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24 /100
LOW RISK
Score updated Oct 13, 2026

UPST — Upstart Holdings, Inc. Dilution Risk Tracker

Track UPST dilution risk with DilutionWatch's stock tracker. DilutionScore™ measures dilution risk across 5 factors — lower scores indicate higher risk of share dilution.

⚠️ Not financial advice. Do your own research before making any investment decisions.

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As of October 13, 2026, Upstart Holdings, Inc. (UPST) has a DilutionWatch DilutionScore of 24/100, rated LOW dilution risk. Upstart Holdings, Inc. has a market capitalization of $2.31B, 97.31M shares outstanding, 349 institutional holders tracked.

This page includes automatically generated factual summaries from DilutionWatch data. It is not financial advice, not investment research, and not a recommendation. Do your own research. Read the full disclaimer and terms of service.

Score Breakdown

📋 Offering Ability
20
💰 Cash Runway
10
📊 Float Risk
30
⚠️ Warrant Exposure
15
🔄 Convertible Debt
60

Dilution Forecast

🌥️
Advisory
Moderate dilution signals present
model est. 20%
🔁 Convertible Conversion model 40%
• Significant convertible debt: 29% potential dilution
• Elevated convertible risk (60/100)
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Market Data

Market Cap$2.31B
Shares Outstanding97.31M
Float82.20M
Cash$455.96M
Debt$1.98B
Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

FieldCurrent ValueBasis
DilutionScore24/100DilutionWatch score record
Shares Outstanding97.31MVerified float table or market cache
Public Float82.20MVerified float table or market cache
Market Cap$2.31BMarket data cache
Cash Runway32.2 monthsDilutionWatch score inputs
Shelf CapacityNone in current score inputsSEC-derived dilution fields
ATM CapacityNone in current score inputsSEC-derived dilution fields
Outstanding WarrantsNone in current score inputsSEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 6.

Recent SEC source mix: 4 5, XBRL 1.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

QoQ: ↑ 20.8% shares (2026Q1 vs prior)
349 institutional holders · 103.69M shares
#1 BARCLAYS PLC 15.57M shares
#2 MORGAN STANLEY 9.83M shares
#3 VANGUARD CAPITAL MANAGEMENT LLC 7.50M shares
+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest28.57M
Days to Cover6.2
% of Float34.8%
FINRA data as of Sep 30, 2026

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2026-02-10
4 INSIDER TRANSACTION 2026-09-10
4 INSIDER TRANSACTION 2026-09-10
4 INSIDER TRANSACTION 2026-08-27
4 INSIDER TRANSACTION 2026-08-21
Full SEC filing analysis available with free account →

Recent News

Factual UPST Dilution Snapshot

Upstart Holdings, Inc. (UPST) has a DilutionScore of 24/100, rated Low dilution risk. Score date: October 13, 2026.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.

DilutionScore History — Last 90 Days

UPST's DilutionScore is currently 24/100 (Low risk), with 3 score changes tracked over 89 days. The score improved from 23/100 (Low risk).

Period Score Risk Level Duration
Oct 09 – Oct 13, 202624/100LOW5 days
Aug 19 – Oct 08, 202623/100LOW51 days
Aug 14 – Aug 18, 202616/100LOW4 days
Jul 16 – Aug 13, 202623/100LOW29 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

UPST shares outstanding have increased 0.0% from 95.71M (Apr 2026) to 95.71M (May 2026). Each increase represents potential dilution to existing shareholders.

Date Shares Outstanding Public Float Change
May 27, 202695.71M82.20M▼ 1.14%
May 25, 202695.71M83.15M▲ 0.14%
May 24, 202695.71M83.04M▼ 0.27%
May 22, 202695.71M83.26M▼ 0.20%
May 19, 202695.71M83.42M▲ 6.39%
May 08, 202695.71M78.41M▼ 2.40%
Apr 26, 202695.71M80.33M▲ 0.19%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track UPST Dilution Risk in Real-Time
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