{"schema_version":"secwatch.filing_event.v1","accession":"0001647639-23-000033","form_type":"8-K","ticker":"UPST","cik":"0001647639","company_name":"Upstart Holdings, Inc.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.827888+00:00","generated_at":"2026-06-15T09:18:56.525860+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 Q1 revenue $103M (-67% YoY); GAAP net loss $129M vs prior year profit","bullets":["Revenue fell 67% to $103M; fee revenue $117M (down 63% YoY).","GAAP net loss $129M ($1.58 diluted loss per share) vs $32.7M income a year ago.","Adjusted net loss $38.7M; adjusted EBITDA -$31.1M vs +$62.6M in Q1 2022.","Loan volume $997M (-78% YoY); conversion rate 8% (down from 21%).","Q2 guidance: revenue ~$135M, adjusted EBITDA ~$0M; CEO cites $2B+ funding agreements."],"urls":{"canonical":"https://secwatch.observer/filing/0001647639-23-000033","json":"https://secwatch.observer/filing/0001647639-23-000033.json","markdown":"https://secwatch.observer/filing/0001647639-23-000033.md","text":"https://secwatch.observer/filing/0001647639-23-000033.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000033/0001647639-23-000033-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000033/upst-20230509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T09:18:56.525860+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":"ce44c17c70f2a589934a4cc2392dddfce42c5d5f","claim":"Upstart Holdings, Inc. reported first quarter of fiscal year 2023 ended March 31, 2023 results: revenue $103 million, net income $(129) million, EPS $(1.58). Guidance initiated.","evidence_excerpt":"Total revenue was $103 million, a decrease of 67% from the first quarter of 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000033/0001647639-23-000033-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal year 2023 ended March 31, 2023"},{"label":"Revenue","value":"$103 million"},{"label":"Net income","value":"$(129) million"},{"label":"EPS","value":"$(1.58)"},{"label":"Guidance","value":"initiated"},{"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"}