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Upstart posts record profit but cuts 2026 outlook; stock jumps 11% but still down 46% YTD.

04 Nov 2026, 22:02 WIB
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Upstart posts record profit but cuts 2026 outlook; stock jumps 11% but still down 46% YTD.

Upstart reported record contribution profit for Q3 2026, with revenue rising to $370.52 million and contribution profit up 48%. Despite this, the company lowered its full-year 2026 revenue and EBITDA guidance due to worsening borrower health and interest rate challenges. Shares rose 11% on the news but remain down 46% year-to-date. The stock's future depends heavily on credit conditions measured by Upstart's Macro Index, with Wall Street divided on whether this rally marks a bottom or a temporary pause.

Upstart shares gained 8.61% in one day but remain far from their 52-week high of $50.70. On Pluang, UPST trades at $23.21 with a market cap of $2.08 billion and a typical hold time of 40 days. These figures are current as of Nov 05, 2026 03:21 WIB.

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