---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-24-000006"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:27:21.528245+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upstart Q4 2023 revenue $140M, net loss $42.4M; Q1 2024 guidance revenue ~$125M

## Summary
- Q4 revenue $140M (-4% YoY, +4% seq); GAAP net loss $42.4M vs $55.3M loss YoY.
- Adjusted net loss $9.7M; GAAP diluted EPS -$0.50, adjusted EPS -$0.11.
- Loan volume $1.3B (-19% YoY); conversion rate 11.6% (up from 10.5% YoY).
- FY2023 revenue $514M (-39% YoY); GAAP net loss $240M vs $109M loss prior year.
- Q1 2024 outlook: revenue ~$125M, net loss ~$75M, adjusted EBITDA ~$(25)M.

## SEC filing metadata
- accession: 0001647639-24-000006
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000006/0001647639-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000006/upst-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-24-000006
- JSON: https://secwatch.observer/filing/0001647639-24-000006.json
- Plain text: https://secwatch.observer/filing/0001647639-24-000006.txt

## Key facts
- Earnings Releases
  Upstart Holdings, Inc. reported financial results for the fiscal quarter and full fiscal year ended December 31, 2023.
  - Period: the fiscal quarter and full fiscal year ended December 31, 2023
  - Result: reported results
  source text: a more resilient and diversified company that can thrive through a wide range of economic conditions.” Fourth Quarter 2023 Financial Highlights • Revenue. Total revenue was $140 million, a decrease of 4% from the fourth quarter of 2022, but up 4% sequentially. Total fee revenue was $153 million, a decrease of 2% year-over-year. • Transaction Volume and
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000006/0001647639-24-000006-index.htm
- Earnings Releases
  Upstart Holdings, Inc. reported financial results for the fiscal quarter and full fiscal year ended December 31, 2023.
  - Period: the fiscal quarter and full fiscal year ended December 31, 2023
  - Result: reported results
  source text: Upstart Announces Fourth Quarter and Full Year 2023 Results
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000006/0001647639-24-000006-index.htm

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