Upstart Holdings, Inc. filings document the operating results, governance and capital structure of an AI lending marketplace listed on the Nasdaq Global Select Market under UPST. Its 8-K reports include quarterly and annual financial results, non-GAAP reconciliations, share repurchase activity, executive appointments and compensation arrangements, and material definitive agreements.
Proxy materials describe annual meeting matters such as director elections, stockholder voting procedures, board governance and executive compensation. Capital-structure filings include common stock disclosures and convertible senior notes issued under an indenture, including conversion, maturity, reporting-compliance and other note terms.
Upstart Holdings, Inc. filed Amendment No. 1 to its quarterly report for the period ended June 30, 2026. The amendment solely revises one sentence in the Risk Factors section to correct a time period, clarifying that certain quarterly vintages of personal loans (excluding small dollar loans) originated in the second quarter of 2023 through the first quarter of 2024 and the fourth quarter of 2024 are forecasted to underperform their target returns set at origination. All other disclosures remain as of the original filing date.
For the three months ended June 30, 2026, Upstart reported total revenue of 364,708 (in thousands), including revenue from fees, net of 348,019 (in thousands), and income from operations of 14,639 (in thousands). Net income was 16,539 (in thousands), or $0.16 diluted net income per share. As of June 30, 2026, total assets were 3,171,273 (in thousands), including loans at fair value of 1,064,239 (in thousands) and beneficial interest assets of 545,938 (in thousands), funded by total liabilities of 2,373,785 (in thousands) and stockholders’ equity of 797,488 (in thousands).
Upstart Holdings, Inc. reported higher results for the quarter ended June 30, 2026. Total revenue was 364,708 (thousands of dollars), compared with 257,291 (thousands) a year earlier, driven mainly by platform and referral fees of 284,066 (thousands) and servicing and other fees of 54,807 (thousands). Net income for the quarter was 16,539 (thousands), or 0.17 basic and 0.16 diluted earnings per share.
For the six months ended June 30, 2026, revenue totaled 672,922 (thousands) and net income 9,893 (thousands). Cash, cash equivalents and restricted cash were 982,277 at June 30, 2026, versus 1,057,012 at December 31, 2025, while borrowings increased to 2,003,129 from 1,829,145. Loans at fair value rose to 1,064,239 and beneficial interest assets to 545,938, reflecting larger loan and risk-sharing exposures. Net cash used in operating activities was 269,929 (thousands) year-to-date, partly offset by 94,958 provided by investing activities and 100,236 from financing activities, including 424,550 of new borrowings and 100,057 used for share repurchases.
Upstart Holdings, Inc. reported strong results for the quarter ended June 30, 2026, highlighted by originations of $4.2 billion, up 50% year-over-year on 558,014 loans. Total revenue grew 42% year-over-year, and revenue from fees reached $348 million.
Income from operations rose to $14.6 million from $4.5 million a year earlier, and net income increased to $16.5 million, or diluted EPS of $0.16, versus $0.05. Contribution Profit reached an all‑time high of $193 million, up 37% year-over-year, while Adjusted EBITDA was $76.9 million, up 45% year-over-year with a 21% margin.
Unsecured products generated $326 million of revenue from fees, up 38% year-over-year, with Contribution Profit of $201 million and a 62% Contribution Margin. Secured products (auto and home) remained loss‑making with a combined Contribution Margin of negative 35%, but improved sharply from negative 176% in the prior‑year quarter. For full‑year 2026, the company expects approximately $1.4 billion of total revenue, including $1.3 billion of revenue from fees, and Adjusted EBITDA of about $294 million, or 21% of total revenue.
Upstart Holdings, Inc. is the issuer of common stock, par value $0.0001 per share, covered in this Amendment No. 1 to a Schedule 13G filing. The securities are identified by CUSIP 91680M107.
Jericho Capital Asset Management L.P. and Josh Resnick are the reporting persons. Each reports beneficial ownership of 0 shares of Upstart common stock, representing 0.0% of the class. Both report 0 sole and shared voting power and 0 sole and shared dispositive power. The filing states that each now has ownership of 5 percent or less of the class.
Upstart Holdings, Inc. executive Sanjay Datta, President, Capital & Enterprise, reported an open-market sale of common stock. On June 9, 2026, he sold 15,000 shares of Upstart common stock at a weighted average price of $30.4077 per share, in multiple trades between $30.09 and $30.62. Following this transaction, he directly holds 313,556 shares of Upstart common stock. A related footnote explains that certain securities in his holdings are RSUs, each representing a contingent right to receive one share of common stock subject to applicable vesting conditions.
Sanjay Datta filed a notice under Form 144 reporting proposed sales of Upstart Holdings, Inc. common stock. The notice lists two reported resale transactions in May 2026: 1,817 shares on 05/15/2026 with $53,707.00 and 7,985 shares on 05/20/2026 with $229,740.00. The filing also records prior restricted stock lapses dated 02/20/2025 for 2,151 shares and 08/20/2025 for 12,849 shares, both tied to equity compensation.
Wennes Timothy H reported acquisition or exercise transactions in this Form 4 filing.
Upstart Holdings director Timothy H. Wennes received a grant of 6,476 restricted stock units of common stock. The award was reported at a price of $0.00 per share because it is a compensation grant, not a market purchase. All 6,476 RSUs will vest on May 28, 2027, as long as he continues serving as a company service provider through that date. After this grant, he is reported as directly holding 6,476 shares tied to this award.
Terry Hilliard C. III reported acquisition or exercise transactions in this Form 4 filing.
Upstart Holdings, Inc. director Terry Hilliard C. III received an equity grant of 6,476 shares of Common Stock in the form of restricted stock units (RSUs) on May 29, 2026. Each RSU represents a contingent right to one share of Common Stock. The RSUs will vest 100% on the earlier of May 29, 2027 or the day prior to Upstart’s 2027 annual meeting of stockholders, as long as he continues as a service provider through that date. Following this grant, his direct holdings increased to 37,432 shares of Common Stock.
Hentges Mary reported acquisition or exercise transactions in this Form 4 filing.
Upstart Holdings director Mary Hentges received a grant of 6,476 restricted stock units (RSUs), each representing one share of Common Stock at no cash cost. All RSUs are scheduled to vest 100% on the earlier of May 29, 2027 or the day before Upstart’s 2027 annual stockholder meeting, as long as she continues as a service provider. Following this award, her directly held position reported in the filing is 37,149 shares.
Bernard Peter J reported acquisition or exercise transactions in this Form 4 filing.
Upstart Holdings, Inc. director Peter J. Bernard reported receiving a grant of 6,476 restricted stock units (RSUs), each representing one share of common stock at no cash cost. After this award, his direct holdings total 11,392 shares or share-equivalent RSUs.
The RSUs are scheduled to vest 100% on the earlier of May 29, 2027, or the day prior to Upstart’s 2027 annual meeting of stockholders, assuming he continues as a service provider through that date. This is a compensation-related equity grant rather than an open‑market purchase.