Upstart Holdings

• 10-QQ2 FY2026Mixed

  Filed Aug 4

  Committed-capital and co-investment deals underpin lending growth but expose Upstart capital to credit risk as loan funding absorbs cash.

  • Revenue$364.7MYoY +41.7%
  • Net income$16.5MYoY +195.0%

• 8-KPositiveEarningsNew guidance

  Filed Aug 4

  Loan origination growth drove fee revenue gains; secured products’ contribution margin improved sharply but stayed negative.

• 8-KShareholder vote

  Filed May 28

  Stockholders elected all Class III nominees, ratified Deloitte for FY2026 and backed the advisory executive pay vote.

• 8-KLeadership change

  Filed May 19

  Former Santander Holdings USA CEO Tim Wennes joins the Board as Jeff Huber departs.

• 10-QQ1 FY2026Debt defaultCEO/CFO change

  Filed May 5

  AI underwriting expanded loan approvals, but rising borrower-acquisition costs and lower fee rates squeezed marketplace margins.

  • Revenue$308.2MYoY +44.4%
  • Net income−$6.6MYoY −171.6%

• 8-KEarningsGuidance reaffirmed

  Filed May 5

  Loan origination growth drove fee revenue higher, but contribution and adjusted EBITDA margins narrowed.

• 8-K

  Filed Mar 10

  Planned insured national bank charter application would let Upstart Bank tap deposits and lend directly to consumers if approved.

• 8-KBuyback

  Filed Feb 19

  Open-market share repurchases used $100M of the previously authorized buyback program.

• 10-KFY2025Debt defaultLegal / investigation

  Filed Feb 10

  AI lending conversion gains and narrower valuation losses restored GAAP profit, but retained loans absorbed cash and increased credit exposure.

  • Revenue$1.0BYoY +64.0%
  • Net income$53.6Mvs −$128.6M year ago

• 8-KCEO/CFO changeLeadership changeExecutive pay

  Filed Feb 10

  Co-founder and CTO Paul Gu will succeed Dave Girouard as CEO; Girouard shifts to Executive Chairman.

• 8-KPositiveEarningsCEO/CFO changeNew guidance

  Filed Feb 10

  Co-founder Paul Gu will become CEO as Upstart shifts to annual guidance and monthly origination disclosures.

Coverage: 10-K, 10-Q and 8-K filings filed since Jan 1, 2026.

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Company data: Wikidata Q7899307