Upstart Q2 revenue jumps 102% YoY, achieves profitability

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

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