityCapex / Revenue | 0.1% | 8.9% |
| Cash ConversionOCF / Net Profit | 5.82× | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | — | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $108.6M | $57.1M | ||
| Q3 25 | $-122.6M | $63.2M | ||
| Q2 25 | $-120.2M | $48.4M | ||
| Q1 25 | $-13.5M | $41.5M | ||
| Q4 24 | $-110.9M | $97.4M | ||
| Q3 24 | $179.3M | $55.3M | ||
| Q2 24 | $65.3M | $-13.2M | ||
| Q1 24 | $52.6M | $29.9M |
| Q4 25 | $108.4M | $23.2M | ||
| Q3 25 | $-122.7M | $39.0M | ||
| Q2 25 | $-120.3M | $27.2M | ||
| Q1 25 | — | $8.4M | ||
| Q4 24 | — | $53.0M | ||
| Q3 24 | $179.2M | $23.3M | ||
| Q2 24 | $65.3M | $-49.5M | ||
| Q1 24 | $51.9M | $-801.0K |
| Q4 25 | 36.6% | 6.1% | ||
| Q3 25 | -44.3% | 9.5% | ||
| Q2 25 | -46.7% | 6.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | — | 12.1% | ||
| Q3 24 | 110.5% | 5.5% | ||
| Q2 24 | 51.1% | -10.5% | ||
| Q1 24 | 40.6% | -0.2% |
| Q4 25 | 0.1% | 8.9% | ||
| Q3 25 | 0.0% | 5.9% | ||
| Q2 25 | 0.0% | 5.0% | ||
| Q1 25 | 0.0% | 8.5% | ||
| Q4 24 | 0.0% | 10.2% | ||
| Q3 24 | 0.1% | 7.6% | ||
| Q2 24 | 0.0% | 7.7% | ||
| Q1 24 | 0.5% | 8.0% |
| Q4 25 | 5.82× | 9.89× | ||
| Q3 25 | -3.86× | 4.52× | ||
| Q2 25 | -21.43× | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | — | 3.40× | ||
| Q2 24 | — | -0.86× | ||
| 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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
