Why Upstart's High Profitability Is Highly Unusual
As an owner of some Upstart (NASDAQ: UPST) shares, this last year has been one of the more fascinating rides I've ever taken with one of my investments.
Though the stock has been up by as much as 1,100% from its initial public offering price, it has faded over the last six months and is now "only" up by about 200%.
In terms of its business metrics, the fintech credit specialist's net income rose from $6 million in 2020 to $135 million in 2021, and revenue rose by 264% to $849 million.
Source Fool.com
