Upstart Shares Soar After Solid Q4 Report, Strong Q1 Guidance

Upstart Holdings, Inc. UPST reported its fourth-quarter financial results after Tuesday's closing bell. Here's a look at the key figures from the report. 

The Details: Upstart reported quarterly earnings of 26 cents per share which beat the analyst consensus estimate of losses of 4 cents. Quarterly revenue clocked in at $218.96 million which beat the analyst consensus estimate of $182.18 million and is an increase over sales of $140.31 million from the same period last year.

245,663 loans were originated, totaling $2.1 billion, up 68% year-over-year and up 33% from the prior quarter. Conversion rate was 19.3%, up from 11.6% in the fourth quarter of 2023.

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“In Q4 of 2024, our business grew dramatically across all product categories, delivered Adjusted EBITDA at levels not seen since the first quarter of 2022, and came within a whisker of returning to GAAP profitability,” said Dave Girouard, CEO of Upstart.

“We launched into 2025 with unparalleled energy and optimism for the future of Upstart AI lending and the mission we’re on together,” Girouard added.

Outlook: Upstart expects first-quarter revenue of approximately $200 million, versus the $193.8 million estimate.

UPST Price Action: According to data from Benzinga Pro, Upstart Holdings shares are up 20.4% after hours at $81.07 Tuesday.  

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