PERDOCEO EDUCATION Corp

For the period ended Sep 30, 2025. Filed Nov 4, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 4, 2025

PRDO$28.87+5.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income (Unaudited)

CONDENSED CONSOLIDATED STATE MENTS OF INCOME

	For the Quarter Ended September 30,		For the Year to Date Ended September 30,
(In Thousands, Except Per Share Amounts)	2025	2024	2025	2024
REVENUE:
Tuition and fees, net	$210,674	$168,442	$630,897	$500,844
Other	1,198	1,386	3,560	3,988
Total revenue	211,872	169,828	634,457	504,832
OPERATING EXPENSES:
Educational services and facilities	49,141	28,287	147,924	85,661
General and administrative	101,757	93,694	300,478	270,487
Depreciation and amortization	10,015	3,053	31,970	9,138
Asset impairment	-	-	-	2,468
Total operating expenses	160,913	125,034	480,372	367,754
Operating income	50,959	44,794	154,085	137,078
OTHER INCOME:
Interest income	6,652	7,702	19,588	21,685
Interest expense	(1,592)	(82)	(4,885)	(529)
Miscellaneous income (expense)	2	(52)	(24)	(7)
Total other income	5,062	7,568	14,679	21,149
PRETAX INCOME	56,021	52,362	168,764	158,227
Provision for income taxes	16,171	14,107	44,198	42,101
NET INCOME	39,850	38,255	124,566	116,126
NET INCOME PER SHARE - BASIC:	$0.62	$0.58	$1.91	$1.77
NET INCOME PER SHARE - DILUTED:	$0.60	$0.57	$1.87	$1.73
WEIGHTED AVERAGE SHARES OUTSTANDING:
Basic	64,647	65,699	65,215	65,622
Diluted	66,007	67,312	66,510	67,110

ContentsView on SEC.gov

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