Upstart (UPST) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Core Insights - Upstart Holdings, Inc. reported a revenue of $296.09 million for the quarter ended December 2025, reflecting a year-over-year increase of 35.2% [1] - The earnings per share (EPS) for the quarter was $0.46, up from $0.26 in the same quarter last year, although it fell short of the consensus estimate of $0.47 by 1.6% [1] - The revenue exceeded the Zacks Consensus Estimate of $288.47 million, resulting in a positive surprise of 2.64% [1] Financial Performance Metrics - Transaction volume reached $3.2 million, surpassing the average estimate of $2.96 million from three analysts [4] - Revenue from fees, net, was reported at $265.22 million, exceeding the four-analyst average estimate of $262.3 million, marking a year-over-year increase of 33.1% [4] - Total interest income, interest expense, and fair value adjustments, net, amounted to $30.87 million, compared to the average estimate of $26.07 million from four analysts [4] - Revenue from servicing and other fees, net, was $42.94 million, slightly below the two-analyst average estimate of $45.08 million, with a year-over-year change of 28.1% [4] - Revenue from platform and referral fees, net, was reported at $222.28 million, exceeding the average estimate of $217.23 million from two analysts, representing a year-over-year increase of 34.1% [4] Stock Performance - Over the past month, Upstart's shares have returned -14.1%, while the Zacks S&P 500 composite remained unchanged [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]