---
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"
generated_at: "2026-06-19T13:59:39.957168+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Upstart Q4 revenue down 52% YoY to $147M; net loss $55.3M; guides Q1 revenue ~$100M

## Summary
- 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).

## SEC filing metadata
- 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
- 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/1647639/000164763923000012/0001647639-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000012/upst-20230214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-23-000012
- JSON: https://secwatch.observer/filing/0001647639-23-000012.json
- Plain text: https://secwatch.observer/filing/0001647639-23-000012.txt

## Key facts
- Earnings Releases
  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).
  - Period: the fiscal quarter and full fiscal year 2022 ended December 31, 2022
  - Revenue: $147 million
  - Net income: $(55.3) million
  - EPS: $(0.67)
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1647639/000164763923000012/0001647639-23-000012-index.htm

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