Skip to main content
No. of Recommendations: 12
Upstart grew 40% sequentially last quarter and is guiding to at least 28% sequentially EACH quarter this year, and is guiding to at least 154% growth annually (and probably more like 200% allowing for quarterly beats and raises).

Saul, what do you mean by guiding to "at least 28% sequentially EACH quarter this year"?

They reported $121M in Q1, and guided to $160M in Q2, as well as $600M for FY21.

$600M - $121M - $160M = $319M, or about $160M per quarter for Q3 and Q4. So, basically they guided to flat revenues the rest of the year.

For them to grow 28% sequentially each quarter, they would have to guide to roughly $205M in Q3 and $260M in Q4, or about $750M for FY21.

I am along for the tornado (hopefully), and fully expect a beat in Q2, but still have concerns about how much of the growth is just an artifact of easy upcoming comparisons or perhaps catch-up business that won't be repeated.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.