Upstart Holdings, Inc. (UPST) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Please stand by. Good afternoon and welcome to the Upstart second 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 Sonya Banerjee, Head of Investor Relations. Sonya, please go ahead. Thank you. Welcome to the Upstart Earnings Call for the second 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 GAAP to non-GAAP results can be found in our earnings materials. which are available on our IR website. For the first time this quarter, we'll discuss contribution margins separately for our unsecured and secured businesses. As a reminder, Upstart has one reportable segment, unsecured lending, formerly called personal lending. The name change is administrative only and does not affect the underlying disclosures. Our auto and home businesses ar...