secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001647639-21-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upstart Q3 revenue $228M (+250% YoY); net income $29.1M; guided Q4 rev $255-265M
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- Total revenue $228M, up 250% YoY; fee revenue $210M, up 235%.
- GAAP net income $29.1M ($0.30 diluted EPS); adjusted net income $57.4M ($0.60 adjusted EPS).
- Platform originated 362,780 loans totaling $3.13B, up 244% YoY; conversion rate 23% vs 15%.
- Adjusted EBITDA $59.1M (26% margin), up from $15.5M in Q3 2020.
- Q4 2021 guidance: revenue $255-265M, contribution margin ~47%, adjusted net income $48-50M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763921000035/0001647639-21-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763921000035/upst-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001647639-21-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer