As of Q4'25, UPST reported a net income of $18.64M, marking its second consecutive quarter in positive territory after a prolonged period of losses. The year-over-year net income growth rate reached an impressive 776.44% in Q4'25, highlighting a dramatic turnaround from previous quarters. From Q1'23 to Q2'25, UPST experienced persistent net losses, with the lowest point at -$129.25M in Q1'23. However, beginning in Q3'24, losses narrowed significantly, and by Q2'25 the company returned to profitability with $5.61M in net income. This positive momentum accelerated in Q3'25, peaking at $31.81M, before a slight dip in Q4'25. The YoY growth rates mirrored this recovery, shifting from deep negatives to strong triple-digit gains in the most recent quarters, indicating a robust financial rebound over the observed period.