Upstart Holdings, Inc. [Rocket]

Overview

Upstart Holdings, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
10/12/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/11/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
10/10/2023	144	Form 144 - Report of proposed sale of securities:
10/10/2023	144	Form 144 - Report of proposed sale of securities:
10/04/2023	4	Datta Sanjay (CFO) has filed a Form 4 on Upstart Holdings, Inc.
10/04/2023	4	Gu Paul (Chief Technology Offier) has filed a Form 4 on Upstart Holdings, Inc.
10/02/2023	144	Form 144 - Report of proposed sale of securities:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17
Revenues	848.6	233.4	164.2	99.3	57.3
Revenue growth	263.6%	42.2%	65.3%	73.4%
Cost of goods sold	0.0	0.0	0.0	15.4	0.0
Gross profit	848.6	233.4	164.2	83.9	57.3
Gross margin	100.0%	100.0%	100.0%	84.5%	100.0%
Sales and marketing	333.5	99.7	93.2	63.6	33.8
Research and development	134.0	38.8	18.8	8.4	5.3
General and administrative	122.7	45.6	31.9	19.8	15.4
EBIT	140.9	11.8	-4.6	-8.0	-7.5
EBIT margin	16.6%	5.0%	-2.8%	-8.0%	-13.2%
Pre-tax income	132.0	6.3	-4.9	-11.2	-7.7
Income taxes	-1.7	0.4	0.1	0.0	0.0
Tax rate		5.9%		0.0%
Net income	133.7	6.4	-0.4	-12.3	-7.7
Net margin	15.8%	2.7%	-0.2%	-12.4%	-13.5%

Diluted EPS	$1.41	$0.36	($0.03)	($0.87)	($0.56)
Shares outstanding (diluted)	94.8	17.5	14.3	14.2	13.8

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.