Welcome to our dedicated page for Upstart Holdings news (Ticker: UPST), a resource for investors and traders seeking the latest updates and insights on Upstart Holdings stock.
Upstart Holdings Inc (UPST) operates an AI-powered lending platform that transforms credit assessment through machine learning. This news hub provides investors and financial professionals with essential updates about the company's operations and market position.
Access consolidated UPST news including earnings announcements, strategic partnerships, product developments, and regulatory filings. Our repository serves as a reliable source for tracking the company's progress in consumer lending innovation and banking technology solutions.
Key updates cover artificial intelligence advancements in credit scoring, expansion of loan products, and collaborations with financial institutions. Stay informed about developments in personal lending, auto financing, and Upstart's SaaS offerings for banks.
Bookmark this page for streamlined access to official press releases and curated financial analysis. Regularly updated content helps stakeholders monitor UPST's performance in the evolving fintech sector.
First Commonwealth Federal Credit Union has partnered with Upstart (NASDAQ: UPST) to expand access to personal loans across Pennsylvania and New Jersey. The partnership, initiated in December 2024, enables First Commonwealth to leverage Upstart's AI-powered credit decisioning system to serve low- and moderate-income borrowers more inclusively.
Through the Upstart Referral Network, eligible loan applicants on Upstart.com receive tailored loan offers and transition to a First Commonwealth-branded experience for membership application and loan closing. The integration of Upstart APIs with First Commonwealth's core banking platform ensures seamless member onboarding and enhanced service opportunities.
Upstart Holdings (NASDAQ: UPST), an AI lending marketplace, has scheduled its first quarter 2025 financial results announcement for May 6, 2025. The company will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET on the same day.
The earnings press release and investor presentation will be made available on Upstart's investor relations website at ir.upstart.com after market close. Interested parties can access the live webcast through the company's investor relations website, while the conference call can be joined via phone using the code 8144054 (+1 888-204-4368 for US/Canada, +1 313-209-4906 for international).
Broadway Financial (NASDAQ: BYFC), parent company of City First Bank, has appointed Mary Hentges to its board of directors effective March 5, 2025. Hentges will serve on multiple committees including the Audit Committee, Risk and Compliance Committee, and Internal Asset Review Committee until the 2026 annual meeting.
Hentges brings significant financial expertise, having served as an Advisor for Jiko Group since 2019 and holding CFO positions at several companies including PayPal (2003-2010), CBS Interactive (2010-2012), and Yapstone (2012-2014). She currently serves on the boards of Upstart Holdings (NASDAQ: UPST) and Akili (NASDAQ: AKIL), among others.
The appointment follows a thorough review process by the Corporate Governance Committee, considering recommendations from Board members and management. The Board size has been increased to ten directors to accommodate this appointment.
Upstart (UPST), the AI lending marketplace, has appointed Peter Bernard to its Board of Directors. Bernard currently serves as Board Chair of Barclays Bank, U.S., and brings extensive experience in banking, risk management, and financial markets. His previous roles include COO at Root Capital, managing director and chief risk officer at D.E. Shaw & Co., CFO at RiskMetrics, and president/co-founder of New Bond Trading.
CEO Dave Girouard highlighted Bernard's expertise in banking and risk management as particularly valuable for Upstart's funding expansion plans. Bernard expressed alignment with Upstart's mission, stating his belief that AI is making lending more affordable, inclusive, and transparent.
Holyoke Credit Union has partnered with Upstart (NASDAQ: UPST) to expand its personal lending capabilities. The Massachusetts-based credit union joined the Upstart Referral Network in December 2024, aiming to digitally and geographically extend its reach to new members.
Through this partnership, qualified personal loan applicants on Upstart.com who meet Holyoke's credit policies will receive tailored offers and transition to a Holyoke-branded experience for completing their online member application and closing process. The collaboration aligns with Holyoke's mission to provide accessible, high-quality, and affordable financial products and services to help members thrive.
Upstart Holdings (UPST) reported strong Q4 2024 results with total revenue reaching $219 million, up 56% year-over-year and 35% quarter-over-quarter. The company originated 245,663 loans totaling $2.1 billion, representing a 68% YoY increase. The conversion rate improved significantly to 19.3% from 11.6% in Q4 2023.
Q4 GAAP net loss narrowed to ($2.8) million from ($42.4) million in Q4 2023, with adjusted EBITDA reaching $38.8 million. For full-year 2024, total revenue was $637 million, up 24% YoY, with 697,092 loans originated totaling $5.9 billion.
Looking ahead, Upstart provided strong guidance for 2025, projecting approximately $1 billion in revenue and expecting to reach GAAP net income breakeven. The company also announced an upcoming Upstart AI Day event scheduled for May 14, 2025, in New York City.
Pelican State Credit Union, Louisiana's largest state-chartered credit union serving over 50,000 members nationwide, has partnered with Upstart (NASDAQ: UPST) to expand its personal lending operations. The partnership, initiated in August 2024, integrates Pelican into the Upstart Referral Network, enabling qualified loan applicants on Upstart.com to receive tailored offers through a Pelican-branded experience.
Through this collaboration, Pelican aims to digitally reach new prospective members across the Southern United States, offering them access to affordable credit. The partnership leverages Upstart's AI lending marketplace to provide a fast, digital-first lending experience while helping Pelican grow and diversify its membership and loan portfolio.
Upstart (UPST) has announced major enhancements to its Auto Retail platform's In-Store and Financing solutions. The updates focus on improving dealership operations through faster deal configuration, streamlined financing workflows, and expedited sales closures. Key improvements include a redesigned layout for faster desking, enhanced credit insights with FICO Auto Scores, and AI-powered financing options.
According to Chad Bouchard of Ron Bouchard Honda and Kia, dealerships using the platform are seeing increased efficiency, with salespeople selling up to five more cars per month. The platform enables loan-to-value ratios as high as 185% and can reduce deal processing time by half. The system provides comprehensive credit information and automatically highlights better financing terms, helping dealers maximize profits while streamlining the car-buying process.
Upstart Holdings (NASDAQ: UPST), an AI lending marketplace company, has announced it will release its fourth quarter and full year 2024 financial results on February 11, 2025. The company will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET on the same day.
The earnings press release and investor presentation will be available on Upstart's investor relations website (ir.upstart.com) after market close. Investors can access the live webcast through the company's IR website, and an archived version will be available afterward. For those joining by phone, U.S. and Canada participants can dial +1 888-394-8218, while international participants can call +1 313-209-4906, using conference code 1025998.
Sandia Area Federal Credit Union, a New Mexico-based credit union with nearly 90,000 members and over $1.2 billion in assets, has partnered with Upstart (NASDAQ: UPST) to expand its personal lending operations. The partnership, which began in April 2024 through the Upstart Referral Network, enables qualified loan applicants on Upstart.com to receive tailored offers and transition to a Sandia Area-branded experience.
Through this collaboration, Sandia Area aims to scale its personal loan offering while providing online access to affordable credit across New Mexico. The partnership allows Sandia Area to expand its membership and diversify its loan portfolio while offering members access to additional high-quality products and services.
