Upstart Origination Volume

January originations

$1,105M
39%
increased y/y
Origination days 25.5
$ per day $43.3M
Last updated on February 10, 2026.

Monthly originations

  Volume ($M)
  $ per day ($M)

“Origination days” represent the effective number of funding days in a month, based on a 24-hour funding window starting and ending at approximately 5:00 p.m. ET. Each business day counts as 1.0 day in our calculation. Weekend days and bank holidays are weighted at 0.55 days to reflect lower application activity and are rolled forward to the next business day, when those loans are typically funded. If month-end falls on a weekend or bank holiday, originations from that period are attributed to the following month.

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Note: “Originations” refers to Transaction Volume, Dollars. We define Transaction Volume, Dollars as the total principal of loan originations (or committed amounts for HELOCs) facilitated on our marketplace during the periods presented. 

Note: “Origination, Dollars per day” is calculated as total Originations divided by the number of “Origination days” in the applicable period.

ADDITIONAL INFORMATION & LEGAL DISCLOSURES

The Originations and Originations, Dollars per day data (“Originations Data”) provided on this page are unaudited, preliminary, and subject to completion of our financial closing procedures in connection with our quarterly financial results as reported in our filings with the Securities and Exchange Commission (“SEC”), which are also available on our Investor Relations website. While Originations Data have historically been the largest predictor of our total revenue, this historical correlation is not a guaranteed indicator for future final results.

The Originations Data are presented without commentary and should be read together with our quarterly and annual financial results and our filings with the SEC. We intend to release monthly Originations Data for the prior month on the third calendar day following each month.

FORWARD LOOKING STATEMENTS DISCLAIMER

This page contains forward-looking statements or information within the meaning of the federal securities laws. All forward-looking statements or information provided on this page are subject to risks and uncertainties that may cause actual results to differ materially from those that we expected. Any forward-looking statements or information on this page are only as of the date hereof. We undertake no obligation to update or revise any forward-looking statements or information as a result of new information, future events or otherwise, except as required by law. More information about these risks and uncertainties is provided in our public filings with the SEC, which are also available on our Investor Relations website.