Upstart联合创始人兼首席执行官Dave Girouard表示：“在2024年第四季度，我们所有产品类别的业务都实现了大幅增长，调整后的EBITDA达到了自2022年第一季度以来的最高水平，并且距离恢复GAAP会计准则下的盈利只有一步之遥。”Fintech company $Upstart (UPST.US)$ Announced strong performance for the fourth quarter of 2024 and guidance for performance in 2025.
Data shows that Upstart's Q4 revenue grew by 56% year-on-year to $0.219 billion, which is better than the market expectation of $0.182 billion; the adjusted EPS was $0.26, exceeding the market expectation of a loss of $0.04 per share. The adjusted EBITDA was $38.8 million, easily surpassing the market expectation of $6.1 million; the adjusted EBITDA margin was 18%.
In Q4, Upstart issued a total of 245,663 loans, amounting to $2.1 billion, a year-on-year increase of 68% and a quarter-on-quarter increase of 33%; its conversion rate was 19.3%, higher than 11.6% in the fourth quarter of 2023.
Upstart co-founder and CEO Dave Girouard stated, "In the fourth quarter of 2024, all of our product categories' Business achieved significant growth, with adjusted EBITDA reaching its highest level since the first quarter of 2022, and we are just one step away from achieving profitability under GAAP accounting standards."
Looking ahead, Upstart expects its total revenue for 2025 to be around $1 billion, better than the market expectation of $0.823 billion; among this, fee revenue is expected to be about $0.92 billion, and net interest income is expected to be around $80 million. The company projects that the adjusted EBITDA margin for 2025 will be approximately 18%, better than the market expectation of 13%.
Upstart also expects Q1 2025 revenue to be around $0.2 billion, better than the market expectation of $0.185 billion; the adjusted EBITDA is expected to be about $27 million, also surpassing the market expectation of $10.7 million.
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