Upstart (UPST) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

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]