Quarterly ResultAug 4, 2026, 04:14 PM
Upstart Q2 Net Income $16.5M, up 195%; Revenue $365M, up 42%
AI Summary
Upstart Holdings, Inc. reported strong financial results for the second quarter ended June 30, 2026, with net income surging 195% year-over-year to $16.5 million and total revenue increasing 42% to $365 million. The company achieved an all-time high Contribution Profit of $193 million and returned to GAAP profitability. Originations grew 50% to $4.2 billion, and the full-year 2026 revenue outlook remains at approximately $1.4 billion.
Key Highlights
- Net Income: $16.5 million, up 195% YoY.
- Total Revenue: $365 million, up 42% YoY.
- Originations: $4.2 billion, up 50% YoY.
- Adjusted EBITDA: $76.9 million, up 45% YoY.
- Unsecured Lending Revenue: $326 million, up 38% YoY.
- Secured Contribution Margin: -35%, improved from -176%.
- Full-year 2026 Revenue Outlook: $1.4 billion.
Price Impact
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