Loading...
•
Jun 30
Upstart Q2 2025 Earnings Report
Upstart announced strong financial results for the second quarter of 2025, achieving triple-digit revenue growth and GAAP profitability ahead of schedule.
Key Takeaways
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.
Total revenue reached $257 million, representing a 102% increase year-over-year.
The company achieved GAAP net income of $5.6 million, a significant improvement from a loss of $54.5 million in Q2 2024.
Transaction volume saw 372,599 loans originated, a 159% increase year-over-year, totaling over $2.8 billion.
Adjusted EBITDA improved significantly to $53.1 million, up from a loss of $9.3 million in Q2 2024.
Upstart
Upstart
Upstart Revenue by Segment
Revenue by Segment
Platform and Referral Fees, Net Revenue
CapyFin.comServicing and Other Fees, Net Revenue
CapyFin.com Forward Guidance
For the third quarter of 2025, Upstart anticipates continued growth with total revenue projected at approximately $280 million and GAAP net income around $9 million, alongside strong Adjusted Net Income and Adjusted EBITDA.
Positive Outlook
- Expected total revenue of approximately $280 million for Q3 2025.
- Anticipated revenue from fees of approximately $275 million for Q3 2025.
- Projected GAAP net income of approximately $9 million for Q3 2025.
- Expected Adjusted Net Income of approximately $44 million for Q3 2025.
- Anticipated Adjusted EBITDA of approximately $56 million for Q3 2025.