---
title: "Upstart Stock Sinks After Q1 Earnings: Here's Why"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285271682.md"
description: "Upstart Holdings Inc. (NASDAQ:UPST) reported Q1 earnings, missing analyst estimates with adjusted earnings of 30 cents per share versus the expected 42 cents. Revenue was $308.21 million, exceeding estimates. Key highlights include a 77% increase in loan originations and a 44% rise in total revenue year-over-year. However, the company reported a loss from operations of $7.5 million. Following the earnings report, UPST stock fell 14.16% to $26.76 in after-hours trading."
datetime: "2026-05-05T21:25:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285271682.md)
  - [en](https://longbridge.com/en/news/285271682.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285271682.md)
---

# Upstart Stock Sinks After Q1 Earnings: Here's Why

**Upstart Holdings Inc.** (NASDAQ:UPST) reported first-quarter results after Tuesday’s closing bell, missing analyst earnings estimates.

Here's a look at the details inside the report. 

-   **UPST stock is moving.** Watch the price action here.

## **Upstart Q1 Details**       

Upstart reported adjusted quarterly earnings of 30 cents per share, which missed the consensus estimate of 42 cents by 28.57%.  Adjusted EPS excludes stock-based compensation expenses of 37 cents per share.

Quarterly revenue came in at $308.21 million, which beat the Street estimate of $303.68 million, according to Benzinga Pro data. 

Upstart reported the following first-quarter highlights:

-   **Transaction Volume:** 425,356 loans originated, up 77% year-over-year. Total originations were roughly $3.4 billion, up 61%.
-   **Total Revenue:** $308 million, up 44% year-over-year. Revenue from fees was $277 million, up 49% YoY.
-   **Loss from Operations:** $7.5 million, compared to a loss of $4.5 million in the first quarter of 2025.
-   **Adjusted EBITDA:** $40.5 million, down from $42.6 million in the first quarter of 2025. Adjusted EBITDA Margin was 13%, down from 20% in the first quarter of 2025.

**Read Also: Michael Burry Targets Palantir's Valuation (Again) As Stock Drops After Earnings**

“In Q1, we grew originations 61% and revenue 44% year-over-year — putting us comfortably on track to deliver on our full year outlook. We advanced our AI models, applied for a national bank charter, and grew rapidly in home and auto,” said **Paul Gu**, co-founder and CEO.

**UPST Stock Price:** According to data from Benzinga Pro, Upstart stock was down 14.16% to $26.76 in Tuesday's extended trading.  

_Photo: Shutterstock_

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