Upstart Holdings, Inc. — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Upstart reported Q2 2026 originations of $4.2B (up 50% YoY) on 558,014 loans (up 50% YoY). Total revenue was $365M (up 42% YoY); net income returned to profitability at $16.5M vs. $5.6M in Q2 2025 (195% increase). Contribution Profit reached all-time high of $193M (up 37% YoY) at 55% margin; Adjusted EBITDA was $76.9M (up 45% YoY) at 21% margin. For full-year 2026, guidance remains $1.4B total revenue and $294M Adjusted EBITDA (21% margin). Secured products (auto/home) improved substantially from -176% to -35% contribution margin.
Why this rating
Strong Q2 execution with 50% origination growth and return to profitability meaningful for $5.4B company; secured segment inflection positive; full-year guidance unchanged but operational momentum supports confidence; margins compressing slightly on scale suggests competitive pressure.
See more from August 4, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.