Grand Canyon Education, Inc Q2 2026 Earnings Call
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Two. Good day and welcome to the Grand Canyon Education second quarter 2026 Earnings Conference Call. At this time, all participants are in a listen only mode. After the speaker presentation, there will be a question and answer session. To ask a question during the session, you will need to press star one one on your telephone. You will then hear an automated message advising. Your hand is raised to withdraw your question, press star one one again. Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker, Mr. Dan Bachus, Chief Financial Officer. Please go ahead.
Joining me on today's call is our chairman and CEO, Brian Mueller. Please note that many of our comments today will contain forward looking statements that involve risks and uncertainties, various factors could cause our actual results to be materially different from any future results expressed or implied by such statements. These factors are discussed in our SEC filings, including our annual Report on Form 10-K, quarterly reports on Form 10-q, and Current Reports on Form 8-K. We undertake no obligation to provide updates with regard to the forward looking statements made during this call, and we recommend that all investors review these reports thoroughly before taking a financial position in GCE. And with that, I'll turn the call over to Brian.
Good afternoon, and thank you for joining Grand Canyon Education second Quarter 2026 Conference call. There's been major disappointment from investors with regard to Grand Canyon stock performance over the last 12 months. This is true in spite of the fact that Gse's financial performance continues to be remarkably consistent, as it has been for 18 years. I want to start this call with the reason I believe this is happening. The following quote from a recent Wall Street Journal article summarizes what I. Believe major industry shake ups occur when structural shifts, such as technological breakthroughs, regulatory changes, or economic pressures. Allow agile, fast moving companies to displace legacy incumbents and seize market leadership. In the current economic landscape, market leadership is transitioning at a record pace due to chaos, fatigue, and rapid AI adoption Legacy corporations are frequently losing ground to leaner technology. Native competitors. Closed quote. I believe it is taking the investment community time to understand the new environment that emerges when major structural changes take place, in what has