Santa Stock Picks

Upstart $UPST August Originations are $1,342M - down 3.9% MoM and up 56.6% YoY September 3 UMI is 1.50 - flat MoM from August 3 #UTPI with a big swing and a miss 😱

Upstart $UPST August Trustpilot #UTPI reviews hit 2,281 - up 200.0% YoY and 46.0% MoM 🛡️⚔️ This is the strongest month of Trustpilot review activity on record for the UTPI era - and it's not even close. August Origination Volume & UMI will be released on Thursday, September 3. To meet the implied revenue guidance, my math suggests Upstart only needs $2,800M in OV volume for the remainder of the quarter. In my 3Q26 Earnings Review, I told you we were looking at a sandbag. The first proof points are here. While not a direct 1:1 relationship, UTPI has proven time and time again to be directionally correct on the trend of Origination Volume, even highlighting last year's model tightening well in advance. @paulxgu 🧑‍🍳