secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001647639-25-000005
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000005/0001647639-25-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000005/upst-20250211.htm
  HTML page:      https://secwatch.observer/filing/0001647639-25-000005

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer