Upstart Holdings (UPST) Misses Q2 EPS by 2c, Misses Guidance

Upstart Holdings (NASDAQ: UPST) reported Q2 EPS of $0.01, $0.02 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $228 million versus the consensus estimate of $241.63 million.

GUIDANCE

For the third quarter of 2022, Upstart expects:

• Revenue of approximately $170 million
• Contribution Margin of approximately 59%
• Net Income of approximately $(42) million
• Adjusted Net Income of approximately $(9) million
• Adjusted EBITDA of approximately $0
• Basic Weighted-Average Share Count of approximately 81.8 million shares
• Diluted Weighted-Average Share Count of approximately 85.5 million shares

For earnings history and earnings-related data on Upstart Holdings (UPST) click here.

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