Upstart Holdings, Inc. (UPST) Earnings Call Transcripts

Upstart Holdings, Inc.'s Latest Earnings Call - June 10, 2026

In the Q2 2026 earnings call, Upstart Holdings, Inc. reported a revenue of $200 million, which was slightly below the consensus estimate of $210 million, reflecting a year-over-year growth of 15%. The company reported an EPS of $0.45, beating expectations by $0.05. Management maintained its guidance for 35% annual growth over the next three years, emphasizing strong capital commitments and a focus on technology-driven improvements. The stock may react to the mixed results and the ongoing macroeconomic pressures, particularly in consumer credit performance.

Reported metrics

Guidance from management

Management maintained its growth guidance of 35% annually over the next three years, emphasizing the importance of committed capital and technology improvements in achieving this target.

What management said

I think maybe. I do think that we believe that this whole period of time since COVID started has had unusual features. And so we don't want to get over-indexed to like any of those particular windows of time. But -- and ultimately, it's just kind of like, that's kind of just not moving in the [indiscernible]. Right, right. That's right. Yes. Okay.

Yes, that's true. And the sort of exact net effect does depend a little bit on how fast they're growing. But I mean there is definitely -- I mean, you do get you do get a benefit from moving from deeply negative upward cap like that, that helps you a lot. So I do think there is a -- we have a lot of reasons that we feel good about where the lower half of the income statement is going this year and that's -- these are...

What analysts pressed on

Analysts expressed concerns regarding the impact of macroeconomic pressures on consumer credit performance and the potential for increased defaults. There were also questions about the sustainability of growth amid changing market conditions.

Main topics on the call

• Capital Commitments — Upstart secured over $4 billion in committed capital, including a 24-month forward flow commitment. Paul Gu stated, "Our capital partners have been very pleased by the returns," indicating strong investor confidence amid...
• Consumer Credit Performance — Management noted pressures on consumer credit due to recent energy shocks, with the Upstart Macro Index reflecting slight increases in default risk. However, Gu reassured, "It would be very difficult for an energy shock ...
• Growth Guidance — Upstart maintained its ambitious growth target of 35% annually for the next three years, citing a large total addressable market. Gu emphasized that "the scale of this business could be one of the most important sources ...
• Contribution Margin Outlook — The company expects contribution margins to improve as it shifts focus from super-prime to core personal loans. Gu stated, "We will care much more about growing the core segment than super-prime segment," indicating a st...

Read the full Upstart Holdings, Inc. transcript (June 10, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 45 Upstart Holdings, Inc. earnings call transcripts on record, spanning March 17, 2021 to August 11, 2026. Based on this history, Upstart Holdings, Inc. reports quarterly. The most recent call on file is dated August 11, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

UPST

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Consumer Finance

Calls on record

45

First call

March 17, 2021

Most recent

August 11, 2026

Reporting cadence

quarterly