Upstart Q4 Revenue Jumps 35.2% to $296.1M, EPS $0.46 vs $0.47 Est
Upstart reported Q4 revenue of $296.1M, up 35.2% year-over-year and 2.6% above estimates, while EPS reached $0.46, just shy of the $0.47 consensus. Transaction volume climbed 8.1% to $3.2M, with fee revenue up 33.1% to $265.2M, highlighting robust platform growth.
1. Q4 Financial Highlights
Upstart posted Q4 revenue of $296.09 million, a 35.2% year-over-year increase, beating the $288.47 million consensus by 2.6%. EPS reached $0.46, narrowly missing the $0.47 estimate, underscoring a modest margin shortfall despite strong top-line growth.
2. Key Business Metrics
Transaction volume rose 8.1% to $3.2 million versus the $2.96 million consensus, driven by increased loan origination. Fee revenue jumped 33.1% to $265.22 million, while interest income and fair value adjustments totaled $30.87 million, reflecting diversification across servicing and referral streams.
3. Market Reaction and Outlook
Shares have declined 14.1% over the past month compared with a flat S&P 500, indicating investor caution. The stock carries a Zacks Rank #3 (Hold), suggesting performance in line with the broader market in the near term.