Elevate

OverviewSuggest Edit

Elevate is a company providing online credit solutions. It offers Rise, a state-licensed online lender, Elastic, a bank-issued line of credit, Today, a credit card a mobile app with monitoring and family line sharing. The company utilizes segment optimized analytics which enables to make automated credit decisions and reward customers for good financial behavior with lower interest rates, free financial training, and free credit monitoring.
TypePublic
Founded2014
HQFort Worth, TX, USMap
Websiteelevate.com
Employee Ratings3.6More
Overall CultureA+More
View Jobs (47)

Locations

Elevate is headquartered in
Fort Worth, United States

Location Map
All Locations (3)

Latest Updates

Employees (est.) (Apr 2017)483(+4%)
Job Openings47
Revenue (FY, 2020)$465.3 M(-37%)
Share Price (May 2022)$2.3(-2%)
Cybersecurity ratingAMore
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Key People/Management at Elevate

Jason Harvison

Jason Harvison

President and Chief Executive Officer, Director
Chris Lutes

Chris Lutes

Chief Strategy Officer
Sharon Clarey

Sharon Clarey

Executive Vice President, Chief Human Resources Officer
Sarah Fagin Cutrona

Sarah Fagin Cutrona

Chief Counsel
Scott Greever

Scott Greever

Chief Operating Officer
David Peterson

David Peterson

Chief Credit Officer
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Elevate Office Locations

Elevate has offices in Fort Worth, Addison and San Diego
Fort Worth, TX, US (HQ)
4150 International Plaza #300
Addison, TX, US
5080 Spectrum Dr #200W
San Diego, CA, US
11710 El Camino Real #200
Show all (3)

Elevate Financials and Metrics

Elevate Revenue

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Elevate's revenue was reported to be $465.35 m in FY, 2020
USD

Revenue (Q2, 2021)

84.5m

Gross profit (Q2, 2021)

74.0m

Gross profit margin (Q2, 2021), %

87.5%

Net income (Q2, 2021)

(3.0m)

EBIT (Q2, 2021)

5.2m

Market capitalization (13-May-2022)

75.2m

Closing stock price (13-May-2022)

2.3

Cash (30-Jun-2021)

105.8m

EV

320.7m
Elevate's current market capitalization is $75.2 m.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

673.1m786.7m747.0m465.3m

Cost of goods sold

450.3m515.9m51.3m20.3m

Gross profit

222.8m270.7m695.7m445.1m

Gross profit Margin, %

33%34%93%96%
Quarterly
USDQ1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Revenue

156.4m172.9m193.5m184.4m201.5m189.5m177.8m192.8m177.5m118.0m89.7m84.5m

Cost of goods sold

97.4m122.3m119.2m117.3m143.2m11.2m16.2m13.8m12.1m344.0k4.4m10.6m

Gross profit

59.0m50.6m74.4m67.0m58.3m178.4m161.6m179.0m165.4m117.6m85.4m74.0m

Gross profit Margin, %

38%29%38%36%29%94%91%93%93%100%95%88%
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

41.1m58.3m88.9m198.0m

Accounts Receivable

524.6m561.7m573.7m

Prepaid Expenses

10.3m11.4m11.6m10.1m

PP&E

24.2m41.6m50.0m34.0m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Cash

97.2m81.2m53.5m87.9m69.4m54.8m97.2m63.4m77.3m101.4m167.7m140.3m105.8m

Accounts Receivable

367.3m405.6m458.6m483.6m507.8m543.0m502.5m535.4m555.4m516.7m

Prepaid Expenses

11.7m8.0m9.1m11.8m12.9m13.2m9.9m12.0m11.7m13.0m9.5m10.8m13.1m

PP&E

17.6m19.8m21.4m28.2m31.4m36.7m44.9m47.6m48.9m49.9m36.7m32.5m32.2m
show all
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(6.9m)12.5m32.2m20.6m

Depreciation and Amortization

10.3m13.0m17.4m18.1m

Accounts Payable

9.3m1.4m6.1m(9.5m)

Cash From Operating Activities

308.7m362.3m370.3m211.3m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021Q2, 2021

Net Income

1.7m4.7m5.3m9.5m12.6m8.4m13.4m19.1m23.9m(4.9m)3.6m12.7m9.7m

Depreciation and Amortization

2.6m5.0m7.7m2.7m5.7m9.2m4.3m8.6m13.2m4.8m8.8m5.2m9.8m

Accounts Payable

1.8m2.9m5.4m(7.4m)(4.3m)3.6m166.0k3.6m5.6m(10.6m)(17.6m)(8.7m)1.6m

Cash From Operating Activities

72.2m135.1m209.6m83.8m162.5m257.2m97.8m169.4m269.1m76.7m132.6m31.9m66.7m
show all
USDQ1, 2017

Revenue/Employee

340.9k

Financial Leverage

30.6 x
Show all financial metrics

Elevate Operating Metrics

Elevate's Customers was reported to be 1.6 m in Mar, 2017.
Mar, 2017

Customers

1.6 m
Show all operating metrics

Elevate Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

Learn more about our premium products
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Elevate Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

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Elevate Online and Social Media Presence

Elevate's Trends

Embed Graph

Elevate Company Culture

  • Overall Culture

    A+

    84/100

  • CEO Rating

    A+

    79/100

  • Compensation

    A+

    85/100

  • Diversity

    A+

    87/100

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 Elevate Frequently Asked Questions

  • When was Elevate founded?

    Elevate was founded in 2014.

  • Who are Elevate key executives?

    Elevate's key executives are Jason Harvison, Chris Lutes and Sharon Clarey.

  • How many employees does Elevate have?

    Elevate has 483 employees.

  • What is Elevate revenue?

    Latest Elevate annual revenue is $465.3 m.

  • What is Elevate revenue per employee?

    Latest Elevate revenue per employee is $963.4 k.

  • Who are Elevate competitors?

    Competitors of Elevate include Monedo, Cognition Financial and Nickel.

  • Where is Elevate headquarters?

    Elevate headquarters is located at 4150 International Plaza #300, Fort Worth.

  • Where are Elevate offices?

    Elevate has offices in Fort Worth, Addison and San Diego.

  • How many offices does Elevate have?

    Elevate has 3 offices.