COMP <GO>
UPST vs BTDR // EV/EBITDA & P/E VALUATION
Upstart Holdings Inc. (NASDAQ) VS. Bitdeer Technologies Group (Class A) (NASDAQ) • 15-METRIC TALLY: UPST 2
— BTDR 0
■ METRIC PARITY
LAST: $24.84 (+2.90%) • MKT CAP: $2.42B
valuation
62.4x
LAST: $7.58 (-4.29%) • MKT CAP: $2.06B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (UPST VS. BTDR)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | UPST | BTDR | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.20% | — | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 62.4x | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | -6.13% | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 4.10% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | 5.10% | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | 64.00% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 5/9 | — | — | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.3 | 30.8 | +22.46 | UPST | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | 37.9x | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.42B | $2.06B | $357.1M | UPST | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | UPST REV | BTDR REV | UPST GROSS % | BTDR GROSS % | UPST FCF | BTDR FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.04B | — | — | — | -$148.1M | — |
| FY 2024 | $636.5M | — | — | — | $185.5M | — |
| FY 2023 | $513.6M | — | — | — | -$134.8M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
UPST // BETA 0.92
BTDR // BETA —