Upstart Holdings, Inc. ( (UPST) ) has released its Q2 earnings. Here is a breakdown of the information Upstart Holdings, Inc. presented to its investors.
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Upstart Holdings, Inc. is a leading AI lending marketplace that connects consumers with banks and credit unions to offer superior credit products through advanced AI models, primarily operating in the financial technology sector.
In its second quarter of 2025, Upstart Holdings, Inc. reported significant financial growth, showcasing a return to growth mode with triple-digit revenue increases and achieving GAAP profitability ahead of schedule.
Key financial highlights include a 159% year-over-year increase in transaction volume with 372,599 loans originated, totaling over $2.8 billion. The company’s total revenue reached $257 million, marking a 102% increase from the previous year, while GAAP net income improved to $5.6 million from a loss of $54.5 million in the same quarter last year. Additionally, the adjusted EBITDA soared to $53.1 million, reflecting a substantial improvement from a negative $9.3 million in the previous year.
Looking forward, Upstart anticipates continued growth with projected third-quarter revenue of approximately $280 million and a full-year revenue expectation of $1.055 billion. The company remains optimistic about maintaining its contribution margin at around 58% and achieving a GAAP net income of approximately $35 million for the full year 2025.