secwatch.observer — SEC 8-K summary
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Issuer:     Upstart Holdings, Inc. (UPST)
CIK:        0001647639
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001647639-24-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Upstart Q3 revenue $162M (+20% YoY); net loss narrows to $6.8M; positive adj. EBITDA $1.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647639/000164763924000045/0001647639-24-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647639/000164763924000045/upst-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001647639-24-000045

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