Upstart Non-GAAP EPS of $0.01 misses by $0.07, revenue of $228.16M misses by $7.14M

Aug. 08, 2022 4:08 PM ETUpstart Holdings, Inc. (UPST)By: Niloofer Shaikh, SA News Editor33 Comments
  • Upstart press release (NASDAQ:UPST): Q2 Non-GAAP EPS of $0.01 misses by $0.07.
  • Revenue of $228.16M (+17.6% Y/Y) misses by $7.14M.
  • Q3 Outlook: Revenue of approximately $170M vs. consensus of $246.58M; Contribution Margin of approximately 59%; Net Income of approximately $(42)M; Adjusted Net Income of approximately $(9)M; Adjusted EBITDA of approximately $0; Basic Weighted-Average Share Count of approximately 81.8M shares; Diluted Weighted-Average Share Count of approximately 85.5M shares.

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