Corvex, Inc. (MOVE) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.493 Hello, everyone. Thank you for joining us and welcome to the Corvex Q2 2026 Financial 00:00:05.493 -- 00:00:07.734 Results Conference Call. 00:00:07.734 -- 00:00:12.156 I will now hand the conference over to Chance Moreland, Chief Financial Officer. 00:00:12.156 -- 00:00:15.097 Chance, please go ahead. 00:00:15.778 -- 00:00:21.500 Good afternoon and welcome to Corvex's second quarter 2026 Earnings Conference Call. 00:00:21.500 -- 00:00:26.663 Joining me are Jay Crystal, co-founder and co-chief executive officer, 00:00:26.663 -- 00:00:30.935 and Seth Demsey, co-founder and co-chief executive officer. 00:00:30.935 -- 00:00:35.898 Before we begin, I remind you that our remarks today include forward-looking statements. 00:00:35.898 -- 00:00:39.861 Actual results can differ materially from these statements. 00:00:39.861 -- 00:00:44.625 The factors that could cause this difference are in today's earnings press release and 00:00:44.625 -- 00:00:50.388 in our quarterly report on Form 10Q for the quarter ended June 30, 2026, 00:00:50.388 -- 00:00:53.491 which we filed today with the SEC. 00:00:53.491 -- 00:00:56.553 Our forward-looking statements use assumptions as of today. 00:00:56.553 -- 00:00:59.764 We do not undertake to update them. 00:00:59.764 -- 00:01:03.766 On this call, we discuss both GAAP and non-GAAP financial measures. 00:01:03.766 -- 00:01:08.789 We use adjusted EBITDA, and we refer to contracted annualized recurring revenue on live 00:01:08.789 -- 00:01:13.652 compute, which is an operating metric rather than a financial measure. 00:01:13.652 -- 00:01:18.434 A reconciliation of adjusted EBITDA to net loss is in today's press release and in our 00:01:18.434 -- 00:01:20.495 Form 10Q. 00:01:20.495 -- 00:01:24.117 Adjusted EBIT...