{"schema_version":"secwatch.filing_event.v1","accession":"0001647639-24-000019","form_type":"8-K","ticker":"UPST","cik":"0001647639","company_name":"Upstart Holdings, Inc.","filed_at":"2024-05-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.414811+00:00","generated_at":"2026-06-02T18:49:32.872905+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 Q1 revenue $128M (+24% YoY); guides Q2 rev ~$125M, expects positive EBITDA in Q4","bullets":["GAAP net loss $64.6M ($0.74 diluted EPS); adjusted net loss $27.2M ($0.31 adjusted EPS).","Contribution margin 59% vs 58% YoY; adjusted EBITDA -$20.3M improving from -$31.1M YoY.","Loan volume $1.1B (119,380 loans), up 13% YoY; conversion rate 14% vs 8% prior year.","Q2 guidance: revenue ~$125M, net loss ~$75M, adj EBITDA ~$(25)M.","H2 2024 outlook: revenue from fees ~$300M, positive EBITDA in Q4."],"urls":{"canonical":"https://secwatch.observer/filing/0001647639-24-000019","json":"https://secwatch.observer/filing/0001647639-24-000019.json","markdown":"https://secwatch.observer/filing/0001647639-24-000019.md","text":"https://secwatch.observer/filing/0001647639-24-000019.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1647639/000164763924000019/0001647639-24-000019-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1647639/000164763924000019/upst-20240507.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T18:49:32.872905+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":"8f1ba426e795b136bfa3552324ff2dfe1e4be77f","claim":"Upstart Holdings, Inc. reported the second quarter of 2024 and the second half of 2024 results: revenue $125 million (Q2 2024) and $300 million (H2 2024 revenue from fees), net income $(75) million (Q2 2024). Guidance initiated.","evidence_excerpt":"For the second quarter of 2024, Upstart expects: • Revenue of approximately $125 million ◦ Revenue From Fees of approximately $135 million ◦ Net Interest Income (Loss) of approximately $(10) million • Contribution Margin of approximately 56% • Net Income (Loss) of approximately $(75) million • Adjusted Net Income (Loss) of approximately $(36) million • Adjusted EBITDA of approximately $(25) million • Basic Weighted-Average Share Count of approximately 88.4 million shares • Diluted Weighted-Average Share Count of approximately 88.4 million shares For the second half of 2024, Upstart expects: • Revenue from fees of approximately $300 million, and • Positive EBITDA in the fourth quarter","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1647639/000164763924000019/0001647639-24-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of 2024 and the second half of 2024"},{"label":"Revenue","value":"$125 million (Q2 2024) and $300 million (H2 2024 revenue from fees)"},{"label":"Net income","value":"$(75) million (Q2 2024)"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"c5d1143266d236dd924eeebb2719dca4084dd76e","claim":"Upstart Holdings, Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $128 million, net income $(64.6) million, EPS $(0.74) per diluted share.","evidence_excerpt":"second half of the year and positive EBITDA by the end of the year, even in the current credit environment.” First Quarter 2024 Financial Highlights • Revenue. Total revenue was $128 million, an increase of 24% from the first quarter of 2023, but down 9% sequentially. Total fee revenue was $138 million, an increase of 18% year-over-year. • Transaction Volume and","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1647639/000164763924000019/0001647639-24-000019-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal quarter ended March 31, 2024"},{"label":"Revenue","value":"$128 million"},{"label":"Net income","value":"$(64.6) million"},{"label":"EPS","value":"$(0.74) per diluted share"},{"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"}