Investor Presentaiton
Financial Statements
(in thousands, except share and per share data)
Cash flows from operating activities
Net income (loss)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Change in fair value of financial instruments
Stock-based compensation
Gain on loan servicing arrangement, net
Depreciation and amortization
Non-cash interest expense
Other
Net changes in operating assets and liabilities:
Purchase of loans held-for-sale
Proceeds from sale of loans held-for-sale
Principal payments received for loans held-for-sale
Other assets
Operating lease liability and right-of-use asset
Accounts payable
Payable to investors
Accrued expenses and other liabilities
Net cash used in operating activities
Upstart
Three Months Ended March 31,
2022
2023
$ 32,692
$ (129,254)
18,356
59,046
25,050
74,109
(8,705)
(3,613)
2,781
6,441
776
766
(974)
(3,457,784)
3,065,358
20,328
(510,003)
449,339
57,949
7,287
306
2,584
1,216
3,371
(12,170)
32,204
(49,730)
(11,093)
(19,155)
(266,795)
(73,727)
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