Management highlighted a $500 million AT-the-market shelf and a Fortress capital commitment for financing flexibility without citing macroeconomic drag in Q1. The Q1 contribution margin of 55% declined by 200 basis points year-over-year, raising concerns about maintaining margins. Analysts project $225.4 million in revenue for Q2, driven by $15 million in net interest income. Upstart's Q1 results included a revenue boost to $213 million, alongside a $0.30 adjusted earnings per share, driven by higher net interest income that exceeded expectations, with rising loan volumes and funding dynamics under scrutiny for ongoing growth.
Management reported a $500 million AT-the-market shelf and Fortress capital commitment, ensuring funding flexibility without citing any material macroeconomic drag in Q1.
In Q1, the contribution margin decreased by 200 basis points year-over-year to 55%, largely due to lower take-rates, prompting investors to monitor fee mix or net-interest income for potential recovery.
Analysts forecast $225.4 million in Q2 revenue for Upstart, supported by net interest income of $15 million, signifying continuation of fee-driven growth in the sector.
Upstart's Q1 performance included a revenue increase to $213 million (+67% year-over-year) and a $0.30 adjusted EPS, driven by $28 million in net interest income exceeding expectations.
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