earnings
confidence high
sentiment neutral
materiality 0.75
Upstart Q1 2022 revenue $310M (+156% YoY), GAAP EPS $0.34; Q2 guidance implies net loss near zero
Upstart Holdings, Inc.
2022-Q1 EPS reported
$0.34
revenue$310,136,000
- Total revenue $310M (+156% YoY); GAAP net income $32.7M vs $10.1M YoY; adjusted EPS $0.61.
- Platform originated 465,537 loans ($4.5B), up 174% YoY; conversion 21% vs 22% YoY.
- Q2 2022 guidance: revenue $295-305M, adjusted EBITDA $32-34M, GAAP net loss up to $4M.
- Full-year 2022 revenue guidance revised to ~$1.25B; adjusted EBITDA margin ~15%.