Upstart Holdings (UPST)
NASDAQ:UPST
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.55Last Year’s EPS
0.36Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a largely positive outlook: very strong top-line growth (originations +61% YoY, revenue +44% YoY), demonstrable product momentum (auto and home rapid growth, Cashline launch), clear AI/modeling advantages, and a robust capital platform (>$4B committed capital, oversubscribed securitizations, strong vintage performance). Q1 profitability and margins were pressured by seasonality, deliberate front-loaded investments (marketing, hiring, compensation), and mix effects from newer products—resulting in a modest GAAP loss and a sequential dip in contribution margin. Management reiterated full-year guidance (revenue ~ $1.4B and adjusted EBITDA $294M) and emphasized that Q1 is expected to be the low point for contribution margin. Overall, the positive operational and capital developments outweigh the transient expense- and mix-driven headwinds.Company Guidance
Strong origination and revenue growth
Q1 originations of $3.4B, up 61% year-over-year and 8% sequentially. Total revenue ~ $308M, up 44% year-over-year and 4% sequentially; fee revenue ~ $277M, up 49% year-over-year and 4% sequentially.
Robust contribution and profitability trajectory
Contribution profit of $137M, up 34% year-over-year (down 2% sequentially). Adjusted EBITDA of ~ $40M (13% margin) in Q1 and reiteration of full-year adjusted EBITDA guidance of $294M (~21% of revenues). GAAP net loss was modest (~$7M) with management on track to be GAAP profitable for the year.
Capital platform strength and funding wins
Signed over $4B in new committed capital year-to-date, including ~ $2B from Altura, Centerbridge, and Wafra. Closed first 24-month commitment and maintained a 100% renewal rate with partners since 2022. Completed ~$1B of securitizations that were multiple times oversubscribed and upsized, and included auto secured loans for the first time.
Credit performance and investor returns
Average return of the last 12 quarterly vintages exceeds treasuries by 651 basis points, with every individual vintage exceeding treasuries by at least 385 basis points—supporting investor demand and funding resiliency.
AI and modeling leadership driving underwriting gains
Increased personal loans model accuracy lead by 1.4 percentage points; model advantage now 173.6%. Extended models to predict post-default recoveries, enabling ~3.5% more originations at equivalent risk. Doubled daily AI-assisted borrower conversations, launched AI features in mobile app, and deployed AI QA tools.
New product momentum: Auto and Home
Auto originations grew >300% year-over-year and 30% sequentially; auto retail originations ~13x year-over-year and nearly doubled sequentially. Home originations grew 250% year-over-year and 16% sequentially; >25% of home loans fully automated and average time to close reduced to 6 days (industry ~40 days).
Launch of Cashline and platform scale
Launched Cashline (unsecured revolving product) with very strong early results and broad availability. Platform scale: >425k loans originated in Q1 and over 20 million unique consumers have created accounts to check rates.
Share repurchase and capital efficiency focus
Repurchased 3.2M shares for $100M in February with ~$122M remaining under authorization. Management reiterated capital-efficient strategy and emphasis on reinvesting profits from core personal loans.
UPST Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
UPST Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 10, 2026 | $38.96 | $33.10 | -15.04% |
Nov 04, 2025 | $46.24 | $41.75 | -9.71% |
Aug 05, 2025 | $82.62 | $67.14 | -18.74% |
May 06, 2025 | $51.40 | $46.44 | -9.65% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Upstart Holdings (UPST) report earnings?
Upstart Holdings (UPST) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Upstart Holdings (UPST) earnings time?
Upstart Holdings (UPST) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UPST EPS forecast?
UPST EPS forecast for the fiscal quarter 2026 (Q2) is 0.55.
