Highest-materiality recent filing
Upstart appoints former Santander US CEO Tim Wennes to board; Jeff Huber resigns
Tim Wennes elected to Upstart board as Class I director, effective May 28, 2026.
Upstart Q1 revenue up 44% to $308M, net loss widens to $6.6M; FY guidance reaffirmed
Total originations of $3.4B (+61% YoY); transaction volume of 425,356 loans (+77% YoY).
Upstart announces plan to apply for national bank charter
Upstart will apply to OCC and FDIC to establish an insured national bank, Upstart Bank, N.A., and to the Fed for bank holding company status.
Upstart repurchases $100M in common stock over four trading days
Repurchased 3,193,294 shares at avg $31.31/share between Feb 12-18, 2026.
Q4 revenue $296M (+35% YoY); net income $18.6M ($0.17 diluted EPS) vs year-ago loss of $2.8M.
Upstart names co-founder Paul Gu CEO effective May 1; Girouard becomes Executive Chairman
Paul Gu (CTO, co-founder) becomes CEO May 1, 2026; Dave Girouard becomes Executive Chairman.
Upstart Q3 revenue $277M (+71% YoY); turns GAAP profitable with $31.8M net income
Total originations of $2.9B, up 80% YoY; loan conversion rate 20.6% vs 16.3% a year ago.
Upstart issues $690M 0% convertible notes due 2032, repurchases $232.6M of 2026 notes
Issued $690M aggregate principal of 0% Convertible Senior Notes due 2032; initial conversion price ~$82.50 per share.
Upstart corrects Q2 adjusted EPS to $0.40; revenue up 102% YoY to $257M
Corrected diluted Adjusted EPS: Q2 2025 $0.40 (was $0.36); six-month $0.70 (was $0.62). No other changes.
Upstart Q2 revenue $257M (+102% YoY); GAAP net income $5.6M, first quarterly profit
Revenue $257M (+102% YoY); GAAP net income $5.6M vs loss of $54.5M in Q2 2024.
On May 19, 2026, Upstart Holdings, Inc. (“Upstart” or the “Company”) announced that its Board of Directors (the “Board”) elected Tim Wennes to serve as a Class I director on the Board, effective as of May 28, 2026.
On May 19 , 2026, Jeff Huber informed the Company that he will resign from the Board and the Nominating and Corporate Governance Committee of the Board, effective as of May 28, 2026.
Max materiality 0.85 · Median 0.70 · Most common event earnings