Upstart Reports Record Revenue and Profitability, Sets Ambitious 2026 Targets Amid Leadership Transition.

Upstart Holdings reported record revenue and profits in 2025, with total revenue reaching $1 billion, up 64% from 2024. The company facilitated 1.5 million loans worth $11 billion, an 86% increase YoY. Adjusted EBITDA reached $230 million, with a margin of 22%. Net income was nearly $54 million, compared to losses in prior periods. Upstart's AI-driven lending model is under scrutiny, but the company's revenue and profitability suggest it's giving lenders what they want. Management is eyeing a 40% increase in total revenue to $1.4 billion in 2026.