Upstart Holdings, Inc. reports developments in its artificial intelligence lending marketplace, which connects consumer loan demand with banks and credit unions using Upstart AI models and cloud applications. Company updates commonly address personal lending, automotive retail and refinance loans, home equity lines of credit and Cash Line, a revolving credit product.
Recurring news also covers financial results and loan origination trends, new lending partner relationships, forward-flow agreements for consumer loans originated through the platform, and ABS securitizations backed by Upstart-originated loans. Announcements may also include leadership and investor-conference updates tied to the company’s public-company reporting cycle.
Upstart Holdings (NASDAQ: UPST) announced plans to offer $500 million in Convertible Senior Notes due 2032 through a private offering to qualified institutional buyers. The company will also grant initial purchasers an option for an additional $75 million in notes.
The notes will be convertible into cash, UPST common stock, or a combination thereof. Upstart plans to use the proceeds to fund capped call transactions, potentially repurchase a portion of its existing 2026 Notes, and for general corporate purposes. The company will enter into capped call transactions to reduce potential dilution and offset cash payments above the principal amount of converted notes.
Upstart (NASDAQ: UPST), the AI lending marketplace, reported outstanding Q2 2025 financial results, marking a significant turnaround with triple-digit growth and unexpected early profitability. The company achieved $257 million in total revenue, up 102% year-over-year, with transaction volume soaring 159% to 372,599 loans.
Key metrics show substantial improvement, including GAAP net income of $5.6 million (versus -$54.5M in Q2 2024) and Adjusted EBITDA of $53.1 million (versus -$9.3M). The company's conversion rate improved to 23.9% from 15.2% year-over-year.
Looking ahead, Upstart projects Q3 2025 revenue of $280 million and full-year 2025 revenue of approximately $1.055 billion, with expected GAAP net income of $35 million for the year.
Upstart (NASDAQ: UPST) has announced a strategic partnership with Cabrillo Credit Union to expand personal lending services. Cabrillo, serving 26,000 members in the San Diego area, joined the Upstart Referral Network in April 2025.
Through this partnership, qualified loan applicants on Upstart.com who meet Cabrillo's credit criteria will receive tailored offers and transition to a Cabrillo-branded experience for completing their online member application. The collaboration enables Cabrillo to leverage Upstart's AI-powered lending marketplace to provide automated personal lending services while expanding its membership base.
Upstart Holdings (NASDAQ: UPST), a leader in AI-powered lending marketplaces, has scheduled its second quarter 2025 financial results announcement for August 5, 2025. The company will host a conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the results.
The earnings release and investor presentation will be accessible on Upstart's investor relations website at ir.upstart.com after market close. Investors can join via webcast or dial in using dedicated numbers for US/Canada (+1 888-394-8218) and international (+1 313-209-4906) participants, using conference code 3483881.
[]Upstart (NASDAQ: UPST) has announced a strategic partnership with Cobalt Credit Union, a credit union managing over $1.3 billion in assets and serving 115,000 members. The partnership, which began in March 2025, enables Cobalt to offer personal loans, HELOCs, and auto refinance loans through Upstart's AI lending marketplace.
Through the Upstart Referral Network, qualified applicants on Upstart.com who meet Cobalt's criteria will receive tailored offers and transition to a Cobalt-branded experience. Additionally, Cobalt is purchasing HELOC portfolios from Upstart Mortgage to diversify its lending offerings.
All In Credit Union, serving 200,000 members with $3.6 billion in assets, has partnered with Upstart (NASDAQ: UPST) to expand its personal lending capabilities. The partnership, which began in March 2025, integrates All In into the Upstart Referral Network, allowing qualified loan applicants on Upstart.com to receive tailored offers through an All In Credit Union-branded experience.
The collaboration aims to help All In Credit Union expand its digital membership while providing affordable personal loans to underserved, creditworthy borrowers. The partnership leverages Upstart's AI-powered lending marketplace to offer an all-digital lending solution to new members across All In's service communities.
Upstart Holdings (NASDAQ: UPST), an AI-powered lending marketplace, has announced that its Co-founder and CTO Paul Gu, along with CFO Sanjay Datta, will participate in a fireside chat at the BofA Securities 2025 Global Technology Conference. The event is scheduled for June 3, 2025, at 10:40 AM PT (1:40 PM ET). Investors can access the live audio webcast through Upstart's investor relations website at ir.upstart.com, with a replay available for a limited time after the event.