Upstart Holdings, Inc. (UPST) Q4 2025 Earnings Call Transcript

SA Transcripts158.28K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Upstart Holdings, Inc. (UPST) Q4 2025 Earnings Call February 10, 2026 4:30 PM EST Company Participants David Girouard - Co-Founder, President, CEO & Chairperson of the BoardPaul Gu - Co-Founder, CTO & DirectorSanjay Datta - Chief Financial Officer Conference Call Participants Dan Dolev - Mizuho Securities USA LLC, Research DivisionKyle Peterson - Needham & Company, LLC, Research DivisionSimon Alistair Clinch - Rothschild & Co Redburn, Research DivisionPeter Christiansen - Citigroup Inc., Research DivisionMihir Bhatia - BofA Securities, Research DivisionJohn Hecht - Jefferies LLC, Research DivisionReginald Smith - JPMorgan Chase & Co, Research DivisionJames Faucette - Morgan Stanley, Research DivisionDavid Scharf - Citizens JMP Securities, LLC, Research DivisionKyle Joseph - Stephens Inc., Research DivisionRobert Wildhack - Autonomous Research US LP Presentation Operator Good afternoon, and welcome to the Upstart Fourth Quarter and Full Year 2025 Earnings Call. [Operator Instructions] As a reminder, this conference call is being recorded. I'd now like to turn the call over to Chelsea Williams Investor Relations. Chelsea, please go ahead.

Unknown Executive Thank you. Welcome to the Upstart earnings call for the fourth quarter and full year 2025. With me on today's call are Dave Girouard, our Co-Founder and CEO; Paul Gu, our Co-Founder and CTO; and Sanjay Datta, 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 a result of new information or future events, except as required by law. Our