Upstart reports September loan originations of $1.38 billion and a lower macro risk index
Upstart Holdings disclosed that it originated $1.378 billion in loans during September 2026, a 2.7% rise from August and bringing Q3 total originations to $4.1178 billion. The company also said its proprietary Upstart Macro Index slipped to 1.49 on October 5, 2026, indicating default risk about 49% above a normal‑economy benchmark. Daily loan volume averaged $53.1 million over 25.95 funding days, up from $50.7 million per day in August. The news lifted the stock 6.2% in afternoon trading.
Why it matters
The company notes that a lower macro risk index may encourage capital partners to fund more loans, potentially boosting Upstart’s high‑margin loan‑facilitation fees. The share price reaction shows investors view the data as positive but not a fundamental shift in the business outlook.
Key facts
- 1September 2026 loan originations were $1,378.3 million. financialcontent.com
- 2Q3 2026 cumulative originations reached $4,117.8 million. financialcontent.com
- 3The Upstart Macro Index was 1.49 on October 5, 2026. financialcontent.com
- 4Daily loan volume in September averaged $53.1 million across 25.95 funding days. financialcontent.com
- 5Daily loan volume in August averaged $50.7 million. financialcontent.com
- 6Shares rose 6.2% after the release. financialcontent.com
Summary written by AlphAI from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.