Compass, Inc. (COMP) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.976 Ladies and gentlemen, thank you for joining us and welcome to Compass, Inc.' 's first 00:00:03.976 -- 00:00:09.043 quarter 2025 earnings call. After today's prepared remarks, we will host a question 00:00:09.043 -- 00:00:13.068 and answer session. If you would like to ask a question, please raise your hand using 00:00:13.068 -- 00:00:17.534 the bar at the bottom of your screen and please unmute yourself when speaking. 00:00:17.534 -- 00:00:21.239 If you have dialed in to today's call, please press star nine to raise your hand and 00:00:21.239 -- 00:00:25.604 star six to unmute. I will now hand the conference over to Compass's head of investor 00:00:25.604 -- 00:00:29.967 relations, Soham Bosele. Please go ahead. 00:00:29.967 -- 00:00:33.272 Thank you very much, Operator, and good afternoon, everybody. 00:00:33.272 -- 00:00:37.919 And thank you for joining the Compass First Quarter 2025 Earnings Call. 00:00:37.919 -- 00:00:43.026 Joining us today will be Robert Refkin, our founder and CEO, and Kalani Ruletz, our Chief 00:00:43.026 -- 00:00:44.969 Financial Officer. 00:00:44.969 -- 00:00:49.556 In discussing your company's performance, we will refer to some non-GAAP measures. 00:00:49.556 -- 00:00:53.662 You can find the reconciliation of these non-GAAP measures to the most directly comparable 00:00:53.662 -- 00:00:58.909 GAAP measures in our First Quarter 2025 earnings release posted on our investor relations 00:00:58.909 -- 00:01:00.427 website. 00:01:00.427 -- 00:01:04.933 We will make forward looking statements that are based on our current expectations, forecasts 00:01:04.933 -- 00:01:08.338 and assumptions and involve risks and uncertainties. 00:01:08.338 -- 00:01:13.406 These statements include our guidance for the second quar...