Upstart also reported total revenue of $296 million in its fourth quarter, a 35% jump from the year-ago quarter.
Upstart (UPST) stock jumped nearly 7% in after-market hours on Tuesday after the company announced that its co-founder and Chief Technology Officer Paul Gu will take over as the company’s Chief Executive Officer.
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The company announced that Gu will take over the helm of the company on May 1, 2026.
Meanwhile, Upstart also reported its fourth-quarter results on Tuesday. The company reported total revenue of $296 million in its fourth quarter, a 35% jump from the year-ago quarter and beating average analysts’ estimates of $288.6 million, as per data from Fiscal.ai.
