{"schema_version":"secwatch.filing_event.v1","accession":"0001647639-23-000012","form_type":"8-K","ticker":"UPST","cik":"0001647639","company_name":"Upstart Holdings, Inc.","filed_at":"2023-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.993634+00:00","generated_at":"2026-06-19T13:59:39.957168+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Upstart Q4 revenue down 52% YoY to $147M; net loss $55.3M; guides Q1 revenue ~$100M","bullets":["Q4 revenue $147M (-52% YoY); GAAP net loss $55.3M ($0.67 diluted loss per share); adjusted EPS loss $0.25.","Loans originated $1.5B (-62% YoY); conversion rate 11% vs 24% prior year; contribution margin 53%.","FY2022 revenue $842M (-1% YoY); GAAP net loss $108.7M vs $135.4M profit in 2021; adj. net income $19.4M.","Q1 2023 guidance: revenue ~$100M, contribution margin ~55%, adjusted EBITDA (~$45M) loss.","Repurchased 5.9M shares for ~$178M in FY2022 (1.4M shares for ~$28M in Q4)."],"urls":{"canonical":"https://secwatch.observer/filing/0001647639-23-000012","json":"https://secwatch.observer/filing/0001647639-23-000012.json","markdown":"https://secwatch.observer/filing/0001647639-23-000012.md","text":"https://secwatch.observer/filing/0001647639-23-000012.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000012/0001647639-23-000012-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000012/upst-20230214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T13:59:39.957168+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ce0cfaa662da708a7fefef6af09f0a8653b20fd1","claim":"Upstart Holdings, Inc. reported the fiscal quarter and full fiscal year 2022 ended December 31, 2022 results: revenue $147 million, net income $(55.3) million, EPS $(0.67).","evidence_excerpt":"reinvent credit so that it works for everyone and excited to remind the world what Upstart is capable of.” Fourth Quarter 2022 Financial Highlights • Revenue. Total revenue was $147 million, a decrease of 52% from the fourth quarter of 2021. Total fee revenue was $156 million, a decrease of 46% year-over-year. • Transaction Volume and Conversion Rate. Lending","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000012/0001647639-23-000012-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter and full fiscal year 2022 ended December 31, 2022"},{"label":"Revenue","value":"$147 million"},{"label":"Net income","value":"$(55.3) million"},{"label":"EPS","value":"$(0.67)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}