Upstart Holdings, Inc. (NASDAQ:UPST) Q2 2022 Earnings Conference Call August 8, 2022 4:30 PM ET

Company Participants

Jason Schmidt – Head-Investor Relations

Dave Girouard – Chief Executive Officer

Sanjay Datta – Chief Financial Officer

Conference Call Participants

Simon Clinch – Atlantic Equities

Mike Ng – Goldman Sachs

Andrew Boone – JMP Securities

Ramsey El-Assal – Barclays

Pete Christiansen – Citi

Arvind Ramnani – Piper Sandler

Vincent Caintic – Stephens

James Faucette – Morgan Stanley

Nat Schindler – Bank of America

David Chiaverini – Wedbush Securities

Operator

Good day, and welcome to the Upstart Q2 2022 Earnings Call. Today’s conference is being recorded.

At this time, I would like to turn the conference over to Jason Schmidt, Head of Investor Relations. Please go ahead, sir.

Jason Schmidt

Good afternoon, and thank you for joining us on today’s conference call to discuss Upstart’s second quarter 2022 financial results. With us on today’s call are Dave Girouard, Upstart’s Chief Executive Officer; and Sanjay Datta, our Chief Financial Officer.

Before we begin, I want to remind you that shortly after the market closed today, Upstart issued a press release announcing its second quarter 2022 financial results and published an Investor Relations presentation and credit FAQ. All are available on our Investor Relations website ir.upstart.com.

During the call, we will make forward-looking statements, such as guidance for the third quarter of 2022 related to our business and our plans to expand our platform in the future. These statements are based on our current expectations and information available as of today and are subject to a variety of risks, uncertainties and assumptions. Actual results may differ materially as a result of various risk factors that have been described in our filings with the SEC. As a result, we caution you against placing undue reliance on these forward-looking statements. We assume no obligation to update any forward-looking statements as a result of new information or future events, except as required by law.

In addition, during today’s call, unless otherwise stated, references to our results are provided as non-GAAP financial measures and are reconciled to our GAAP results, which can be found in the earnings release and supplemental tables. [Operator Instructions]

Later this quarter, Upstart will be participating in the Goldman Sachs Communacopia + Technology Conference, September 13 and the Piper Sandler Growth Frontiers Conference, September 14.

Now, I’d like to turn it over to Dave Girouard, CEO of Upstart.