In the latest period of Q4'25, UPST's Gross Margin remained stable at 1%, reflecting consistent gross profitability. Operating Margin stood at 0.06%, indicating a slight dip from the prior quarter's 0.09% but still positive territory. Net Profit Margin was 0.063%, showing a modest decline from 0.115% in Q3'25, yet maintaining overall profitability. Over the period from Q1'23 to Q4'25, Gross Margin exhibited remarkable stability at 1% across all quarters, underscoring reliable cost management in core operations. Operating Margin improved dramatically from a deep negative of -1.28% in Q1'23 to positive values starting in Q2'25, with a peak of 0.09% in Q3'25 before a minor pullback, signaling enhanced operational efficiency. Net Profit Margin followed a similar upward trajectory, shifting from -1.26% in Q1'23 to a high of 0.115% in Q3'25 and settling at 0.063% in Q4'25, highlighting progressive profitability gains amid volatility in earlier quarters.