A year ago, Upstart Holdings, which develops artificial intelligence to approve personal loans, was on such a roll that its CEO and co-founder, David Girouard, proudly compared his company to a great athlete:

Since Upstart's IPO a year ago, we've more than tripled our revenue, tripled our profits, tripled the number of banks and credit unions on our platform, and tripled the number of auto dealerships we serve. With that many threes, Upstart is becoming the Steph Curry of the FinTech industry.

I don’t know enough about sports to know just who would be the anti-Stephen Curry, but that’s rather what Upstart looks like these days.

Upstart Tuesday reported its second quarter in a row in which revenue and profit fell short of expectations, after a prior six-quarter streak of upside surprises. For the third quarter in a row, its forecast was also less than expected.

Shares plunged by twenty-four percent in late trading this evening, the third quarterly sell-off on disappointment. The stock, at an after-hours price of $14.47, is now down ninety percent this year, and down fifty-one percent from its closing price on its first day of trading following its initial public offering in December of 2020.