UPST's decreasing concentration risk

their 10Q was filed today

Revenue from CreditKarma was 44% over the first 9 months of 2021, compared to 52% for same period last year.

Interesting that CreditKarma produced 49% of revenue over the first 6 months of 2021, so progress must be accelerating to have reached 44% for the 9 month period.

In addition, Cross River Bank revenue dropped from 65% to 59% for first 9 months of 2021.

https://ir.upstart.com/static-files/e2ecdae7-dbc6-4ed5-b839-…

38 Likes