Upstart Q2 revenue jumps 102% YoY, achieves profitability

Upstart Holdings

05/08/2025 22:03

Overview

Upstart Q2 revenue grows 102% YoY to $257 mln, achieving GAAP profitability

Company reports Q2 net income of $5.6 mln, improving from loss last year

Upstart forecasts Q3 revenue of $280 mln, indicating continued growth

Outlook

Upstart expects Q3 2025 revenue of $280 mln

Company anticipates Q3 2025 GAAP net income of $9 mln

Upstart forecasts full-year 2025 revenue of $1.055 bln

Company projects full-year 2025 GAAP net income of $35 mln

Result Drivers

REVENUE GROWTH - Upstart achieved triple-digit revenue growth in the quarter

GAAP PROFITABILITY - Achieved GAAP profitability a quarter earlier than expected, driven by accelerated growth in newer business segments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Fees Revenue
$240.78 mln
Q2 EPS
$0.05
Q2 Net Income
$5.61 mln
Q2 Operating Expenses
$252.75 mln
Q2 Pretax Profit
$5.66 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 8 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the consumer lending peer group is "buy."

Wall Street's median 12-month price target for Upstart Holdings Inc is $71.00, about 16.7% below its August 4 closing price of $82.83

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 28 three months ago

Press Release: ID:nBw2gnHtPa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)