Upstart (UPST) stock price, revenue, and financials

Upstart market cap is $7.8 b, and annual revenue was $164.19 m in FY 2019

$7.8 B

UPST Mkt cap, 14-May-2021

$121.3 M

Upstart Revenue Q1, 2021
Upstart Net income (Q1, 2021)10.1 M
Upstart EBIT (Q1, 2021)15.6 M
Upstart Cash, 31-Mar-2021257 M
Upstart EV7.6 B

Upstart Revenue

Upstart revenue was $164.19 m in FY, 2019 which is a 65.3% year over year increase from the previous period.

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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 Income Statement

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

Gross profit Margin, %

82%84%85%

Sales and marketing expense

33.8m63.6m93.2m

R&D expense

5.3m8.4m18.8m

General and administrative expense

15.4m19.8m31.9m

Operating expense total

54.6m91.9m143.8m

EBIT

(7.5m)(8.0m)(4.6m)

EBIT margin, %

(13%)(8%)(3%)

Pre tax profit

(8.9m)(11.2m)(4.9m)

Income tax expense

6.0k74.0k

Net Income

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

EPS

(0.6)(0.9)0.0

Quarterly

USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

19.6m32.5m49.5m64.0m17.4m65.4m121.3m

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%

Sales and marketing expense

14.6m19.3m27.3m36.0m5.4m23.7m49.4m

R&D expense

2.9m3.5m5.1m7.0m7.7m10.0m19.0m

General and administrative expense

6.0m6.0m8.4m11.7m9.0m10.1m20.0m

Operating expense total

23.5m28.8m40.8m54.6m22.1m43.8m88.4m

EBIT

(8.5m)(1.6m)2.0m553.0k(11.4m)12.2m15.6m

EBIT margin, %

(43%)(5%)4%1%(66%)19%13%

Interest expense

1.0m

Pre tax profit

(8.2m)(1.5m)(205.0k)992.0k(6.1m)9.7m

Income tax expense

221.0k

Net Income

(8.2m)(1.5m)(205.0k)992.0k(6.1m)9.7m10.1m

Upstart Balance Sheet

Annual

USDFY, 2018FY, 2019

Cash

73.0m44.4m

Accounts Receivable

10.8m42.4m

Prepaid Expenses

5.9m5.2m

PP&E

1.5m6.0m

Total Assets

645.9m393.5m

Accounts Payable

450.3m122.3m

Total Debt

75.0m135.7m

Total Liabilities

542.7m292.6m

Common Stock

1.0k2.0k

Preferred Stock

157.9m162.5m

Additional Paid-in Capital

8.4m12.5m

Retained Earnings

(75.1m)(75.2m)

Total Equity

(54.7m)(61.7m)

Debt to Equity Ratio

-1.4 x-2.2 x

Debt to Assets Ratio

0.1 x0.3 x

Financial Leverage

-11.8 x-6.4 x

Quarterly

USDQ3, 2020Q1, 2021

Cash

53.2m257.0m

Accounts Receivable

31.2m

Prepaid Expenses

3.1m

PP&E

9.1m10.1m

Total Assets

309.8m488.6m

Accounts Payable

45.2m8.1m

Long-term debt

18.6m

Total Debt

115.4m18.6m

Total Liabilities

194.6m168.0m

Common Stock

2.0k7.0k

Preferred Stock

162.5m

Additional Paid-in Capital

22.9m379.7m

Retained Earnings

(70.2m)(59.1m)

Total Equity

(47.3m)320.6m

Debt to Equity Ratio

-2.4 x

Debt to Assets Ratio

0.4 x

Financial Leverage

-6.5 x1.5 x

Upstart Cash Flow

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

Purchases of PP&E

(148.0k)(4.0m)

Cash From Investing Activities

(393.4m)(137.2m)45.4m

Long-term Borrowings

(111.1m)(93.0m)(109.9m)

Dividends Paid

(2.2m)(11.2m)(5.0m)

Cash From Financing Activities

412.7m135.8m(119.2m)

Net Change in Cash

29.7m48.9m(42.2m)

Interest Paid

9.6m26.7m26.9m

Quarterly

USDQ3, 2019Q3, 2020Q1, 2021

Net Income

(9.9m)4.6m10.1m

Depreciation and Amortization

324.0k1.6m816.0k

Accounts Payable

(6.7m)12.5m(5.8m)

Cash From Operating Activities

21.0m52.8m43.1m

Purchases of PP&E

(253.0k)(1.3m)(267.0k)

Cash From Investing Activities

(53.5m)127.7m902.0k

Long-term Borrowings

(78.0m)(99.8m)(26.6m)

Dividends Paid

(4.3m)(622.0k)

Cash From Financing Activities

(96.7m)(44.3m)(19.3m)

Net Change in Cash

(22.2m)30.6m24.7m

Interest Paid

22.5m7.0m1.0m

Upstart Ratios

USDFY, 2017

Revenue/Employee

511.5k

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%

Conversion Rate

8.1%9.1%12.2%13.1%14%

Repayment Events

9 m

Upstart Employee Rating

4.386 votes
Culture & Values
4.3
Work/Life Balance
4.5
Senior Management
4.1
Salary & Benefits
4.1
Career Opportunities
4
Source