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.