About Upstart Holdings, Inc. - Common stock (UPST)
Upstart Holdings Inc is a financial technology company that leverages artificial intelligence and advanced algorithms to improve the loan origination process. By utilizing a data-driven approach, the company enables lenders to make more informed credit decisions, ultimately facilitating faster and more accurate personal loans for consumers. Upstart's platform analyzes a wide variety of data points beyond traditional credit scores to assess risk, which helps expand access to credit for individuals who may be underserved by conventional lending practices. Additionally, Upstart partners with banks and credit unions, providing them with tools to enhance their lending operations while promoting financial inclusion. Read More
A number of stocks fell in the afternoon session after markets pulled back as a hotter-than-expected wholesale inflation report for July dampened hopes for a Federal Reserve interest rate cut. The U.S. Producer Price Index (PPI), a key measure of wholesale inflation, rose 0.9% month-over-month in July, far exceeding the 0.2% increase that economists had predicted. Annually, prices at the wholesale level jumped 3.3%, also surpassing the 2.5% forecast. This hotter-than-expected data has poured cold water on widespread expectations for an interest rate cut from the Federal Reserve next month. Persistent inflation makes it less likely for the central bank to ease monetary policy. Sectors with high-growth stocks, such as SaaS, are particularly sensitive to interest rate changes, as the prospect of higher rates for longer can diminish the present value of their future earnings, leading to a decline in stock prices.
Unprofitable companies can burn through cash quickly, leaving investors exposed if they fail to turn things around.
Without a clear path to profitability, these businesses risk running out of capital or relying on dilutive fundraising.
Shares of aI-powered lending platform Upstart (NASDAQ:UPST)
jumped 3.5% in the morning session after it announced a new partnership with ABNB Federal Credit Union to expand its personal loan offerings using its artificial intelligence (AI) lending platform. The credit union, which serves over 76,000 members, will leverage Upstart's AI technology to provide more consumers with access to digital personal loans. This news adds to the company's momentum as it continues to use its AI model, trained on extensive data points, to improve upon traditional credit scoring. The positive development helped investors look past the company's announcement from the previous day of an upsized $600 million convertible note offering, especially as a portion of the proceeds are intended to repurchase existing debt. The stock's move was also supported by a favorable market environment, where a broader tech rally boosted investor sentiment.
ABNB Federal Credit Union (ABNB), a member-owned financial institution serving over 76,000 members nationwide, has announced its partnership with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to offer personal loans to more consumers.
AI-powered lending platform Upstart (NASDAQ:UPST) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 102% year on year to $257.3 million. On top of that, next quarter’s revenue guidance ($280 million at the midpoint) was surprisingly good and 3.9% above what analysts were expecting. Its non-GAAP profit of $0.36 per share was 41.6% above analysts’ consensus estimates.
Upstart Holdings, Inc. (NASDAQ: UPST) today announced the pricing of $600,000,000 aggregate principal amount of 0% Convertible Senior Notes due 2032 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The aggregate principal amount of the offering was increased from the previously announced offering size of $500,000,000. Upstart also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $90,000,000 aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on August 14, 2025, subject to customary closing conditions.
Upstart Holdings, Inc. (NASDAQ: UPST) today announced its intention to offer, subject to market conditions and other factors, $500,000,000 aggregate principal amount of Convertible Senior Notes due 2032 (the “notes”) in a private offering (the “offering”) to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Upstart also expects to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $75,000,000 aggregate principal amount of the notes.
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