---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-22-000047"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2022-08-08T23:59:59+00:00"
generated_at: "2026-06-24T02:50:55.134718+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Upstart Q2 revenue $228M (+18% YoY); net loss $29.9M; Q3 guidance $170M; shifts to committed capital

## Summary
- GAAP net loss $29.9M vs profit $37.3M a year ago; adjusted net income $1.0M down from $58.5M.
- Q3 revenue guidance ~$170M, implying ~25% sequential decline; adjusted EBITDA ~$0.
- Conversion on rate requests fell to 13% from 24% on funding constraints; loan volume $3.3B (+12%).
- Repurchased 3.5M shares for ~$125M in Q2; unrestricted cash ~$800M as of June 30.
- CEO cites investor loss aversion; moving toward long-term committed capital and using balance sheet to bridge.

## SEC filing metadata
- accession: 0001647639-22-000047
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2022-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000047/0001647639-22-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763922000047/upst-20220808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-22-000047
- JSON: https://secwatch.observer/filing/0001647639-22-000047.json
- Plain text: https://secwatch.observer/filing/0001647639-22-000047.txt

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