🔹 Revenue: $257M (Est. $225.43M) 🟢; UP +102% YoY
🔹 Adj. EPS: -$0.17 (Est. $0.24) 🔴
FY Guidance:
🔹 Revenue: ~$1.055B (Est. $1.01B) 😐
Q3 Guidance:
🔹 Revenue: ~$280M (Est. $268.7M) 🟢
Other Metrics:
🔹 Loans Originated: 372,599; UP +159% YoY
🔹 Total Originations: $2.8B; UP +154% YoY
🔹 Conversion Rate: 23.9%; UP from 15.2% YoY
🔹 Revenue from Fees: $241M; UP +84% YoY
🔹 Contribution Profit: $141M; UP +85% YoY
🔹 Contribution Margin: 58%
🔹 Adjusted EBITDA: $53.1M
🔹 GAAP Net Income: $5.6M
🔹 GAAP Operating Income: $4.5M
CEO Commentary:
🔸 “A year ago, you saw the first signs that Upstart was returning to growth mode — and today you can see it in full bloom.”
🔸 “We reached GAAP profitability a quarter sooner than expected, and our newer businesses actually accelerated off their amazing growth in the first quarter.”