On August 5, Upstart Holdings, Inc. rose 10.98% overnight, trading at $33.66 per share. The rally was driven by the company's Q2 earnings report, which showed revenue and adjusted EPS exceeding market consensus.
Upstart reported Q2 revenue of $364.7 million, beating the analyst estimate of $351.5 million, representing approximately 56% year-over-year growth. Adjusted EPS came in at $0.56, surpassing the consensus estimate of $0.53 by 5.66%, and marking a 55.56% increase from $0.36 in the year-ago quarter. Q2 loan originations reached $4.23 billion with average daily originations of $53.9 million, underscoring continued platform scale expansion. The company maintained full-year 2026 revenue guidance of approximately $1.4 billion. Additionally, Upstart recently secured conditional OCC approval to establish Upstart Bank and signed a $4 billion forward-flow loan purchase agreement with Castlelake, further strengthening its funding capabilities.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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