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Upstart Holdings, Inc. UPST Q2 2026 earnings

Reported August 4, 2026 · After market close

Revenue$364.7MBeat by $10.0M
EPS$0.16Miss by $0.02
Revenue estimate$354.7M
EPS estimate$0.18
“We came into this quarter with a clear plan, and we executed against it — re-accelerating growth in core personal loans, moving our secured products rapidly toward profitability, and funding that growth without adding equity capital. The results speak for themselves: originations up 50% year-over-year and we returned to GAAP profitability, with an all-time-high Contribution Profit. We've built a technology advantage that keeps compounding, and we've barely scratched the surface of the opportunity in front of us.”
Paul Gu

Next report

Nov 3, 2026 (Tomorrow)
Revenue estimate$364.0M
EPS estimate$0.21

Financials

Q2 2026

Income statement

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Revenue$364.7M+41.7%
Operating income$14.6M+222%
Net income$16.5M+195%
EPS (diluted)$0.16+220%

Balance sheet

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Cash & equivalents$982.3M+40.0%
Total debt$2.0B+37.6%
Total equity$797.5M+10.5%
Total assets$3.2B+28.0%

Cash flow

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Operating cash flow-$136.6M-13.7%
CapEx$2.1M+1,690%
Free cash flow-$138.7M-15.3%

Valuation & ratios

Valuation

as of 10/30/26
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Market cap$2.42B-44.1%
Enterprise value$3.46B-35.7%
P/E40.1×-94.2×
P/S1.9×-2.5×

Profitability

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Operating margin4%+2.5pp
Net margin4.8%+4.3pp

Returns & leverage

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Return on equity7.9%+7.2pp
Debt / equity2.5×+0.5×

FAQ

When did Upstart Holdings, Inc. report Q2 2026 earnings?
Upstart Holdings, Inc. (UPST) reported Q2 2026 earnings on August 4, 2026 after market close.
What were Upstart Holdings, Inc.'s Q2 2026 revenue and EPS?
Upstart Holdings, Inc. reported revenue of $364.7M and eps of $0.16 for Q2 2026.
Did Upstart Holdings, Inc. beat estimates in Q2 2026?
Revenue beat the consensus estimate of $354.7M by $10.0M. EPS missed the consensus estimate of $0.18 by $0.02.
How did Upstart Holdings, Inc.'s Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 41.7% from $257.3M a year earlier and eps declined 55.6% from $0.36.
Where can I find Upstart Holdings, Inc.'s Q2 2026 SEC filings?
You can read the 8-K earnings release (0001647639-26-000062) and the 10-Q periodic report (0001647639-26-000063) directly on SEC EDGAR. The filing index links above go to sec.gov.