Upstart Holdings (UPST) Tops Q2 EPS by 17c, provides guidance

Upstart Holdings (NASDAQ: UPST) reported Q2 EPS of ($0.17), $0.17 better than the analyst estimate of ($0.34). Revenue for the quarter came in at $128 million versus the consensus estimate of $131.32 million.

GUIDANCE:

Upstart Holdings sees Q3 2024 revenue of $150 million, versus the consensus of $135.3 million.
Revenue From Fees of approximately $155 million
Net Interest Income (Loss) of approximately ($5) million

Contribution Margin of approximately 57%
Net Income (Loss) of approximately ($49) million
Adjusted Net Income (Loss) of approximately ($14) million
Adjusted EBITDA of approximately ($5) million
Basic Weighted-Average Share Count of approximately 90.0 million shares
Diluted Weighted-Average Share Count of approximately 90.0 million shares

For the second half of 2024, Upstart expects:

Revenue from fees of approximately $320 million, and
Positive EBITDA in the fourth quarter

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

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