Management said the company delivered a strong finish to 2025, with fourth-quarter net income of $12.9 million , or $1.30 in diluted earnings per share, up 33% year-over-year. Lamba said the result exceeded guidance even though the company recorded a larger provision for credit losses tied to stronger-than-expected portfolio growth.Investments in people, technology, data and analytics, and credit risk management to improve the digital origination and servicing journeyPresident and CEO Lakhbir Lamba said the ...

Company Overview - Upstart Holdings, Inc. (NASDAQ:UPST) is a fintech firm founded in 2012 that has originated approximately $48 billion in loans, representing a small share of the overall lending market [2] - The company partners with over 100 banks and credit unions, offering personal loans, auto refinancing, and home equity lines of credit, which together represent a multi-trillion-dollar opportunity [2] Innovation and Technology - A key innovation of Upstart is the use of artificial intelligence to replace traditional FICO credit scoring, analyzing more than 2,500 borrower variables to better assess credit risk and reduce defaults [2] Recent Developments - In early November, Upstart announced a new 12-month forward-flow agreement with alternative investment firm Castlelake, under which Castlelake has agreed to purchase up to $1.5 billion in consumer loans originated on the Upstart platform [3] - This agreement marks the third deal between Upstart and Castlelake, following earlier purchase agreements of $4 billion and $1.2 billion [3] Market Position - Upstart operates a cloud-based AI lending platform in the United States, positioning itself within a rapidly evolving fintech landscape [3]