Upstart Holdings Inc. (NASDAQ: UPST) reported loan originations of $1.45 billion for May 2026, according to monthly data released by the company.

The AI lending marketplace facilitated the originations over 25 funding days during the month, resulting in $58.2 million in daily origination volume. The company defines originations as the total principal amount of loans facilitated through its marketplace during the reporting period.

Upstart calculates origination days based on a 24-hour funding window starting and ending at approximately 5:00 p.m. eastern time. Business days count as full days, while weekends and bank holidays are weighted at 0.55 days to reflect lower application activity.

The data represents transaction volume dollars, one of the key operating metrics the company reports in its quarterly and annual SEC filings. Upstart noted the figures are unaudited and preliminary, subject to completion of financial closing procedures for quarterly results.

The company stated it intends to release monthly origination data on the third calendar day following each month, or the next business day if that date falls on a weekend or federal holiday.

Upstart operates as a lending marketplace connecting consumers to more than 100 banks and credit unions that use the company's AI models for credit decisions. The platform offers personal loans, automotive retail loans, home equity lines of credit, and revolving credit products.