BGC Group, Inc. (BGC) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0425b-494a-7150-9022-d2b6e0ffc91c Created: 2026-08-27T08:34:35.462Z Duration: 1712.7706 Channels: 1 00:00:00.000 -- 00:00:02.560 Greetings, and welcome to the BGC Group First 00:00:02.560 -- 00:00:04.880 Quarter twenty twenty six Earnings Call. 00:00:05.040 -- 00:00:06.879 At this time, all participants are in a 00:00:06.879 -- 00:00:09.360 listen only mode. A question and answer session 00:00:09.360 -- 00:00:10.800 will follow the formal presentation. 00:00:18.404 -- 00:00:20.965 As a reminder, this conference is being recorded. 00:00:21.205 -- 00:00:22.724 I would now like to turn the call 00:00:22.724 -- 00:00:25.285 over to your host, Jason Kraseckis, Head of 00:00:25.285 -- 00:00:26.404 Investor Relations. 00:00:26.564 -- 00:00:28.449 Thank you. You may begin. 00:00:29.250 -- 00:00:30.289 Hello, everyone. 00:00:30.450 -- 00:00:32.770 This morning, we issued BGC's first quarter two 00:00:32.770 -- 00:00:35.090 thousand twenty six financial results, which can be 00:00:35.090 -- 00:00:38.050 found at ir.bgcg.com. 00:00:38.290 -- 00:00:40.745 Any historical results provided on today's call compare 00:00:40.745 -- 00:00:42.745 only the first quarter of twenty twenty six 00:00:42.745 -- 00:00:46.105 with the prior year period unless otherwise specified. 00:00:46.745 -- 00:00:49.145 All references on today's call to historic record 00:00:49.145 -- 00:00:51.704 and strongest results are to BGC's scandal and 00:00:51.704 -- 00:00:53.625 financial results excluding Newmark 00:00:53.625 -- 00:00:55.785 prior to the spin off in November 2018. 00:00:56.720 -- 00:00:58.240 We will be referring to our results on 00:00:58.240 -- 00:00:59.920 a non GAAP basis, which include the terms 00:00:59.920 -- 00:01:02.000 adjus...