• Upstart Holdings average return on tangible equity for 2023 was -43.91, a 950.97% decline from 2022.
• Upstart Holdings average return on tangible equity for 2022 was 5.16, a 66.38% decline from 2021.
• Upstart Holdings average return on tangible equity for 2021 was 15.35, a 1254.14% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.