- Upstart facilitated $4.2 billion of originations, up 50% year over year, across a record of more than 558,000 loans. [1] - The company shipped three personal-loan underwriting models incorporating more than 300 new variables and moved them onto a faster inference platform.
[[1]](https://upstartnetworkinc.gcs-web.com/static-files/7e084bff-b81c-44f7-b215-d320508c9b5f) - Upstart reiterated guidance for about $1.4 billion in 2026 revenue and $294 million in adjusted EBITDA.
[[1]](https://upstartnetworkinc.gcs-web.com/static-files/7e084bff-b81c-44f7-b215-d320508c9b5f)
Upstart’s lending marketplace facilitated approximately $4.2 billion of loans in the second quarter, a 50% increase from a year earlier, as renewed growth in personal loans and rapidly expanding auto and home products lifted revenue and profitability.[1]
Total revenue rose 42% to approximately $365 million. Upstart generated about $17 million in GAAP net income, or $0.16 per diluted share, and $77 million in adjusted earnings before interest, taxes, depreciation and amortization. Its shares climbed following Tuesday’s release and were indicated about 3% higher before Wednesday’s opening bell.[1][2][3]
New models lift personal-loan growth #
Core personal-loan originations increased 27% from the first quarter, adding $526 million in sequential volume. Upstart originated more than 558,000 loans across its products, while total originations grew 23% sequentially.[1]
The company said it launched three personal-loan underwriting models that collectively added more than 300 variables. It also shifted underwriting to a distributed inference platform that runs about 65% faster at the median. Upstart said its model is now 2.74 times as accurate as a traditional credit-scoring benchmark, an internally reported comparison that has not been independently verified.[1]
Upstart maintained its full-year forecast of approximately $1.4 billion in total revenue, including $1.3 billion in fee revenue, and $294 million in adjusted EBITDA. The outlook assumes its Upstart Macro Index, a measure used to calibrate expected borrower risk, remains near 1.50 for the rest of 2026. That reading was at the top of the range used when the company issued its guidance in February.[1]
Companies mentioned #
Further sources #
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