i3 Verticals, Inc.

Good day, everyone, and welcome to the I3 Vertical Second Quarter 2025 Running Conference Call. Today's call is being recorded, and a replay will be available starting today through May 16th. The number for the replay is 877-344-7529, and the code is 5899-364. The replay may also be accessed for 30 days at the company's website. At this time for opening remarks, I would like to turn the call over to Clay Whitson, Chief Strategy Officer. Please go ahead, sir.

Good morning, and welcome to the second quarter 2025 conference call for I3 Verticals. Joining me on this call are Greg Daley, our Chairman and CEO, Rick Stanford, our President, Jeff Smith, our CFO, and Paul Christians, our Chief Revenue Officer. To the extent any non-GAAP financial measure is discussed in today's call, you will also find a reconciliation to the most directly comparable GAAP financial measure by reviewing yesterday's earnings release. It is the company's intent to provide non-GAAP financial information to enhance understanding of its consolidated GAAP financial information. This non-GAAP financial information should be considered by each individual in addition to, but not instead of, the GAAP financial statements. This conference call may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements, among others, regarding the company's expected financial and operating performance. For this purpose, any statements made during this call that are not statements of historical fact may be deemed to be forward-looking statements. You are hereby cautioned that these forward-looking statements may be affected by important factors among others set forth in the company's earnings release and in reports that are filed or furnished to the SEC. Consequently, actual operations and results may differ materially from those discussed in the forward-looking statements. Finally, the information shared on this call is valid as of today's date, and the company undertakes no obligation to update it except as may be required under applicable law. I will now turn the call over to the company's chairman and CEO, Greg Daley.

Thanks, Clay, and good morning to everyone on the call. We have some exciting things to discuss on the call today. I'd like to start by saying thank you to everyone in our healthcare revenue cycle management or RCM business. It's been a pleasure to have you on the team, and I know you're going to do great things together with Infinex. We're proud of your performance and wish you the very best. After the divestiture of our RCM business, we're excited to be streamlined and focused on public sector vertical market. That business had a second quarter revenue growth of 12%. and SAS revenue growth grew at 23. It's an exciting time to be building in the public sector. There's been a lot of focus on efficiency and cost savings, particularly at the federal level. When we're focused at the state and local level, we embrace this national conversation. We believe that better software is one of the best ways for government Better ways that government can become more efficient while improving their services to their citizens. That is what we're committed to, helping government deliver on their promises with excellence. Something that excites me is that there are many small public sector focused software businesses that share that perspective. One such business joined us on April 1. Rick's going to share more later. but we're excited about the management team and the increased market presence in utilities. I will now turn the call over to Clay, or to Jeff, and he'll provide us more details on the financial performance. When he's finished, Rick will address our most recent deal, and finally, Paul will discuss revenue, and then we'll open up the call for questions.