AI-powered lending platform Upstart (NASDAQ:UPST) reported Q1 CY2025 results exceeding the market’s revenue expectations, with sales up 67% year on year to $213.4 million. On the other hand, next quarter’s revenue guidance of $225 million was less impressive, coming in 0.5% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 76.6% above analysts’ consensus estimates.
Shares of aI-powered lending platform Upstart (NASDAQ:UPST)
fell 11.1% in the afternoon session after the company reported first quarter 2025 results which were overshadowed by concerns after announcing Fortress would purchase up to $1.2 billion of loans, raising questions about liquidity and lending capacity. This raised questions about balance sheet health (Upstart needs liquidity) and future lending capacity. The quarter itself was decent with sales, EBITDA and EPS topping estimates while full year guidance was slightly lifted.
AI-powered lending platform Upstart (NASDAQ:UPST) beat Wall Street’s revenue expectations in Q1 CY2025, with sales up 67% year on year to $213.4 million. On the other hand, next quarter’s revenue guidance of $225 million was less impressive, coming in 1.6% below analysts’ estimates. Its non-GAAP profit of $0.30 per share was 75.9% above analysts’ consensus estimates.
The regular session of the US market on Tuesday is now over, but let's get a preview of the after-hours session and explore the top gainers and losers driving the post-market movements.
