Upstart Announces Third Quarter 2026 Results
Upstart posted Q3 2026 revenue of $371 million, up 34% YoY, with record originations of $4.1 billion (up 44%) and 574,089 loans originated. Contribution profit hit an all-time high of $218 million at a 60% margin, net income was $36.6 million ($0.33 diluted EPS), and secured products reached positive contribution margin (+17%) a quarter ahead of plan. Management guided FY2026 to approximately $1.35 billion total revenue and $260 million Adjusted EBITDA (19% margin), but CEO Paul Gu cautioned that macro conditions are pressuring the near-term outlook.
Key figures
- Eps
- 0.33
- Revenue
- 371000000
- Guidance
- FY2026 revenue from fees ~$1.32B; total revenue ~$1.35B; Adjusted EBITDA ~$260M (19% margin)
- Revenue Yoy
- 34%
- Net income
- 36578000
- Fee revenue
- 364030000
- Originations
- 4117800000
- Net income yoy
- 15%
- Adjusted ebitda
- 89332000
- Fee revenue yoy
- 41%
- Loans originated
- 574089
- Operating income
- 35999000
- Originations yoy
- 44%
- Contribution margin
- 60%
- Contribution profit
- 217970000
- Unsecured fee revenue
- 329939000
- Adjusted ebitda margin
- 24%
- Contribution profit yoy
- 48%
- Secured contribution margin
- +17% vs -179% YoY
AI analysis
Red flags4 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.