secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2025-11-04T23:59:59+00:00
Accession:  0001647639-25-000133
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000133/0001647639-25-000133-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000133/upst-20251104.htm
  HTML page:      https://secwatch.observer/filing/0001647639-25-000133

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