English

Upstart Financial Results for April to June 2021

English

Have you ever heard of Upstart (ticker symbol: UPST), a U.S. stock?

It is a company that operates a financing platform.

In this article, I will introduce the company’s financial results for the period from April to June 2021, which were announced on August 10, 2021.

Financial Results for April to June 2021

EPS is 62¢ vs. 25¢ expected.

Net sales were $194 million, compared to the forecast of $158 million.

Sales growth was +1017% YoY.

Operating income was $36.3 million. Operating income was $36.3 million, compared to -$11.4 million in the same period last year.

Net income was $37.3 million. Net income was $37.3 million, compared to -$6.2 million in the same period last year.

The number of loans was 287,000. In the same period last year, the number was 12,000.

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