**Terese Wilke, Director of Investor Relations**

Thank you. Hello, everyone, and welcome to Strategic Education’s conference call to discuss our third quarter 2025 results.

Joining us today are Robert Silberman, Chairman; Karl McDonnell, President and Chief Executive Officer; and Daniel Jackson, Executive Vice President and Chief Financial Officer.

Following today’s remarks, we will open the call for questions.

Please note that this call may include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations and are subject to a number of assumptions, uncertainties, and risks that Strategic Education has identified in today’s press release. Such factors could cause actual results to differ materially.

Further information about these and other relevant uncertainties may be found in Strategic Education’s most recent annual report on Form 10-K, the upcoming 10-Q filing, and other filings with the Securities and Exchange Commission, as well as in future 8-Ks, 10-Qs, and 10-Ks.

Copies of these filings and the full press release are available for viewing on our website at strategiceducation.com.

And now, I’d like to turn the call over to Karl. Karl, please go ahead.
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