Core Viewpoint - Katapult Holdings held its Third Quarter 2025 Earnings Call, discussing financial performance and future guidance [2]. Group 1: Financial Performance - The call included remarks from key executives, including the CEO, CFO, and Chief Growth Officer, indicating a focus on operational results and financial guidance [2]. - The company provided both GAAP and non-GAAP financial measures, emphasizing the importance of understanding these metrics in evaluating performance [3]. Group 2: Forward-Looking Statements - The executives made forward-looking statements regarding financial guidance and business operations, highlighting the inherent risks and uncertainties associated with these projections [3]. - The company noted that actual results may differ materially from these forward-looking statements, which are based on current beliefs and assumptions [3].

Financial Data and Key Metrics Changes - The company reported a 4% increase in total service revenue to $39.7 million compared to Q3 2024, driven by growth in various business segments [4][5] - Adjusted EBITDA was flat at $3.6 million, with service revenue growth offset by lower business segment margins [5] - The pre-tax loss improved by $6.8 million to a loss of $1.7 million in Q3 2025, primarily due to lower interest expenses [5][11] Business Line Data and Key Metrics Changes - The service earning real estate segment generated $31.2 million in revenue, a 3% increase from Q3 2024, with adjusted EBITDA of $10 million, reflecting a slight margin decline [7][8] - The origination segment saw service revenue rise by 9% to $8.5 million, but adjusted EBITDA remained flat at $900,000, with a decline in margins [9][10] Market Data and Key Metrics Changes - The residential mortgage default market showed 90+ day mortgage delinquency rates at 1.3%, with foreclosure starts increasing by 19% and sales by 10% year-over-year [11][12] - The real estate market is perceived to be weakening, indicated by higher inventory and extended sales timelines [12] Company Strategy and Development Direction - The company is focusing on diversifying its customer base and growing businesses with strong growth potential, such as renovation and risk management services [5][6] - The strategy includes maintaining cost discipline while capitalizing on countercyclical business opportunities as market conditions evolve [13][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the third-quarter results and the potential for continued growth, particularly in businesses that are expected to benefit from increasing loan delinquencies and foreclosure activity [13][14] - The company is well-positioned to leverage its strengths in a changing market environment, anticipating stronger revenue and adjusted EBITDA growth [14] Other Important Information - The cooperative brokerage agreement with Rhythm expired on August 31, but Altisource continues to manage REO and receive referrals [9] - The company won new business that is expected to generate $3.2 million in annual service revenue, with a significant sales pipeline of $24.4 million [8][10] Q&A Session Summary Question: Are the customer wins for the Equator platform expected to translate to more inventory on Hubzu Marketplace? - Management confirmed that new customers for the Equator platform are now live and loading properties, which should generate revenue as assets are loaded, with historical success in cross-selling to Hubzu [15]

Core Viewpoint - Hess Midstream LP is conducting its Q1 2025 earnings conference call, indicating a focus on financial performance and operational updates for the quarter [1]. Group 1: Company Overview - The conference call is hosted by Jennifer Gordon, Vice President of Investment Relations, who acknowledges the participation of attendees and mentions the availability of the earnings release on the company's website [3]. - John Gatling, President and COO, is also present to provide insights into the company's operations during the call [5]. Group 2: Financial Reporting - The earnings release for Q1 2025 was issued earlier in the day, highlighting the company's financial performance for the quarter [3]. - The call includes discussions on projections and forward-looking statements, which are subject to various risks and uncertainties [4].