Upstart Holdings' (NASDAQ: UPST) stock price tumbled 12% on Aug. 9 after the online lending company posted its second-quarter earnings report. Revenue rose 18% year over year to $228 million, but missed analysts' estimates by $7 million. Its adjusted net income plunged 98% to $1 million, to $0.01 per share, which also missed the consensus forecast by $0.07.

Its adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) declined 91% to $5.5 million. On a GAAP (generally accepted accounting principles) basis, it posted a net loss of $29.9 million, compared to net profit of $37.3 million a year earlier.

Those headline numbers were disappointing, but they had already been partly telegraphed in its preliminary earnings report on July 7. And a deeper dive reveals four additional red flags.

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Source Fool.com