PERDOCEO EDUCATION Corp PRDO
Perdoceo's accredited academic institutions offer a quality postsecondary education to a diverse student population, with fully online, campus-based and hybrid learning programs. The Company's academic institutions – Colorado Technical University ("CTU"), the American InterContinental University System ("AIUS" or "AIU System") and University of St. Augustine for Health Sciences ("USAHS") – provide degree programs from the associate through doctoral level as well as non-degree seeking and professional development programs. Our academic institutions offer students industry-relevant and career-focused academic programs that are designed to meet the educational needs of today's busy adults. CTU and AIUS continue to show innovation in higher education, advancing personalized learning technologies like their intellipath® learning platform and using data analytics and technology to serve and educate students while enhancing overall learning and academic experiences. USAHS prepares medical professionals to provide quality medical care to communities across the country primarily through its graduate health sciences degree offerings in physical therapy, occupational therapy, speech language therapy and nursing, as well as continuing education programs. Perdoceo's academic institutions are committed to providing quality education that closes the gap between learners who seek to advance their careers and employers and communities needing a qualified workforce
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $846.1M | $681.3M | $710.0M | $695.2M | $693.0M | $687.3M | $627.7M | $581.3M | $596.4M | $704.4M |
| SG&A | $410.9M | $367.1M | $398.1M | $426.1M | $418.5M | $417.2M | $430.2M | $390.7M | $405.0M | $477.7M |
| Total operating expenses | $650.1M | $507.0M | $559.6M | $565.6M | $544.0M | $544.4M | $541.2M | $510.0M | $562.3M | $736.7M |
| Operating income | $196.0M | $174.3M | $150.4M | $129.6M | $149.0M | $142.9M | $86.5M | $71.3M | $34.1M | -$32.3M |
| Interest expense | $6.5M | $613.0K | $404.0K | $400.0K | $920.0K | $167.0K | $167.0K | $681.0K | $451.0K | $584.0K |
| Pre-tax income | $216.8M | $201.4M | $192.2M | $134.3M | $149.0M | $146.7M | $92.4M | $73.7M | $35.2M | -$2.2M |
| Income tax | $56.9M | $53.9M | $44.5M | $38.4M | $39.4M | $22.5M | $22.4M | $18.6M | $67.1M | $16.6M |
| Net income | $159.9M | $147.6M | $147.7M | $95.9M | $109.6M | $124.3M | $70.0M | $55.2M | -$31.9M | -$18.7M |
| EPS, basic | 2.47 | 2.25 | 2.22 | 1.41 | 1.57 | 1.79 | 1.00 | 0.79 | -0.46 | -0.27 |
| EPS, diluted | 2.42 | 2.19 | 2.18 | 1.39 | 1.55 | 1.74 | 0.97 | 0.77 | -0.46 | -0.27 |
| Shares, diluted (wtd. avg.) | $66.2M | $67.2M | $67.8M | $69.0M | $70.9M | $71.3M | $72.1M | $71.5M | $68.9M | $68.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $111.0M | $109.1M | $118.0M | $109.4M | $320.0M | $105.7M | $108.7M | $32.4M | $18.1M | $49.5M |
| Short-term investments | $511.2M | $459.8M | $485.1M | $399.3M | $174.2M | $300.7M | $185.5M | $196.4M | $156.2M | — |
| Receivables | — | — | — | — | — | — | $55.0M | $28.8M | $18.9M | $22.8M |
| Inventory | $4.0M | $3.4M | $5.0M | $1.9M | $904.0K | $596.0K | $576.0K | $763.0K | $1.1M | $1.9M |
| Total current assets | $696.9M | $640.2M | $655.0M | $575.1M | $554.5M | $467.1M | $360.4M | $269.4M | $210.7M | $248.2M |
| Property, plant and equipment | $83.3M | $95.5M | $21.4M | $26.0M | $28.4M | $27.8M | $26.0M | $30.0M | $33.2M | $40.5M |
| Goodwill | $265.7M | $258.0M | $241.2M | $243.5M | $162.6M | $118.3M | $87.4M | $87.4M | $87.4M | $87.4M |
| Other intangibles | $77.9M | $95.0M | $36.2M | $53.6M | $32.2M | $15.5M | $7.9M | $7.9M | $7.9M | $8.5M |
| Total assets | $1.25B | $1.24B | $1.01B | $957.4M | $847.4M | $721.5M | $599.1M | $482.5M | $447.1M | $559.6M |
| Accounts payable | $14.3M | $12.8M | $10.8M | $13.5M | $10.8M | $13.3M | $11.5M | $9.2M | $8.5M | $10.1M |
| Total current liabilities | $137.8M | $132.2M | $111.0M | $163.4M | $140.2M | $103.8M | $103.8M | $97.1M | $112.7M | $169.2M |
| Retained earnings | $718.4M | $595.7M | $480.6M | $347.8M | $252.0M | $142.3M | $18.1M | -$52.9M | -$108.1M | -$76.2M |
| Total equity | $972.4M | $959.5M | $841.4M | $725.8M | $650.1M | $555.9M | $431.3M | $355.2M | $296.2M | $321.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $225.2M | $161.6M | $112.0M | $148.2M | $191.1M | $180.0M | $73.1M | $57.0M | -$21.8M | $6.5M |
| Depreciation and amortisation | $41.6M | $14.6M | $16.9M | $19.7M | $16.8M | $14.8M | $9.1M | $9.4M | $14.0M | $22.7M |
| Stock-based compensation | $11.7M | $10.2M | $8.1M | $8.8M | $15.0M | $13.4M | $9.3M | $5.6M | $5.0M | $3.2M |
| Capital expenditure | $8.6M | $4.6M | $6.4M | $12.6M | $10.5M | $9.8M | $5.2M | $6.7M | $6.3M | $4.1M |
| Investing cash flow | -$53.6M | -$107.8M | -$88.5M | -$326.8M | $54.3M | -$165.9M | $7.7M | -$41.5M | -$11.6M | -$34.4M |
| Financing cash flow | -$171.1M | -$41.1M | -$23.4M | -$27.7M | -$29.9M | -$13.1M | -$4.8M | -$1.7M | $1.5M | -$37.8M |
| Dividends paid | — | — | $14.4M | — | — | — | — | — | — | — |
| Buybacks | $120.8M | $6.8M | $8.3M | $23.1M | $25.3M | $17.9M | $3.9M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-149814.
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