Upstart Surges to 117th in Trading Volume Amid 94.23% Spike Stock Dips 0.25% Despite Record Earnings and $280M Revenue Forecast

On August 5, 2025, Upstart (NASDAQ: UPST) traded with a volume of $820 million, a 94.23% surge from the prior day, ranking 117th in market activity. The stock closed down 0.25% despite robust quarterly results.

Upstart reported Q2 2025 earnings showing a 102% year-over-year revenue increase to $257 million, driven by $2.8 billion in loan originations (up 154% YoY) and a 23.9% conversion rate (vs. 15.2% in Q2 2024). Contribution profit rose 85% to $141 million, with a stable 58% margin. GAAP net income reached $5.6 million, reversing a $54.5 million loss in Q2 2024. Adjusted EBITDA surged to $53.1 million (21% margin) from a $9.3 million deficit the prior year.

Management highlighted accelerated growth in newer business segments and early GAAP profitability. For Q3 2025, Upstart forecast $280 million in revenue and $56 million in adjusted EBITDA, with full-year revenue guidance raised to $1.055 billion. The platform’s AI-driven automation processed over 90% of loans without human intervention, underscoring operational efficiency.

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