Short answer
Upstart Holdings, Inc. (UPST) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $277M (up 70.9% year over year) with net income of $32M.
Q3 2025 key financials · XBRL
- Revenue
- $277M
- +70.9% YoY · +7.7% QoQ
- Net income
- $32M
- +570.6% YoY · +467.2% QoQ
- Operating margin
- 8.5%
- EPS (diluted)
- $0.25
- +516.7% YoY · +316.7% QoQ
Source: XBRL data from the Upstart Holdings, Inc. (UPST) Q3 2025 10-Q on SEC EDGAR. USD.
Upstart Holdings, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Increased exposure to committed capital losses, max potential loss $797.3M as of Sept 30, 2025, up from $357.9M Sept 30, 2024, due to more co-investment arrangements
- Most materially updated risk: Underperformance of loans originated 2021-23 causing negative rating agency actions on asset-backed securitizations, impacting financing access
- Regulatory risk: Potential regulatory pressure on lending partners to limit or terminate business with Upstart, including evolving laws and CFPB authority uncertainty
- Operational risk: Decreased borrower approvability and demand due to macroeconomic conditions and max APR capped at 35.99%, constraining near-term transaction volume
- Financial risk: 62% of loan principal funded by institutional investors; funding constraints since 2022, potentially leading to higher costs or reliance on balance sheet
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other Upstart Holdings, Inc. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.