Upstart Holdings Inc (NASDAQ:UPST) shares are trading higher Wednesday after the company reported better-than-expected financial results and issued strong guidance. Multiple analysts upgraded the stock following the print.
Total revenue was up 56% year-over-year. Total fee revenue increased 30% on a year-over-year basis. Upstart said it originated 245,663 loans in the quarter, up 68% year-over-year.
“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, co-founder and 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.”
Outlook: Upstart expects first-quarter revenue of approximately $200 million versus estimates of $193.8 million, according to Benzinga Pro. The company anticipates first-quarter adjusted EBITDA of approximately $27 million.
Upstart sees full-year 2025 revenue of approximately $1 billion. The company anticipates full-year revenue fees of approximately $920 million.
Upstart noted that it will host an “Upstart AI Day” on May 14 to discuss the company’s technology, business model and strategy.
Check This Out: CVS Health Q4 Earnings: Revenue And EPS Beat, Same-store Prescription Volume Up 5.9%, Upbeat FY25 Outlook And More
Analyst Changes:
UPST Price Action: Upstart shares were up 23.9% at $83.40 at the time of publication Wednesday, according to Benzinga Pro.
Photo: Shutterstock.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.