Short answer
Upstart Holdings, Inc. (UPST) filed its Q2 2026 10-Q quarterly report on Aug 4, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $365M (up 41.7% year over year) with net income of $17M.
Q2 2026 key financials · XBRL
- Revenue
- $365M
- +41.7% YoY · +18.3% QoQ
- Net income
- $17M
- +195.0% YoY · +348.9% QoQ
- Operating margin
- 4.0%
- EPS (diluted)
- $0.17
- +183.3% YoY · +342.9% QoQ
Source: XBRL data from the Upstart Holdings, Inc. (UPST) Q2 2026 10-Q on SEC EDGAR. USD.
Upstart Holdings, Inc. Q2 2026 10-Q analysis
AI summary of MD&A and risk factor updates
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
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.