UPST - NPL ratio

Investment Analysis Clubs Saul’s Investing Discussions
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Hi All

Did anyone know what the non-performing loan (NPL) ratio for the loans issued through Upstart? I coundn’t find it anywhere.

If their software is superior, the NPL ratio should be much lower than the bank’s benchmak. The ratio itself can approve its advanced technology.

Thanks
Covediver

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https://ir.upstart.com/node/6826/html

"
Interest income also includes accrued interest earned on outstanding loans but not collected. Loans that have reached a delinquency of over 120 days are classified as non-accrual status and any accrued interest recorded in relation to these loans is reversed in the respective period. As of December 31, 2020 and March 31, 2021, the Company has recorded $0.9 million and $0.7 million of accrued interest income in loans on the condensed consolidated balance sheets, respectively.
"

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contacted the investor relation department and they said “We’re unable to disclose loan performance data that isn’t publicly available”

So we don’t know the quality of the loans they approved through their AI based platform.

So it’s a big question here.

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