{"schema_version":"secwatch.filing_event.v1","accession":"0001647639-23-000042","form_type":"8-K","ticker":"UPST","cik":"0001647639","company_name":"Upstart Holdings, Inc.","filed_at":"2023-08-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.675870+00:00","generated_at":"2026-06-12T02:11:42.286552+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Upstart Q2 revenue $136M (-40% YoY); record contribution margin 67%, positive adjusted net income","bullets":["Revenue $136M, down 40% YoY; loan volume $1.2B, down 64% YoY; conversion rate 9% vs 13%.","GAAP net loss $28.2M, improved from $29.9M; GAAP diluted EPS -$0.34; adjusted EPS $0.06.","Record contribution margin 67% (vs 47% YoY); adjusted EBITDA $11M, up from $5.5M; positive cash flow.","Q3 guidance: revenue ~$140M, contribution margin ~65%, adjusted EBITDA ~$5M, net loss ~$38M.","CEO cites improved efficiency and operating leverage; ready for growth when economy normalizes."],"urls":{"canonical":"https://secwatch.observer/filing/0001647639-23-000042","json":"https://secwatch.observer/filing/0001647639-23-000042.json","markdown":"https://secwatch.observer/filing/0001647639-23-000042.md","text":"https://secwatch.observer/filing/0001647639-23-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000042/0001647639-23-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1647639/000164763923000042/upst-20230808.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T02:11:42.286552+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":"883df71412b44fc061ab9225ce83046d5f8193c2","claim":"Upstart Holdings, Inc. reported second quarter of fiscal year 2023 ended June 30, 2023 results: revenue $136 million, net income $(28.2) million, EPS $(0.34).","evidence_excerpt":"to an AI-enabled future that dramatically improves access to credit for hundreds of millions of Americans.\" Second Quarter 2023 Financial Highlights • Revenue. Total revenue was $136 million, a decrease of 40% from the second quarter of 2022. Total fee revenue was $144 million, a decrease of 44% 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/1647639/000164763923000042/0001647639-23-000042-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter of fiscal year 2023 ended June 30, 2023"},{"label":"Revenue","value":"$136 million"},{"label":"Net income","value":"$(28.2) million"},{"label":"EPS","value":"$(0.34)"},{"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"}