In Q4 2025, Upstart delivered strong top-line growth, returned to profitability, and improved key operating metrics, driven by higher loan originations and increased platform efficiency.

Upstart reported $277M in revenue and $31.8M in net income for Q3 2025, driven by an 80% YoY increase in loan originations and continued AI-driven efficiency across its lending platform.

Upstart delivered a robust performance in Q2 2025, with total revenue surging by 102% year-over-year to $257 million. The company achieved GAAP net income of $5.6 million and GAAP income from operations of $4.5 million, marking a significant turnaround from losses in the prior year. Loan originations also saw substantial growth, reflecting improved conversion rates.

Upstart significantly improved its financial position with a sharp recovery in lending activity, reduced losses, and a return to profitability on an adjusted basis.

Upstart reported strong revenue growth in Q4 2024, with a 56% YoY increase in total revenue and a significant reduction in net loss. Adjusted net income turned positive at $29.9 million, while operating losses narrowed substantially. The company achieved its highest adjusted EBITDA since Q1 2022 and improved its conversion rate to 19.3%.

Upstart's Q3 2024 results showed a 43% sequential increase in lending volume and a return to positive adjusted EBITDA. Total revenue was $162 million, up 20% year-over-year, and GAAP net loss was ($6.8) million, improved from ($40.3) million in the same quarter of the prior year.

Upstart reported a decrease in revenue to $128 million, a GAAP net loss of $54.5 million, and a diluted EPS of $(0.62) for Q2 2024. However, the company saw improvements in its AI model, funding supply, and operating efficiency.

Upstart reported a 24% increase in total revenue year-over-year, reaching $128 million. The company saw improvements in net loss, adjusted EBITDA, and contribution profit. They are focused on efficiency and anticipate sequential growth in the second half of the year and positive EBITDA by the end of the year.

Upstart's Q4 2023 total revenue reached $140 million, a 4% decrease year-over-year but a 4% increase sequentially. The company originated 129,664 loans totaling $1.3 billion. GAAP net loss was $(42.4) million, while adjusted EBITDA was $0.6 million.

Upstart reported a revenue of $135 million, a 14% decrease compared to the third quarter of 2022. The company experienced a net loss of $40.3 million, but improved from a loss of $56.2 million in the same quarter of the previous year. Despite the revenue decline, Upstart achieved adjusted EBITDA positivity for the second consecutive quarter and maintained high contribution margins.

Upstart announced its Q2 2023 financial results, reporting a total revenue of $136 million, a decrease of 40% year-over-year. Despite the challenging economic environment, the company achieved record-high contribution margin and positive cash flow. Lending partners originated 109,447 loans totaling $1.2 billion across the platform, a decrease of 64% from the same quarter of the prior year.

Upstart announced its Q1 2023 financial results, revealing a decrease in revenue and a net loss. However, the company secured multiple long-term funding agreements expected to deliver over $2 billion to the platform over the next 12 months.

Upstart's Q4 2022 total revenue was $147 million, a 52% decrease year-over-year. Lending partners originated 154,478 loans, totaling $1.5 billion, down 62% from the prior year. The company reported a GAAP net loss of $55.3 million, with a diluted loss per share of $(0.67).

Upstart's Q3 2022 results revealed a 31% decrease in total revenue compared to Q3 2021, with a loss from operations of ($58.1) million. The company originated 188,519 loans totaling $1.9 billion, a 48% decrease year-over-year. Despite these challenges, Upstart repurchased 931 thousand shares for approximately $25 million.

Upstart's Q2 2022 results revealed a total revenue of $228 million, marking an 18% increase from the previous year. However, the company faced a net loss of $29.9 million, a decrease from the $37.3 million net income in Q2 2021. The macroeconomic environment led to funding constraints, impacting the company's performance.

Upstart announced strong Q1 2022 results, with total revenue of $310 million, a 156% increase year-over-year, and a GAAP net income of $32.7 million, up from $10.1 million in the same quarter of the previous year. The company originated 465,537 loans totaling $4.5 billion. Upstart provided guidance for Q2 2022, including revenue of $295 to $305 million and net income of ($4) to $0 million.

Upstart announced strong first quarter 2021 financial results, with total revenue of $121 million, a 90% increase from the first quarter of 2020. The company's AI lending platform facilitated 169,750 loans totaling $1.73 billion. GAAP net income was $10.1 million, and adjusted EBITDA was $21.0 million.

Upstart announced its Q4 and Fiscal Year 2020 results, reporting a 39% year-over-year increase in total revenue to $86.7 million for Q4. Bank partners originated 123,396 loans, up 57% year-over-year, with a conversion rate of 17.4%. Income from operations increased by 196% to $10.4 million. GAAP net income was $1.0 million, and adjusted net income was $5.4 million.