COMP <GO>
UPST vs CLSK // EV/EBITDA & P/E VALUATION
Upstart Holdings Inc. (NASDAQ) VS. CleanSpark Inc. (NASDAQ) • 15-METRIC TALLY: UPST 3
— CLSK 8
▲ EV/EBITDA & P/E VALUATION LEADER: CLSK
LAST: $23.02 (-7.33%) • MKT CAP: $2.42B
valuation
62.4x
LAST: $7.67 (-6.46%) • MKT CAP: $2.11B
valuation
7.1x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (UPST VS. CLSK)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | UPST | CLSK | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 3.20% | 14.50% | -11.30 | CLSK | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | 62.4x | 7.1x | +55.30 | CLSK | /valuation <GO> |
| Free Cash Flow Yield | -6.13% | -18.00% | +11.87 | UPST | /fcf-yield <GO> |
| Operating Margin | 4.10% | 41.60% | -37.50 | CLSK | /operating-margins <GO> |
| Net Profit Margin | 5.10% | 47.60% | -42.50 | CLSK | /net-margins <GO> |
| Revenue Growth (YoY) | 64.00% | 102.20% | -38.20 | CLSK | /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 | 6/9 | -1.00 | CLSK | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 53.3 | 35.7 | +17.60 | UPST | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | 0.93 | -0.01 | CLSK | /macro-sensitivity <GO> |
| Forward P/E Multiple | 37.9x | 4.9x | +33.00 | CLSK | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $2.42B | $2.11B | $311.4M | UPST | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | UPST REV | CLSK REV | UPST GROSS % | CLSK GROSS % | UPST FCF | CLSK FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.04B | $766.3M | — | 55.2% | -$148.1M | -$495.5M |
| FY 2024 | $636.5M | $379.0M | — | 56.3% | $185.5M | -$250.7M |
| FY 2023 | $513.6M | $168.4M | — | — | -$134.8M | -$24.8M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
UPST // BETA 0.92
CLSK // BETA 0.93