Startup Atlas · Fintech
Upstox Unicorn
Ravi Kumar · Co-founder & CEO
Raghu Kumar · Co-founder
Shrinivas Viswanath · Co-founder & CTO
Kavitha Subramanian · Co-founder
$54 MnTotal funding (tracked)
3Funding rounds
25 Nov 2021Last round
Upstox: Financial Breakdown
Figures below are FY2025, consolidated basis, compiled from filings and disclosures — every year cited to its source.
Rs 1,208 crore total income (revenue from operations Rs 945 crore)Total revenue · +31.2% YoY
Rs 991 croreTotal expenses
Rs 9 crore (EBITDA margin 0.98%)EBITDA
Net profit of Rs 215 croreNet profit · +25.4% YoY
Revenue by fiscal year
Net profit / loss by fiscal year
Bars below the line are a net loss for that year.
| Fiscal year | Revenue | Total expenses | EBITDA | Net profit / loss | Source |
|---|---|---|---|---|---|
| FY2025 | Rs 1,208 crore total income (revenue from operations Rs 945 crore) | Rs 991 crore | Rs 9 crore (EBITDA margin 0.98%) | Net profit of Rs 215 crore | source |
| FY2024 | Rs 951 crore (revenue from operations) | Rs 935 crore | — | Net profit of Rs 177 crore | source |
| FY2023 | Rs 1,050 crore (broking revenue crossed Rs 1,000 crore mark) | — | EBITDA surpassed Rs 200 crore | Consolidated net profit of Rs 25 crore | source |
| FY2022 | Rs 765.6 crore (revenue from operations) | Rs 1,221.03 crore | — | Net loss of Rs 444.57 crore | source |
| FY2021 | Rs 431.46 crore (revenue from operations) | — | — | Net loss of Rs 71.67 crore | source |
Nothing here is blurred or gated — every figure Atlas has is shown in full, free.
Sources & corrections.
Every fact on this page is compiled from cited public sources — follow the "source" links beside each entry. Profile sources: www.prnewswire.com · Last verified 23 Oct 2026. · Report a correction