secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001647639-23-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763923000012/0001647639-23-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763923000012/upst-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001647639-23-000012

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