8-K
filed February 13, 2024, 6:59 PM ET
ticker UPST
CIK 0001647639
earnings
confidence high
sentiment negative
materiality 0.75
Upstart Q4 2023 revenue $140M, net loss $42.4M; Q1 2024 guidance revenue ~$125M
Upstart Holdings, Inc.
2023-FY EPS reported
-$2.87
revenue$513,562,000
- Q4 revenue $140M (-4% YoY, +4% seq); GAAP net loss $42.4M vs $55.3M loss YoY.
- Adjusted net loss $9.7M; GAAP diluted EPS -$0.50, adjusted EPS -$0.11.
- Loan volume $1.3B (-19% YoY); conversion rate 11.6% (up from 10.5% YoY).
- FY2023 revenue $514M (-39% YoY); GAAP net loss $240M vs $109M loss prior year.
- Q1 2024 outlook: revenue ~$125M, net loss ~$75M, adjusted EBITDA ~$(25)M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
Upstart Holdings, Inc. reported financial results for the fiscal quarter and full fiscal year ended December 31, 2023.
- Period
- the fiscal quarter and full fiscal year ended December 31, 2023
- Result
- reported results
Exact text from the filing
a more resilient and diversified company that can thrive through a wide range of economic conditions.” Fourth Quarter 2023 Financial Highlights • Revenue. Total revenue was $140 million, a decrease of 4% from the fourth quarter of 2022, but up 4% sequentially. Total fee revenue was $153 million, a decrease of 2% year-over-year. • Transaction Volume and
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.99
Upstart Holdings, Inc. reported financial results for the fiscal quarter and full fiscal year ended December 31, 2023.
- Period
- the fiscal quarter and full fiscal year ended December 31, 2023
- Result
- reported results
Exact text from the filing
Upstart Announces Fourth Quarter and Full Year 2023 Results
View on SEC.gov
This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice.
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