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/Mis Actual Consensu

s s

Estimate

Q2 Fees $240.78

Revenue mln

Q2 EPS $0.05

Q2 Net $5.61

Income mln

Q2 $252.75

Operatin mln

g

Expenses

Q2 $5.66

Pretax mln

Profit

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 ( UPST ) 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:

(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.)