Core Insights - Upstart, an AI lending marketplace, has secured a forward-flow commitment from Castlelake, a global alternative investment firm, to purchase up to $1.5 billion in consumer loans [1] Company Summary - Upstart has entered into a new 12-month forward flow arrangement with Castlelake for the purchase of consumer loans originated through its platform [1]

Core Insights - Pathward Financial, Inc. has announced a partnership with Upstart to provide personal loans through Upstart's AI-driven lending marketplace, aiming to enhance financial inclusion for more borrowers [1][3]. Company Overview - Pathward, N.A., a subsidiary of Pathward Financial, Inc. (Nasdaq: CASH), focuses on increasing financial access and availability through its Partner Solutions and Commercial Finance business lines [4]. Partnership Details - The collaboration with Upstart is designed to leverage Upstart's AI models and cloud applications, allowing lenders to approve more borrowers at lower rates while providing a superior digital experience [2][3]. - Upstart connects consumers to over 100 banks and credit unions, facilitating personal loans for various purposes, including debt consolidation and covering expenses like weddings and medical needs [2]. Leadership Statements - Pathward President Anthony Sharett expressed enthusiasm about the partnership, highlighting a shared mission to improve access to credit [3]. - Michael Lock, Senior Vice President of Lending Partnerships at Upstart, noted that the combination of Upstart's technology and Pathward's regulatory expertise will enable the delivery of industry-leading credit products [3].

Core Points - U.S. stock futures are lower, with Dow futures falling over 50 points [1] - Super Micro Computer Inc reported disappointing first-quarter results, with earnings of 35 cents per share, missing the consensus estimate of 40 cents, and revenue of $5.01 billion, below the expected $5.99 billion [2] - Super Micro's revenue decreased from $5.93 billion in the same period last year [2] - The company's shares fell 9.2% to $43.12 in pre-market trading [2] Company-Specific Movements - Biohaven Ltd experienced a significant drop of 46.2% to $7.51 after receiving an FDA Complete Response Letter for VYGLXIA [4] - Trex Company Inc declined 31.9% to $32.02 following worse-than-expected third-quarter results and lowered FY25 sales guidance [4] - Soleno Therapeutics Inc fell 22.2% to $49.65 after reporting third-quarter results [4] - Axon Enterprise Inc's shares dropped 19.6% to $567.50 after mixed third-quarter results and an acquisition announcement [4] - Pinterest Inc dipped 18.8% to $26.69 after posting disappointing third-quarter earnings [4] - SSR Mining Inc fell 17.5% to $17.90 after its third-quarter results [4] - Uniqure NV's shares decreased by 15.8% to $25.61 after a prior gain [4] - Clover Health Investments Corp fell 15.5% to $2.97 after mixed third-quarter results [4] - Upstart Holdings Inc declined 15.3% to $39.15 after mixed results and lowered FY25 guidance [4] - Corsair Gaming Inc fell 12.4% to $6.59 following worse-than-expected third-quarter results [4] - Advanced Micro Devices, Inc. declined 5% to $237.80 despite reporting better-than-expected third-quarter results and projecting fourth-quarter revenue of approximately $9.6 billion [4]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential trading opportunities before the market opens [1] Premarket Gainers - SMX (Security Matters) Public Limited Company (SMX) increased by 52% to $2.24 [3] - Entravision Communications Corporation (EVC) rose by 33% to $2.66 [3] - Babcock & Wilcox Enterprises, Inc. (BW) saw a 28% increase to $4.79 [3] - NeuroPace, Inc. (NPCE) gained 24% reaching $11.71 [3] - Kennedy-Wilson Holdings, Inc. (KW) also increased by 24% to $9.30 [3] - Rigel Pharmaceuticals, Inc. (RIGL) rose by 22% to $34.72 [3] - Digital Turbine, Inc. (APPS) increased by 21% to $7.20 [3] - Lumentum Holdings Inc. (LITE) saw a 15% increase to $218.06 [3] - AsiaStrategy (SORA) rose by 14% to $3.63 [3] - Marine Petroleum Trust (MARPS) increased by 7% to $5.05 [3] Premarket Losers - Biohaven Ltd. (BHVN) decreased by 42% to $7.96 [4] - Trex Company, Inc. (TREX) fell by 34% to $30.65 [4] - Soleno Therapeutics, Inc. (SLNO) saw a 23% decline to $49.00 [4] - Axon Enterprise, Inc. (AXON) decreased by 19% to $572.00 [4] - Clover Health Investments, Corp. (CLOV) fell by 19% to $2.82 [4] - Pinterest, Inc. (PINS) decreased by 18% to $26.91 [4] - SSR Mining Inc. (SSRM) saw a 17% decline to $17.91 [4] - Upstart Holdings, Inc. (UPST) decreased by 16% to $38.81 [4] - WF International Limited (WXM) fell by 12% to $2.25 [4] - Corsair Gaming, Inc. (CRSR) decreased by 11% to $6.66 [4]

Core Insights - Upstart, an AI lending marketplace, reported significant growth in consumer demand and credit strength in Q3, with a notable increase in loan originations [1][2][3] Company Performance - Loan originations increased by 80% year-over-year in Q3, reaching $2.9 billion [2] - Personal loan originations rose by 73% to $2.7 billion, auto loan originations increased fivefold to $128 million, and home loan originations grew fourfold to $72 million [3] - Over 2 million applications were submitted in Q3, marking a 30% increase from Q2 and the highest level in over three years [3] Consumer Credit Strength - Upstart's macro indicator showed a modest uptick in July and August, leading to a temporary reduction in approvals and an increase in interest rates, but overall consumer credit strength remains stable with signs of improvement [4][5] - The company perceives the broader economic backdrop for credit as favorable, with decelerating personal consumption growth indicating improving credit health [6] Automation and Process Improvements - 91% of loans enabled by Upstart in Q3 were fully automated, requiring no human intervention [6] - The company successfully automated the home equity line of credit (HELOC) approval process, increasing the automated approval rate from less than 1% in June to 20% by October [7][8]

Core Insights - Upstart Holdings, Inc. reported a revenue of $277.11 million for the quarter ended September 2025, marking a year-over-year increase of 70.9% and an EPS of $0.52 compared to -$0.06 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $281.02 million by 1.39%, while the EPS exceeded the consensus estimate of $0.42 by 23.81% [1] Financial Performance Metrics - Transaction Volume was reported at $2.85 million, below the average estimate of $3.2 million based on three analysts [4] - Revenue from fees, net was $258.54 million, compared to the average estimate of $275.62 million based on four analysts, reflecting a year-over-year change of +76.2% [4] - Revenue from servicing and other fees, net was $41.66 million, versus the estimated $46.11 million, showing a +24.8% change year-over-year [4] - Revenue from platform and referral fees, net was $216.88 million, compared to the estimated $230.22 million, representing a +61.6% change year-over-year [4] Stock Performance - Upstart's shares have returned -9.6% over the past month, contrasting with the Zacks S&P 500 composite's +2.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Market Overview - The U.S. stock market experienced a downturn, with major indices like the S&P 500 and Nasdaq showing negative futures [1] - The Dow Jones Industrial Average fell 0.5% to 47,085.24, the S&P 500 dropped 1.2% to 6,771.55, and the Nasdaq decreased 2.04% to 23,348.63 [2] Company Performance Advanced Micro Devices Inc. (AMD) - AMD reported third-quarter revenue of $9.25 billion, exceeding analyst expectations of $8.74 billion [3] - Adjusted earnings per share were $1.20, surpassing estimates of $1.16, driven by growth in the AI data center business [3] - AMD shares fell 3.70% to close at $250.05, with after-hours trading showing a further decline of 4.7% to $238.20 [2] Super Micro Computer, Inc. (SMCI) - Super Micro Computer reported earnings of 35 cents per share, missing the expected 40 cents, leading to a stock decline [4] - Quarterly revenue was $5.01 billion, below analyst estimates of $5.99 billion and down from $5.93 billion a year earlier [4] - The stock dropped 6.40% to $47.50, with after-hours trading showing a decline of 9.5% to $42.99 [3] Upstart Holdings, Inc. (UPST) - Upstart reported earnings of 52 cents per share, beating the estimate of 42 cents, but revenue fell short of expectations [6] - The company projected fourth-quarter revenue of $288 million, below the $303.61 million analyst estimate, and cut its fiscal 2025 revenue outlook to $1.03 billion from $1.05 billion [6] - Shares slid 2.73% to $46.24, plummeting 15.3% to $39.15 in extended trading [5] Pinterest Inc. (PINS) - Pinterest reported third-quarter revenue of $1.05 billion, aligning with analyst estimates, but adjusted earnings of 38 cents per share missed the expected 42 cents [8] - The company forecasted fourth-quarter revenue between $1.31 billion and $1.34 billion, slightly below estimates of $1.34 billion [8] - Shares decreased by 2.39% to $32.91, dropping sharply by 20.09% to $26.30 in after-hours trading [7] Rivian Automotive (RIVN) - Rivian reported third-quarter revenue of $1.56 billion, up 78% year-over-year and above the $1.50 billion estimate [11] - Automotive revenue rose 47% to $1.14 billion, while software and services revenue surged 324% to $416 million [11] - The stock fell 5.23% to $12.50, but gained 3.2% to $12.90 in extended trading [10]

Core Insights - Upstart Holdings, Inc. reported quarterly earnings of $0.52 per share, exceeding the Zacks Consensus Estimate of $0.42 per share, and showing a significant improvement from a loss of $0.06 per share a year ago, resulting in an earnings surprise of +23.81% [1] - The company achieved revenues of $277.11 million for the quarter ended September 2025, which was slightly below the Zacks Consensus Estimate by 1.39%, but represented a year-over-year increase from $162.14 million [2] - Upstart has surpassed consensus EPS estimates in all four of the last quarters and has topped consensus revenue estimates three times during the same period [2] Earnings Outlook - The future performance of Upstart's stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is $0.54, with expected revenues of $302.78 million, and for the current fiscal year, the consensus EPS estimate is $1.66 on revenues of $963.44 million [7] Industry Context - The Financial - Miscellaneous Services industry, to which Upstart belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - The performance of Upstart's stock may also be influenced by the overall industry outlook, as empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions [5][8]

Core Insights - Upstart's revenue for the December quarter is anticipated to decelerate more than Wall Street's previous expectations [1] Group 1 - The company is facing a slowdown in revenue growth for the upcoming quarter [1]