OverviewSuggest Edit

Upstart is a provider of a cloud-based artificial intelligence lending platform. It aggregates consumer demand for loans and connects it to its network of AI-enabled bank partners.
TypePublic
Founded2012
HQSan Mateo, CA, US
Websiteupstart.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Sept 2020)429
Job Openings108
Revenue (FY, 2019)$164.2 M(+66%)
Share Price (Apr 2021)$111.2(+4%)
Cybersecurity ratingAMore

Key People/Management at Upstart

Dave Girouard

Dave Girouard

Co-Founder & CEO
Paul Gu

Paul Gu

Co-Founder, Product & Data Science
Anna M. Counselman

Anna M. Counselman

Co-Founder, People & Operations
Alison Nicoll

Alison Nicoll

General Counsel
Sanjay Datta

Sanjay Datta

CFO
Pavi Ramamurthy

Pavi Ramamurthy

Chief Information Security Officer
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Upstart Office Locations

Upstart has offices in San Mateo and San Carlos
San Mateo, CA, US (HQ)
2950 S Delaware St
San Carlos, CA, US
P.O. Box 1503
Show all (2)

Upstart Financials and Metrics

Upstart Revenue

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View revenue for all periods
Upstart's revenue was reported to be $164.19 m in FY, 2019 which is a 65.3% increase from the previous period.
USD

Revenue (Q3, 2020)

65.4m

Gross profit (Q3, 2020)

56.0m

Gross profit margin (Q3, 2020), %

85.7%

Net income (Q3, 2020)

9.7m

EBIT (Q3, 2020)

12.2m

Market capitalization (26-Apr-2021)

8.4b

Closing stock price (26-Apr-2021)

111.2

Cash (30-Sept-2020)

53.2m

EV

8.5b
Upstart's current market capitalization is $8.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

57.3m99.3m164.2m

Revenue growth, %

73%65%

Cost of goods sold

10.2m15.4m24.9m

Gross profit

47.1m83.9m139.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

19.6m32.5m49.5m64.0m17.4m65.4m

Cost of goods sold

4.5m5.4m6.7m8.8m6.6m9.4m

Gross profit

15.1m27.1m42.8m55.2m10.7m56.0m

Gross profit Margin, %

77%83%86%86%62%86%
Annual
USDFY, 2018FY, 2019

Cash

73.0m44.4m

Accounts Receivable

10.8m42.4m

Prepaid Expenses

5.9m5.2m

PP&E

1.5m6.0m
Quarterly
USDQ3, 2020

Cash

53.2m

Accounts Receivable

31.2m

Prepaid Expenses

3.1m

PP&E

9.1m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(8.9m)(11.2m)(5.0m)

Depreciation and Amortization

93.0k314.0k774.0k

Accounts Payable

24.5m15.2m(11.3m)

Cash From Operating Activities

10.4m50.3m31.6m
Quarterly
USDQ3, 2019Q3, 2020

Net Income

(9.9m)4.6m

Depreciation and Amortization

324.0k1.6m

Accounts Payable

(6.7m)12.5m

Cash From Operating Activities

21.0m52.8m
USDFY, 2017

Revenue/Employee

511.5k
Show all financial metrics

Upstart Operating Metrics

FY, 2017FY, 2018Q3, 2019FY, 2019Q3, 2020

Performance Data Cells

15 b

Loans Transacted to Date

622.08 k

Loans Transacted

70.46 k114.13 k136.47 k215.12 k176.98 k

Fully Automated Loans, percent

34%53%64%66%69%
Show all operating metrics

Upstart Acquisitions / Subsidiaries

Company NameDateDeal Size
Upstart Funding Grantor Trust 2017-1
Upstart Funding Grantor Trust 2017-2
Upstart Funding Grantor Trust 2018-1
Upstart Funding Grantor Trust 2018-2
Upstart Funding Grantor Trust 2019-1
Upstart Funding Grantor Trust 2019-2
Upstart Funding II, LLC
Upstart Funding I, LLC
Upstart Funds GP, LLC
Upstart Loan Trust
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Upstart Revenue Breakdown

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Upstart revenue breakdown by business segment: 56.7% from Referral Fees, 33.4% from Platform Fees and 9.9% from Servicing Fees

Upstart Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Upstart Online and Social Media Presence

Embed Graph

Upstart Company Culture

  • Overall Culture

    A+

    91/100

  • CEO Rating

    A+

    91/100

  • Compensation

    B

    79/100

  • Diversity

    A+

    92/100

Learn more on Comparably

Upstart News and Updates

Global Peer to Peer (P2P) Lending Market Report 2020-2025 Featuring Avant, Commonbond, LendingClub, Upstart Network Among Others

Dublin, Dec. 09, 2020 (GLOBE NEWSWIRE) -- The "Peer to Peer (P2P) Lending Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering. The global peer to peer (P2P) lending market grew at a CAGR of around 25%…

CFPB announces first no-action letter to Upstart Network to gain input on alternative credit

The Consumer Financial Protection Bureau announced a first-of-its-kind no-action letter issued to Upstart Network, a company that uses alternative data in making credit and pricing decisions. The CFPB’s approval of Upstart Network’s no-action letter application lets the company know that CFPB staff…

Upstart Blogs

5 Tips to Decompress from the Stress of the Holidays

This year’s holiday season arrives after a year filled with transitions and challenges. The stresses of the holidays may be greater this year, given the pandemic and economic uncertainties.  Whether you’re stressed from having overspent or not being able to partake in your gift-giving traditions, he…

Q&A with Upstart Data Scientist and Navy Veteran: Michael Quan

Join us in this blog series where we are shining a light on one of our Upstarters. Come take a closer look at the people inside the company who are tirelessly working to provide access to affordable credit. In celebration of Veterans Day, we salute all of our veterans making a difference at #TeamUps…

5 Smart Ways to Save Money on Your Car

Disclaimer: Upstart is not a financial advisor, the following content is for informational purposes only. Car payments are typically the most costly recurring monthly bill for consumers, yet far too many people feel lost when it comes to looking for ways to save on their car.  It’s worthwhile to loo…

4 Key Takeaways: How FNBO Lends to Consumers and Navigates Risk During a Pandemic With Upstart

First National Bank of Omaha (FNBO) and Upstart recently teamed up with American Banker to discuss how banks can delight and meet consumer demand while managing risk during the  pandemic. This unique discussion focused on both FNBO’s decision to leverage AI for consumer lending as well as how they h…

Auto Loan 101: What is Auto Refinancing?

Disclaimer: Upstart is not a financial advisor, the following content is for informational purposes only. Picture this: you financed a car about a year ago with a 5 percent interest rate and a monthly payment of $550. Due to life-changing events, you want to lower those monthly payments and decrease…

Why I Joined Upstart

By Nat Hoopes, Head of Government and Regulatory Affairs, Upstart Earlier this week I left my position leading our industry’s trade association – The Marketplace Lending Association – to come lead the public policy function at Upstart. I’m excited to represent Upstart to state and federal legislator…
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Upstart Frequently Asked Questions

  • When was Upstart founded?

    Upstart was founded in 2012.

  • Who are Upstart key executives?

    Upstart's key executives are Dave Girouard, Paul Gu and Anna M. Counselman.

  • How many employees does Upstart have?

    Upstart has 429 employees.

  • What is Upstart revenue?

    Latest Upstart annual revenue is $164.2 m.

  • What is Upstart revenue per employee?

    Latest Upstart revenue per employee is $382.7 k.

  • Who are Upstart competitors?

    Competitors of Upstart include W.UP, Peerform and CommonBond.

  • Where is Upstart headquarters?

    Upstart headquarters is located at 2950 S Delaware St, San Mateo.

  • Where are Upstart offices?

    Upstart has offices in San Mateo and San Carlos.

  • How many offices does Upstart have?

    Upstart has 2 offices.