News & Events zu Upstart Holdings Inc (UPST)UPSTUpstart Holdings Inc

Q2 Revenue of $364.71M Exceeds Expectations

Reports Q2 revenue $364.71M, consensus $351.52M. "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," said Paul Gu, Co-founder and CEO. "We've built a technology advantage that keeps compounding, and we've barely scratched the surface of the opportunity in front of us."

Upstart Holdings Signs $4B Loan Agreement with Castlelake

Upstart Holdings announced a new multi-year forward-flow agreement with Castlelake. Under the agreement, Castlelake-managed funds have agreed to purchase up to $4B of consumer loans originated on the Upstart platform over up to 24 months through a new forward-flow arrangement. This agreement represents the largest program between the two companies to date and builds on prior transactions dating back to 2023.

Upstart Holdings Receives Conditional Approval to Establish Upstart Bank

The company states: "Upstart Holdings announced that the Office of the Comptroller of the Currency has granted conditional approval for the company to establish Upstart Bank, N.A. The charter would allow Upstart to reduce operational, regulatory, and financial complexity for itself as well as for its third-party capital partners. The conditional approval follows Upstart's application, submitted in March 2026, and represents a key milestone toward operating the first nationally chartered bank built from the ground up with AI-powered underwriting."