# Upstart (UPST) — Earnings

UPST · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/upst/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 30, 2026 |
| EPS actual | $0.16 |
| EPS estimate | $0.19 |
| EPS surprise | −15.97% |
| Revenue surprise | +3.52% |
| Revenue | $364.7M |
| Revenue estimate | $352.3M |
| Reported | Aug 4, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/1647639/000164763926000063/upst-20260630.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/b6fcf61d-789c-d3cc-1c2f-f032fd17dbdc.html) |

Upstart reported Q2 2026 results on August 4, 2026. Earnings per share were $0.16, below the $0.19 estimate by 15.97%. Revenue of $364.7 million beat the $352.3 million consensus by 3.52% and was the highest in the table. Compared with Q2 2025, revenue rose about 42% from $257.3 million, while EPS fell from $0.36.

The table covers a full cycle. Revenue fell from $310.1 million in Q1 2022 to $102.9 million in Q1 2023, then recovered to new highs. Annual EPS went from $0.13 in 2022 to losses of $0.57 per share in 2023 and $0.28 in 2024, then to $1.67 in 2025. Annual revenue rose from $513.6 million in 2023 to $1.04 billion in 2025. Upstart had losses in nine of the last 20 quarters, most recently $0.07 per share in Q1 2026. It has missed the EPS estimate in each of the last three quarters, after eight beats in a row, and beat 14 times in 20 quarters overall.

Upstart reported Q3 between November 4 and November 9 in each of the past five years. That points to early November 2026 for the next report. It will show whether revenue growth carries through to earnings per share.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Aug 4, 2026 | $0.19 | $0.16 | -15.97% | $352.3M | $364.7M |
| Q1 2026 | May 5, 2026 | $0.39 | −$0.07 | -118.06% | $301.3M | $308.2M |
| Q4 2025 | Feb 10, 2026 | $0.46 | $0.46 | -0.98% | $288.5M | $296.1M |
| Q3 2025 | Nov 4, 2025 | $0.43 | $0.52 | 21.92% | $279.3M | $277.1M |
| Q2 2025 | Aug 5, 2025 | $0.25 | $0.36 | 41.51% | $225.4M | $257.3M |
| Q1 2025 | May 6, 2025 | $0.17 | $0.33 | 93.66% | $201.3M | $213.4M |
| Q4 2024 | Feb 11, 2025 | −$0.04 | $0.26 | 753.27% | $181.9M | $219.0M |
| Q3 2024 | Nov 7, 2024 | −$0.15 | −$0.06 | 59.13% | $149.3M | $162.1M |
| Q2 2024 | Aug 6, 2024 | −$0.39 | −$0.17 | 56.70% | $124.5M | $127.6M |
| Q1 2024 | May 7, 2024 | −$0.37 | −$0.31 | 15.67% | $125.0M | $127.8M |
| Q4 2023 | Feb 13, 2024 | −$0.14 | −$0.11 | 22.21% | $134.8M | $140.3M |
| Q3 2023 | Nov 7, 2023 | −$0.02 | −$0.05 | -159.07% | $139.7M | $134.6M |
| Q2 2023 | Aug 8, 2023 | −$0.07 | $0.06 | 187.59% | $135.2M | $135.8M |
| Q1 2023 | May 9, 2023 | −$0.75 | −$0.47 | 37.40% | $99.7M | $102.9M |
| Q4 2022 | Feb 14, 2023 | −$0.47 | −$0.25 | 47.17% | $133.6M | $146.9M |
| Q3 2022 | Nov 8, 2022 | −$0.08 | −$0.24 | -191.26% | $169.4M | $157.2M |
| Q2 2022 | Aug 8, 2022 | $0.07 | $0.01 | -85.16% | $241.6M | $228.2M |
| Q1 2022 | May 9, 2022 | $0.53 | $0.61 | 15.25% | $300.1M | $310.1M |
| Q4 2021 | Feb 15, 2022 | $0.51 | $0.89 | 75.20% | $262.9M | $304.8M |
| Q3 2021 | Nov 9, 2021 | $0.33 | $0.60 | 79.37% | $214.9M | $228.4M |

## Frequently Asked Questions

### When did Upstart (UPST) last report earnings?

Upstart last reported on Aug 4, 2026, covering fiscal Q2 2026.

### Did UPST beat earnings estimates?

No. Upstart reported EPS of $0.16 for Q2 2026 against a $0.19 estimate — a 15.97% miss.

### How much revenue did UPST report last quarter?

Upstart reported $364.7M in revenue for Q2 2026, against a consensus estimate of $352.3M.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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Data provided by [AInvest](https://www.ainvest.com).