secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001647639-25-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upstart Q1 revenue $213M (+67% YoY); loan volume surges 89%; narrows GAAP net loss to $2.4M
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- Revenue of $213M, up 67% YoY; GAAP net loss improves to $2.4M from $64.6M loss in Q1 2024.
- Loan originations exceed $2.1B (+89% YoY); conversion rate 19.1% vs 14.0% YoY.
- Adjusted EBITDA $42.6M (20% margin) vs -$20.3M (-16% margin) in Q1 2024.
- FY2025 revenue guidance raised to ~$1.01B; expects GAAP net income positive in H2 and full year.
- Q2 2025 guidance: revenue ~$225M, adjusted EBITDA ~$37M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000048/0001647639-25-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763925000048/upst-20250506.htm
  HTML page:      https://secwatch.observer/filing/0001647639-25-000048

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