🗓 May 7, 2025

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🧠 What They Do

Upstart is a U.S. fintech company founded in 2012 by ex-Google employees, including CEO Dave Girouard.
The platform uses AI to assess creditworthiness beyond traditional scores — factoring in education, work history, and other non-standard data points.

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📈 Financial Snapshot (Q1 2025)

• 💵 Revenue: $213M — up 67% YoY
• 📉 Net Loss (GAAP): $2.4M — a major improvement from $64.6M loss a year ago
• 📊 Adjusted EBITDA: $30M — beating analyst expectations
• 🔮 Q2 Forecast: $225M revenue, ~$10M net loss
• 📅 Full-Year 2025 Guidance: ~$1.01B revenue, positive GAAP net income expected
• 📉 P/E Ratio (April 2025): -33.07 (still operating at a loss)

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🤖 Product Highlights

• AI Credit Models: Improves loan access for underserved borrowers
• 100+ banking partners using Upstart’s white-label platform
• Auto lending: Rapid growth via dealer and direct-to-consumer offerings

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📊 Lending Metrics

• Loans Issued (Q1 2025): 240,706 — up 102% YoY
• Signals strong product-market fit and improving underwriting efficiency

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🧠 Leadership & Strategy

• CEO: Dave Girouard, ex-Google
• Strategy: Expand product range, refine risk models, and grow partner network

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💡 Why It Matters

Upstart is proving that AI can disrupt the credit industry — with soaring loan volume and improving margins.
While losses persist, the trajectory is positive. If execution continues, 2025 could be the year Upstart moves into profitability and becomes a serious player in next-gen lending.

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🔍 Stay tuned for tomorrow’s featured company in the Startup of the Day series.

#StartupOfTheDay #Upstart #Fintech2025 #AIinBanking #DisruptiveFinance