CaliberCos Inc. (CWD) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.475 Thank you for standing by. My name is Jordan and I'll be your conference operator today. 00:00:04.475 -- 00:00:10.681 At this time, I'd like to welcome everyone to the Caliber Third Quarter 2025 Earnings 00:00:10.681 -- 00:00:15.526 Conference Call. All lines have been placed on mute to prevent any background noise. 00:00:15.526 -- 00:00:19.269 After the speaker's remarks, there'll be a question and answer session. 00:00:19.269 -- 00:00:23.673 If you'd like to ask a question during this time, simply press star followed by the number 00:00:23.673 -- 00:00:28.578 one on your telephone keypad. If you would like to withdraw your question, Press star 00:00:28.578 -- 00:00:33.043 1 again. Thank you. I would now like to turn the call over to Ilya Grasovsky, Vice President 00:00:33.043 -- 00:00:34.064 of Investor Relations and Corporate Development. 00:00:34.064 -- 00:00:38.028 Please go ahead. Ilya Grasovsky, Vice President of Investor Relations and Corporate Development. 00:00:38.028 -- 00:00:40.568 Please go ahead. 00:00:41.231 -- 00:00:42.292 Good afternoon, everyone. 00:00:42.292 -- 00:00:43.694 Welcome 00:00:43.694 -- 00:00:49.720 to Caliber's third quarter 2025 Financial Results Conference call. 00:00:49.720 -- 00:00:55.346 With me today are Chris Loeffler, Chief Executive Officer and Co-Founder, and Jade Leong, 00:00:55.346 -- 00:01:00.911 Chief Financial Officer of Caliber. Please note that we have a quarterly 00:01:00.911 -- 00:01:06.156 earnings presentation which will serve as a supplement to today's prepared remarks. 00:01:06.156 -- 00:01:11.322 You can access the presentation in the investor relations section of our website 00:01:11.322 -- 00:01:13.702 at www.caliberco.com. 00:01:16.407 -- 00:01:20.751 After management's comm...