Upstart (UPST) Reports Q1 Earnings: What Key Metrics Have to Say

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Upstart Holdings, Inc. (UPST) reported $213.37 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 67%. EPS of $0.30 for the same period compares to -$0.31 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $200.74 million, representing a surprise of +6.29%. The company delivered an EPS surprise of +57.89%, with the consensus EPS estimate being $0.19.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Upstart performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Transaction Volume: $2.13 million versus $1.90 million estimated by two analysts on average.

  • Revenue- Revenue from fees, net: $185.48 million compared to the $185.42 million average estimate based on five analysts. The reported number represents a change of +34.3% year over year.

  • Revenue- Total interest income, interest expense, and fair value adjustments, net: $27.90 million versus $15.28 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -371.5% change.

  • Revenue- Revenue from fees, net- Platform and referral fees, net: $150.98 million versus $148.10 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +45.4% change.

  • Revenue- Revenue from fees, net- Servicing and other fees, net: $34.50 million versus the three-analyst average estimate of $37.57 million. The reported number represents a year-over-year change of +0.9%.

View all Key Company Metrics for Upstart here>>>

Shares of Upstart have returned +37.6% over the past month versus the Zacks S&P 500 composite's +11.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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This article originally published on Zacks Investment Research (zacks.com).

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