Upstart Reports Q3 2026 Growth in Originations and Revenue Amidst Macroeconomic Headwinds
Upstart (UPST) reported strong third-quarter results for 2026, with total revenue rising 34% year-over-year to $371 million. This growth was primarily driven by a 44% surge in loan originations, totaling $4.1 billion, fueled by significant expansion in secured lending and core personal loans. The company achieved an all-time high contribution profit of $218 million, reflecting improved unit economics across both unsecured and secured categories. Despite the strong quarterly performance, Upstart issued a cautious outlook for the full year. Management revised its annual revenue guidance downward to approximately $1.35 billion from a previous $1.4 billion forecast, citing macroeconomic headwinds affecting balance sheet fair values. Additionally, full-year adjusted EBITDA guidance was lowered to $260 million due to interest rate pressures on net interest income.
Tickers: $UPST
Topics: guidance revision macroeconomic headwinds originations revenue growth
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