{"data":{"ticker":"UPST","slug":"upstart","name":"Upstart Holdings","exchange":"NASDAQ","sector":"Financial Services","headquarters":"San Mateo, California","ceo":"Paul Gu","employees":1405,"website":"https://www.upstart.com","founded":"2012","layers":[{"slug":"ai-saas","name":"AI Applications"}],"exposure":{"score":85,"tier":"Core","rationale":"Upstart earns fees by originating consumer loans for bank partners using its AI credit model in place of FICO based pricing. The entire thesis is that its models price risk better than incumbents, making the business an AI pure play exposed to credit cycles."},"quote":{"price":21.89,"change24hPct":-1.13,"change7dPct":-4.91,"change30dPct":-9.51,"change1yPct":-43.29,"high52w":50.7,"low52w":21.31,"marketCap":2165110528,"peRatio":35.89,"eps":0.61,"volume24h":100081846},"nextEarningsDate":"2026-11-03","summary":"Upstart Holdings is an AI lending platform. It earns fees by originating consumer loans for bank partners, using its own machine learning credit model to price risk instead of traditional FICO-based scoring. The bet is that its models judge creditworthiness more accurately than incumbent methods.","explainer":["Upstart Holdings is an AI lending platform. It earns fees by originating consumer loans for bank partners, using its own machine learning credit model to price risk instead of traditional FICO-based scoring. The bet is that its models judge creditworthiness more accurately than incumbent methods.","The AI credit model is the product. Around it sit Upstart Auto Retail, which brings the same lending approach to car purchases, and AI-powered fraud detection that protects the origination process.","Founded in 2012 and headquartered in San Mateo, California, Upstart trades on the NASDAQ, employs roughly 1,500 people, and is led by CEO Paul Gu."],"buildoutRole":"Upstart sits in the AI Applications layer as one of the clearest applications of AI to a large existing market. Its entire business is the claim that machine learning prices consumer credit better than FICO-based models, so the company rises or falls with its models' performance. That makes it an AI pure play, though one heavily exposed to credit cycles and funding conditions. Supercycle scores its AI exposure at 85 out of 100.","faq":[{"q":"What does Upstart Holdings do?","a":"Upstart originates consumer loans for bank partners using its AI credit model in place of FICO-based pricing. It earns fees on originations and extends the approach to auto lending through Upstart Auto Retail."},{"q":"How is Upstart Holdings exposed to AI?","a":"Almost entirely. Supercycle scores it 85 out of 100. The whole thesis is that its machine learning models price credit risk better than incumbents, making the business an AI pure play exposed to credit cycles."},{"q":"Is UPST a pure play AI stock?","a":"Yes by Supercycle's assessment. The lending business exists because of its AI credit model, which earns it a score of 85 out of 100. Its results still swing with consumer credit conditions."},{"q":"What are Upstart's main products?","a":"The core AI lending model used by bank partners, Upstart Auto Retail for car financing, and AI-powered fraud detection. All revolve around pricing and originating consumer credit with machine learning."},{"q":"Where is Upstart headquartered and who leads it?","a":"Upstart Holdings is headquartered in San Mateo, California, and led by CEO Paul Gu. The company was founded in 2012, trades on the NASDAQ, and employs roughly 1,500 people."}],"history1y":[{"date":"2026-09-28","close":23.03},{"date":"2026-09-29","close":23.14},{"date":"2026-09-30","close":22.99},{"date":"2026-10-01","close":22.95},{"date":"2026-10-02","close":22.81},{"date":"2026-10-05","close":24.35},{"date":"2026-10-06","close":23.86},{"date":"2026-10-07","close":24.02},{"date":"2026-10-08","close":24.19},{"date":"2026-10-09","close":24.1},{"date":"2026-10-12","close":23.75},{"date":"2026-10-13","close":23.83},{"date":"2026-10-14","close":22.74},{"date":"2026-10-15","close":24.75},{"date":"2026-10-16","close":23.56},{"date":"2026-10-19","close":23.25},{"date":"2026-10-20","close":23.65},{"date":"2026-10-21","close":23.66},{"date":"2026-10-22","close":23.85},{"date":"2026-10-23","close":23.78},{"date":"2026-10-26","close":23},{"date":"2026-10-27","close":23.71},{"date":"2026-10-28","close":24.14},{"date":"2026-10-29","close":24.84},{"date":"2026-10-30","close":23.02},{"date":"2026-11-02","close":21.31},{"date":"2026-11-03","close":21.37},{"date":"2026-11-04","close":23.38},{"date":"2026-11-05","close":22.14},{"date":"2026-11-06","close":21.89}],"incomeStatements":[{"ticker":"UPST","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","revenue":1023985000,"cost_of_revenue":0,"gross_profit":0,"operating_expense":0,"operating_income":0,"net_income":53601000,"earnings_per_share":0.45,"earnings_per_share_diluted":0.45,"research_and_development":0,"selling_general_and_administrative_expenses":743624000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"UPST","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","revenue":628834000,"cost_of_revenue":0,"gross_profit":0,"operating_expense":0,"operating_income":0,"net_income":-128581000,"earnings_per_share":-1.44,"earnings_per_share_diluted":-1.44,"research_and_development":0,"selling_general_and_administrative_expenses":555731000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"UPST","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","revenue":508119000,"cost_of_revenue":0,"gross_profit":0,"operating_expense":0,"operating_income":0,"net_income":-240132000,"earnings_per_share":-2.87,"earnings_per_share_diluted":-2.87,"research_and_development":0,"selling_general_and_administrative_expenses":489949000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0},{"ticker":"UPST","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","revenue":837760000,"cost_of_revenue":0,"gross_profit":0,"operating_expense":0,"operating_income":0,"net_income":-108665000,"earnings_per_share":-1.31,"earnings_per_share_diluted":-1.31,"research_and_development":0,"selling_general_and_administrative_expenses":719060000,"interest_expense":0,"income_tax_expense":0,"weighted_average_shares_diluted":0}],"balanceSheets":[{"ticker":"UPST","report_period":"2025-12-31","fiscal_period":"2025-FY","period":"annual","currency":"USD","total_assets":2974805000,"current_assets":0,"cash_and_equivalents":657445000,"total_liabilities":2175990000,"current_liabilities":0,"total_debt":1850294000,"shareholders_equity":798815000,"retained_earnings":-357556000},{"ticker":"UPST","report_period":"2024-12-31","fiscal_period":"2024-FY","period":"annual","currency":"USD","total_assets":2366958000,"current_assets":0,"cash_and_equivalents":793607000,"total_liabilities":1733740000,"current_liabilities":0,"total_debt":1452446000,"shareholders_equity":633218000,"retained_earnings":-411157000},{"ticker":"UPST","report_period":"2023-12-31","fiscal_period":"2023-FY","period":"annual","currency":"USD","total_assets":2017100000,"current_assets":0,"cash_and_equivalents":377324000,"total_liabilities":1381795000,"current_liabilities":0,"total_debt":1102748000,"shareholders_equity":635305000,"retained_earnings":-282576000},{"ticker":"UPST","report_period":"2022-12-31","fiscal_period":"2022-FY","period":"annual","currency":"USD","total_assets":1936054000,"current_assets":0,"cash_and_equivalents":432413000,"total_liabilities":1263619000,"current_liabilities":0,"total_debt":1087181000,"shareholders_equity":672435000,"retained_earnings":-42444000}],"holders13f":[],"news":[{"title":"Upstart Stock Jumps On Earnings Beat As Full Year Outlook Is Cut","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/upstart-stock-jumps-earnings-beat-081324610.html?.tsrc=rss","date":"2026-11-05"},{"title":"Is Upstart Holdings (UPST) Stock Reasonable After Record Contribution Profit?","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/upstart-holdings-upst-stock-reasonable-211736787.html?.tsrc=rss","date":"2026-11-04"},{"title":"Upstart Is Still Down 46% This Year: Did Today Just Mark the Bottom for UPST Stock?","source":null,"url":"https://247wallst.com/investing/2026/11/04/upstart-is-still-down-46-this-year-did-today-just-mark-the-bottom-for-upst-stock/?.tsrc=rss","date":"2026-11-04"},{"title":"83% Upside for Upstart? B. Riley Thinks So, and Here’s How","source":null,"url":"https://www.tikr.com/blog/83-upside-for-upstart-b-riley-thinks-so-and-heres-how?ref=yahoofinance&tlnk=yf-261104-5f7g7w67&.tsrc=rss","date":"2026-11-04"},{"title":"Upstart (UPST) Q3 2026 Earnings Call Transcript","source":null,"url":"https://www.fool.com/earnings/call-transcripts/2026/11/04/upstart-upst-q3-2026-earnings-call-transcript/?.tsrc=rss","date":"2026-11-04"},{"title":"UPST Q3 Earnings Call Highlights Macro Risks and Revised Outlook","source":null,"url":"https://finance.yahoo.com/markets/stocks/articles/upst-q3-earnings-call-highlights-142000849.html?.tsrc=rss","date":"2026-11-04"},{"title":"Upstart Holdings, Inc. Q3 2026 Earnings Call Summary","source":null,"url":"https://app.moby.co/home/research/tools/earningsCalendar/earnings-upstart-holdings-inc-q3-2026-earnings-call-summary?utm_source=yahoo_finance&utm_medium=rss&.tsrc=rss","date":"2026-11-04"},{"title":"3 Key Takeaways From Upstart's Latest Report","source":null,"url":"https://www.fool.com/investing/2026/11/03/3-key-takeaways-from-upstart-s-latest-report/?.tsrc=rss","date":"2026-11-03"}]},"meta":{"version":"v1","asOf":"2026-11-06","builtAt":"2026-11-08T15:24:45.749Z","tier":"free","source":"https://supercyclehq.com/stock/upstart","disclaimer":"Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.","license":"Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."},"links":{"self":"https://supercyclehq.com/api/v1/stocks/UPST","html":"https://supercyclehq.com/stock/upstart","md":"https://supercyclehq.com/stock/upstart.md","docs":"https://supercyclehq.com/api/v1/openapi.json"}}