Upstart Cuts 2026 Revenue Outlook to $1.35 Billion as Its Credit-Risk Measure Rises

Upstart Holdings, Inc. cut its 2026 revenue forecast to about $1.35 billion on Nov. 3 as weaker income from loans and investments it holds outweighed a higher fee revenue projection. The company previously expected about $1.4 billion in revenue for the year. It also lowered its adjusted EBITDA target to approximately $260 million from $294 million, reducing the projected margin to 19% from 21%. Adjusted EBITDA excludes interest, taxes, depreciation and amortization and includes other adjustments. Upstart raised its fee revenue forecast to about $1.32 billion from $1.3 billion.

Source: TokenPost