secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001647639-22-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upstart Q1 2022 revenue $310M (+156% YoY), GAAP EPS $0.34; Q2 guidance implies net loss near zero
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763922000016/0001647639-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763922000016/upst-20220509.htm
  HTML page:      https://secwatch.observer/filing/0001647639-22-000016

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