Upstart's Business Surged Back in Q4

Here's our initial take on Upstart's (UPST -5.08%) fourth-quarter results.Key MetricsMetricQ4 FY23Q4 FY24Changevs. ExpectationsRevenue$140 million$219 million+56%BeatGAAP earnings per share (loss)($0.50)($0.03)n/aBeatAdjusted EBITDA$0.6 million$38.8 million+6,164%n/aUnit loan transaction volume129,664245,663+90%n/aDemand for loans is bouncing back, and the Upstart profit flywheel is ramping upUpstart's business has whipsawed around the past few years as strong initial demand in a low-interest rate environme ...