Upstart Q2 Revenue Jumps 42% on 50% Loan Origination Surge, Returns to GAAP Profitability
UPST sits 43% above its 52-week low of $23.965.
Summary
Upstart delivered a strong Q2, with revenue up 42% YoY to $365M and net income swinging to $16.54M from a loss a year ago. Loan originations surged 50%, driving the top-line beat, while adjusted EBITDA rose 45% with margins holding at 21%. The company returned to GAAP profitability and reiterated full-year guidance of ~$1.4B in revenue and $294M in adjusted EBITDA. This follows a Q1 net loss and covenant breach, making the sharp turnaround and origination re-acceleration a material positive signal for the AI lending platform's trajectory.
At the time of this announcement, UPST was trading at $34.24 on NASDAQ in the Finance sector, with a market capitalization of approximately $2.9B. The 52-week trading range was $23.97 to $85.31. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.