secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2025-08-05T23:59:59+00:00
Accession:  0001647639-25-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000091/0001647639-25-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000091/upst-20250805.htm
  HTML page:      https://secwatch.observer/filing/0001647639-25-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer