Upstart soars after strong annual revenue forecast

Upstart Holdings

12/02/2025 19:28

** Shares of AI-powered lending platform Upstart Holdings
 UPST.O  jump as much as 33.6%; last up 31.1% at $88.29
    ** UPST late Tuesday forecast FY25 revenue of about $1
billion, far above Wall Street expectations of $839.6 million,
according to data compiled by LSEG
    ** Company also expects to at least break even this year on
a reported basis 
    ** Meanwhile, UPST reported Q4 adjusted profit of 26
cents/shr, compared with analysts' expectations of a loss of 4
cents/shr
    ** Profit surged in Q4 as loan origination volumes soared
68% compared to the same period last year
    ** Needham says the operating environment continues to
improve and believes UPST's funding is robust enough to support
industry-leading growth moving forward
    ** UPST stock jumped 50.7% in 2024

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))