Upstart Holdings (NASDAQ:UPST) reported Q2 EPS of $0.01, $0.02 worse than the analyst estimate of $0.03. Revenue for the quarter came in at $228 million versus the consensus estimate of $241.63 million.
GUIDANCE
For the third quarter of 2022, Upstart expects:
- Revenue of approximately $170 million
- Contribution Margin of approximately 59%
- Net Income of approximately $(42) million
- Adjusted Net Income of approximately $(9) million
- Adjusted EBITDA of approximately $0
- Basic Weighted-Average Share Count of approximately 81.8 million shares
- Diluted Weighted-Average Share Count of approximately 85.5 million shares