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Upstart Secures Over $4 Billion In Capital As Loan Growth Rebuilds!

Upstart Holdings, Inc. reported first quarter 2026 results marked by significant year-over-year growth in originations and revenues, alongside modest declines in profitability due to seasonality and strategic investments. Originations increased 61% to $3.4 billion, driven by a 26% sequential rise in super prime personal loans and strong acceleration in newer secured product lines, including auto originations up 32% and home loans up 16% sequentially. Revenue grew 44% year-over-year to approximately $308 million, reflecting higher volumes and expanded product mix, while fee revenues rose 49% year-over-year. Despite this growth, net loss was about $7 million, reflecting a modest sequential decline in contribution profit (down 2%) and contribution margin of 50%, which was 3 percentage points lower than in the previous quarter.