---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-24-000032"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:18:44.173380+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upstart Q2 revenue $128M, net loss $54.5M; Q3 revenue guidance $150M

## Summary
- Revenue $128M, down 6% YoY; fee revenue $131M, down 9%.
- GAAP net loss $54.5M (EPS -$0.62) vs. loss $28.2M a year ago.
- Adjusted EBITDA -$9.3M, down from +$11.0M in Q2 2023.
- Loan originations $1.1B on 143,900 loans; conversion rate improved to 15% from 9%.
- Q3 2024 guidance: revenue ~$150M; expects positive EBITDA in Q4 2024.

## SEC filing metadata
- accession: 0001647639-24-000032
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2024-08-06T23:59:59+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/1647639/000164763924000032/0001647639-24-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763924000032/upst-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-24-000032
- JSON: https://secwatch.observer/filing/0001647639-24-000032.json
- Plain text: https://secwatch.observer/filing/0001647639-24-000032.txt

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