AI lending platform Upstart (NASDAQ:UPST) will be reporting results this Tuesday afternoon. Here’s what to expect.
Upstart missed analysts’ revenue expectations by 1.3% last quarter, reporting revenues of $277.1 million, up 70.9% year on year. It was a softer quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and revenue guidance for next quarter missing analysts’ expectations significantly.
Is Upstart a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Upstart’s revenue to grow 32% year on year to $289 million, slowing from the 56.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.46 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Upstart has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 6.8% on average.
Looking at Upstart’s peers in the vertical software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Dolby Laboratories’s revenues decreased 2.9% year on year, beating analysts’ expectations by 4.4%, and PTC reported revenues up 21.4%, topping estimates by 8.2%. Dolby Laboratories traded up 1.8% following the results while PTC was also up 1.7%.
Read our full analysis of Dolby Laboratories’s results here and PTC’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. Investors in vertical software stocks have been spared in this environment as share prices are down 18.8% on average over the last month. Upstart is down 15.2% during the same time and is heading into earnings with an average analyst price target of $56.64 (compared to the current share price of $38.32).
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