🔴 Upstart is trading 5% down in pre-market after lowering full-year revenue and adjusted EBITDA forecasts

Upstart is trading 5% down at $20.25 in pre-market after lowering its full-year revenue and adjusted EBITDA outlooks, citing macroeconomic pressure on the near-term outlook.

• Third-quarter results reported November 3, 2026: revenue was $371 million and originations were $4.1 billion, both above expectations.
• Full-year total revenue outlook fell to approximately $1.35 billion from $1.40 billion; adjusted EBITDA outlook fell to $260 million from $294 million.
• No volume information was provided.