$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 👇
Keep an eye out for $UPST Q2 earnings tomorrow, August 4.
Tune in at 1:30pm PT / 4:30pm ET for earnings live with CEO @paulxgu and CFO Andrea Blankmeyer.
Castlelake just agreed to fund up to $4B in loans through Upstart over the next two years.
More capital committed means more approvals, and lending that holds steady when markets get choppy.
Our largest program with them yet, on top of transactions dating back to 2023.
Today we received conditional approval from the OCC for Upstart Bank, N.A.
Operating inside a unified federal framework will help us streamline operations, expand our 50-state reach, and build a more accessible credit ecosystem powered by AI.
