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Upstart Holdings, Inc. 8-K/A Report: Key Financial Amendments Revealed

$UPST
Form 8-K/A
Filed on: 2025-02-13
Source
Upstart Holdings, Inc. 8-K/A Report: Key Financial Amendments Revealed

Here are the key pieces of information and insights extracted from the provided financial report section:

  1. Company Information:
  • Name: Upstart Holdings, Inc.
  • CIK: 0001647639
  • Ticker Symbol: UPST
  • Exchange: NASDAQ
  • Address: 2950 S. Delaware Street, Suite 410, San Mateo, CA 94403
  • Phone Number: 833-212-2461
  1. Filing Details:
  • Report Type: Current Report on Form 8-K/A (Amendment)
  • Original Filing Date: February 11, 2025
  • Purpose of Amendment: Correcting errors related to diluted adjusted net income per share and diluted weighted-average common shares outstanding for the fiscal quarter ended December 31, 2024.
  1. Reporting Period:
  • Fiscal Quarter Ended: December 31, 2024
  • End Date of Report: February 11, 2025
  1. Financial Focus:
  • The amendment specifically addresses the financial results for the fiscal quarter and full fiscal year ended December 31, 2024.
  • The correction pertains to key financial metrics: diluted adjusted net income per share and diluted weighted-average common shares outstanding.

Insights:

  • The amendment indicates that accurate reporting of earnings metrics is crucial for maintaining investor confidence and compliance with SEC regulations.
  • The timing of this correction suggests that the company is actively monitoring its financial disclosures and is committed to transparency.
  • The focus on diluted earnings metrics is important for investors, as it reflects the company's profitability on a per-share basis, which can influence stock performance.

Overall, this section highlights the importance of precise financial reporting in the context of corporate governance and investor relations.