Operator

Welcome to the Figure Technology Solutions First Quarter 2026 Earnings Conference Call. [Operator Instructions] Lastly, today's call is being recorded. I'd like to now turn the call over to Bryan Michaleski, Head of Investor Relations. Please go ahead.

Bryan Michaleski

Good morning. Welcome to Figure's First Quarter 2026 Earnings Call. My name is Bryan Michaleski, Head of Investor Relations here at Figure. Joining me on today's call are Mike Cagney, Executive Chairman and Co-Founder of Figure; Michael Tannenbaum, our Chief Executive Officer; and Macrina Kgil, our Chief Financial Officer.

Before we begin today, I'd like to briefly note that in today's call, we will refer to certain non-GAAP measures. These measures have been reconciled to their GAAP equivalents in the earnings release we issued today -- or yesterday as well as an appendix to our supplemental slide presentation posted to our website. As a reminder, non-GAAP measures are not intended to be a substitute for GAAP results. I'd also highlight that certain comments made today may be considered forward-looking statements under federal securities law.

The company cautions you that forward-looking statements involve substantial risks and uncertainties and a number of factors, many of which are beyond the company's control, can cause actual results, events or