secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001647639-26-000045
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763926000045/0001647639-26-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763926000045/upst-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001647639-26-000045

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