Upstart Announces Third Quarter 2026 Results
Key Highlights
- ➤Originations $4.1 billion, up 44% YoY, with record 574,089 loans
- ➤Total revenue $371 million, up 34% YoY; fee revenue reached $364 million
- ➤Net income $36.6 million, up 15% YoY; diluted EPS increased to $0.33
- ➤Contribution Profit reached a record $218 million, up 48% YoY
- ➤Full-year 2026 revenue from fees expected at approximately $1.32 billion
Expert Statements
Paul Gu, Co-founder and CEO of Upstart
“Macro comes and goes, but alpha compounds,”
Paul Gu, Co-founder and CEO of Upstart
“In Q3, our technology and marketing advances helped drive record Contribution Profit, our secured products reached positive Contribution Margin a quarter ahead of plan, and we supported platform growth with proportionately less equity capital.”
Paul Gu, Co-founder and CEO of Upstart
“Macro is putting pressure on our near-term outlook, but the progress we’re making gives me more confidence than ever in Upstart’s long-term potential.”
Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced financial results for the quarter ended September 30, 2026. Upstart will host a conference call and webcast at 5:00 a.m. Pacific Time today. An earnings presentation and link to the webcast are available at ir.upstart.com.
“Macro comes and goes, but alpha compounds,” said Paul Gu, Co-founder and CEO of Upstart. “In Q3, our technology and marketing advances helped drive record Contribution Profit, our secured products reached positive Contribution Margin a quarter ahead of plan, and we supported platform growth with proportionately less equity capital. Macro is putting pressure on our near-term outlook, but the progress we’re making gives me more confidence than ever in Upstart’s long-term potential.”
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