04:49 AM EST, 02/12/2025 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

Upstart Holdings ( UPST ) shares were up more than 26% in premarket activity Wednesday after the company said overnight that it swung into the black in Q4 as sales surged. Its full-year revenue guidance also beat market expectations.

The company reported Q4 adjusted earnings late Tuesday of $0.26 per diluted share, versus a loss of $0.11 a year earlier.

Analysts surveyed by FactSet expected a loss of $0.04.

Revenue for the quarter ended Dec. 31 was $219 million, up from $140.3 million a year earlier.

Analysts polled by FactSet expected $181.9 million.

For Q1, the company expects revenue of about $200 million. That compares with the consensus estimate of $184.6 million from analysts polled by FactSet.

For 2025, the company expects revenue of about $1 billion. Analysts expect $823.1 million.

Price: 85.40, Change: +18.06, Percent Change: +26.82