Affirm Holdings, Inc. Class A Common Stock

Blend Labs, Inc.

Coinbase Global, Inc. Class A Common Stock

Dave Inc. Class A Common Stock

Robinhood Markets, Inc. Class A Common Stock

Lemonade, Inc.

MoneyLion Inc.

Marqeta, Inc. Class A Common Stock

Nu Holdings Ltd.

SoFi Technologies, Inc. Common Stock

Toast, Inc.

Upstart Holdings, Inc. Common stock

I researched the sector to put together this data story: [https://yarn.pranshum.com/ipos_int](https://yarn.pranshum.com/ipos_int)

Here are the highlights from my research:
1. Many companies are down by over 80%, but $DAVE is down an amazing 97% YTD
2. It's not just a flight to value stocks. Actually, several fintech companies are declining in revenues. $COIN revenues are down 27% QoQ.
3. Plus, every company is burning cash. $LMND has margins of -120%!

Would love to hear what you think!
$HOOD  $NU $AFRM $UPST $SOFI $TOST $BLND $MQ $ML

Nathan Worden

Why are some fintech stocks down by over 80% in 2022?

Fintech stocks are down over 80% this year: here's why.

Pranshu Maheshwari