UPST - Back of Envelope

Simplistic calculation

$29m Net Income, $14B Market Cap, PE 120

Young, high quality, profitable, growing, digital company

Loans originated growth: (Q4-2020) 123k->(Q1-2021) 169k->(Q2-2021) 286k->(Q3-2021) 362k
Data improves AI model.

Banks get a proven, ready made day 1 solution that lowers their cost, risk and increases revenue.

It is an easy decision for a small bank / credit union and even an easier decisions for a large bank CEO. What’s not to like ?

I am accumulating and plan to hold for 10 years.