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PRDO

Perdoceo Education Corporation

PRDO

Perdoceo Education Corporation • NASDAQ
$27.96 ▲ 0.58% (+0.16)
Market Cap $1.83 B
52w High $38.02
52w Low $23.87
Dividend Yield 0.60%
P/E 12
Volume 487.05K
Outstanding Shares 65.34M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $211.872M ▲ $117.853M ▲ $39.85M ▼ 18.809% ▼ $0.62 ▼ $66.036M ▼
Q2-2025 $209.581M ▼ $107.941M ▼ $41.028M ▼ 19.576% ▼ $0.63 ▼ $67.997M ▲
Q1-2025 $213.004M ▲ $112.735M ▲ $43.688M ▲ 20.51% ▲ $0.67 ▲ $66.63M ▲
Q4-2024 $176.431M ▲ $104.057M ▲ $31.464M ▼ 17.834% ▼ $0.48 ▼ $48.804M ▼
Q3-2024 $169.828M $96.747M $38.255M 22.526% $0.58 $55.497M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $668.622M ▲ $1.299B ▲ $301.533M ▼ $997.851M ▲
Q2-2025 $637.987M ▲ $1.294B ▲ $309.756M ▲ $984.631M ▲
Q1-2025 $590.582M ▲ $1.269B ▲ $298.289M ▲ $970.255M ▲
Q4-2024 $568.925M ▼ $1.237B ▲ $277.498M ▲ $959.536M ▲
Q3-2024 $721.821M $1.117B $181.325M $935.431M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $41.028M ▼ $78.778M ▲ $-8.436M ▼ $-30.314M ▲ $40.028M ▲ $76.026M ▲
Q1-2025 $43.688M ▲ $65.127M ▲ $1.182M ▲ $-44.413M ▼ $21.896M ▲ $63.39M ▲
Q4-2024 $31.464M ▼ $17.599M ▼ $-115.055M ▼ $-9.613M ▼ $-107.069M ▼ $15.971M ▼
Q3-2024 $38.255M ▼ $50.978M ▲ $67.409M ▲ $-8.454M ▼ $109.933M ▲ $50.003M ▲
Q2-2024 $38.429M $38.525M $-29.336M $-7.131M $2.058M $37.701M

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
A I U S
A I U S
 $50.00M ▲$50.00M ▲$50.00M ▲$60.00M ▲
C T U
C T U
 $120.00M ▲$120.00M ▲$120.00M ▲$120.00M ▲
University of St Augustine for Health Sciences LLC
University of St Augustine for Health Sciences LLC
 $0 ▲$40.00M ▲$40.00M ▲$40.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been fairly steady over the last several years, with only slight movement up or down. The more notable story is on profitability: margins look healthy, and operating profit and cash-style earnings have improved versus earlier years. Net income and per‑share earnings have trended upward over time, helped by efficiency and possibly a shrinking share count. This suggests a business that is not growing rapidly at the top line but is managing its costs and profitability well.

Balance Sheet

Balance Sheet The balance sheet has strengthened over time. Total assets and shareholder equity have both increased, pointing to a sturdier financial base. Debt levels look modest and have generally stayed low, which limits financial risk. Cash balances move around year to year but overall the company does not appear heavily reliant on borrowing, which provides flexibility if the operating environment becomes more challenging.

Cash Flow

Cash Flow Cash generation is a clear strong point. Operating cash flow has been consistently positive and broadly in line with reported profits, which supports the quality of earnings. Because the business is relatively light on capital spending, most operating cash turns into free cash flow. This gives management room to invest in growth initiatives, make acquisitions, or return capital, while still maintaining a conservative financial profile.

Competitive Edge

Competitive Edge Perdoceo competes in a crowded and highly scrutinized for‑profit education market, but it has carved out a defensible niche around online, career‑focused programs for adult and non‑traditional students. Its proprietary adaptive learning platform and mobile app, along with recognized brands like Colorado Technical University and AIU, help differentiate its offerings. At the same time, the company faces stiff competition from both for‑profit and non‑profit schools and must continually prove student value and outcomes in a tough regulatory and reputational environment.

Innovation and R&D

Innovation and R&D Innovation is centered more on educational technology and program design than on traditional laboratory-style R&D. The Intellipath adaptive learning system and CTU mobile app show a clear push toward personalized and flexible learning. Recent moves into health sciences and coding/tech bootcamps via acquisitions broaden its program mix into higher‑demand areas. The company is also talking about using generative AI to enhance learning and operations, but the real impact of these efforts will depend on how effectively they are implemented and adopted by students and faculty.

Summary

Overall, Perdoceo looks like a financially disciplined, cash‑generative education provider with stable revenue, improving profitability, and a relatively conservative balance sheet. Its focus on non‑traditional online learners, proprietary learning technology, and targeted acquisitions supports a reasonable competitive position in selected niches. Key uncertainties revolve around regulatory risk, the long‑term reputation of for‑profit education, competitive pressures from traditional and online institutions, and execution risk in integrating acquisitions and new technologies such as AI.

NEWS

November 4, 2025 · 4:01 PM UTC

Perdoceo Education Corporation Reports Third Quarter and Year to Date 2025 Results

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October 15, 2025 · 4:15 PM UTC

Perdoceo Education Corporation Schedules Third Quarter Earnings Conference Call for November 4th

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