Upstart expects $1.35B 2026 revenue and $260M adjusted EBITDA amid UMI up to 1.55 and Upstart Bank planned for early 2027

What happened: On its Q3 2026 earnings call, Upstart Holdings (UPST) management discussed contribution profit and product execution amid a worsening macro environment, and set out 2026 revenue and adjusted EBITDA expectations. Key numbers: 2026 revenue expected at $1.35B; 2026 adjusted EBITDA expected at $260M; UMI up to 1.55; Upstart Bank planned for early 2027; Q3 contribution profit $218M. Why it matters: Management framed contribution profit as its best single measure of profitable growth in new originations, and tied the quarter to product execution despite worsening macro conditions.

On its Q3 2026 earnings call, Upstart Holdings (UPST) management discussed contribution profit and product execution amid a worsening macro environment, and set out 2026 revenue and adjusted EBITDA expectations.

Management framed contribution profit as its best single measure of profitable growth in new originations, and tied the quarter to product execution despite worsening macro conditions.