Financial Outlook
For the first quarter of 2024, Upstart expects:
- Revenue of approximately $125 million
- Revenue From Fees of approximately $133 million
- Net Interest Income (Loss) of approximately ($8) million
- Contribution Margin of approximately 61%
- Net Income (Loss) of approximately ($75) million
- Adjusted Net Income (Loss) of approximately ($33) million
- Adjusted EBITDA of approximately ($25) million
- Basic Weighted-Average Share Count of approximately 87.0 million shares
- Diluted Weighted-Average Share Count of approximately 87.0 million shares
Upstart has not reconciled the forward-looking non-GAAP measures above to comparable forward-looking GAAP measures because of the potential variability and uncertainty of incurring these costs and expenses in the future. Accordingly, a reconciliation is not available without unreasonable effort.
