{"success":true,"data":{"pressRelease":{"id":"26978","rtpr_id":"nPn7DJCxsa","ticker":"UPST","exchange":"NASDAQ","all_tickers":["UPST"],"title":"Robbins LLP Reminds UPST Investors of the Pending Class Action Lawsuit; Harmed Investors Should Contact the Firm for Information About Leading the Class Action Against Upstart Holdings, Inc.","author":"PR Newswire","published_at":"2026-05-07T21:36:00.049Z","article_body":"Robbins LLP Reminds UPST Investors of the Pending Class Action Lawsuit; Harmed Investors Should Contact the Firm for Information About Leading the Class Action Against Upstart Holdings, Inc.\n\nPR Newswire\n\nSAN DIEGO, May 7, 2026\n\nSAN DIEGO, May 7, 2026 /PRNewswire/ -- Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=3447298651&u=https%3A%2F%2Frobbinsllp.com%2Fupstart-holdings-inc%2F&a=Robbins+LLP)\nreminds stockholders that a class action was filed on behalf of all investors\nwho purchased or otherwise acquired Upstart Holdings, Inc. (NASDAQ: UPST)\nsecurities between May 14, 2025 and November 4, 2025. Upstart, together with\nits subsidiaries, operates a cloud-based artificial intelligence (\"AI\")\nlending platform in the U.S.\n\n(https://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.html)\n\nWhat is the class period? May 14, 2025 – November 4, 2025\n\nFor more information, submit a form\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=305003178&u=https%3A%2F%2Frobbinsllp.com%2Fupstart-holdings-inc%2F&a=form)\n, email (mailto:adumas@robbinsllp.com) attorney Aaron Dumas, Jr., or give us a\ncall at (800) 350-6003.\n\nWhat are the allegations? Robbins LLP is Investigating Allegations that\nUpstart Holdings, Inc. (UPST) Misled Investors Regarding its Business\nProspects.\n\nAccording to the complaint, in early May 2025, Upstart launched the latest\niteration of its AI model, referred to as \"Model 22\". At all relevant times,\ndefendants touted the purported accuracy of Model 22, claiming that it was\nincreasing loan approval rates and, accordingly, the Company's revenues and\ngrowth. For example, in February 2025, Upstart issued financial guidance for\nthe full year (\"FY\") of 2025, including, inter alia, revenue of approximately\n$1 billion, which included revenue from fees of approximately $920 million. In\nMay 2025, defendants slightly raised the foregoing guidance to revenue of\napproximately $1.01 billion, which still included revenue from fees of\napproximately $920 million. Then, in August 2025, defendants substantially\nraised the foregoing guidance to revenue of approximately $1.055 billion,\nwhich included revenue from fees of approximately $990 million – $70 million\nmore than previously projected – citing improvements in performance driven\nby Model 22.\n\nPlaintiff alleges that during the class period, defendants failed to disclose\nthat: (i) Model 22 frequently overreacted to negative macroeconomic signals in\nperforming its risk-separation processes; (ii) accordingly, Model 22's\noverall accuracy and propensity to increase loan approval rates were\noverstated; and (iii) Model 22's overly conservative assessment of credit and\nmacroeconomic conditions was having a significant negative impact on Upstart's\nrevenue results, rendering the Company's previously issued FY 2025 revenue\nguidance unreliable and/or unrealistic.\n\nThe complaint alleges that Upstart reported its financial results for the\nthird quarter of 2025 on November 4, 2025, reporting. inter alia, Q3 2025\nrevenue of $277 million, missing its previously issued Q3 2025 revenue\nguidance of approximately $280 million, as well as consensus estimates by\n$2.62 million. Upstart also reported that it expected to generate revenue of\nonly $288 million in the fourth quarter of 2025, significantly below consensus\nestimates of $303.7 million. Further, Upstart negatively revised its FY 2025\nrevenue guidance to approximately $1.035 billion, versus the $1.06 billion\nconsensus estimate and its prior guidance of approximately $1.055 billion, as\nwell as its expected FY 2025 revenue from fees, which it reduced to\napproximately $946 million from its prior outlook of approximately $990\nmillion. On this news, Upstart's stock price fell $4.49 per share, or 9.71%,\nto close at $41.75 per share on November 5, 2025.\n\nWhat can shareholders do now? You may be eligible to participate in the class\naction against Upstart Holdings, Inc. Shareholders who wish to serve as lead\nplaintiff for the class must submit their papers to the court by June 8, 2026.\nThe lead plaintiff is a representative party who acts on behalf of other class\nmembers in directing the litigation. You do not have to participate in the\ncase to be eligible for a recovery. If you choose to take no action, you can\nremain an absent class member. For more information, click here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=2175203368&u=https%3A%2F%2Frobbinsllp.com%2Fupstart-holdings-inc%2F&a=here)\n.\n\nAll representation is on a contingency fee basis. Shareholders pay no fees or\nexpenses.\n\nAbout Robbins LLP: A recognized leader in shareholder rights litigation, the\nattorneys and staff of Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=534197752&u=https%3A%2F%2Frobbinsllp.com%2F&a=%C2%A0Robbins+LLP)\nhave been dedicated to helping shareholders recover losses, improve corporate\ngovernance structures, and hold company executives accountable for their\nwrongdoing since 2002.\n\nTo be notified if a class action against Upstart Holdings, Inc. settles or to\nreceive free alerts when corporate executives engage in wrongdoing, sign up\nfor Stock Watch\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=2425389006&u=https%3A%2F%2Frobbinsllp.com%2Fstock-watch%2F&a=Stock+Watch)\n today.\n\nAttorney Advertising. Past results do not guarantee a similar outcome.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/robbins-llp-reminds-upst-investors-of-the-pending-class-action-lawsuit-harmed-investors-should-contact-the-firm-for-information-about-leading-the-class-action-against-upstart-holdings-inc-302766177.html\n(https://www.prnewswire.com/news-releases/robbins-llp-reminds-upst-investors-of-the-pending-class-action-lawsuit-harmed-investors-should-contact-the-firm-for-information-about-leading-the-class-action-against-upstart-holdings-inc-302766177.html)\n\nSOURCE Robbins LLP\n\n\n\nAaron Dumas, Jr., Robbins LLP, 5060 Shoreham Pl., Ste. 300, San Diego, CA 92122, adumas@robbinsllp.com, (800) 350-6003, www.robbinsllp.com|\n\nPhoto: \nhttps://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn7DJCxsa","title":"Robbins LLP Reminds UPST Investors of the Pending Class Action Lawsuit; Harmed Investors Should Contact the Firm for Information About Leading the Class Action Against Upstart Holdings, Inc.","author":"PR Newswire","ticker":"UPST","created":"2026-05-07T21:36:00.049Z","tickers":["UPST"],"exchange":"NASDAQ","article_body":"Robbins LLP Reminds UPST Investors of the Pending Class Action Lawsuit; Harmed Investors Should Contact the Firm for Information About Leading the Class Action Against Upstart Holdings, Inc.\n\nPR Newswire\n\nSAN DIEGO, May 7, 2026\n\nSAN DIEGO, May 7, 2026 /PRNewswire/ -- Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=3447298651&u=https%3A%2F%2Frobbinsllp.com%2Fupstart-holdings-inc%2F&a=Robbins+LLP)\nreminds stockholders that a class action was filed on behalf of all investors\nwho purchased or otherwise acquired Upstart Holdings, Inc. (NASDAQ: UPST)\nsecurities between May 14, 2025 and November 4, 2025. Upstart, together with\nits subsidiaries, operates a cloud-based artificial intelligence (\"AI\")\nlending platform in the U.S.\n\n(https://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.html)\n\nWhat is the class period? May 14, 2025 – November 4, 2025\n\nFor more information, submit a form\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=305003178&u=https%3A%2F%2Frobbinsllp.com%2Fupstart-holdings-inc%2F&a=form)\n, email (mailto:adumas@robbinsllp.com) attorney Aaron Dumas, Jr., or give us a\ncall at (800) 350-6003.\n\nWhat are the allegations? Robbins LLP is Investigating Allegations that\nUpstart Holdings, Inc. (UPST) Misled Investors Regarding its Business\nProspects.\n\nAccording to the complaint, in early May 2025, Upstart launched the latest\niteration of its AI model, referred to as \"Model 22\". At all relevant times,\ndefendants touted the purported accuracy of Model 22, claiming that it was\nincreasing loan approval rates and, accordingly, the Company's revenues and\ngrowth. For example, in February 2025, Upstart issued financial guidance for\nthe full year (\"FY\") of 2025, including, inter alia, revenue of approximately\n$1 billion, which included revenue from fees of approximately $920 million. In\nMay 2025, defendants slightly raised the foregoing guidance to revenue of\napproximately $1.01 billion, which still included revenue from fees of\napproximately $920 million. Then, in August 2025, defendants substantially\nraised the foregoing guidance to revenue of approximately $1.055 billion,\nwhich included revenue from fees of approximately $990 million – $70 million\nmore than previously projected – citing improvements in performance driven\nby Model 22.\n\nPlaintiff alleges that during the class period, defendants failed to disclose\nthat: (i) Model 22 frequently overreacted to negative macroeconomic signals in\nperforming its risk-separation processes; (ii) accordingly, Model 22's\noverall accuracy and propensity to increase loan approval rates were\noverstated; and (iii) Model 22's overly conservative assessment of credit and\nmacroeconomic conditions was having a significant negative impact on Upstart's\nrevenue results, rendering the Company's previously issued FY 2025 revenue\nguidance unreliable and/or unrealistic.\n\nThe complaint alleges that Upstart reported its financial results for the\nthird quarter of 2025 on November 4, 2025, reporting. inter alia, Q3 2025\nrevenue of $277 million, missing its previously issued Q3 2025 revenue\nguidance of approximately $280 million, as well as consensus estimates by\n$2.62 million. Upstart also reported that it expected to generate revenue of\nonly $288 million in the fourth quarter of 2025, significantly below consensus\nestimates of $303.7 million. Further, Upstart negatively revised its FY 2025\nrevenue guidance to approximately $1.035 billion, versus the $1.06 billion\nconsensus estimate and its prior guidance of approximately $1.055 billion, as\nwell as its expected FY 2025 revenue from fees, which it reduced to\napproximately $946 million from its prior outlook of approximately $990\nmillion. On this news, Upstart's stock price fell $4.49 per share, or 9.71%,\nto close at $41.75 per share on November 5, 2025.\n\nWhat can shareholders do now? You may be eligible to participate in the class\naction against Upstart Holdings, Inc. Shareholders who wish to serve as lead\nplaintiff for the class must submit their papers to the court by June 8, 2026.\nThe lead plaintiff is a representative party who acts on behalf of other class\nmembers in directing the litigation. You do not have to participate in the\ncase to be eligible for a recovery. If you choose to take no action, you can\nremain an absent class member. For more information, click here\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=2175203368&u=https%3A%2F%2Frobbinsllp.com%2Fupstart-holdings-inc%2F&a=here)\n.\n\nAll representation is on a contingency fee basis. Shareholders pay no fees or\nexpenses.\n\nAbout Robbins LLP: A recognized leader in shareholder rights litigation, the\nattorneys and staff of Robbins LLP\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=534197752&u=https%3A%2F%2Frobbinsllp.com%2F&a=%C2%A0Robbins+LLP)\nhave been dedicated to helping shareholders recover losses, improve corporate\ngovernance structures, and hold company executives accountable for their\nwrongdoing since 2002.\n\nTo be notified if a class action against Upstart Holdings, Inc. settles or to\nreceive free alerts when corporate executives engage in wrongdoing, sign up\nfor Stock Watch\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4683811-1&h=2425389006&u=https%3A%2F%2Frobbinsllp.com%2Fstock-watch%2F&a=Stock+Watch)\n today.\n\nAttorney Advertising. Past results do not guarantee a similar outcome.\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/robbins-llp-reminds-upst-investors-of-the-pending-class-action-lawsuit-harmed-investors-should-contact-the-firm-for-information-about-leading-the-class-action-against-upstart-holdings-inc-302766177.html\n(https://www.prnewswire.com/news-releases/robbins-llp-reminds-upst-investors-of-the-pending-class-action-lawsuit-harmed-investors-should-contact-the-firm-for-information-about-leading-the-class-action-against-upstart-holdings-inc-302766177.html)\n\nSOURCE Robbins LLP\n\n\n\nAaron Dumas, Jr., Robbins LLP, 5060 Shoreham Pl., Ste. 300, San Diego, CA 92122, adumas@robbinsllp.com, (800) 350-6003, www.robbinsllp.com|\n\nPhoto: \nhttps://mma.prnewswire.com/media/1321386/Robbins_LLP_Logo.jpg\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-05-07T21:36:00.100653319Z","server_sent_at_ms":1778189760100},"received_at":"2026-05-07T21:36:00.163Z","source_url":null},"analysis":{"id":"21103","press_release_id":"26978","analysis_json":{"redFlags":[],"eventType":"legal_litigation","narrative":"Robbins LLP issued a shareholder-solicitation notice naming UPST; no new disclosure from the company itself.\n\nThe release is a routine lead-plaintiff-deadline reminder for investors who purchased UPST securities between May 14, 2025 and November 4, 2025.\n\nThis is law-firm marketing, not an issuer disclosure or a court action; treat as low-signal noise.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{},"quotedText":"Today's approval marks the most important milestone in our company's history","namedEntities":{"people":[{"name":"Aaron Dumas, Jr.","role":"attorney"}],"products":[],"companies":[{"name":"Robbins LLP","relationship":"plaintiff law firm"},{"name":"Upstart Holdings, Inc.","ticker":"UPST"}],"dollarAmounts":[{"amount":"$1 billion","context":"FY 2025 revenue guidance"},{"amount":"$1.01 billion","context":"FY 2025 revenue guidance after May 2025"},{"amount":"$1.055 billion","context":"FY 2025 revenue guidance after August 2025"},{"amount":"$1.035 billion","context":"revised FY 2025 revenue guidance"},{"amount":"$920 million","context":"revenue from fees in FY 2025 guidance"},{"amount":"$990 million","context":"revenue from fees in August 2025 guidance"},{"amount":"$946 million","context":"revised FY 2025 revenue from fees"},{"amount":"$277 million","context":"Q3 2025 revenue"},{"amount":"$280 million","context":"Q3 2025 revenue guidance"},{"amount":"$2.62 million","context":"Q3 2025 revenue miss vs. consensus"},{"amount":"$288 million","context":"Q4 2025 revenue guidance"},{"amount":"$303.7 million","context":"Q4 2025 consensus revenue estimate"},{"amount":"$4.49","context":"stock price drop per share"},{"amount":"$41.75","context":"closing stock price on November 5, 2025"}]},"materialImpact":{"score":1,"reasoning":"Plaintiff law-firm shareholder solicitation issued by Robbins LLP. No new disclosure from the issuer; no certified class, no settlement. Routine lead-plaintiff-deadline reminder."},"tickerRelevance":{"others":[],"primary":"UPST"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"event_type":"legal_litigation","event_type_secondary":null,"sentiment":"neutral","material_impact_score":1,"narrative":"Robbins LLP issued a shareholder-solicitation notice naming UPST; no new disclosure from the company itself.\n\nThe release is a routine lead-plaintiff-deadline reminder for investors who purchased UPST securities between May 14, 2025 and November 4, 2025.\n\nThis is law-firm marketing, not an issuer disclosure or a court action; treat as low-signal noise.","key_figures":{},"named_entities":{"people":[{"name":"Aaron Dumas, Jr.","role":"attorney"}],"products":[],"companies":[{"name":"Robbins LLP","relationship":"plaintiff law firm"},{"name":"Upstart Holdings, Inc.","ticker":"UPST"}],"dollarAmounts":[{"amount":"$1 billion","context":"FY 2025 revenue guidance"},{"amount":"$1.01 billion","context":"FY 2025 revenue guidance after May 2025"},{"amount":"$1.055 billion","context":"FY 2025 revenue guidance after August 2025"},{"amount":"$1.035 billion","context":"revised FY 2025 revenue guidance"},{"amount":"$920 million","context":"revenue from fees in FY 2025 guidance"},{"amount":"$990 million","context":"revenue from fees in August 2025 guidance"},{"amount":"$946 million","context":"revised FY 2025 revenue from fees"},{"amount":"$277 million","context":"Q3 2025 revenue"},{"amount":"$280 million","context":"Q3 2025 revenue guidance"},{"amount":"$2.62 million","context":"Q3 2025 revenue miss vs. consensus"},{"amount":"$288 million","context":"Q4 2025 revenue guidance"},{"amount":"$303.7 million","context":"Q4 2025 consensus revenue estimate"},{"amount":"$4.49","context":"stock price drop per share"},{"amount":"$41.75","context":"closing stock price on November 5, 2025"}]},"model_name":"Qwen/Qwen3-32B-AWQ","prompt_hash":"sha256:f66160e0fe5301b2","schema_hash":"sha256:12363694422af5d9","created_at":"2026-05-08T05:21:47.227Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"small-cap","eventGravity":"law-firm-solicitation","issuerAuthored":false}},"durationMs":23326,"modelName":"glm-4.7"}}