Upstart Holdings: The AI Lending Platform Provider Reports Surprising Profit and Expects Revenue of Approximately $1 Billion in 2025

Upstart leverages its AI technology to assist banks and credit unions in simplifying and streamlining the loan approval process, helping financial institutions save money on expensive bank personnel. Upstart Holdings reported a surprise earnings per share of $0.04 in Q4, exceeding expectations and achieving normalized profitability for the first time after several loss-making quarters. The forecast for 2025 indicates a potential acceleration of revenue growth to 57% and an adjusted EBITDA margin to 18%, significantly surpassing analysts'...