Upstart Holdings (NASDAQ:UPST) reported Q1 EPS of $0.61, $0.07 better than the analyst estimate of $0.54. Revenue for the quarter came in at $310 million versus the consensus estimate of $300.25 million.
GUIDANCE:
Upstart Holdings sees Q2 2022 revenue of $295-305 million, versus the consensus of $335 million.
- Revenue of $295 to $305 million
- Contribution Margin of approximately 45%
- Net Income of ($4) to $0 million
- Adjusted Net Income of $28 to $30 million
- Adjusted EBITDA of $32 to $34 million
- Basic Weighted-Average Share Count of approximately 85.0 million shares
- Diluted Weighted-Average Share Count of approximately 96.2 million shares
Upstart Holdings sees FY2022 revenue of $1.25 billion, versus the consensus of $1.4 billion.
- Revenue of approximately $1.25 billion
- Contribution Margin of approximately 48%
- Adjusted EBITDA of approximately 15%