Upstart Q4 revenue down 52% YoY to $147M; net loss $55.3M; guides Q1 revenue ~$100M

Upstart Holdings, Inc.

2022-FY EPS reported -$1.31 revenue$842,444,000

Q4 revenue $147M (-52% YoY); GAAP net loss $55.3M ($0.67 diluted loss per share); adjusted EPS loss $0.25.
Loans originated $1.5B (-62% YoY); conversion rate 11% vs 24% prior year; contribution margin 53%.
FY2022 revenue $842M (-1% YoY); GAAP net loss $108.7M vs $135.4M profit in 2021; adj. net income $19.4M.
Q1 2023 guidance: revenue ~$100M, contribution margin ~55%, adjusted EBITDA (~$45M) loss.
Repurchased 5.9M shares for ~$178M in FY2022 (1.4M shares for ~$28M in Q4).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Upstart Holdings, Inc. reported the fiscal quarter and full fiscal year 2022 ended December 31, 2022 results: revenue $147 million, net income $(55.3) million, EPS $(0.67).

Period: the fiscal quarter and full fiscal year 2022 ended December 31, 2022
Revenue: $147 million
Net income: $(55.3) million
EPS: $(0.67)
Result: reported results

Exact text from the filing

reinvent credit so that it works for everyone and excited to remind the world what Upstart is capable of.” Fourth Quarter 2022 Financial Highlights • Revenue. Total revenue was $147 million, a decrease of 52% from the fourth quarter of 2021. Total fee revenue was $156 million, a decrease of 46% year-over-year. • Transaction Volume and Conversion Rate. Lending

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Source: SEC EDGAR

accession 0001647639-23-000012

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