CSIMarket
 
Upstart Holdings Inc   (UPST)
Other Ticker:  
 
 
Price: $23.6300 $0.38 1.634%
Day's High: $23.872 Week Perf: -10.05 %
Day's Low: $ 22.84 30 Day Perf: -10.7 %
Volume (M): 4,360 52 Wk High: $ 72.58
Volume (M$): $ 103,032 52 Wk Avg: $30.34
Open: $23.01 52 Wk Low: $11.93



 Market Capitalization (Millions $) 1,977
 Shares Outstanding (Millions) 84
 Employees 650
 Revenues (TTM) (Millions $) 514
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) -65
 Capital Exp. (TTM) (Millions $) 12

Upstart Holdings Inc
Upstart Holdings Inc is a publicly traded company that provides online personal lending services to consumers. The company was founded in 2012 by ex-Google employees, Dave Girouard, Anna Counselman, and Paul Gu. The company is headquartered in San Francisco, California, and has offices in Columbus, Ohio, and Greenville, South Carolina.

Upstart Holdings Inc uses an artificial intelligence-based underwriting process to evaluate loan applications. The process involves evaluating a borroweres creditworthiness based on factors like their education, employment history, and other personal information. The AI model considers predictive data points like past credit score trends, work history, and education level to determine an applicantes risk profile, and offers personalized pricing offers accordingly.

Upstartes lending platform is unique in the industry as they partner with banks and credit unions to leverage their strong balance sheets and regulatory frameworks. This enables Upstart to provide unsecured consumer loans to borrowers with high credit risk profiles, who may have otherwise been denied loans by traditional lenders.

Upstart offers personal loans for a variety of needs ranging from debt consolidation, credit card payments, refinancing, and personal expenses. Upstart currently offers loans that range from $1,000 to $50,000, with repayment terms ranging from three to five years. The company charges an origination fee of up to 8% of the loan amount, and their APRs start from53%, making it an affordable option for borrowers who qualify.

Upstart Holdings Inc went public on December 16, 2020, through an Initial Public Offering (IPO) and began trading under the ticker symbol eUPSTe on the NASDAQ stock exchange. Their IPO raised $240 million, with its stock popping 47% on the first day of trading. The company's market capitalization stood at approximately $13 billion as of July 2021.

In conclusion, Upstart Holdings Inc is a unique fintech company in the lending industry that aims to disrupt traditional lending practices by leveraging AI-based underwriting methods. Their partnerships with banks and credit unions make them a trustworthy platform for personal loans. While they are relatively new to the market, they have gained significant traction and are expected to continue to grow and innovate in the financial services space.


   Company Address: 2950 S. Delaware Street San Mateo 94403 CA
   Company Phone Number: 212-2461   Stock Exchange / Ticker: NASDAQ UPST
   


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
• View Complete Report
   



Upstart Holdings Inc

Upstart Holdings Inc surprises investors with unexpected tax charge of $0.06 million!



Upstart Holdings Inc, a Miscellaneous Financial Services company, faced a challenging October to December 31, 2023, interval as it recorded a loss of $0.48 per share, an improvement compared to the previous year's loss of $0.68 per share. However, this slight improvement does little to alleviate the concerns surrounding the company's declining revenue and mounting deficits. Moreover, despite a potential net profit once a tax charge is excluded, the company's accounts receivable growth and recent stock performance warrant caution.
Contracted Revenue and Industry Divergence
Upstart Holdings Inc witnessed a decline in revenue by 4.493% to $140.31 million during the October to December 31, 2023 interval compared to $146.91 million in the same period the year before. Sequentially, revenue recovered by 4.277% from $134.56 million. However, this growth is overshadowed by the impressive performance of the rest of the Miscellaneous Financial Services sector, which posted a remarkable 13.57% revenue increase during the fourth quarter of 2023. This discrepancy raises significant concerns regarding Upstart Holdings Inc's ability to compete in the industry and generate sustainable revenue growth.

Upstart Holdings Inc

Upstart Rockefeller: Powerhouse Holdings Inc reports record-breaking $0.01 million tax charge

Upstart Holdings Inc, a leading online lender, recently released its financial results for the fiscal quarter ending on September 30, 2023. The company reported a loss per share of $-0.48, a significant improvement compared to the loss per share of $-0.69 in the same period a year ago. Additionally, the loss per share increased by $-0.14 from the previous quarter. Despite the loss, there are positive signs for Upstart Holdings Inc, including a surge in revenue and a decrease in the net shortfall.
The company experienced a decline in revenue of approximately 14.422%, reporting $134.56 million for the quarter compared to $157.23 million in the same period last year. Additionally, the revenue decreased slightly by 0.891% from the previous quarter's $135.77 million. Although the revenue decline is concerning, it is important to note that the company reported a net shortfall of only $-0.010 million, as opposed to the $-0.012 million deficit in the previous year's quarter. The exclusion of a $0.01 million tax charge would result in the company showing a net profit for the quarter.

Upstart Holdings Inc

Upstart Holdings Inc Shows Promise with Strong Financials, But Challenges Loom

Upstart Holdings Inc Shows Promising Financials in Recent Report but Faces Challenges Ahead
Investors in Upstart Holdings Inc, a leading technology company specializing in online lending, received positive news in their latest financial report for the fiscal time-frame ending June 30, 2023. The company managed to decrease its loss per share compared to the previous year and saw an improvement in earnings per share. However, challenges in revenue growth and net shortfall still pose concerns for the company moving forward.
During the stated fiscal period, Upstart Holdings Inc reported a loss per share of $-0.34, a slight decrease from the $-0.36 loss per share reported a year earlier. Additionally, earnings per share improved from $-1.58 in the previous financial reporting period. Despite these positive developments, there is still room for improvement in order to achieve profitability.

Upstart Holdings Inc

Upstart Holdings Inc's Q1 Financials Show Positive Growth Despite $0.02 Million Tax Charge

Miscellaneous Financial Services Company Reports Disastrous Q1 2023 Results
The Miscellaneous Financial Services Company has reported a significantly disappointing Q1 2023 financial report. The company's revenue plummeted by 79.365% to $102.93 million, and net loss per share has grown to $-1.58, which is a massive difference from the previous financial reporting period in the year before. Compared to the preceding financial reporting period of $-0.69 per share, revenue also tumbled by 34.539% from $157.23 million.
Upstart Holdings Inc, which is one of the companies owned by Miscellaneous Financial Services Company, reported a net deficit of $-0.016 million, instead of a bottom line of $99.074 million recorded in the same financial reporting period a year before. Excluding a $0.02 million tax charge, which the company has recorded, the results for the most recent fiscal period would show a net profit.






 

Upstart Holdings Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Upstart Holdings Inc does not provide revenue guidance.

Earnings Outlook
Upstart Holdings Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com