earnings
confidence high
sentiment positive
materiality 0.70
Upstart Q3 revenue $162M (+20% YoY); net loss narrows to $6.8M; positive adj. EBITDA $1.4M
Upstart Holdings, Inc.
2024-Q3 EPS reported
-$1.42
revenue$417,564,000
- Revenue $162M (+20% YoY, +27% sequentially); fee revenue $168M.
- GAAP net loss $6.8M vs $40.3M loss last year; EPS -$0.07; adj. EPS -$0.06.
- Transaction volume $1.6B (+30% YoY, +43% seq); conversion rate 16.3% (up from 9.5%).
- Adjusted EBITDA positive at $1.4M; Q4 guidance: revenue ~$180M, adjusted EBITDA ~$5M.
- Income from operations -$45.2M, slightly worse than -$43.8M last year.