Upstart says Q2 2026 profit rebound driven by 27% jump in core personal loan originations and higher unsecured margins
UPST•Q2 2026 results show stronger originations, margins and profit
- Upstart’s fiscal Q2 2026 results reflected faster Core personal-loan growth, improved unit economics, and lower balance-sheet usage.
- Total originations reached USD 4.2 billion, up 23% sequentially; revenue rose 18% to about USD 365 million, led by fee revenue.
- Contribution Profit climbed 41% sequentially to USD 193 million; Contribution Margin improved to 55% from 50% as take rates rose.
- Unsecured Contribution Margin increased to 62% from 56% on higher Core mix and lower acquisition cost; Secured margin improved to -35% from -96%.
- Net income was about USD 17 million; loans held were USD 1.06 billion, about 5.9% of loans outstanding; guidance for USD 1.4 billion revenue was reiterated.
