i3 Verticals, Inc.

everyone and welcome to the I3 vertical second quarter 2026 earnings conference call. Today's call is being recorded and a replay will be available starting today through May 14th. The number for the replay is 412 317 0088 or 855 and the code is 608-8860. 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 Woodson, Chief Strategy Officer. Please go ahead, sir.

Good morning and welcome to the second fiscal quarter 2026 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 gap financial measure by reviewing yesterday's earnings release. It is the company's intent to provide non-gap financial information to enhance understanding of its consolidated gap financial information. This non-gap financial information should be considered by each individual in addition to but not instead of the gap 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 effect 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 this may be required under a flippable law. I'll now turn the call over to the company's chairman and CEO, Greg Daly.

Thanks, Clay, and good morning to everyone on the call. We are pleased with our performance in the second quarter as we continue to execute against our strategy and further improve the quality of our business. Revenue from continuing operations grew 6% year over year, and annualized recurring revenue increased 12%, which we continue to believe is the best indicator of our long-term growth opportunity. Across each of our public sector markets, we are investing thoughtfully in products and capabilities where we see opportunities. For example, we continue to find compelling opportunities to invest in justice tech market to help courts modernize and capitalize on their own revenue opportunities. However, we are seeing opportunities for cost control and margin expansion amongst many of our highly durable products. Importantly, the process improvements and efficiency initiatives we've been driving through the organization are beginning to show up in our operating model. While we continue to invest for growth, we believe these efforts position us well for margin improvement as we move through the remainder of fiscal year 26. We remain well positioned from a balance sheet perspective, which gives us the flexibility to pursue all manner of capital allocation opportunities. Overall, we're encouraged by the momentum we're seeing across the business and remain confident in our ability to create long-term value for our shareholders. With that, I'll turn it over to Jeff to walk through the financial results in more detail. Thanks, Greg.