Operator

Good day, everyone, and thank you for standing by. My name is Christina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Perdoceo Education Corporation First Quarter 2026 Earnings Conference Call. [Operator Instructions]

I would now like to turn the floor over to Nick Nelson from Alpha IR. Nick, the floor is now yours.

Nick Nelson
Alpha IR Group LLC

Thank you, operator. Good afternoon, everyone, and thank you for joining us for our first quarter 2026 earnings call. With me on the call today is Todd Nelson, President and Chief Executive Officer; and Ashish Ghia, Chief Financial Officer. This conference call is being webcast live within the Investor Relations section of the company's website at perdoceoed.com. A webcast replay will also be available on our site for 90 days following the call, and you can always contact the Alpha IR Group for Investor Relations support.

Let me remind you that this afternoon's earnings release and remarks made today include forward-looking statements as defined in Section 21E of the Securities Exchange Act of 1934 as amended. These statements are currently -- are based on assumptions made by and information currently available to Perdoceo Education Corporation and involves risks and uncertainties that could cause actual future results, performance, business prospects and opportunities to differ materially from those expressed in or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors identified in Perdoceo's most recent annual report on Form 10-K and subsequent filings with the Securities and Exchange