CaliberCos Inc. (CWD) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.517 Thank you for standing by. My name is Eric, and I will be your conference operator today. 00:00:04.517 -- 00:00:09.484 At this time, I would like to welcome everyone to the Calibre second quarter 2025 earnings 00:00:09.484 -- 00:00:14.871 conference call. All lines have been placed on mute to prevent any background noise. 00:00:14.871 -- 00:00:18.376 After the speaker's remarks, there will be a question and answer session. 00:00:18.376 -- 00:00:22.161 If you would like to ask a question during this time, simply press star, followed by 00:00:22.161 -- 00:00:26.267 the number one on your telephone keypad. If you would like to withdraw your question, 00:00:26.267 -- 00:00:31.744 press star one again. I would now like to turn the call over to Ilya Grzegorzewski, 00:00:31.744 -- 00:00:35.368 Vice President, Investor Relations and Corporate Development. 00:00:35.368 -- 00:00:37.728 Please go ahead. 00:00:37.850 -- 00:00:43.716 Good afternoon, everyone. Welcome to Caliber's second quarter 2025 Financial 00:00:43.716 -- 00:00:49.222 Results Conference call. With me today are Chris Loeffler, Chief Executive Officer 00:00:49.222 -- 00:00:54.547 and Co-Founder, and Jade Miao, Chief Financial Officer of Caliber. 00:00:54.547 -- 00:00:59.855 Please note, that we have a quarterly earnings presentation which will serve 00:00:59.855 -- 00:01:02.578 as a supplement to today's prepared remarks. 00:01:02.578 -- 00:01:08.146 You can access the presentation in the investor relations section of our website 00:01:08.146 -- 00:01:10.546 at www.caliberco.com. 00:01:12.932 -- 00:01:17.098 After management's commentary, we will open the call for questions. 00:01:17.098 -- 00:01:22.385 As a reminder, the information discussed today may include forward-looking...