Upstart (UPST) reported Q1 adjusted earnings Tuesday of $0.30 per diluted share, compared with a loss of $0.31 a year earlier.

Analysts polled by FactSet expected earnings of $0.17 per share.

Revenue for the quarter ended March 31 was $213.4 million, up from $127.8 million a year earlier.

Analysts surveyed by FactSet expected $201.3 million.

The company said it expects Q2 revenue of about $225 million.

Analysts polled by FactSet expect $226.2 million.

The company expects 2025 revenue of about $1.01 billion.

Analysts surveyed by FactSet expect $1 billion.

The company's shares were falling past 17% in recent after-hours activity.