Upstart Holdings, Inc. (UPST) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the Upstart First Quarter 2026 Earnings Call. At this time, all participants are in a listen-only mode to prevent any background noise. Later, we will conduct a question-and-answer session, and instructions will be given at that time. As a reminder, this conference call is being recorded. I would now like to turn the call over to Sonia Banerjee, Head of Investor Relations. Sonia, please go ahead. Thank you. Welcome to the Upstart Earnings Call for the First Quarter of 2026. Joining me today are Paul Gu, our co-founder and CEO, and Andrea Blankmeyer, our CFO. During today's call, we will make forward-looking statements, which include statements about our outlook and business strategy. These statements are based on our expectations and beliefs as of today, which are subject to a variety of risks, uncertainties, and assumptions, and should not be viewed as a guarantee of future performance. Actual results may differ materially as a result of various risk factors that have been described in our SEC filings. We assume no obligation to update any forward-looking statements as the result of new information or future events, except as required by law. Our discussion will include non-GAAP financial measures, which are not a substitute for our GAAP results. Reconciliations of our historical gaps to non-gap results can be found in our earnings materials, which are available on our IR website. With that, Paul, over to you. Thank you, Sonia, and thank you everyone for joining us today. I want to start my first official earnings call as CEO by stating simply that the Upstart leadership team and I are here to build a high growth and high return business. I'm the founder at heart. I dropped out of college at 20 to start something. And now after 14 year...