Earnings Releases·Nov 3, 2026, 8:10 AM ET

Upstart — Q3 2026 Earnings Summary

Total revenue reached $371 million (up 34% YoY) and Contribution Profit hit a record $218 million (up 48% YoY), while Originations grew 44% YoY to $4.1 billion.
Secured Products achieved a positive 17% Contribution Margin one quarter ahead of plan, and the company introduced a new revolving credit product, Cash Line.
Full-year 2026 guidance projects Total Revenue of ~$1.35 billion, Revenue From Fees of ~$1.32 billion, and Adjusted EBITDA of ~$260 million.
Cash and cash equivalents declined to $461.5 million as of September 30, 2026, while total borrowings increased to $2.0 billion; $100.1 million in stock repurchases occurred in the first nine months of 2026.
Management expressed increased long-term confidence despite macroeconomic pressures, noting that technology and marketing advances drove record profitability.