Upstart Holdings Inc. reported strong second-quarter results, exceeding revenue and earnings estimates. The company demonstrated significant year-over-year growth in originations, total revenue, and adjusted EBITDA, leading to a substantial rally in its stock during after-hours trading.
Upstart announced its Q2 2026 earnings, reporting 16 cents per share and $364.71 million in revenue, surpassing analyst estimates. Key highlights include a 50% YoY increase in originations to $4.2 billion and a 42% YoY rise in total revenue to $365 million. The company also returned to GAAP profitability and achieved an all-time high contribution profit, indicating strong operational performance and efficiency. This positive financial performance is a significant catalyst for the stock, driving a 12.6% increase in after-hours trading, suggesting a strong short-term positive sentiment for investors and traders.