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®,…
Earnings analysis · 10-Q
PRDO earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
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…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.85
- Segment
- CTU
- Segment
- AIUS
- Segment
- USAHS
What stood out
-
Revenue Growth of 4.1% Year-over-Year
Revenue rose to $221.7 million, up from $213.0 million in Q1 2025.
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Significant EPS Increase
Earnings per share improved to $0.85, a 30.8% increase from $0.65 in Q1 2025.
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Operating Income Surge
Operating income jumped 22.0% to $63.1 million from $51.7 million in the prior year.
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Segment Performance: USAHS Leading Growth
USAHS revenue grew 9.8% to $43.0 million, driven by increased enrollments.
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Strategic Enrollment Growth Initiatives
Total student enrollments across the company increased by 1.1% to 48,740.
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Lower Bad Debt Expense
Bad debt expense decreased by 24.0% from $7.6 million to $5.7 million.
What to watch
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Regulatory Headwinds
Continued scrutiny of the for-profit education sector may impact enrollments and funding.
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Dependence on Title IV Funding
Reduction in Title IV eligibility may severely affect cash flow and operations.
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Enrollment Decrease in AIUS Segment
AIUS reported a 2.2% decrease in enrollments, impacting long-term revenue potential.
Management's outlook
Management expects full-year adjusted operating income to increase due to revenue growth and lower operating expenses.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.