Upstart Holdings, Inc. Common stock Bank of America SMID Cap Virtual Conference

Hi, everyone. I'm Trey Brown. I work together with Jill Carey Hall on our U.S. small and mid-cap strategy team within BofA Global Research. We have a few sessions going on concurrently, but Jill and I just wanted to welcome everyone to our two-day annual SMID Cap Executive Insights event, which provides opportunities to hear from corporates across the small and mid-cap space, where BofA has great breadth of coverage. Our analysts cover nearly 1,000 small and mid-caps in the U.S., and Jill and I have also been expecting continued leadership from some mid-caps in the back half of this year. Please feel free to reach out if you need the schedule or want to sign up for any additional sessions today or tomorrow. We have nearly 20 companies joining.

Or if we can help signing you up for either our small and mid-cap strategy research or our data compilation of mid-cap fundamental research. With that, I'd like to pass it over to Mihir Bhatia, our consumer finance analyst, to introduce Upstart Holdings.

Thanks, Trey. Thanks, everyone, for joining, and especially to the Upstart team and Paul. Really appreciate you guys joining us today. Before we get started, one quick disclosure statement that I've been asked to read. Today's discussion may contain forward-looking statements that relate to future results and events, which are based on Upstart's information available as of today and are subject to risks and uncertainties. Actual results may differ materially from these forward-looking statements. The discussion may also include non-GAAP financial measures, which are not a substitute for GAAP results. Please refer to the company's filings with the SEC and its IR website for additional information, including GAAP to non-GAAP reconciliations, along with other disclosures. Okay, with that out of the way, the lawyers should be happy, so we can get started. Again, like I said, a lot of you already know Upstart.

I think I recognize most of the names of the folks joining, but we'll go through, I think right at the start, we'll ask Paul to give us a quick overview of the company. Before that, again, just want to say thank you to Paul and the Upstart team for doing this conference with us today and for the opportunity to host you all today. So thank you, Paul, for joining, and let's get started. Maybe I'll just kick it off with that, Paul. You've been with Upstart right from the start, 14 years now, I think. You recently took over as CEO.