Adtalem Global Education Inc.
For the period ended Dec 31, 2025. Filed Jan 28, 2026.
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Dec 31, 2025 · Filed Jan 28, 2026
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Discontinued Operations
- Discontinued Operations
On December 11, 2018, Adtalem sold DeVry University to Cogswell Education, LLC (“Cogswell”) for de minimis consideration. The purchase agreement includes an earn-out entitling Adtalem to payments of up to $20.0 million over aten-year period payable based on DeVry University’s financial results. Adtalem received $0.5 million and $7.0 million during the second quarter of fiscal year 2026 and 2025, respectively, related to the earn-out. As of the second quarter of fiscal year 2026, we have received the full earn-out of $20.0 million.
We had income from discontinued operations of $0.2 million and $1.0 million in the three and six months ended December 31, 2025, respectively, and income from discontinued operations of $4.7 million and $4.6 million in the three and six months ended December 31, 2024, respectively. We continue to incur costs associated with ongoing litigation and settlements related to divestitures, which are classified as expenses within discontinued operations.
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