---
schema_version: "secwatch.filing_event.v1"
accession: "0001647639-25-000005"
form_type: "8-K"
ticker: "UPST"
cik: "0001647639"
company_name: "Upstart Holdings, Inc."
filed_at: "2025-02-11T23:59:59+00:00"
generated_at: "2026-05-26T23:23:07.107179+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Upstart Q4 revenue $219M (+56% YoY); guides FY2025 revenue ~$1B, GAAP net income at least breakeven

## Summary
- Q4 2024: Total revenue $219M (+56% YoY); GAAP net loss ($2.8M) improved from ($42.4M); adjusted net income $29.9M.
- Loan volume $2.1B (+68% YoY); conversion rate 19.3% (up from 11.6% in Q4 2023).
- Adjusted EBITDA $38.8M (Q4 2023: $0.6M); contribution margin 61%.
- Full year 2024: Revenue $637M (+24% YoY); GAAP net loss ($129M) vs ($240M); adjusted EBITDA $10.6M (vs -$17.2M).
- FY2025 guidance: Revenue ~$1B; Adjusted EBITDA margin ~18%; GAAP net income at least breakeven.

## SEC filing metadata
- accession: 0001647639-25-000005
- form_type: 8-K
- ticker: UPST
- cik: 0001647639
- company_name: Upstart Holdings, Inc.
- filed_at: 2025-02-11T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000005/0001647639-25-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647639/000164763925000005/upst-20250211.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647639-25-000005
- JSON: https://secwatch.observer/filing/0001647639-25-000005.json
- Plain text: https://secwatch.observer/filing/0001647639-25-000005.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.