UPST Upstart
Depreciation Integrity 55
Capex-vs-Demand Gap 31
Insider-Selling Intensity 17
Financing Opacity / Circular Leverage 82
Energy & Diminishing Returns 43
Organic End-User Demand 65
Convergence: Moderate
Red: 4 (financing/concentration, ~82) Coral: 1 (fair-value accounting, ~55), 6 (demand/rate-cycle, ~65) Amber: 2 (AI-monetization, ~32), 5 (energy/margins, ~43) Green: 3 (insider, ~20)
Last updated:
Deep Dossier in Progress

The scored backbone above is sourced from primary filings. The full investigative dossier — claim-by-claim audit, inversion analysis, primary paper trail — is being authored. This page updates as evidence lands. No claims are fabricated or inferred here; only data the engine already holds is shown.

Key Metrics (engine data)

FY2025 "Fair value and other adjustments, ne$78Verified sheet
FY2024 net income (loss): ($128.6M).2025Verified sheet
Loans held on balance sheet: 10% of originat2024Verified sheet
Loan conversion rate: 9.7% (FY2023) → 15.1% ~19%Verified sheet