{"schema_version":"secwatch.filing_event.v1","accession":"0001647639-26-000045","form_type":"8-K","ticker":"UPST","cik":"0001647639","company_name":"Upstart Holdings, Inc.","filed_at":"2026-05-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.656979+00:00","generated_at":"2026-05-14T23:24:28.447551+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Upstart Q1 revenue up 44% to $308M, net loss widens to $6.6M; FY guidance reaffirmed","bullets":["Total originations of $3.4B (+61% YoY); transaction volume of 425,356 loans (+77% YoY).","Revenue from fees of $277M (+49% YoY); contribution margin of 50% vs 55% in Q1 2025.","GAAP net loss per share ($0.07); adjusted EBITDA of $40.5M vs $42.6M in prior year.","Full-year 2026 outlook unchanged: total revenue ~$1.4B, adjusted EBITDA ~$294M (21% margin).","CEO Paul Gu highlights application for national bank charter and rapid growth in home and auto."],"urls":{"canonical":"https://secwatch.observer/filing/0001647639-26-000045","json":"https://secwatch.observer/filing/0001647639-26-000045.json","markdown":"https://secwatch.observer/filing/0001647639-26-000045.md","text":"https://secwatch.observer/filing/0001647639-26-000045.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1647639/000164763926000045/0001647639-26-000045-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1647639/000164763926000045/upst-20260505.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-14T23:24:28.447551+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8c8d2e1a039e2e7cd0361aedab23716550831c93","claim":"Upstart Holdings, Inc. reported Q1 2026 results: revenue $308 million, net income ($6.6) million, EPS ($0.07). Guidance reaffirmed.","evidence_excerpt":"Quarter 2026 Highlights • Transaction Volume: 425,356 loans originated, up 77% year-over-year (“YoY”). Total originations were roughly $3.4 billion, up 61% YoY. • Total Revenue: $308 million, up 44% YoY. Revenue from fees was $277 million, up 49% YoY. • Loss from Operations: ($7.5) million, compared to ($4.5) million in Q1 2025. • Net Loss: ($6.6) million, compared","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1647639/000164763926000045/0001647639-26-000045-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"Q1 2026"},{"label":"Revenue","value":"$308 million"},{"label":"Net income","value":"($6.6) million"},{"label":"EPS","value":"($0.07)"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}