UPST Stock Income Statements
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Quarterly Income Statements
Quarterly
|
Annual
| Unit: USD | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| revenue: | |||||||||||||
| revenue from fees | 152,846,000 | 146,755,000 | 143,689,000 | 117,141,000 | 155,597,000 | 179,348,000 | 258,345,000 | 313,982,000 | 287,387,000 | 210,421,000 | 187,297,000 | 116,170,000 | |
| interest income and fair value adjustments, net: | |||||||||||||
| interest income | 52,073,000 | 37,692,000 | 33,916,000 | 45,315,000 | |||||||||
| interest expense | -14,066,000 | -9,414,000 | -4,282,000 | -7,132,000 | |||||||||
| fair value and other adjustments | -50,541,000 | -40,476,000 | -37,557,000 | -52,397,000 | |||||||||
| total interest income and fair value adjustments | -34,335,000 | -12,198,000 | -7,923,000 | -14,214,000 | |||||||||
| total revenue | 140,312,000 | 134,557,000 | 135,766,000 | 102,927,000 | 146,913,000 | 157,233,000 | 228,162,000 | 310,136,000 | 304,848,000 | 228,450,000 | 193,946,000 | 121,345,000 | |
| yoy | -4.49% | -14.42% | -40.50% | -66.81% | -51.81% | -31.17% | 17.64% | 155.58% | |||||
| qoq | 4.28% | -0.89% | 31.91% | -29.94% | -6.56% | -31.09% | -26.43% | 1.73% | 33.44% | 17.79% | 59.83% | ||
| operating expenses: | |||||||||||||
| sales and marketing | 38,772,000 | 33,042,000 | 23,891,000 | 31,438,000 | 50,753,000 | 56,362,000 | 105,212,000 | 133,449,000 | 114,815,000 | 93,346,000 | 75,916,000 | 49,376,000 | |
| customer operations | 36,117,000 | 36,914,000 | 36,797,000 | 40,590,000 | 43,487,000 | 45,028,000 | 51,072,000 | 48,407,000 | 41,049,000 | 34,978,000 | 24,164,000 | 17,388,000 | |
| engineering and product development | 57,152,000 | 54,941,000 | 57,974,000 | 110,071,000 | 64,029,000 | 66,182,000 | 57,045,000 | 49,991,000 | 46,495,000 | 37,085,000 | 31,431,000 | 18,988,000 | |
| general, administrative, and other | 55,772,000 | 53,505,000 | 50,448,000 | 52,663,000 | 47,142,000 | 47,752,000 | 46,940,000 | 43,456,000 | 42,075,000 | 34,442,000 | 26,141,000 | 20,019,000 | |
| total operating expenses | 187,813,000 | 178,402,000 | 169,110,000 | 234,762,000 | 205,411,000 | 215,324,000 | 260,269,000 | 275,303,000 | 244,434,000 | 199,851,000 | 157,652,000 | 105,771,000 | |
| income from operations | -47,501,000 | -43,845,000 | -33,344,000 | -131,835,000 | -58,498,000 | -58,091,000 | -32,107,000 | 34,833,000 | 60,414,000 | 28,599,000 | 36,294,000 | 15,574,000 | |
| yoy | -18.80% | -24.52% | 3.85% | -478.48% | -196.83% | -303.12% | -188.46% | 123.66% | |||||
| qoq | 8.34% | 31.49% | -74.71% | 125.37% | 0.70% | 80.93% | -192.17% | -42.34% | 111.25% | -21.20% | 133.04% | ||
| other income | 9,872,000 | 3,540,000 | 5,197,000 | 2,597,000 | 7,455,000 | 1,880,000 | 2,260,000 | -2,122,000 | 22,000 | 22,000 | 15,000 | -5,233,000 | |
| net income before income taxes | -42,335,000 | -40,305,000 | -28,147,000 | -129,238,000 | -55,727,000 | -56,211,000 | -29,847,000 | 32,711,000 | 59,267,000 | 27,845,000 | 36,296,000 | 10,323,000 | |
| benefit from income taxes | 63,000 | 10,000 | 18,000 | 16,000 | -464,000 | 12,000 | 24,000 | 19,000 | -988,000 | 221,000 | |||
| net income | -42,398,000 | -40,315,000 | -28,165,000 | -129,254,000 | -53,402,000 | -56,223,000 | -29,871,000 | 32,692,000 | |||||
| yoy | -20.61% | -28.29% | -5.71% | -495.37% | |||||||||
| qoq | 5.17% | 43.14% | -78.21% | 142.04% | -5.02% | 88.22% | -191.37% | ||||||
| net income per share | -0.49 | -0.48 | -0.34 | -1.58 | -0.64 | -0.69 | -0.36 | 0.39 | 0.73 | 0.37 | 0.49 | 0.14 | |
| weighted-average number of shares outstanding used in computing net income per share, basic | 83,765,896 | 84,404,966 | 83,130,638 | 81,911,433 | 81,672,099 | 83,833,963 | 84,230,445 | ||||||
| weighted-average number of shares outstanding used in computing net income per share, diluted | 83,765,896 | 84,404,966 | 83,130,638 | 81,911,433 | 81,672,099 | 83,833,963 | 95,457,776 | ||||||
| interest income and fair value adjustments | -56,144,000 | -22,115,000 | -30,183,000 | -3,846,000 | 17,461,000 | 18,029,000 | 6,649,000 | 5,175,000 | |||||
| expense on warrants and convertible notes | -1,169,000 | -776,000 | |||||||||||
| benefit for income taxes | -2,035,000 | -1,268,000 | |||||||||||
| net income before attribution to noncontrolling interests | 58,944,000 | 29,113,000 | 37,284,000 | 10,102,000 | |||||||||
| net income attributable to noncontrolling interests | |||||||||||||
| net income attributable to upstart holdings, inc. common stockholders | 58,944,000 | 29,113,000 | 37,284,000 | 10,102,000 | |||||||||
| weighted-average number of shares outstanding used in computing net income per share attributable to upstart holdings, inc. common stockholders, basic | 79,392,600 | 76,674,129 | 73,629,122 | ||||||||||
| weighted-average number of shares outstanding used in computing net income per share attributable to upstart holdings, inc. common stockholders, diluted | 82,771,268 | 94,772,641 | 96,057,210 | 94,802,123 | 91,449,571 | ||||||||
| income on warrants and other non-operating expenses | -13,000 | -18,000 |