10-Q · February 8, 2024
Universal Technical Institute reported strong year-over-year revenue and profitability improvement for the quarter ended December 31, 2023: revenue rose to $174.7M (from $120.0M) and operating income expanded to $14.2M…
Earnings analysis · 10-Q
UTI earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Universal Technical Institute reported Q2 FY2026 results with revenues of $221.4 million, up 6.7% year-over-year, slightly exceeding estimates. However, diluted EPS of $0.01 fell short of the $0.04 estimate, attributed…
Read full summary
Universal Technical Institute reported Q2 FY2026 results with revenues of $221.4 million, up 6.7% year-over-year, slightly exceeding estimates. However, diluted EPS of $0.01 fell short of the $0.04 estimate, attributed largely to strategic growth expenses. Management highlighted a focus on increasing student enrollments and opening new campuses as part of their diversified growth strategy.
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.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
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
- $0.01
What stood out
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Revenue Growth Above Estimates
Q2 FY2026 revenue reached $221.4 million, beating estimates of $221.2 million.
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EPS Misses Expectations
Diluted EPS was $0.01, missing the estimate of $0.04.
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Active Student Enrollment Growth
Average full-time active students increased by 7.2% to 26,385 compared to the previous year.
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Strategic Growth Initiatives
Investment of approximately $11 million in strategic growth for upcoming programs and campuses.
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Segment Revenue Increases
UTI segment revenue rose by 6.3% and Concorde by 7.5%.
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Operating Cash Flow
Net cash provided by operating activities was $7.1 million for the six-months ended.
What to watch
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Net Income Decline
Net income dropped to $433,000 from $11.4 million year-over-year.
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Increased Strategic Expenses
Operating expenses surged to $426.2 million, up 16.9% due to growth initiatives.
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Higher Student-Related Costs
Increased student related expenses contributed to the overall rise in operational spending.
Management's outlook
Full-year guidance is reaffirmed with a focus on growth and program expansion.
Earlier filings 4
10-Q · May 9, 2023
Universal Technical Institute reported strong revenue growth in the quarter: revenue of $163,820,000 (3 months ended March 31, 2023) up $61,734,000 (≈60.5%) year-over-year and up $43,816,000 (≈36.5%) versus the prior…
10-Q · February 9, 2023
Universal Technical Institute reported quarterly revenue of $120,004,000 (up $14,929,000 or ~14.2% vs. $105,075,000 a year ago) driven by its December 1, 2022 Concorde acquisition and other growth, but operating profit…
10-K · December 12, 2022
Universal Technical Institute (UTI) emphasizes growth through acquisitions, campus openings and program diversification while leveraging industry OEM relationships and manufacturer-specific training. The 10-K highlights…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.