• Upstart Holdings average ebitda margin for 2023 was -45.6%, a 1245.73% decline from 2022.
• Upstart Holdings average ebitda margin for 2022 was 3.98%, a 73.2% decline from 2021.
• Upstart Holdings average ebitda margin for 2021 was 14.85%, a 147.09% decline from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.