US Stock Market Move | Q4 performance and 2025 guidance both exceeded expectations, Upstart (UPST.US) surged nearly 30%.

On Wednesday, Upstart (UPST.US) surged nearly 30%, reaching $87.37. On the news front, the company's Q4 revenue increased by 56% year-on-year to $219 million, exceeding market expectations of $182 million; adjusted earnings per share were $0.26, beating market expectations of a loss of $0.04 per share. Upstart issued a total of 245,663 loans in Q4, totaling $2.1 billion, up 68% year-over-year and 33% quarter-over-quarter; its conversion rate was 19.3%, higher than the 11.6% in the fourth quarter of 2023. Upstart expects full-year revenue of around $1 billion in 2025, surpassing market expectations of $823 million.