Value20212022202320242025TTMSelling/general/admin expenses456.13 M531.07 M339.53 M397.74 M555.25 M555.25 MResearch & development134 M237.25 M280.14 M253.65 M257.6 M257.6 MOperating income140.88 M113.86 M256.52 M172.86 M42.63 M42.63 MNon-Operating Income, Total5.17 M9.47 M21.21 M18.79 M24.32 M24.32 MInterest expense, net of interest capitalized3.27 M10.84 M34.89 M40.43 M31.66 M31.66 MNon-Operating Income, excl. Interest Expenses-3.27 M-10.84 M-34.89 M-40.43 M-31.66 M-31.66 MUnusual income/expense5.17 M9.47 M21.21 M18.79 M24.32 M24.32 MPretax income391.26 M311.38 M174.03 M238.79 M488.61 M488.61 MEquity in earnings——————Taxes1.71 M409 K107 K185 K728 K728 KNon-controlling/minority interest00————After tax other income/expense1.98 M3.05 M3.87 M———Net income before discontinued operations135.44 M108.67 M240.13 M128.58 M53.6 M53.6 MDiscontinued operations——————Net income135.44 M108.67 M240.13 M128.58 M53.6 M53.6 MDilution adjustment00————Preferred dividends00————Diluted net income available to common stockholders135.44 M108.67 M240.13 M128.58 M48.72 M46.94 MBasic earnings per share (Basic EPS)1.73-1.31-2.87-1.440.560.56Diluted earnings per share (Diluted EPS)1.43-1.31-2.87-1.440.450.45Average basic shares outstanding78.11 M82.77 M83.77 M89.45 M96.03 M382.51 MDiluted shares outstanding94.77 M82.77 M83.77 M89.45 M107.49 M414.34 MEBITDA——————EBIT——————Cost of revenue——————Other cost of goods sold——————Depreciation & amortization (cash flow)7.54 M13.51 M24.9 M20.55 M24.84 M24.84 M
Upstart Holdings Inc
Upstart is an AI lending platform that partners with banks and credit unions to provide consumer loans using non-traditional variables, such as education and employment, to predict creditworthiness.
The founding team includes Dave Girouard, former President of Enterprise Google; Paul Gu, a Thiel Fellow; and Anna Counselman, former Manager of Global Enterprise Customer Programs and Gmail Consumer Operations at Google.
Upstart first launched in April 2012 with an Income Share Agreement product, which enabled individuals to raise money by contracting to share a percent of their future income. In May 2014, Upstart pivoted away from this product and toward the personal loan marketplace. With this pivot, Upstart began offering a traditional 3-year loan, and has since expanded to offer a 5-year loan product as well.
Upstart developed an income and default prediction model to determine creditworthiness of a potential borrower.