Upstart

The AI lending marketplace redefining how America borrows.

[Upstart @Upstart]

Q3 Earnings call is scheduled for Tuesday, November 3, 2026, at 5:00 a.m. PT / 8:00 a.m. ET. If you have a question for @paulxgu and Andrea, please ask via this thread before 4:30 a.m. PT / 7:30 a.m. ET on Tuesday, November 3. and they’ll answer as many as they can.

[Daniel Petkevich @petkevichdan]

"Econ 101: in a perfectly competitive market, you can't grow, be profitable, and make good loans." @paulxgu says @Upstart pulls off the trifecta anyway, by spotting borrowers the market structurally undervalues and passing the savings back as better rates.

[Daniel Petkevich @petkevichdan]

For most Americans, ~10% of discretionary income goes straight to interest payments. Fix that and you've effectively given every working American a 5% real raise. @paulxgu of @Upstart on the scale of impact he's chasing.

[Upstart @Upstart]

Spend some time with @paulxgu and @petkevichdan in the car talking about the beginnings of Upstart, lots about the model and sheep. Yes, sheep.

[Daniel Petkevich @petkevichdan]

New on Cars and Capitalists:

Paul Gu (@paulxgu), CEO and Co-Founder of @Upstart.

@Upstart is an AI lender worth $2.5B today. They did $1B in revenue in 2025, up 64%, grew originations 86%, and were profitable. Paul took over as CEO from co-founder Dave Girouard (@davegirouard) in May.

Before that, Paul was Upstart's CTO and built its first credit models. He's a Thiel Fellow and Yale dropout who came out of quant finance.

In this episode of Cars and Capitalists, we discuss:

0:00 - "The model's gonna suck": why you can't copy Upstart
2:02 - Three sheep, two breeds, one A/B test
8:13 - The core business: 50 million Americans the prime market won't serve
21:20 - Inflating away the debt vs. the hard choices nobody will make
29:58 - Cartoon math: $100 of loans, $5 of contribution, a 20% fund
41:33 - The real moat: Jane Street techniques pointed at consumer credit
58:03 - The golf trip problem, and paying dealers to pick you
1:06:03 - "No one wants to fund a new product. It's like nuclear waste"
1:16:51 - Killing auto refi, the product they were best at
1:24:42 - 2040: relevant to economic history, and unambiguously pro-human

Thanks to our sponsor @rootvc.

[Upstart @Upstart]

"I want to unambiguously have the best credit product for every American in every situation, and I want Upstart to be the most trusted brand in consumer credit." -CEO @paulxgu, on Fintech One-On-One

Paul joined @peterrenton to discuss the future of Upstart.

Listen here: https://t.co/T4Fs3yql0a

[Upstart @Upstart]

Hear @paulxgu at the at the Goldman Sachs Communacopia and Technology Conference on September 8, 2026 at 11:30 AM PDT

https://t.co/SfQqOVtq56

[Upstart @Upstart]

@c_c_l @paulxgu @7investing We’re sorry to hear about experience! Please reach out to us at [email protected] and a Support Team member will gladly look into the situation for you”

[Upstart @Upstart]

Whether someone is applying for a personal, auto or home loan, the first step is understanding the risk behind their application.

CEO @PaulXGu shares how that foundation is helping Upstart expand into new areas of lending in his conversation with @7investing.

[Upstart @Upstart]

People assume Upstart is built for those early in their credit journey. CEO Paul Gu, on @7investing: that's part of it — not the whole story.

We've found people across every walk of life falling through the cracks — even "OK" mid-range scores, forced into the wrong credit, paying too much.

[Upstart @Upstart]

Grant Schneider joined Upstart in 2014 to build AI models that said yes to people banks turned away. @OhioXOrg named him one of the 25 people building its AI economy. 🎉

Congrats, Grant. Full AI25 list: https://t.co/bx3oGXBXnT

[Upstart @Upstart]

CNBC recently named us one of the world's top fintech companies for 2026 (alternative financing category).

Translation: AI works in lending. The old credit model left millions of people behind. We built a better one.

https://t.co/oUVg5hklfn

[Upstart @Upstart]

Our CEO @Paulxgu chatted with @7Innovator of @7investing to answer two questions following Q2 earnings. Watch below 👇

[Simon Erickson @7Innovator]

Upstart's CEO: "Here's What Investors Are Missing"

On Friday I had a conversation with Upstart Holdings' new CEO Paul Gu.

The reason was because I had two important questions that I just wasn't hearing the media or any other investors asking him:

1) Will Upstart's new secured products like Home and Auto loans will be as disruptive as those for unsecured Consumer loans?

In other words, will your AI models also have an edge in these new markets too?

2) How does Upstart intend to use its new banking charter as a competitive advantage rather than as a distraction to its relationship with regional banking customers?

His answers clarified their strategy and they made a ton of sense.

This short, 15 minute conversation is a must-watch for any investor who owns - or may soon own - shares of $UPST.

@paulxgu @Upstart @7investing

https://t.co/qU13neKbJp

[Upstart @Upstart]

Thanks to our partners for bringing this to life:
Agency: STATEMENT OF
Directors: Kummerl Twins
#UpstartMoments

[Upstart @Upstart]

This is Upstart's first brand campaign.

"Money for the moments that matter™" came out of a simple belief: borrowing isn't just about money. It's about finding the support you need, so you can get back to what really matters.

https://t.co/ZlsqWHaoEv

[Upstart @Upstart]

@MichaelKayePR @prweek @MichaelKayePR Whoop Whoop 💙!

[Upstart @Upstart]

Tune into @paulxgu's Fireside Chat at the Bank of America Virtual SMID Cap Conference today at 11:00amET.

Link here: https://t.co/g6YcNdqHGh

[Upstart @Upstart]

Watch CEO @paulxgu talk about how Upstart’s AI models compound every quarter with @YahooFinance's @joshuahlipton👇

https://t.co/KkU0m3YB0h

[Paul Gu @paulxgu]

Upstart Q2 results are out, and I’m 100 days into the new job. Sharing a few highlights and reflections:

[Upstart @Upstart]

Head to our Investor Relations site ▶️ https://t.co/JgzpneNN0L for the Q2 call replay and financial results.

[Upstart @Upstart]

$UPST Q2 results are in - Originations up 50% year-over-year, revenue up 42% year-over-year, and we returned to GAAP profitability with an all-time-high Contribution Profit.

Highlights below 👇

[Upstart @Upstart]

We received conditional approval from the OCC to start our own bank. This represents a key milestone toward operating the first nationally chartered bank built from the ground up with AI-powered underwriting.