Upstart Holdings, Inc. today published its monthly origination volume for June 2026, reporting total loan originations of $1,500.1M. The company, which operates an artificial intelligence lending marketplace, facilitated these transactions over 27.1 origination days, resulting in a daily average of $55.5M. This data serves as a key operating metric for the company, reflecting the total principal amount of loans facilitated through its platform.

For the second quarter of 2026, Upstart reported total originations of $4,227.2M over 78.4 origination days. The daily average for the quarter stood at $53.9M. The company defines "origination days" based on a 24-hour funding window, with business days counting as 1.0 day and weekends or holidays weighted at 0.55 days to account for lower activity.

June 2026 and Q2 2026 Performance

The following table details the origination volume for June 2026 and the second quarter of 2026:

Methodology and Definitions

Upstart calculates "Originations, Dollars per day" by dividing total originations by the number of origination days in the period. The metric "Originations" refers to Transaction Volume, Dollars, which represents the total principal amount of loan originations facilitated through the marketplace. This includes committed amounts for Home Equity Lines of Credit (HELOCs).

The company notes that weekends and bank holidays are rolled forward to the next business day for funding purposes. If a month-end falls on a weekend or holiday, originations from that period are attributed to the following month.

Data Availability and Disclaimer

The reported figures are unaudited and preliminary, subject to completion of Upstart's financial closing procedures. While historical origination data has been a strong predictor of total revenue, the company cautions that this correlation is not guaranteed for future results. Upstart intends to release monthly originations data on the third calendar day following each month, or the following business day if it falls on a weekend or holiday.

Upstart Holdings, Inc. (NASDAQ: UPST) updated the Upstart Macro Index (UMI) to include May 2026 data, reporting a rise to 1.49 from 1.43 in April. The index remains below the elevated levels observed in early 2024. The UMI estimates the impact of the macroeconomy on credit losses for Upstart-powered unsecured personal loans, expressed as a multiple of defaults relative to a static baseline due to macroeconomic changes.

Broader macroeconomic trends contextualized the recent movements in the index. The personal savings rate was 3.0% in May, flat with the level in April, as an increase in disposable personal income (+0.7%) was offset by an uptick in consumer spending (+0.7%). The unemployment rate was 4.3% in May, flat with the prior two months.

Revisions to UMI are posted weekly. Since the last monthly data release on May 28, 2026, UMI has been revised as follows:

A UMI of 1.25 for a given month suggests that the macro caused default rates to be 25% higher than the long-run average. Upstart’s risk models are regularly recalibrated to changing macroeconomic conditions, meaning a UMI above 1.0 does not imply loans are underperforming, nor does a UMI below 1.0 imply overperformance. The calibration adjusts loss assumptions, interest rates, and approval rates for new loan originations on the marketplace.

Upstart is an AI lending marketplace connecting consumers to banks and credit unions. Its platform includes personal loans, automotive retail loans, home equity lines of credit, and a revolving line of credit product. The company is based in Burlingame, California.