Delinquency RatesAugust data from Upstart's ABS securitizations shows accelerating delinquencies in both the months of July and August.
Origination TrendsUPST decreased full-year 2025 revenue outlook to $1.035B from $1.055B, reflecting softer origination trends driven by tighter underwriting.
Revenue And GuidanceUPST's revenue came in below expectations as the AI-powered underwriting model responded to the murky macro with reduced approval rates/raised pricing, resulting in lower conversion rates.