Upstream Bio, Inc. UPB

Competitive advantage analysis · healthcare

Corporate Default
Overall moat score
41/100
Developing

About Upstream Bio, Inc.

Upstream Bio, Inc., a clinical-stage biotechnology company, develops treatments for inflammatory diseases focusing on severe respiratory disorders. It offers verekitug, which is in Phase 2 clinical development for the treatment of severe asthma and chronic rhinosinusitis with nasal polyps, and in Phase I clinical trial for treating chronic obstructive pulmonary disease. The company was incorporated in 2021 and is headquartered … Full UPB analysis →

Competitive advantage assessment

Key strengths

  • Revenue Growth Consistent Revenue growth volatility is low (stability score 0.77), suggesting sticky customer base.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.96), providing operational cushion.

Key risks

  • Below-Peer Operating Efficiency Operating margin at 20.5th percentile indicates below-peer efficiency.
  • Elevated Debt Risk Debt serviceability is weak (score 0.00), raising refinancing risk.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
34

Where UPB ranks in Biotechnology

Upstream Bio, Inc. ranks #363 of 713 scored companies in Biotechnology by moat score — the top 51%. The widest moat in the group is Royalty Pharma plc (RPRX) at 85/100.

Moat scores for companies ranked near UPB in Biotechnology
# Company Moat score Rating
359 ABVC Biopharma, Inc. ABVC 41/100 Developing
360 Caribou Biosciences, Inc. CRBU 41/100 Developing
361 Marker Therapeutics, Inc. MRKR 41/100 Developing
362 Rallybio Corporation RLYB 41/100 Developing
363 Upstream Bio, Inc. UPB 41/100 Developing
364 Coherus BioSciences, Inc. CHRS 41/100 Developing
365 ProMIS Neurosciences Inc. PMN 41/100 Developing
366 Shattuck Labs, Inc. STTK 40/100 Developing
367 BeyondSpring, Inc. BYSI 40/100 Developing

See every Biotech / Pre-Revenue company ranked by moat score →

How UPB scores on the Corporate Default defenses

Pricing Power

Score 34 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 24 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 43 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 42 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 66 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 42 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding UPB's moat

What is Upstream Bio, Inc.'s moat score?

Upstream Bio, Inc. (UPB) scores 41 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #363 of 713 scored companies in Biotechnology, the top 51%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 712 companies in Biotechnology. Its strongest defense is Resilience (66/100) and its weakest is Cost Advantage (24/100).

How does Upstream Bio, Inc. compare with other Biotechnology companies?

Upstream Bio, Inc. ranks #363 of 713 scored companies in Biotechnology by moat score. The widest moat in Biotechnology is Royalty Pharma plc (RPRX) at 85/100. The companies ranked closest are Rallybio Corporation (RLYB) at 41 just above it and Coherus BioSciences, Inc. (CHRS) at 40 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 712 companies in Biotechnology. The defenses are then weighted to produce the overall score out of 100.

Why is Upstream Bio, Inc. scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Upstream Bio, Inc.?

The Corporate Default template measures 6 defenses, and UPB scores: Pricing Power (34), Cost Advantage (24), Customer Stickiness (43), Capital Efficiency (42), Resilience (66), Scale & Market Position (42). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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