PRDO Q2 2023 Earnings — Perdoceo Education Corporation Revenue & Financial Results | Market Cap Arena

PRDOPerdoceo Education Corporation

$2B

Q2 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$187M+11.3% YoY

Gross Profit

$154M82.4% margin

Operating Income

$48M25.8% margin

Net Income

$55M29.3% margin

EPS (Diluted)

$0.80

QoQ Revenue Growth

-4.6%

Cash Flow

Operating Cash Flow

$62M

Free Cash Flow

$60M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$221M

Stockholders' Equity

$792M

Cash & Equivalents

$141M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$187M	$168M	+11.3%
Gross Profit	$154M	$140M	+9.5%
Operating Income	$48M	$34M	+41.7%
Net Income	$55M	$26M	+112.2%

Revenue Segments

Tuition And Fees Net

$185M99%

Product and Service, Other

$2M1%