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Upstart Holdings vs loanDepot: UPST and LDI compared
Upstart Holdings is the larger company: $371M of revenue in its latest quarter (Q3 2026) against $337M for loanDepot (Q2 2026). Upstart Holdings is growing faster (+34% against +19% a year earlier). Upstart Holdings is more profitable, with an operating margin of 9.7% against -2.0%.
Where the money goes: UPST and LDI
Upstart Holdings (UPST) · Q3 2026
Upstart Holdings, Q3 2026: revenue $371M (+34% year over year), operating margin 9.7%, net earnings $36.6M, operating cash flow −$19.8M. The chart follows the revenue to costs, profit and cash.
loanDepot (LDI) · Q2 2026
loanDepot, Q2 2026: revenue $337M (+19% year over year), operating margin -2.0%, net loss $6.6M, operating cash flow $520M. The chart follows the revenue to costs, profit and cash.
| Upstart Holdings (UPST) | loanDepot (LDI) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $371M | $337M |
| Revenue growth, Y/Y | +34% | +19% |
| Operating margin | 9.7% | -2.0% |
| Net earnings | $36.6M | −$6.6M |
| Net margin | 9.9% | -2.0% |
| Operating cash flow | −$19.8M | $520M |
| Free cash flow | — | $510M |
| Market value | $2.7B | $134M |
| P/E | 35.3× | — |
| Analysts’ mean target | $35.94 | $1.12 |
Questions
Which is bigger, Upstart Holdings or loanDepot?
Upstart Holdings is the larger company: $371M of revenue in its latest quarter (Q3 2026) against $337M for loanDepot (Q2 2026).
Is Upstart Holdings or loanDepot growing faster?
Upstart Holdings is growing faster (+34% against +19% a year earlier).
Which is more profitable, Upstart Holdings or loanDepot?
Upstart Holdings is more profitable, with an operating margin of 9.7% against -2.0%.
More: Upstart Holdings earnings · how Upstart Holdings makes money · loanDepot earnings · how loanDepot makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Aug 6, 2026). Fiscal quarters can end on different dates. Not investment advice.