UPST at a glance
Upstart Holdings, Inc. (UPST, SEC CIK 1647639) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and Form 4 insider filings as recently as September 10, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Upstart Holdings, Inc. (UPST) reported revenue of $1.0 billion (up 64.0% from FY2024) and net income of $53.6 million. Diluted EPS was $0.45.
- As of June 30, 2026, 31 institutional investment managers tracked by SignalX reported holding Upstart Holdings, Inc. (UPST) shares worth $1.1 billion in 13F-HR filings.
- The most recent insider open-market purchase reported on Form 4 was by Gu Paul on September 10, 2026 of 50,000 shares at $25.55 per share.
- In the last 90 days, UPST insiders reported 1 open-market purchase ($1.3M) and 10 open-market sales ($4.4M) on Form 4, a net sale of $3.1M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.0B
- +64.0% vs prior year
- Insiders · 90 days
- 1 buy · 10 sells
- Net −$3.1M
- 13F holders
- 31 funds
- $1.1B · +2 vs prior quarter
- Latest 8-K
- Aug 4, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: AI-driven lending platform connecting borrowers and banks to optimize loan approvals and pricing
- Emphasis on enhanced cybersecurity governance with Chief Information Security Officer leading risk mitigation and incident response programs
- Strengthened Board oversight on cybersecurity risk, including quarterly updates and audit committee involvement
- Incident response plan detailed for managing cybersecurity incidents with escalation to leadership and external notifications
- Chief Information Security Officer with 15+ years experience integral to new comprehensive security risk management framework
Risk Factors
- No material regulatory or legal risk detailed in Risk Factors section
- Geopolitical or macroeconomic risk absent from disclosed risk factors
- Operational risk from reliance on third-party AI models impacting loan approvals, with no direct control over algorithm updates
- Competitive threat from traditional banks increasing AI adoption, risking Upstart's market share gains in consumer lending
- Financial risk: stock held by 159 record holders with significant shares in street name limiting shareholder activism transparency
Management Discussion & Analysis
- Revenue from fees $950M, up 49% YoY from $635M in 2024
- Contribution margin 56% vs 60% in 2024; Adjusted EBITDA margin 22% vs 2% in 2024
- Best segment: core personal loans showing forecasted returns in line with targets post Q2 2024 vintages; worst segment: Q4 2023 to Q1 2024 vintages underperforming target returns
- Transaction volume $11B, up 86% YoY; number of loans 1.5M, up 115% YoY driven by AI model improvements
- Cash flow specifics not detailed; noted investments in technology, no figures for buybacks, dividends, or capex disclosed
- Forward outlook: macroeconomic risk remains elevated; introduced Upstart Macro Index at 1.39 reflecting 39% incremental risk; expect potential funding constraints if market disrupts again
AI summary of the UPST 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue from fees $348.0M, up 45% YoY from $240.8M
- Contribution margin 55% vs 58% YoY; Adjusted EBITDA margin 21% vs 21%
- Best performance: originations $4.23B, up 50% YoY from $2.82B
- Conversion rate 19.7% vs 21.0%; fully automated loans 91% vs 92%
- UMI approximately 1.50, indicating incremental macroeconomic repayment risk of approximately 50%
Risk Factors
- National bank charter applications pending FDIC and Federal Reserve approvals after conditional OCC approval, with potential capital and compliance conditions
- U.S. consumer-credit concentration exposed to inflation, higher interest rates, unemployment, and recessionary defaults
- AI model risk heightened by underperforming vintages from 2Q23–1Q24 and 4Q25 versus target returns
- Institutional funding dependence exposes origination volume to investor liquidity constraints and private-credit redemptions
- Securitization risk-retention financing exposes liquidity to declining retained-interest values and refinancing availability
AI summary of the UPST 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Q2 FY2026 results covered quarter ended June 30, 2026
- Press release with financial results attached as Exhibit 99.1
Item 5.07: Submission of Matters to a Vote of Security Holders
- All three Class III nominees elected through the 2029 annual meeting
- Ciaran O’Kelly received 26,033,217 votes for and 3,924,695 withheld, indicating comparatively weaker shareholder support
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Tim Wennes joins Upstart’s Board as a Class I director effective May 28, 2026
- Wennes brings 35+ years of financial-services experience, including Santander Holdings USA CEO from 2019 to 2025
AI summaries of UPST 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for UPST
Don't miss the next UPST filing
- Alerts as it files. A push when UPST files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut UPST, by share count.
- Ask anything. An AI agent that reads every UPST filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Gu Paul | Buy | Sep 10, 2026 | 50,000 | $25.55 |
| Datta Sanjay | M | Sep 8, 2026 | 300,000 | $1.35 |
| Datta Sanjay | M | Sep 8, 2026 | 300,000 | - |
| Datta Sanjay | Sell | Sep 8, 2026 | 116,000 | $27.29 |
| Mirgorodskaya Natalia | Sell | Aug 25, 2026 | 913 | $30.03 |
| Darling Scott | Sell | Aug 20, 2026 | 7,696 | $28.09 |
| Mirgorodskaya Natalia | Sell | Aug 20, 2026 | 586 | $28.09 |
| Datta Sanjay | Sell | Aug 20, 2026 | 8,945 | $28.09 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $513.6M | $636.5M | $1.0B |
| Operating Income | - | -$172.9M | $42.6M |
| Net Income | -$240.1M | -$128.6M | $53.6M |
| Op. Margin | - | -27.2% | 4.1% |
| Net Margin | -46.8% | -20.2% | 5.1% |
| Balance Sheet | |||
| Total Assets | - | $2.4B | $3.0B |
| Equity | - | $633.2M | $798.8M |
| ROE | - | -20.3% | 6.7% |
| Per Share | |||
| EPS | $-2.87 | $-1.44 | $0.45 |
| Cash Flow | |||
| Operating CF | - | $186.3M | -$147.7M |
| CapEx | $1.5M | $837K | $347K |
Source: XBRL data in Upstart Holdings, Inc. (UPST)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate UPST share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 31 | $1.08B |
| Q1 2026 | 29 | $727.2M |
| Q4 2025 | 30 | $1.59B |
| Q3 2025 | 30 | $2.00B |
| Q2 2025 | 29 | $2.02B |
| Q1 2025 | 27 | $1.26B |
| Q4 2024 | 23 | $1.55B |
| Q3 2024 | 20 | $588.5M |
- Bank of America Corp+1.01M (+199%)
- Goldman Sachs Group+835.7K (+54%)
- FMR LLC (Fidelity)+691.8K (+4695%)
- BlackRock+475.6K (+6%)
- Citigroup+329.3K (+41%)
- Morgan Stanley−1.56M (-39%)
- Vanguard Capital Management LLC−53.5K (-1%)
- Marex Group plc−46.1K (-40%)
- JPMorgan Chase & Co−30.6K (-20%)
- Two Sigma Investments−23.5K (-65%)
- Mangrove Partners+22.2K
- Truist Financial+6.9K
- Principal Financial Group+6.5K
- D.E. Shaw & Co−267.1K
Source: 13F-HR filings on SEC EDGAR (aggregated from 219 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
UPST filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Aug 27, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 21, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 4 | Aug 19, 2026 | - | - | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 4, 2026 | - | Analysis | - |
| 4 | Jun 11, 2026 | - | - | - |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 4 | Jun 2, 2026 | - | - | |
| 8-K | May 28, 2026 | - | Analysis | |
| 4 | May 27, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 4 | May 22, 2026 | - | - | |
| 8-K | May 19, 2026 | - | Analysis | |
| 4 | May 18, 2026 | - | - |
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UPST SEC filings: frequently asked questions
Are UPST insiders buying or selling?
In the last 90 days, Upstart Holdings, Inc. (UPST) officers, directors and 10% owners reported 1 open-market purchase worth $1.3 million by 1 insider and 10 open-market sales worth $4.4 million by 4 insiders on Form 4, a net sale of $3.1 million. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold UPST stock?
As of June 30, 2026, the largest Upstart Holdings, Inc. (UPST) holders among the 13F filers tracked by SignalX were BlackRock ($279.1 million), Vanguard Portfolio Management LLC ($132.5 million), Vanguard Capital Management LLC ($131.0 million), Morgan Stanley ($85.6 million), Goldman Sachs Group ($84.9 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was UPST's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Upstart Holdings, Inc. (UPST) reported revenue of $1.0 billion (up 64.0% from FY2024) and net income of $53.6 million. Diluted EPS was $0.45. The figures come from the XBRL data in the 10-K.
What are the main risks in UPST's latest 10-K?
In the 10-K filed February 10, 2026, Upstart Holdings, Inc. (UPST) flagged: No material regulatory or legal risk detailed in Risk Factors section. Geopolitical or macroeconomic risk absent from disclosed risk factors. (AI summary of the Risk Factors section.)
What did UPST report in its latest 8-K?
Upstart Holdings, Inc. (UPST) filed an 8-K on August 4, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Q2 FY2026 results covered quarter ended June 30, 2026.
What are the latest UPST SEC filings?
Upstart Holdings, Inc. (UPST) filed its latest 10-K annual report on February 10, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on August 4, 2026 and a Form 4 insider filing on September 10, 2026.
What is UPST's SEC CIK number?
Upstart Holdings, Inc. (UPST)'s SEC Central Index Key (CIK) is 1647639. EDGAR lists every UPST filing under that number.
Ask anything about UPST
The research agent reads UPST's filings, financials, insider trades and 13F holders, then answers with sources.