Dickson Tan retweetledi
Dickson Tan
50 posts

Dickson Tan retweetledi
Dickson Tan retweetledi
Dickson Tan retweetledi
Dickson Tan retweetledi

@davegirouard @Upstart Dave, as you already out from CEO pos. Stay at UPST still can be champion?
English

From what I'm seeing at @upstart, I now believe in two futures that seem incongruent:
1. LLMs will absorb a huge portion of the app layer
2. LLMs will be commoditized when supply catches up
English

@HenryInvests Oic.. I thought 292.6M is the final revenue.. Thanks for explanation bro! Hope UPST have a great result!
English

@Dickson6113 8.5% take rate yields $292.6M then you'd have to add in an assumption for NII which they've guided for to be $100M this year.
English

We now know that Upstart's $UPST 1Q26 total originations were $3,443M and the first month of 2Q26 was $1,274M.
More importantly, originations per day are growing - a sign of efficiency when you smooth out some of the volatility of weekends and holidays.
Note that April has one less day than March. Assuming April had the extra day, originations (based on the per day posted) would be $1,322M marking 4.7% MoM growth.
The biggest question remains how much of this origination growth will translate to revenue? In other words, how much is Upstart dialing back the take rate to permeate the market. We'll find out tomorrow!
Henry@HenryInvests
Upstart $UPST April Originations come in at $1,274M, up 51% YoY
English















