Welcome to our dedicated page for Upstart Holdings SEC filings (Ticker: UPST), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to SEC filings for Upstart Holdings, Inc. (NASDAQ: UPST), an AI lending marketplace that connects consumers with banks and credit unions for personal, auto, and home equity credit products. Through these filings, investors can review how Upstart reports its financial performance, capital structure, and key operating metrics.
Upstart’s annual reports on Form 10-K and quarterly reports on Form 10-Q describe its business model, revenue from platform and referral fees and servicing and other fees, interest income and fair value adjustments on loans, and definitions of metrics such as transaction volume, conversion rate, contribution profit, Adjusted EBITDA, and Adjusted Net Income. These documents also discuss risks related to funding, macroeconomic conditions, and operating in a highly regulated industry.
Current reports on Form 8-K highlight material events, including quarterly earnings releases, corrections to non-GAAP per-share figures, and the entry into material definitive agreements. For example, an 8-K describes Upstart’s issuance of 0% Convertible Senior Notes due 2032, detailing the terms of the notes, conversion features, redemption provisions, events of default, and the company’s use of proceeds, including capped call transactions and repurchases of earlier convertible notes.
Investors interested in capital structure and potential dilution can use these filings to analyze Upstart’s outstanding convertible notes and related hedging arrangements. Filings also reference securitizations and other loan funding mechanisms that support the company’s AI lending marketplace.
Stock Titan’s platform supplements these documents with AI-powered summaries that explain complex sections of 10-Ks, 10-Qs, and 8-Ks, highlight important changes from prior periods, and surface information on funding arrangements and key metrics. Real-time updates from EDGAR, along with structured access to Forms 3, 4, and 5 for insider transactions when available, help users follow how Upstart’s disclosures evolve over time.
Upstart Holdings (UPST) insider activity: A director and Chief Technology Officer reported buying 100,000 shares of common stock on 11/11/2025. The purchases were made indirectly—20,000 shares at a weighted average price of $39.22 through THE GU QIAO FAMILY TRUST and 80,000 shares at a weighted average price of $39.23 through JECCO, LLC. Following these transactions, the reporting person beneficially owned 1,102,226 shares directly and 44,930 shares indirectly by trust. The filing notes short-swing profits of $148,255.06 were remitted to the Company under Section 16(b) in connection with a prior sale of 5,000 shares on September 2, 2025.
Upstart Holdings, Inc. filed its Q3 2025 report, showing a sharp rebound in results. Total revenue reached $277.105 million, up from $162.140 million a year ago, driven by platform and referral fees of $216.882 million and servicing and other fees of $41.657 million. Interest income/expense and fair value adjustments contributed $18.566 million net.
Operating income was $23.666 million versus a prior-year loss, and net income was $31.805 million with diluted EPS of $0.23 (basic $0.33). Operating expenses totaled $253.439 million.
As of September 30, 2025, total assets were $2.904,848 million, liabilities $2.161,130 million, and stockholders’ equity $743.718 million. Cash and cash equivalents were $489.784 million and restricted cash $347.121 million. Loans at fair value stood at $1,229.976 million. For the nine months, operating cash flow used $256.277 million, investing used $308.909 million, and financing provided $425.828 million. Shares outstanding were 97,286,484 as of October 28, 2025.
Upstart Holdings, Inc. furnished an 8-K announcing results for the fiscal quarter ended September 30, 2025. A detailed press release is attached as Exhibit 99.1. The company references non-GAAP financial measures, with reconciliations provided in the press release. The information in this report, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act.
Upstart (UPST) Chief Legal Officer reported a routine Form 4 transaction on 10/24/2025. The insider exercised 1,000 stock options at $13.22 and immediately sold 1,000 shares at a weighted average $55.0124, executed under a Rule 10b5-1 plan adopted May 30, 2025. Following these transactions, 123,148 shares were beneficially owned indirectly by the Darling Family Trust, and 197,527 options remained beneficially owned directly. Certain holdings include RSUs subject to vesting.
Upstart Holdings (UPST) filed an amended Form 4 to correct a prior report by adding a previously omitted gift of 750 shares on February 28, 2025 (transaction code G at $0). The reporting person is the company’s Chief Legal Officer.
Following the gift, the filing lists 149,379 shares beneficially owned as of February 28, 2025, with ownership shown as Direct. The amendment states the omission was unintentional and updates total beneficial ownership accordingly.
Citadel-affiliated entities and Kenneth Griffin report shared ownership of
Upstart Holdings insider Scott Darling notified the SEC of a proposed sale under Rule 144 for 1,000 common shares to be sold through Charles Schwab on 10/01/2025 on NASDAQ with an aggregate market value of $54,640. The shares were acquired and are being disposed of on 10/01/2025 via an employee stock option exercise and a cashless broker payment. The filing lists multiple prior insider sales by Scott Darling between 07/01/2025 and 09/17/2025, including transactions of 2,000; 5,000; 5,000; 4,000; 6,853; 6,402; 4,000; and 1,000 shares with corresponding gross proceeds shown for each sale.
Upstart Holdings insider Scott Darling executed an option exercise and contemporaneous sale under a Rule 10b5-1 plan on 09/17/2025. The filing shows exercise of an employee stock option to acquire 1,000 shares at an exercise price of $13.22 per share, and the sale of 1,000 shares at a weighted average price of $70.0095 per share. After these transactions the reporting person beneficially owned 123,898 shares of common stock. The filing also discloses employee stock options covering a total of 199,527 underlying shares, and that certain shares counted in holdings are restricted stock units subject to vesting.
Upstart Holdings insider transaction summary: Director and CEO David Girouard exercised an employee stock option to purchase 41,667 shares at an exercise price of $0.83 per share on 09/15/2025 under a Rule 10b5-1 trading plan adopted 08/29/2024. Immediately thereafter, the reporting person sold 34,825 shares at a weighted average price of $64.838 and 6,842 shares at a weighted average price of $65.4139, reflecting multiple sale transactions. After these transactions, Girouard reports 59,456 shares directly beneficially owned and multiple indirect holdings through trusts totaling several million shares as disclosed in footnotes.
Upstart Holdings, Inc. (UPST) Form 144 notice: The filing notifies a proposed sale of 1,000 common shares via Charles Schwab on 09/17/2025 with an aggregate market value of $70,010. The shares were acquired on the same date through an employee stock option exercise and appear to be part of a cashless exercise settled through the broker.
The filer also discloses prior dispositions by the same person, Scott Darling, totaling 33,255 shares sold across seven transactions from 07/01/2025 to 09/03/2025 with aggregate gross proceeds of approximately $2,323,462. The filing states the seller represents no undisclosed material adverse information.
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