Upstart Holdings Stock: 32 Key Figures to Know in 2023

Upstart Holdings](https://www.upstart.com/) makes and sells tools that companies can use to make lending and other financial decisions. Upstart was founded in 2012 and is headquartered in San Mateo, California. The company's software uses artificial intelligence (AI) to assess the creditworthiness of borrowers. Upstart claims that its AI models are more accurate than traditional credit scoring methods, which helps lenders to make better decisions. As of December 31, 2022, Upstart had partnerships with 194 banks and credit unions to offer its software.

Financials

Business Model

Upstart generates revenue by selling its software to banks and credit unions. The company charges a monthly subscription fee for its software, as well as a per-loan fee. Upstart also generates revenue from interest on loans that it originates.

Market Opportunity

The market for lending software is large and growing. According to Grand View Research, the global lending software market is expected to reach $13.4 billion by 2028, up from $6.3 billion in 2021. This growth will be driven by the increasing demand for digital lending solutions, as well as the need for lenders to improve their credit risk management practices.

Competition

Upstart competes with a number of other companies that provide lending software, including LendingClub, Affirm, and SoFi.

Risks

Upstart faces a number of risks, including:

• The risk that its AI models are not as accurate as it claims. If Upstart's AI models are not as accurate as it claims, it could lead to losses for its lenders.
• The risk of regulatory changes. The lending industry is heavily regulated, and any changes to regulations could impact Upstart's business.**
• The risk of competition. Upstart faces a number of competitors, and it could face increasing competition in the future.

Outlook

Upstart is a rapidly growing company with a large market opportunity. However, the company does face a number of risks. Investors should be aware of these risks before investing in Upstart.

Key Figures

Here are 32 key figures to know about Upstart Holdings in 2023:

1. Revenue: $1.14 billion in 2022, up 29% year-over-year
2. Net income: $250 million in 2022, up 1% year-over-year
3. Diluted EPS: $2.22 in 2022, up 3% year-over-year
4. Total assets: $3.90 billion as of December 31, 2022, up 52% year-over-year
5. Total liabilities: $2.22 billion as of December 31, 2022, up 51% year-over-year
6. Stockholders' equity: $1.68 billion as of December 31, 2022, up 54% year-over-year
7. Number of bank and credit union partners: 194 as of December 31, 2022
8. Number of loans originated: 1.1 million in 2022, up 56% year-over-year
9. Average loan size: $11,000 in 2022
10. Loan delinquency rate: 3.4% as of December 31, 2022
11. Charge-off rate: 1.2% as of December 31, 2022
12. Employee count: 1,355 as of December 31, 2022
13. Market capitalization: $4.6 billion as of March 8, 2023
14. Trailing twelve-month price-to-earnings ratio: 20.8 as of March 8, 2023
15. Trailing twelve-month price-to-sales ratio: 4.0 as of March 8, 2023
16. Trailing twelve-month price-to-book ratio: 2.7 as of March 8, 2023
17. Beta: 1.2 as of March 8, 2023
18. Short interest: 10.2% as of March 8, 2023
19. Insider ownership: 19.4% as of March 8, 2023
20. Institutional ownership: 65.6% as of March 8, 2023
21. Analyst rating consensus: Buy
22. Average analyst price target: $35.00 as of March 8, 2023
23. Upstart's share price on March 8, 2023: $27.75

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