Upstart Reports Q1 2026 Net Loss of $6.65M, EPS ($0.07), Despite 44% Revenue Growth
UPST sits 17% above its 52-week low of $23.965.
Summary
Upstart Holdings reported a net loss of $6.65 million, or ($0.07) diluted EPS, for Q1 2026. This marks a significant reversal from the company's return to profitability in fiscal year 2025, as highlighted in its recent 10-K filing. While revenue grew robustly by 44.4% year-over-year to $308.21 million, driven by increased transaction volume and fee revenue, the net loss widened compared to the prior year quarter. This indicates potential challenges in managing costs or loan performance despite strong top-line growth. Traders will be closely watching for further details on profitability trends and the impact of macro risks on loan performance, especially given the elevated Upstart Macro Index (UMI) mentioned in the report.
At the time of this announcement, UPST was trading at $28.02 on NASDAQ in the Technology sector, with a market capitalization of approximately $3B. The 52-week trading range was $23.97 to $87.30. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Wiseek News.