The AI lending platform Upstart Holdings, Inc. disclosed its monthly origination data for May 2026 on June 3rd. The figures reveal the company facilitated approximately $1.4533 billion in total loan originations for the month. Based on 25 effective origination days, the daily average reached $58.2 million.

According to the company's announcement, May consisted of 25.0 origination days. The company's methodology counts each business day as 1.0 day, while weekends and bank holidays are weighted at 0.55 days to reflect relatively lower application activity.

This performance continues the robust growth momentum Upstart Holdings, Inc. demonstrated in the first quarter of 2026. Per the company's earlier financial report, Q1 total loan originations were around $3.4 billion, marking a 61% year-over-year increase. Transaction volume reached 425,356, up 77% from the prior year. First-quarter revenue was $308 million, a 44% increase that surpassed market expectations of $303 million.

However, the company's rapid expansion is accompanied by profit pressures. Sales and marketing expenses in Q1 nearly doubled to $104.4 million. The GAAP operating loss widened to $7.5 million from $4.5 million in the same period last year. The adjusted EBITDA margin contracted to 13% from 20%.

Despite these profitability challenges, Upstart Holdings, Inc. is making headway in diversifying its business. Auto loan originations in Q1 surged by over 300% year-over-year, while home loan originations grew by approximately 250%. Furthermore, the company applied for a national bank charter in March and has secured over $4 billion in capital commitments, providing a foundation for continued expansion.

Upstart Holdings, Inc. continues to publish monthly origination data on its investor relations website for market reference. The company has reaffirmed its full-year 2026 guidance of approximately $1.4 billion in revenue and around $294 million in adjusted EBITDA.