Little Perch

Often times the simplest answer is the correct answer. Success is hard because you overcomplicate it.

[Little Perch @PerchLittle]

$UPST

💯

[Dave Girouard @davegirouard]

"proprietary datasets" 🤔 . . . . $UPST!

[Little Perch @PerchLittle]

$UPST

⏰

[Dave Girouard @davegirouard]

Slowly and then all at once

[Little Perch @PerchLittle]

$UPST will be one of the most profound companies of our generation.

Extremely thankful for what has been accomplished so far but it has just begun to scratch the surface of what is possible.

The “why” that motivates this team is powerful. They will accomplish their goals.

[Dave Girouard @davegirouard]

In the not too distant future, when $UPST is a $10B revenue company, I will have a lot to say.

[Little Perch @PerchLittle]

$UPST

💪

Just a matter of time until SP reflects the value here.

[Henry @HenryInvests]

Upstart has now reported $3.443B in originations for 1Q26, up 61.3% YoY $UPST

1Q25: $2.134B +88.7%
2Q25: $2.821B +154.1%
3Q25: $2.855B +80.4%
4Q25: $3.195B +51.7%
1Q26: $3.443B +61.3%

#AcceleratingGrowth

[Little Perch @PerchLittle]

$UPST

💯

[Henry @HenryInvests]

The market thinks $UPST is a cyclical lender whose fate is reliant on the credit cycle. Instead, I believe Upstart is building the foundation model for credit that will power all underwriting in the coming decades.

[Little Perch @PerchLittle]

$UPST

This strengthens Upstart’s long term narrative:

Old world (breaking)
•Human underwriting
•static assumptions
•enterprise value lending
•opaque risk
New world (emerging)
•AI-driven underwriting
•real-time data
•granular risk pricing
•adaptive models

[Little Perch @PerchLittle]

$UPST

Love this. There is nobody more qualified than Henry to ask the right questions!

Upstart set out to change the world of credit with better underwriting and equitable access for all and has done exactly that.

The SP will soon reflect it.

Once in a generation opportunity

[Henry @HenryInvests]

Surprise! Tomorrow 10:30am EST 🍿 $UPST

[Little Perch @PerchLittle]

@OwlStreetCan No problem. @HenryInvests caught it and mentioned it on here yesterday 👍

All the added uncertainty of no quarterly guidance + new CEO seems to be fueling sell off. Maybe some risk of dilution added into that equation as well.

I still like the company

[Little Perch @PerchLittle]

$UPST

Sell off is not due to the business being broken. The ER was good.

It's uncertainty.
- No quarterly guidance
- New CEO

Market punished uncertainty fast.

Add in dilution risk if larger funding isn't secured to support growth.

[Little Perch @PerchLittle]

$UPST

Wall Street just panicked because Anthropic moved AI up the stack and replaced entire workflows.

That’s not new.

Upstart has been doing this to credit underwriting for years.

Same disruption. Different industry.

Market still hasn’t priced it.

[Little Perch @PerchLittle]

$UPST

6 red months in a row.

Longest streak ever for $UPST.

Record achieved.

Now what?

[Little Perch @PerchLittle]

$UPST

Market logic today:

🤯 Google’s Genie might disrupt gaming someday → dump Unity & Roblox

😴 Upstart’s AI already outperforming FICO → “nah, credit is different”

AI can generate virtual worlds,
but can’t disrupt a trillion-dollar credit system it’s already inside?

[Little Perch @PerchLittle]

$UPST

When a CEO who had consistently sold shares stops, ask yourself why.

My top 2 reasons are below.

[Little Perch @PerchLittle]

$UPST

So much confidence by the top level @upstart. Those short/fading may want to start paying attention.

Those who stay will be champions. 🔥

[Dave Girouard @davegirouard]

@HenryInvests @parthpat87 and btw I was unaware we have a growth problem 🤔

[Little Perch @PerchLittle]

@davegirouard @HenryInvests @playsmart9 @Rebellionaire Is time the bottleneck? ie the new heloc and auto cohorts are not seasoned enough? I bet funding is secured contingent on performance over “insert period of time”. Dave and Paul are confident in performance and this is why “2026” will be 🔥. Those who stay will be champions.

[Little Perch @PerchLittle]

$UPST

I do not think @davegirouard is "deeply worried". Short term price is all about emotions; this stock has been emotional lately. Long term this is cheap.

I don't think we see an update on funding prior to next ER. I hope I get proven wrong.

#thosewhostaywillbechampions

[Macro Guru @macro_guru]

Many retail investors skeptical of new funding announcements for auto/HELOC loans on $UPST balance sheet.
@davegirouard – deeply worried about stock price & holding ~10M shares – would love to drop good news for shareholders soon!Could happen before Christmas

[Little Perch @PerchLittle]

$UPST

Call OI has been exploding over the past week!

All this OI interest buildup on calls is explosive for price.

If there was ever a time for some big news to drop from @davegirouard & @Upstart it is now.

Lets be champions!!!

[Little Perch @PerchLittle]

$UPST

Price action of @upstart is odd and there is MASSIVE OI on calls for 12-19 and 1-16.

Is the market finally joining in and wanting to be champions with us and @davegirouard ?

This is looking explosive...

[Little Perch @PerchLittle]

$UPST

@davegirouard stated about @Upstart

- "never been stronger"
- "those who stay will be champions"
- "4600 HELOCS, 1 charge off"
- "2026 is gonna be fire"

Paul Gu purchasing nearly $4M worth of UPST stock!

You cannot say they didn't tell you so when this GIANT awakens.

[Little Perch @PerchLittle]

$UPST

Who keeps selling at these cheap levels?

Stay and be a champion w/ @davegirouard & @Upstart !

#thosewhostay $Gulong

[Little Perch @PerchLittle]

$UPST

@davegirouard stated about @Upstart

- "never been stronger"
- "those who stay will be champions"
- "4600 HELOCS, 1 charge off"
- "2026 is gonna be fire"

Paul Gu purchasing nearly $4M worth of UPST stock!

You cannot say they didn't tell you so when this GIANT awakens.