PERDOCEO EDUCATION CorpPRDOEarnings & Financial Report
Perdoceo Education Corporation (PRDO) is a public company that owns five for-profit universities in the United States: American Intercontinental University, Colorado Technical University, California Southern University, Trident University International, and University of St. Augustine for Health Sciences. The company was previously known as Career Education Corporation.
Revenue
$168.3M
Gross Profit
N/A
Operating Profit
$46.3M
Net Profit
$39.4M
Gross Margin
N/A
Operating Margin
27.5%
Net Margin
23.4%
YoY Growth
-14.0%
EPS
$0.59
Financial Flow
PERDOCEO EDUCATION Corp Q1 2024 Financial Summary
PERDOCEO EDUCATION Corp reported revenue of $168.3M (down 14.0% YoY) for Q1 2024, with a net profit of $39.4M (up 14.4% YoY) (23.4% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $168.3M |
|---|---|
| Net Profit | $39.4M |
| Gross Margin | N/A |
| Operating Margin | 27.5% |
| Report Period | Q1 2024 |
Revenue Breakdown
PERDOCEO EDUCATION Corp Q1 2024 revenue of $168.3M breaks down across 3 segments, led by Tuition Net at $159.3M (94.7% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Tuition Net | $159.3M | 94.7% |
| Technology And Other Fees | $7.7M | 4.6% |
| Other | $1.3M | 0.8% |
PERDOCEO EDUCATION Corp Revenue by Segment — Quarterly Trend
PERDOCEO EDUCATION Corp revenue by segment across the last 4 reported quarters, showing how each business line (such as Tuition Net and Technology And Other Fees) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Technology And Other Fees | — | — | — | $9.5M |
| Other | $1.1M | $1.2M | $1.2M | $5.2M |
PERDOCEO EDUCATION Corp Annual Revenue by Year
PERDOCEO EDUCATION Corp annual revenue history includes year-by-year totals (for example, 2025 revenue was $846.1M).
| Year | Annual Revenue |
|---|---|
| 2025 | $846.1M |
| 2024 | $681.3M |
| 2023 | $710.0M |
| 2022 | $695.2M |
PERDOCEO EDUCATION Corp Quarterly Revenue & Net Profit History
PERDOCEO EDUCATION Corp results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $211.6M | +20.0% | N/A | N/A |
| Q3 2025 | $211.9M | +24.8% | $39.9M | 18.8% |
| Q2 2025 | $209.6M | +25.7% | $41.0M | 19.6% |
| Q1 2025 | $213.0M | +26.6% | $43.7M | 20.5% |
| Q4 2024 | $176.4M | +19.3% | N/A | N/A |
| Q3 2024 | $169.8M | -5.6% | $38.3M | 22.5% |
| Q2 2024 | $166.7M | -10.6% | $38.4M | 23.0% |
| Q1 2024 | $168.3M | -14.0% | $39.4M | 23.4% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $168.3M | $166.7M | $169.8M | $176.4M | $213.0M | $209.6M | $211.9M | $211.6M |
| YoY Growth | -14.0% | -10.6% | -5.6% | 19.3% | 26.6% | 25.7% | 24.8% | 20.0% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.05B | $1.08B | $1.12B | $1.24B | $1.27B | $1.29B | $1.30B | $1.25B |
| Liabilities | $185.9M | $178.7M | $181.3M | $277.5M | $298.3M | $309.8M | $301.5M | $275.3M |
| Equity | $866.1M | $899.5M | $935.4M | $959.5M | $970.3M | $984.6M | $997.9M | $972.4M |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $54.5M | $38.5M | $51.0M | $17.6M | $65.1M | $78.8M | $41.2M | $40.1M |