See more : After You Public Company Limited (AU.BK) Income Statement Analysis – Financial Results
Complete financial analysis of Upstart Holdings, Inc. (UPST) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Upstart Holdings, Inc., a leading company in the Financial – Credit Services industry within the Financial Services sector.
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Upstart Holdings, Inc. (UPST)
About Upstart Holdings, Inc.
Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. Its platform aggregates consumer demand for loans and connects it to its network of the company's AI-enabled bank partners. The company was founded in 2012 and is headquartered in San Mateo, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 513.56M | 853.29M | 851.86M | 241.44M | 190.67M | 125.80M | 66.71M |
| Cost of Revenue | 24.90M | 187.99M | 117.58M | 37.58M | 24.95M | 15.42M | 10.23M |
| Gross Profit | 488.66M | 665.29M | 734.28M | 203.86M | 165.73M | 110.38M | 56.48M |
| Gross Profit Ratio | 95.15% | 77.97% | 86.20% | 84.43% | 86.92% | 87.75% | 84.66% |
| Research & Development | 280.14M | 237.25M | 134.00M | 38.80M | 18.78M | 8.42M | 5.32M |
| General & Administrative | 212.39M | 185.29M | 121.44M | 45.61M | 31.87M | 19.82M | 15.43M |
| Selling & Marketing | 127.14M | 345.78M | 333.45M | 99.66M | 93.18M | 63.63M | 33.84M |
| SG&A | 339.53M | 531.07M | 454.89M | 145.27M | 125.04M | 83.45M | 49.27M |
| Other Expenses | 150.42M | 9.47M | -5.17M | 5.55M | 1.04M | 487.00K | 330.00K |
| Operating Expenses | 770.09M | 773.00M | 597.31M | 190.13M | 145.22M | 95.12M | 55.91M |
| Cost & Expenses | 770.09M | 960.99M | 714.88M | 227.72M | 170.17M | 110.53M | 66.14M |
| Interest Income | 169.00M | 105.58M | 47.31M | 4.82M | 63.31M | 76.68M | 21.13M |
| Interest Expense | 34.89M | 10.84M | 3.27M | 8.03M | 26.49M | 26.48M | 9.42M |
| Depreciation & Amortization | 24.90M | 13.51M | 7.54M | 2.28M | 774.00K | 314.00K | 93.00K |
| EBITDA | -215.12M | -89.51M | 140.88M | 11.77M | 0.00 | 0.00 | 0.00 |
| EBITDA Ratio | -41.89% | -10.49% | 17.95% | 9.14% | 11.90% | 14.97% | 2.96% |
| Operating Income | -256.52M | -103.02M | 145.39M | 19.79M | 21.91M | 18.51M | 1.88M |
| Operating Income Ratio | -49.95% | -12.07% | 17.07% | 8.20% | 11.49% | 14.72% | 2.82% |
| Total Other Income/Expenses | 16.50M | 4.79M | -7.15M | -5.82M | -4.95M | -11.22M | -8.86M |
| Income Before Tax | -240.03M | -109.07M | 133.73M | 5.95M | -4.95M | -11.22M | -8.86M |
| Income Before Tax Ratio | -46.74% | -12.78% | 15.70% | 2.46% | -2.59% | -8.92% | -13.27% |
| Income Tax Expense | 107.00K | 409.00K | 1.71M | 371.00K | 74.00K | 1.10M | 6.00K |
| Net Income | -240.13M | -108.67M | 135.44M | 5.98M | -466.00K | -12.32M | -7.72M |
| Net Income Ratio | -46.76% | -12.73% | 15.90% | 2.48% | -0.24% | -9.79% | -11.57% |
| EPS | -2.87 | -1.31 | 1.73 | 0.08 | -0.01 | -0.87 | -0.56 |
| EPS Diluted | -2.87 | -1.31 | 1.43 | 0.08 | -0.01 | -0.87 | -0.56 |
| Weighted Avg Shares Out | 83.77M | 82.77M | 78.11M | 73.31M | 73.31M | 14.13M | 13.87M |
| Weighted Avg Shares Out (Dil) | 83.77M | 82.77M | 94.77M | 73.31M | 73.31M | 14.13M | 13.87M |
Upstart: This Is The Perfect Time To Sell (Rating Downgrade)
Upstart's Q3 earnings exceeded expectations, driven by strong demand for personal and auto loans, resulting in a 46% surge in share price and a $2.2B market cap increase. The fintech's revenue grew 27% quarter-over-quarter, with decent improvements in key metrics...
Upstart: Don't Get Too Much Excited
Upstart Holdings has shown improved operating momentum in Q3, with a 43% increase in lending volume and positive adjusted EBITDA, but remains a risky investment. The company's AI lending models are still in a validation phase and have not been...
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Compared to Estimates, Upstart (UPST) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for Upstart (UPST) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Volatile FinTech Stocks Highlight Promise, Perils of Financial Services' Digital Makeover
On Wall Street, what goes up must go down, and vice versa. A momentous week with a seesaw of volatility in the markets could be rightly chalked up to the seismic shifts from elections Tuesday (Nov. 5).
Why Upstart Rocketed Almost 50% Today
Upstart's earnings show the company is firmly back in growth mode.
Upstart's Enhanced Lending Model Drives Revenue Growth, Analyst Sees Further Upside Potential
Piper Sandler analyst Arvind Ramnani upgraded Upstart Holdings, Inc. UPST to Overweight from Neutral, raising the price forecast to $85 from $31.
Upstart's stock roars higher. Here's why analysts say the tide is turning.
Analysts say the AI lender is on a better track is it benefits from an improved interest-rate climate, funding partnerships and “solid” credit trends.
Upstart Holdings, Inc. (UPST) Q3 2024 Earnings Call Transcript
Upstart Holdings, Inc. (NASDAQ:UPST ) Q3 2024 Earnings Conference Call November 7, 2024 4:30 PM ET Company Participants Alice Berry - Senior Director of Investor Relations Dave Girouard - Co-Founder & Chief Executive Officer Sanjay Datta - Chief Financial Officer...
Source: https://incomestatements.info
Category: Stock Reports