Upstart stock falls 5.85 percent despite Q2 profit

Published on 09/24/2026 at 09:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Upstart stock posted USD 364.71 million in Q2 revenue, up 41.75 percent year over year. GAAP net income reached USD 16.5 million after USD 5.6 million a year earlier, while EPS was USD 0.16 versus USD 0.18 consensus.

UPST, US91680M1071, Illustration mit AI erstellt.

Upstart Holdings (ISIN US91680M1071) stock stood at USD 24.45 on Nasdaq on September 23, 2026, down 5.85 percent from the prior close. The decline came despite a return to quarterly GAAP profitability and revenue growth of 41.75 percent year over year.

Q2 revenue reaches USD 364.71 million

In Q2 2026, revenue reached USD 364.71 million, compared with USD 240.8 million in Q2 2025, according to TIKR. The result shows that Upstart expanded operating volume even as the share price moved sharply lower.

Contribution profit reached USD 193 million, and loan originations reached USD 4.2 billion, up 50 percent year over year, the same TIKR report said. For investors, the key distinction is between improving business scale and the market's willingness to value that improvement.

Profit returns but EPS misses

GAAP net income reached USD 16.5 million in Q2 2026, versus USD 5.6 million in Q2 2025, according to MarketBeat. That earnings comparison is positive, but diluted EPS of USD 0.16 missed consensus of USD 0.18, keeping the quarter from becoming a clean expectations beat.

The combination matters because revenue exceeded the consensus figure of USD 354.74 million while EPS fell short, according to MarketBeat. The split between top-line growth and per-share earnings helps explain why strong operating figures did not prevent the September 23 price decline.

Price stays near yearly low

At USD 24.45 on September 23, Upstart stock was USD 0.49 above its 52-week low of USD 23.96, or 2.04 percent higher, while the 52-week high stood at USD 64.15. Its market capitalization was USD 2,340,148,620 on the same date.

The range puts the latest price near the bottom of its yearly span rather than near the high. The market is therefore distinguishing between the Q2 improvement in revenue and profit and the still demanding path toward more consistent per-share earnings.

Nasdaq price reflects the split signal

Upstart stock stood at USD 24.45 on Nasdaq on September 23, 2026, after a daily decline of 5.85 percent. The next valuation signal will depend on whether revenue growth and renewed profitability can translate into earnings that meet or exceed consensus.