---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-25-000091"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2025-08-05T23:59:59+00:00"
generated_at: "2026-05-17T20:46:26.808365+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Upstart Q2 revenue $257M (+102% YoY); GAAP net income $5.6M, first quarterly profit

## Summary
- Revenue $257M (+102% YoY); GAAP net income $5.6M vs loss of $54.5M in Q2 2024.
- Originations >$2.8B (+154% YoY); conversion rate 23.9% vs 15.2% a year ago.
- Adjusted EBITDA $53.1M (21% margin) vs negative $9.3M in Q2 2024.
- Q3 guidance: revenue ~$280M, GAAP net income ~$9M, adjusted EBITDA ~$56M.
- Full-year 2025 revenue guided to ~$1.055B; GAAP net income expected ~$35M.

## SEC filing metadata
- accession: 0001647639-25-000091
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2025-08-05T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000091/0001647639-25-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000091/upst-20250805.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-25-000091
- JSON: https://secwatch.observer/filing/0001647639-25-000091.json
- Plain text: https://secwatch.observer/filing/0001647639-25-000091.txt

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