Market cap
$3.0bn
Earnings yield vs 10-yr compares what the business earns per pound invested against the 4.73% a 10-year US Treasury note pays for no equity risk. Negative means you are paying up front for growth not yet delivered.
Open-market purchases and sales only. Grants, option exercises, gifts and shares withheld for tax are excluded: they are how people are paid, not what they think.
As of June 30, 2026, 51% of loans held on our balance sheet were for R&D purposes, primarily related to our seasoned auto refinance, auto retail loans and HELOCs, as well as newer products including small dollar loans and auto secured personal loans. These increases were primarily due to model improvements and product initiatives, which resulted in an increase in the number of qualified borrower demand. The increase in Originations, Number of Loans was higher than the increase in Originations, Dollars due to the decrease in average loan size, primarily as underwriting model improvements drove higher approval rates in smaller dollar categories of loans. …Upstart Holdings, Inc., 10-Q, period ended 2026-06-30, filed 2026-08-04