secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001647639-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upstart Q4 2023 revenue $140M, net loss $42.4M; Q1 2024 guidance revenue ~$125M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763924000006/0001647639-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763924000006/upst-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001647639-24-000006

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