$UPST (-1,27%) Upstart Q1'25 Earnings Highlights
🔹 Revenue: $213.4M (Est: $199.5M) 🟢
🔹 Adj EPS: ($0.03) (Est: $0.17) 🔴
🔹 Adj Net Income: $25M (Est: $16M) 🟢
Q2'25 Guidance
🔹 Revenue: ~$225M (Est: $223.7M) 😐
🔹 Adj EBITDA: ~$37M
🔹 Adj Net Income: ~$25M
🔹 GAAP Net Loss: ~-$10M
FY25 Guidance
🔹 Revenue: ~$1.01B (Est: $1.001B) 😐
🔹 Adj EBITDA Margin: ~19%
🔹 Revenue from Fees: ~$920M
🔹 Net Interest Income: ~$90M
🔹 GAAP Net Income expected positive in H2
Other Metrics:
🔹 Adj EBITDA: $42.6M
🔹 Contribution Margin: 55% (vs. 59% YoY)
🔹 GAAP Net Loss: -$2.4M (vs. -$64.6M YoY)
🔹 Loan Volume: $2.1B (+89% YoY)
🔹 Loans Originated: 240,706 (+102% YoY)
🔹 Conversion Rate: 19.1% (vs. 14.0% YoY)
Strategic & Operational Updates
🔸 Signed $1.2B loan-purchase agreement with Fortress through March 2026
🔸 90% of Q1 loans were fully automated
🔸 Hosting Upstart AI Day on May 14, 2025
🔸 CEO: “AI is delivering a radically better product for consumers”