BGC Group, Inc. (NASDAQ:BGC) Q2 2025 Earnings Conference Call July 31, 2025 10:00 AM ET
Company Participants
Jason Chryssicas – Head of Investor Relations
Jason Williams Hauf – Executive VP & CFO
Jean-Pierre Aubin – Co-Chief Executive Officer
John Joseph Abularrage – Co-Chief Executive Officer
Sean A. Windeatt – COO & Co-CEO
Conference Call Participants
Elias Noah Abboud – BofA Securities, Research Division
Patrick Malcolm Moley – Piper Sandler & Co., Research Division
Operator
Greetings, and welcome to the BGC Group, Inc. Second Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this cost is being recorded. It is now my pleasure to introduce your host, Jason Chryssicas, Head of Investor Relations. Thank you. You may begin.
Jason Chryssicas
Thank you, and hello, everyone. This morning, we issued BGC’s second quarter 2025 financial results, which can be found at ir.bgcg.com. Any historical results provided on today’s call compare only the second quarter of 2025 with the prior year period, unless otherwise specified. All references on today’s call to historic and record results are to BGC stand-alone financial results, excluding Newmark prior to the spin-off in November 2018. We will be referring to our results on a non-GAAP basis, which include the terms adjusted earnings and adjusted EBITDA. Please refer to today’s investor materials on our website for additional details on our financial results and for complete and updated definitions of any non-GAAP terms, reconciliations of these items to the corresponding GAAP results and how, when and why management uses them.
The outlook discussed today assumes no material acquisitions or dispositions. Our expectations are subject to change based on various macroeconomic, social, political and/or other factors. Information on this call contains forward-looking statements, including, without limitation, statements about our economic outlook and business. These statements are subject to risks and uncertainties, which could cause our actual results to differ from
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