Upstart Holdings Inc 2026年季度报告

FORM 10-Q/A Amendment No. 1 QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period ended June30, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_________to ________Commission File Number: 001-39797 Upstart Holdings, Inc.(Exact name of registrant as specified in its charter) _________________________ 46-4332431(I.R.S. EmployerIdentification No.) Delaware(State or other jurisdiction of incorporation or organization) Upstart Holdings, Inc.220 Park Road, Suite 500Burlingame, CA 94010(Address of principal executive offices, including zip code)(833) 212-2461(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class:Trading SymbolName of each exchange on which registered:Common Stock, par value $0.0001 per shareUPSTNasdaq Global Select Market Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of theExchange Act. Large accelerated filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ As of July28, 2026 there were 97,313,046 shares of the registrant’s common stock outstanding. Explanatory Note This Amendment No. 1 on Form 10-Q/A (“Amendment”) amends the Quarterly Report on Form 10-Q for Upstart Holdings, Inc. (“Company”) for the period ended June30, 2026 filed with the Securities and Exchange Commission on August 4, 2026 (the “Original Form 10-Q”) to revise Part II, Item 1A, Risk Factors solely to correct atypographical error. The Company is amending its Original Form 10-Q to replace the fourth sentence in the last paragraph on page 92 with the following: “For example, as of June 30, 2026,the quarterly vintages of all personal loans excluding small dollar loans that originated in the second quarter of 2023 through the first quarter of 2024 and the fourthquarter of 2024 are forecasted to underperform relative to their target returns set at the time of loan origination.”In the Original Form 10-Q, the Company incorrectly referred to the time period "fourth quarter of 2025" in that sentence when, in fact, the time period should have been “fourth quarter of 2024” as correctly stated in the Credit Performance section of the Management’s Discussion and Analysis of Financial Condition and Results ofOperations. Except for the items described above or contained in this Amendment, this Amendment speaks as of the original filing date of the Original Form 10-Q, and does notmodify, amend or update any other item or disclosures in the Original Form 10-Q. Upstart Holdings, Inc.FORM 10-QTABLE OF CONTENTS Page Glossary of Terms and AcronymsSpecial Note Regarding Forward-Looking Statements PART I. FINANCIAL INFORMATIONItem 1.Financial StatementsCondensed Consolidated Balance SheetsCondensed Consolidated Statements of Operations and Comprehensive IncomeCondensed Consolidated Statements of Stockholders’ EquityCondensed Consolidated Statements of Cash FlowsNotes to the Condensed Consolidated Financial StatementsNote 1. Description of Business and Significant Accounting PoliciesNote 2. RevenueNote 3. Variable Interest EntitiesNote 4. Beneficial InterestsNote 5. Fair Value MeasurementNote 6. Goodwill and Intangible AssetsNote 7. Balance Sheet ComponentsNote 8. BorrowingsNote 9. Stockholders' EquityNote 10. LeasesNote 11. Commitments and ContingenciesNote 12. Income TaxesNote 13. Net Income Per ShareNote 14. Segment InformationNote 15. Subsequent EventsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations Item 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and Procedures PART