PXED

MKT CAP:$1B

Phoenix Education Partners, Inc

Market Cap

$1B

Consumer Defensive·Education & Training Services·🇺🇸 United States·NYSE

Consumer Def.·Education·🇺🇸·NYSE

Stock Price

$28.03-$1.64 (-5.53%)

Apr 22, 2026

Company Details

Owner/operator of the University of Phoenix, a post-secondary online education provider targeting working adults.

CEO

Christopher Lynne

IPO Date

Oct 8, 2025

Website

www.phoenixeducationpartners.com

Key Metrics TTM

Revenue

$1.0B

— YoY

Net Income

$89M

EPS (Diluted)

$2.47

Free Cash Flow

$56M

Revenue / Share

$26.08

Gross Margin

56.8%

Operating Margin

15.9%

Net Margin

8.8%

FCF Margin

5.5%

P/S

1.0x

P/E

11.2x

Earnings Reports

FY 2026

Jan 13, 2026

$262M-65.2%EPS $0.43

Q1 2026

Jan 13, 2026

$262M+9.1%EPS $0.40

FY 2025

Nov 20, 2025

$752M+10.9%EPS $2.07

Q4 2025

Nov 20, 2025

$257MEPS $0.49

Q2 2025

Feb 27, 2025

$255M+6.4%EPS $1.30

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 24	$222M	$124M	$40M
Q2 24	$239M	$142M	$65M
Q3 24	$217M	$120M	$35M
Q1 25	$240M	$136M	$35M
Q2 25	$255M	$147M	$65M
Q4 25	$257M	$147M	$22M
Q1 26	$262M	$147M	$40M

Valuation

Quarter	P/S	P/E
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q1 25	1.4x	14.0x
Q2 25	1.4x	11.5x
Q4 25	1.4x	15.3x
Q1 26	1.2x	13.5x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 25	$36M	$30M
Q1 26	$31M	$26M

Capital Expenditures

Quarter	CapEx
Q4 25	$6M
Q1 26	$5M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 25	+14.5%	+4.1%
Q4 25	+7.5%	+35.1%
Q1 26	+21.0%	+22.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 25	$723.0K	0.3%
Q1 26	$29M	11.3%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 24	—	$84M
Q2 24	—	$77M
Q3 24	—	$85M
Q1 25	—	$101M
Q2 25	—	$82M
Q4 25	$97M	—
Q1 26	$107M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 24	$297M	$16M	$314M
Q3 25	$203M	$9M	$213M
Q4 25	$137M	$9M	$146M
Q1 26	$191M	$12M	$203M
Q2 26	$231M	$7M	$238M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 24	36M	—	—
Q2 24	36M	0.0%	—
Q3 24	36M	0.0%	—
Q1 25	36M	0.0%	—
Q2 25	36M	0.0%	0.0%
Q4 25	36M	+0.2%	+0.2%
Q1 26	39M	+9.1%	+9.3%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 24	—	—
Q2 24	—	—
Q3 24	—	—
Q1 25	—	—
Q2 25	—	—
Q4 25	$75.7K	3K
Q1 26	$77.1K	3K

Revenue / Employee