Upstart (UPST)

Company Profile

Upstart is a leading AI lending platform partnering with banks to expand access to affordable credit. By leveraging Upstart's AI platform, Upstart- powered banks can have higher approval rates and lower loss rates, while simultaneously delivering the exceptional digital-first lending experience their customers demand. More than two-thirds of Upstart loans are approved instantly and are fully automated. Upstart was founded by ex-Googlers in 2012 and is based in San Mateo, California and Columbus, Ohio.

Company profile

Ticker

UPST

Exchange

Website

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Credit Card Issuing

Industry (SIC)

Finance Services

American Express • Synchrony Financial • General Motors Financial • loanDepot • SoFi • Coinbase Global • Burford Capital Limited • Qudian • LexinFintech • Velocity Financial ...

SEC CIK

0001647639

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Upstart Network, Inc. ...

IRS number

464332431

UPST stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$13.33

Low target

$8.00

High target

$17.00

Latest filings (excl ownership)

View all

8-K

Submission of Matters to a Vote of Security Holders

9 May 23

Upstart Announces First Quarter 2023 Results

9 May 23

ARS

2022 FY

Annual report to shareholders

11 Apr 23

DEFA14A

Additional proxy soliciting materials

11 Apr 23

Departure of Directors or Certain Officers

2 Mar 23

S-8

Registration of securities for employees

16 Feb 23

Upstart Announces Fourth Quarter and Full Year 2022 Results

14 Feb 23

Transcripts

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UPST

Earnings call transcript

2023 Q1

9 May 23

UPST

Earnings call transcript

2022 Q3

9 Nov 22

UPST

Earnings call transcript

2022 Q2

9 Aug 22

UPST

Earnings call transcript

2022 Q1

10 May 22

UPST

Earnings call transcript

2021 Q4

15 Feb 22

UPST

Earnings call transcript

2021 Q2

11 Aug 21

UPST

Earnings call transcript

2021 Q1

12 May 21

Latest ownership filings

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Sanjay Datta

31 May 23

Natalia Mirgorodskaya

30 May 23

Hilliard C. Terry III

30 May 23

Cassidy Sukhinder Singh

Notice of proposed sale of securities

26 May 23

144

Notice of proposed sale of securities

26 May 23

Financial summary

Financial statements Chart UPST financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	451.86 mm	451.86 mm	451.86 mm	451.86 mm	451.86 mm	451.86 mm
Cash burn (monthly)	26.87 mm	46.74 mm	43.95 mm	23.38 mm	25.24 mm	40.30 mm
Cash used (since last report)	56.79 mm	98.78 mm	92.88 mm	49.41 mm	53.35 mm	85.18 mm
Cash remaining	395.07 mm	353.08 mm	358.98 mm	402.45 mm	398.51 mm	366.68 mm
Runway (months of cash)	14.7	7.6	8.2	17.2	15.8	9.1

Beta Read what these cash burn values mean

Financial data from Upstart earnings reports.

Institutional ownership, Q1 2023

UPST institutional ownership history Ownership history

40.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	257	269	-4.5%
Opened positions	43	57	-24.6%
Closed positions	55	90	-38.9%
Increased positions	73	64	+14.1%
Reduced positions	58	79	-26.6%

13F shares	Current	Prev Q	Change
Total value	453.40 bn	373.26 bn	+21.5%
Total shares	33.80 mm	34.61 mm	-2.3%
Total puts	10.45 mm	11.27 mm	-7.3%
Total calls	5.82 mm	8.25 mm	-29.5%
Total put/call ratio	1.8	1.4	+31.5%

Largest owners	Shares	Value	Change
Vanguard	6.42 mm	$101.94 bn	+0.3%
Khosla Ventures Associates V	5.25 mm	$213.88 mm	0.0%
BLK Blackrock	3.23 mm	$51.30 bn	+2.6%
Coatue Management	1.66 mm	$26.45 bn	+100.0%
BAC Bank Of America	1.64 mm	$26.08 bn	+5.8%
JPM JPMorgan Chase & Co.	1.35 mm	$21.52 bn	+1736.9%
MS Morgan Stanley	1.24 mm	$19.67 bn	-72.7%
STT State Street	1.17 mm	$18.56 bn	-0.3%
Geode Capital Management	1.03 mm	$16.35 bn	+4.4%
SG Americas Securities	1.01 mm	$16.27 bn	-2.4%

Largest transactions	Shares	Bought/sold	Change
MS Morgan Stanley	1.24 mm	-3.29 mm	-72.7%
JPM JPMorgan Chase & Co.	1.35 mm	+1.28 mm	+1736.9%
Norges Bank	0.00	-849.10 k	EXIT
Coatue Management	1.66 mm	+832.42 k	+100.0%
Susquehanna International	224.61 k	+224.61 k	NEW
Freshford Capital Management	218.47 k	+218.47 k	NEW
BCS Barclays	487.46 k	+197.59 k	+68.2%
Liontrust Investment Partners	0.00	-155.00 k	EXIT
First Trust Advisors	22.42 k	-154.52 k	-87.3%
FMR	144.70 k	+133.87 k	+1235.8%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

UPST insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
26 May 23	Sanjay Datta	Common Stock	Sell	Dispose S	No	No	23.9866	26,072	625.38 k	419,777
25 May 23	Kerry Whorton Cooper	Common Stock	Grant	Acquire A	No	No	0	9,669	0.00	9,669
25 May 23	Mary Hentges	Common Stock	Grant	Acquire A	No	No	0	9,669	0.00	16,257
25 May 23	Jeff Huber	Common Stock	Grant	Acquire A	No	No	0	9,669	0.00	15,499
25 May 23	Ciaran O'Kelly	Common Stock	Grant	Acquire A	No	No	0	9,669	0.00	17,072