- Upstart’s second quarter revenue reached $257.3 million, a significant increase from $127.6 million the previous year.
- This revenue figure surpassed the estimated $226.1 million.
- Contribution profit rose to $140.5 million, marking an 85% increase year-over-year, compared to the estimated $118.3 million.
- Adjusted EBITDA recorded at $53.1 million, a notable turnaround from a loss of $9.26 million in the prior year, and exceeded the estimate of $37.4 million.
- The adjusted EBITDA margin stood at 21%, improving from -7% the previous year and surpassing the forecast of 16.5%.
- Following the earnings report, Upstart shares increased by 4.7% in post-market trading, reaching a price of $86.51.
- Over 9,706 shares were traded during this post-market session.
- Current market analyst recommendations include 6 buys, 9 holds, and 3 sells.
Upstart Holdings on Smartkarma
Analyst coverage on Upstart Holdings by Baptista Research on Smartkarma highlights the company’s recent strong financial performance for the fourth quarter and full-year 2024. The research report emphasizes the significant progress made by Upstart Holdings, with a notable increase in origination volume and revenue. Sequentially, originations grew by 33%, while revenue saw a 35% increase, showcasing substantial growth compared to previous quarters and the prior year. The report, titled “Upstart Holdings Inc.: Expansion into New Loan Products & Markets As A Crucial Factor In Stock Trajectory!” underscores the company’s expansion into new loan products and markets as a crucial factor in its stock trajectory.
A look at Upstart Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Upstart Holdings, Inc., a company focused on innovative AI lending solutions, has recently been evaluated using Smartkarma Smart Scores to gauge its long-term outlook. According to the scores, Upstart Holdings shows promising potential in terms of momentum, with a top score of 5. This suggests strong upward movement and market interest in the company’s offerings.
While Upstart Holdings scored lower on factors like value, dividend, growth, and resilience, its high momentum score indicates potential for significant future growth and success. The company’s focus on leveraging AI technology in the lending industry is seen as a key driver of its momentum and overall outlook in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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