PRDO earnings analysis
What we found in PRDO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Perdoceo Education Corporation reported a strong Q1 2026 with revenue of $221.7 million, a 4.1% increase from $213.0 million in Q1 2025, exceeding analyst expectations. Earnings per share (EPS) improved significantly to $0.85, reflecting a 30.8% year-over-year gain, supported by increased enrollments and strategic investments in academic programs.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Growth of 4.1% Year-over-Year
- Revenue rose to $221.7 million, up from $213.0 million in Q1 2025.
- Significant EPS Increase
- Earnings per share improved to $0.85, a 30.8% increase from $0.65 in Q1 2025.
- Operating Income Surge
- Operating income jumped 22.0% to $63.1 million from $51.7 million in the prior year.
- Segment Performance: USAHS Leading Growth
- USAHS revenue grew 9.8% to $43.0 million, driven by increased enrollments.
- Strategic Enrollment Growth Initiatives
- Total student enrollments across the company increased by 1.1% to 48,740.
- Lower Bad Debt Expense
- Bad debt expense decreased by 24.0% from $7.6 million to $5.7 million.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Regulatory Headwinds
- Continued scrutiny of the for-profit education sector may impact enrollments and funding.
- Dependence on Title IV Funding
- Reduction in Title IV eligibility may severely affect cash flow and operations.
- Enrollment Decrease in AIUS Segment
- AIUS reported a 2.2% decrease in enrollments, impacting long-term revenue potential.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.85
- Gross margin
- 77.2%
- Operating margin
- 28.5%
- Segment
- CTU
- Segment
- AIUS
- Segment
- USAHS
What they said about what is next.
Management expects full-year adjusted operating income to increase due to revenue growth and lower operating expenses.
The filing reads better than the one before it.
What came before.
- 10-K · February 19, 2026
- Perdoceo’s 10-K emphasizes a strategy of scaling online, career-focused education across three accredited institutions (CTU, AIUS and USAHS) while investing in personalized learning technologies (intellipath®,…
- 10-Q · July 31, 2025
- Perdoceo reported Q2 revenue of $209.581 million (vs. Q2 2024 $166.740 million) and diluted EPS of $0.62 (vs. $0.57 in Q2 2024), beating consensus modestly. Operating income rose to $51.399 million but operating margin…
- 10-Q · May 1, 2025
- Perdoceo reported Q1 revenue of $213,004 (in thousands) and GAAP diluted EPS of $0.65, beating consensus and growing materially year-over-year. Operating income rose to $51,727 (in thousands) with a stable operating…
- 10-Q · November 12, 2024
- Perdoceo reported Q3 revenue of $169,828,000 (down from $179,923,000 a year ago) and diluted EPS of $0.57. Gross margin remained healthy at ~83.3% and operating income improved to $44,794,000, while net income fell to…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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