Upstart Holdings Projects $1.35B Revenue for 2026 and Plans Bank Launch for 2027
Upstart Holdings (UPST) has provided long-term financial guidance, forecasting $1.35 billion in revenue and $260 million in adjusted EBITDA for the fiscal year 2026. The company is also preparing for a strategic expansion with the planned launch of 'Upstart Bank' in early 2027. During the Q3 earnings call, CEO Paul Gu highlighted that contribution profit reached $218 million, which he identified as a key metric for profitable growth in new originations. Despite facing a challenging macroeconomic environment, management attributed recent performance to strong product execution and increasing fee revenue.
Tickers: $UPST
Topics: contribution profit earnings report macroeconomic conditions revenue growth
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Part of the story Upstart Holdings Projects $1.35B Revenue for 2026 and Plans Bank Launch for 2027 (2 articles)