PXED earnings analysis
What we found in PXED'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
Phoenix Education Partners reported Q3 2026 earnings with revenue of $271.8 million, slightly exceeding the estimates of $271.1 million. EPS was reported at $1.01, missing the consensus estimate of $1.31. Despite this revenue beat, net income fell 27.3% from the prior year. The company increased its full-year revenue guidance to between $1.02 billion and $1.025 billion, reflecting optimism about enrollment and retention.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beat Estimates
- Revenue for Q3 2026 was $271.8 million, exceeding estimates of $271.1 million.
- EPS Performance
- The diluted EPS was $1.01 compared to the consensus estimate of $1.31.
- Guidance Increased
- Full-year revenue guidance was raised to $1.02 billion - $1.025 billion.
- Enrollment Growth
- Average Total Degreed Enrollment increased by 2.2% compared to the prior year.
- Cash Position Improved
- Total cash, cash equivalents, and marketable securities increased by 38.3% to $269.4 million.
- Operating Cash Flow Positive
- Net cash provided by operating activities was $116.7 million for the nine months ending May 31, 2026.
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.
- Increased Operating Expenses
- Total costs and expenses rose by 9.7% to $219.975 million, impacting operating income.
- Higher Marketing Expenses
- General and administrative expenses increased by 17.3% to $97.754 million due to increased marketing efforts.
- Dependence on Enrollments
- Ongoing enrollment is critical; failures to attract or retain students could severely impact revenue.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $1.01
- Gross margin
- 40.6%
- Operating margin
- 19.1%
What they said about what is next.
Full-year revenue guidance increased to $1.02 billion - $1.025 billion.
The filing reads about the same as the one before it.
What came before.
- 10-Q · April 7, 2026
- Phoenix Education Partners reported essentially flat quarter: net revenue of $222,461,000 in Q2 (three months ended February 28, 2026) versus $223,406,000 in the prior-year quarter. Operating income and diluted EPS…
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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