Upstart Holdings, Inc.
Upstart Corrects Diluted Adjusted Net Income (Loss) Per Share
Summary
On August 5, 2025, Upstart Holdings, Inc. corrected its previously reported diluted Adjusted Net Income (Loss) Per Share for the three and six months ended June 30, 2025. The corrected figures are $0.40 and $0.70 for the three and six months respectively, up from the initially reported $0.36 and $0.62. This correction does not affect other financial results for the quarter or the Company's financial outlook for the fiscal quarter ending September 30, 2025. Upstart also announced strong financial results for Q2 2025, including significant increases in transaction volume and total revenue, a transition to GAAP profitability, and improved financial metrics.
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About Upstart Holdings, Inc.
Upstart Holdings, Inc. is a financial technology company that operates an artificial intelligence (AI)-driven lending platform. This platform’s primary function is to assess and automate the borrowing process, thereby enhancing the efficiency and accessibility of personal loans. By leveraging a sophisticated AI model, Upstart aims to provide a more accurate assessment of a borrower’s creditworthiness compared to traditional credit scoring methods. This approach allows for broader criteria in the underwriting process, which can lead to improved access to credit for individuals who might otherwise be overlooked. Upstart partners primarily with banks and credit unions, facilitating loans that often come with competitive rates due to the company’s innovative risk assessment capabilities. Headquartered in San Mateo, California, and founded in 2012, Upstart Holdings plays a significant role in the fintech industry by bridging the gap between consumers in need of loan products and financial institutions seeking to optimize their lending processes. Its platform highlights the potential for AI to transform financial services, impacting a range of sectors from consumer finance to banking infrastructure.
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