Rezolve AI PLC

Good day and thank you for standing by. Welcome to the Resolve AI second half and full year 2025 earnings conference call. At this time, all participants are in listen-only mode. After the speaker's presentation, there will be the question and answer session. To ask a question during the session, you need to press star, one, one on your telephone keypad. You will then hear an automatic message advising your hand is raised. To withdraw a question, please press star, one, and one again. Please be advised that today's conference has been recorded. I would now like to hand the conference over to our speaker today, Michael Guido. Please go ahead.

Thank you, and good day to everyone. Welcome to Resolve's second half and full year 2025 earnings conference call. Leading today's discussion are Dan Wagner, Resolve's founder and chief executive officer, and Arthur Yao, Resolve's chief operating and financial officer. Our second half and full year 2025 earnings press release was issued earlier this morning Eastern time and can be found on our investor relations website. Today's discussion will include statements that constitute forward-looking information or forward-looking statements. These statements reflect management's current beliefs and expectations and are subject to a number of factors that may cause actual results to differ materially from those statements. These factors include but are not limited to those discussed in our SEC filings and earnings release. These statements do not guarantee future performance, and therefore, undue reliance should not be placed upon them. We do not intend to update these forward-looking statements as a result of new information or future developments, except as required by law. Additionally, our discussion will include both GAAP and non-GAAP financial measures. These non-GAAP financial measures should be viewed in addition to and not as a substitute for Resolve's reported results prepared in accordance with U.S. GAAP. Non-GAAP financial measures referenced in today's call are reconciled to the most directly comparable GAAP measure in our SEC filings and earnings release. For more information regarding definitions of our non-GAAP measures, please see our earnings release and SEC filings, which are or will be available on Resolve's Investor Relations website at investor.resolve.com. and on the SEC's website at www.sec.gov. Finally, as a reminder, today's conference call is being recorded, and the replay will be available on our investor relations website. At this time, I'd like to turn the call over to Dan.

Thank you, Michael, and good morning, everybody. 2025 was the year Resolve AI stopped being a player in AI and became the essential logic of global commerce. We have moved past the experimentation phase. Today, Resolve is live production grade infrastructure operating at a global scale. To understand the scale of our execution, look at where we started. We entered 2025 as a newly listed company with limited revenue, less than 100 employees, and no offices. At that time, I told the market we would target a $100 million ARR exit. Today, we are announcing that we have shattered those targets. We exited 2025 with a record December monthly recurring revenue of $19.4 million, establishing an exit annual recurring revenue of $232,800,000, more than double our original guidance. We now operate out of 32 offices globally with a world-class team of over 1,000 employees. Our platform is live and scaling across more than 950 enterprise customers. We delivered $46.8 million in total revenue for the year, driven by an explosive 543% growth in the second half. It is critical to understand the dual engine driving our trajectory. Our explosive growth is underpinned by a disciplined roll-up strategy of legacy enterprise search and commerce companies Through the strategic acquisitions of Group Buy, Crown Peak, and most recently Reward, we have systematically captured the enterprise discovery and transaction layers. These acquisitions were transformational building blocks, contributing nearly $90 million to our $232 million ARR exit, and allowing us to seamlessly transition established legacy customer bases onto our high margin agentic architecture. However, the vast majority of our momentum is purely organic. By leveraging our base of over 950 enterprise customers, our direct sales efforts and strategic partnerships with Microsoft and Google are delivering explosive performance and high value contracts. This hybrid approach, combining strategic consolidation with massive organic scale is exactly what drove our exit ARR of $232 million and $46.8 million full-year revenue result and provides the foundation for global dominance. Our success is built on a superior technological foundation. Our proprietary LLM brainpower is purpose-built for commerce and engineered for zero hallucination. In head-to-head benchmarking, Brainpower consistently outperforms general purpose models in skew level precision and in commercial outputs. The technical lead is why we command a 90% plus core software margin and enterprise trust our engine because it's built for execution, not just compensation. Furthermore, we are executing the most significant AWS playbook of the AI generation. Through the acquisition of SubSquid, SQD, we have secured a proprietary distributed blockchain database that removes our dependence on third-party ledgers We are deploying this internally to power our 112.7 billion API calls today with a clear path to commercialize this decentralized database architecture for the broader enterprise market tomorrow. The reason we are moving so aggressively is because of a fundamental shift in the internet. We are moving from a world of manual search to a world of agents. Today, A consumer visits one or two digital sites to find a product. Tomorrow, AI assistants like Siri, Gemini, and ChatGPT will shop on behalf of the consumer, querying hundreds of stores simultaneously. This will trigger a 100x explosion in transaction volume and API activity. Resolve is the toll booth for this surge. We are already seeing the first waves. We have noticed a 20% uplift in traffic to customer sites that we believe is directly attributable to agentic activity. We are executing this from a position of unrivaled financial strength. We have secured over $750 million in total funding, including our oversubscribed $250 million raise this past January. It is important for our shareholders to know that the company has zero requirement for additional operational equity to execute its 2026 mission. We are fully funded and our cash reserves provide more than sufficient runway for the day-to-day operations and organic growth. We enter 2026 with unprecedented visibility underpinned by a $232 million contracted revenue base. On the back of this momentum, we are upgrading our 2026 revenue guidance to $360 million. This represents a 7.5X growth over 2025, and we view it as a conservative baseline. I'll now hand over to Arthur Yao to take you through the financial details.