PRDO FY 2025 Earnings Report — Perdoceo Education Corporation Revenue & Financial Results | Market Cap Arena

Perdoceo Education CorporationPRDO

FY 2025 Earnings

Reported February 19, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$846M	—	$681M	—	24.2%
Op. Income	$196M	—	$174M	—	12.5%
Gross Margin	71.7%	—	82.3%	—	-10.5pp
Net Margin	18.9%	—	21.7%	—	-2.8pp
EPS (Diluted)	$2.42	—	$2.19	—	10.5%
Free Cash Flow	$217M	—	$157M	—	38.0%

Revenue Flow

Item	Amount
REVENUE	$846M
Cost of Revenue	$239M
GROSS PROFIT	$607M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$411M
SG&A Expenses	$411M
Other Expenses	$0
Operating Expenses	$411M
Cost & Expenses	$650M
OPERATING INCOME	$196M
Interest Income	$26M
Interest Expense	$6M
Other Income/Expenses	$21M
INCOME BEFORE TAX	$217M
Income Tax Expense	$57M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$42M
EBIT	$223M
EBITDA	$265M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$846M
Cost of Revenue	$239M
GROSS PROFIT	$607M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$411M
SG&A Expenses	$411M
Other Expenses	$0
Operating Expenses	$411M
Cost & Expenses	$650M
OPERATING INCOME	$196M
Interest Income	$26M
Interest Expense	$6M
Other Income/Expenses	$21M
INCOME BEFORE TAX	$217M
Income Tax Expense	$57M
Net Income from Continuing Ops	$160M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$160M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$160M
D&A	$42M
EBIT	$223M
EBITDA	$265M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$160M
Depreciation & Amortization	$42M
Stock-Based Compensation	$12M
Deferred Income Tax	$4M
Other Non-Cash Items	$29M
Change in Working Capital	-$21M
OPERATING CASH FLOW	$225M
Capital Expenditure	-$9M
Acquisitions (Net)	$854.0K
Purchases of Investments	-$393M
Sales/Maturities of Investments	$347M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$54M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$121M
Common Dividends Paid	-$37M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	-$171M
FREE CASH FLOW	$217M
Net Change in Cash	$527.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$511M
Net Receivables	$32M
Inventory	$4M
Other Current Assets	$208.0K
TOTAL CURRENT ASSETS	$697M
PP&E (Net)	$137M
Goodwill	$266M
Intangible Assets	$78M
Long-Term Investments	$5M
Tax Assets	$82M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$575M
TOTAL ASSETS	$1.3B
Account Payables	$14M
Short-Term Debt	$11M
Deferred Revenue	$38M
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$138M
Long-Term Debt	$44M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$44M
TOTAL NON-CURRENT LIABILITIES	$162M
TOTAL LIABILITIES	$300M
Common Stock	$921.0K
Additional Paid-In Capital	$721M
Retained Earnings	$718M
Treasury Stock	-$469M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$972M
Minority Interest	$0
TOTAL EQUITY	$972M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$105M
Net Debt	-$27M