AI lending platform Upstart reports Q2 revenue of $364.7M, beating forecasts, while GAAP EPS falls short by $0.03.
Upstart Holdings reported Q2 GAAP earnings per share of $0.16, missing estimates by $0.03. Revenue reached $364.7 million, up 41.9% year-over-year and exceeding expectations by $12.47 million.
Loan originations surged 50% YoY to $4.2 billion, with 558,014 loans issued. The company reaffirmed its full-year 2026 guidance, projecting $1.4 billion in total revenue and $294 million in adjusted EBITDA.
Shares rose 6% in after-hours trading following the release.