Upstart is trading at $34.23 (12.9% up) after reporting a sharp rebound in profitability and growth in its Q2 2026 results.
- Q2 revenue rose 42% year-over-year to approximately $365 million, driven by a 50% surge in loan originations to $4.2 billion.
- The company returned to GAAP profitability and reaffirmed its full-year 2026 revenue guidance of approximately $1.4 billion.
- Investors were encouraged by a stronger marketplace model and significantly lower balance sheet risk.