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Upstart | 10-K: FY2023 Annual Report

Upstart | 10-K: FY2023 Annual Report

Upstart | 10-K:2023財年年報
美股SEC公告 ·  02/16 05:23

牛牛AI助理已提取核心訊息

Upstart Holdings, Inc., a leading artificial intelligence lending platform, has reported a significant decrease in Transaction Volume, both in dollars and number of loans, for the year ended December 31, 2023. The company's Transaction Volume in dollars fell by 59% to $4,645,669, while the number of loans decreased by 61% to 437,659. This contraction was attributed to reduced funding availability due to macroeconomic uncertainty and increased consumer risk and cost of funds. Despite these challenges, Upstart's Contribution Margin improved to 63%, up from 49% in the previous year. However, Adjusted EBITDA turned negative at $(17,217), a decline from $37,161 in the prior year, and Adjusted Net Income also dropped to a loss of $(46,933). The company's Conversion Rate decreased to 9.7%, and the Percentage of Loans Fully Automated rose...Show More
Upstart Holdings, Inc., a leading artificial intelligence lending platform, has reported a significant decrease in Transaction Volume, both in dollars and number of loans, for the year ended December 31, 2023. The company's Transaction Volume in dollars fell by 59% to $4,645,669, while the number of loans decreased by 61% to 437,659. This contraction was attributed to reduced funding availability due to macroeconomic uncertainty and increased consumer risk and cost of funds. Despite these challenges, Upstart's Contribution Margin improved to 63%, up from 49% in the previous year. However, Adjusted EBITDA turned negative at $(17,217), a decline from $37,161 in the prior year, and Adjusted Net Income also dropped to a loss of $(46,933). The company's Conversion Rate decreased to 9.7%, and the Percentage of Loans Fully Automated rose to 87%. Upstart's business development efforts focused on improving AI models and expanding product offerings, including the launch of a HELOC product. The company also faced a challenging macroeconomic environment, leading to workforce reductions and a shift in strategy to secure committed capital arrangements to stabilize loan funding. Upstart's future plans include continued investment in AI model development, product expansion, and diversification of capital sources for its lending marketplace.
人工智能借款平台Upstart Holdings, Inc.報告稱,截至2023年12月31日,交易量在美元和貸款數量上均出現了顯著下降。公司的交易量在美元方面下降了59%,至4,645,669美元,而貸款數量下降了61%,至437,659筆。這種萎縮被歸因於宏觀經濟不確定性導致融資可用性減少,消費者風險和資金成本增加。儘管面臨這些挑戰,Upstart Holdings, Inc.的貢獻利潤率提高至63%,而去年爲49%。但是,調整後的EBITDA在上一年的37161美元的基礎上下降至-17217美元,並且調整後的淨收入也下降至虧損-46933美元。公司的轉換率下降至9.7%,貸款的全自動化比...展開全部
人工智能借款平台Upstart Holdings, Inc.報告稱,截至2023年12月31日,交易量在美元和貸款數量上均出現了顯著下降。公司的交易量在美元方面下降了59%,至4,645,669美元,而貸款數量下降了61%,至437,659筆。這種萎縮被歸因於宏觀經濟不確定性導致融資可用性減少,消費者風險和資金成本增加。儘管面臨這些挑戰,Upstart Holdings, Inc.的貢獻利潤率提高至63%,而去年爲49%。但是,調整後的EBITDA在上一年的37161美元的基礎上下降至-17217美元,並且調整後的淨收入也下降至虧損-46933美元。公司的轉換率下降至9.7%,貸款的全自動化比例提高至87%。Upstart Holdings, Inc.的業務發展重點在於改進人工智能模型和擴大產品線,包括推出HELOC產品。公司還面臨着一個充滿挑戰的宏觀經濟環境,導致了員工裁減和戰略轉變,以穩定貸款資金的承諾性資本安排。Upstart Holdings, Inc.的未來計劃包括繼續投資於人工智能模型開發、產品擴展和多樣化資本來源以支持其貸款市場。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生,只对除中国内地以外的地区提供。


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