SEC Earnings 10-Q: https://ir.upstart.com/node/8871/html
Earnings PR: ir.upstart.com - Static files
Earnings Slides: ir.upstart.com - Static files
Conference Call Transcript: finance.yahoo.com - Q2 upstart holdings inc

I thought the info released above was mostly quite positive. The market hated it today, down 34% as I write, apparently expecting/hoping for better forward guidance.

But, given that interest rates are high with no sign of coming down in the near future, I didn't expect any miraculous rapid growth beyond the bounce we saw this quarter with the improved availability of funds to lend.

They are no longer hemorrhaging cash in their operations: Net cash provided by (used in) operating activities six months ending in June 2022:($320,438,000) June 2023: $86,652,000

They started a pilot program of Home Equity Line of Credit (HELOC). This could be a huge business for them.

Impressive gains in automation, solid performance of recent loans, expansion of number of Auto Sales roofs offering their loans, furtherimprovements on the spending side of the business.

I continue to be leery of the amount of stock given to themselves and employees as compensation. Not a fan of that aspect of the business.

It's been quite a fall from the recent peak of $72 down to current price of $33.82 as I write. The volatility of this stock is impressive. So much for the earlier celebrations of being back in the black on my purchases, that's right out the window with today's losses. But, I see no reason in the recent info dump for me to question my investment.