---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-25-000133"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2025-11-04T23:59:59+00:00"
generated_at: "2026-05-17T00:38:46.474358+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Upstart Q3 revenue $277M (+71% YoY); turns GAAP profitable with $31.8M net income

## Summary
- Total originations of $2.9B, up 80% YoY; loan conversion rate 20.6% vs 16.3% a year ago.
- GAAP net income $31.8M ($0.23 diluted EPS) vs ($6.8M) loss in Q3 2024.
- Adjusted EBITDA $71.2M (26% margin) vs $1.4M in Q3 2024.
- Q4 2025 guidance: total revenue ~$288M, GAAP net income ~$17M.
- Full-year 2025 revenue expected ~$1.035B; adjusted EBITDA margin ~22%.

## SEC filing metadata
- accession: 0001647639-25-000133
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2025-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000133/0001647639-25-000133-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000133/upst-20251104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-25-000133
- JSON: https://secwatch.observer/filing/0001647639-25-000133.json
- Plain text: https://secwatch.observer/filing/0001647639-25-000133.txt

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