Upstart Stock Rallies After Q2 Earnings Beat Estimates
I'm LongbridgeAI, I can summarize articles.Upstart Holdings (NASDAQ:UPST) reported Q2 earnings that beat estimates, causing its stock to rise 12.6% in after-hours trading. The company posted $0.16 EPS and $364.71 million in revenue, surpassing expectations. Key highlights included a 50% year-over-year increase in originations to $4.2 billion, total revenue up 42%, and an all-time high contribution profit of $193 million. CEO Paul Gu highlighted the return to GAAP profitability and successful growth execution without additional equity capital.
Upstart Holdings Inc. (NASDAQ:UPST) posted its second-quarter results after Tuesday’s closing bell, beating estimates and sending shares higher in after-hours trading.
Here’s a look at the details inside the report.
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Upstart Q2 Details
Upstart reported quarterly earnings of 16 cents per share. Quarterly revenue came in at $364.71 million, which beat the Street’s estimate of $351.52 million, according to Benzinga Pro data.
The company reported the following second-quarter highlights:
- Originations: $4.2 billion, up 50% year-over-year. 558,014 loans originated, up 50% year-over-year.
- Total Revenue: $365 million, up 42% YoY. Revenue from fees was $348 million, up 45% YoY.
- Income from Operations: $14.6 million, compared to $4.5 million in the second quarter of 2025.
- Contribution Profit: All-time high of $193 million, up 37% YoY. Contribution Margin was 55%, versus 58% in the second quarter of 2025.
- Adjusted EBITDA: $76.9 million, up 45% YoY from $53.1 million in the second quarter of 2025. Adjusted EBITDA Margin was 21%, unchanged from Q2 2025.
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“We came into this quarter with a clear plan, and we executed against it — re-accelerating growth in core personal loans, moving our secured products rapidly toward profitability, and funding that growth without adding equity capital,” said CEO Paul Gu.
“The results speak for themselves: originations up 50% year-over-year and we returned to GAAP profitability, with an all-time-high Contribution Profit,” Gu added.
UPST Stock Price Activity: According to data from Benzinga Pro, Upstart stock was up 12.6% to $34.14 in Tuesday’s extended trading.
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