Upstart Q2 revenue rises 42% to $365 million; net income $16.5 million
Upstart reported second-quarter 2026 results for the quarter ended June 30, 2026, with total revenue of $365 million, up 42% year over year, and net income of $16.5 million, or $0.16 per diluted share, versus $5.6 million in Q2 2025. The company said it continues to expect full-year 2026 total revenue of about $1.4 billion and Adjusted EBITDA of about $294 million. Contribution Margin slipped to 55% from 58% a year earlier, even as Contribution Profit reached an all-time high.
Key points
- Originations of $4.2 billion in Q2 2026, up 50% year over year, across 558,014 loans
- Net income of $16.5 million versus $5.6 million in Q2 2025; diluted EPS of $0.16 versus $0.05
- Contribution Profit of $193 million, an all-time high and up 37% year over year; Contribution Margin 55% versus 58%
- Full-year 2026 outlook reiterated: total revenue of about $1.4 billion and Adjusted EBITDA of about $294 million (21% margin)
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 04, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.