---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-22-000041"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2022-07-08T23:59:59+00:00"
generated_at: "2026-06-24T18:29:41.750655+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Upstart preliminary Q2 revenue ~$228M vs guidance $295-305M; net loss $(27-31)M

## Summary
- Revenue ~$228M, well below prior guidance of $295-305M; net loss $(27-31)M vs guidance loss $(4-0)M.
- Contribution margin ~47% vs guidance ~45%, indicating improved unit economics despite lower volumes.
- CEO Girouard: Inflation/recession fears drove funding constraints and balance sheet loan sales, cutting revenue.
- Final Q2 results to be reported August 8, 2022; company continues share repurchases.

## SEC filing metadata
- accession: 0001647639-22-000041
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2022-07-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000041/0001647639-22-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000041/upst-20220707.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-22-000041
- JSON: https://secwatch.observer/filing/0001647639-22-000041.json
- Plain text: https://secwatch.observer/filing/0001647639-22-000041.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.