---
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"
generated_at: "2026-05-14T23:24:28.447551+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Upstart Q1 revenue up 44% to $308M, net loss widens to $6.6M; FY guidance reaffirmed

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-26-000045
- JSON: https://secwatch.observer/filing/0001647639-26-000045.json
- Plain text: https://secwatch.observer/filing/0001647639-26-000045.txt

## Key facts
- Earnings Releases
  Upstart Holdings, Inc. reported Q1 2026 results: revenue $308 million, net income ($6.6) million, EPS ($0.07). Guidance reaffirmed.
  - Period: Q1 2026
  - Revenue: $308 million
  - Net income: ($6.6) million
  - EPS: ($0.07)
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1647639/000164763926000045/0001647639-26-000045-index.htm

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