## Upstart: Latest News for May 12, 2025
### 1. Upstart and Fortress Investment Group Announce $1.2B Forward-Flow Agreement
Upstart and Fortress Investment Group have entered into a $1.2 billion forward-flow agreement. This deal aims to provide diversified and resilient capital sources for Upstart across different economic cycles. Fortress sees this partnership as an opportunity to access high-quality, risk-adjusted consumer credit assets through Upstart’s AI-powered origination platform, underscoring growing market confidence in Upstart’s technology and credit outcomes[1][4].
### 2. Upstart Announces Strong Q1 2025 Earnings
Upstart reported robust financial results for Q1 2025:
– Transaction volume: 240,706 loans (19.1% conversion rate)
– Total originations: $2.1 billion (up 89% year-over-year)
– Total revenue: $213 million (up 67% YoY)
– GAAP net loss narrowed sharply to ($2.4) million from ($64.6) million in Q1 2024
– Adjusted EBITDA turned positive: $42.6 million (20% margin)
Looking forward, Upstart expects Q2 2025 revenue of approximately $225 million and projects full-year 2025 revenue of about $1.01 billion, with positive GAAP Net Income anticipated in the second half of 2025[4].
### 3. Upstart to Host AI Day Event
Upstart announced its inaugural Upstart AI Day event, scheduled for May 14, 2025, in New York City. The event is expected to highlight the company’s latest advances and applications in AI-driven lending technology[4].
### 4. Lake Trust Credit Union Partners with Upstart
Lake Trust Credit Union, which serves 200,000 members in Michigan and manages over $2.5 billion in assets, has partnered with Upstart. This collaboration will leverage Upstart’s AI technology to expand Lake Trust’s personal lending services, promoting innovation and access to credit in the region[4].
### 5. Analyst and Market Response
Upstart’s financial and partnership news has been positively received by analysts, with the company’s guidance reflecting confidence in reaching approximately $1 billion in revenue and GAAP net income breakeven by the end of 2025. The strategic moves and improved financials signal a significant turnaround compared to the previous year’s losses[4].
For continuous updates and press releases, refer to Upstart’s investor relations and news sections[1][2][4].