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Perdoceo Education Corporation Reports Third Quarter and Year to Date 2025 Results

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  • Perdoceo Education Corporation reported third quarter 2025 results ending September 30, 2025, with total student enrollments increasing 15.1% to 46,520.
  • Revenue for the quarter rose 24.8% to $211.9 million, while year-to-date revenue increased 25.7% to $634.5 million.
  • Operating income for the quarter grew 13.8% to $51.0 million, with adjusted operating income up 27.4% to $61.0 million.
  • Year-to-date operating income increased 12.4% to $154.1 million, while adjusted operating income rose 27.2% to $186.1 million.
  • Earnings per diluted share were $0.60 for the quarter and $1.87 year-to-date, compared to $0.57 and $1.73 respectively in the prior year periods.
  • Adjusted earnings per diluted share reached $0.65 for the quarter and $2.02 year-to-date, surpassing the prior year figures of $0.59 and $1.77.
  • The company ended the quarter with $668.6 million in cash, cash equivalents, restricted cash, and short-term investments.
  • Capital allocation activities included returning $30.3 million to shareholders via share repurchases and dividends during the quarter.
  • Year-to-date share repurchases totaled 2.3 million shares for $66.7 million, with the board declaring a $0.15 per share quarterly dividend payable on December 12, 2025.
  • Net cash provided by operating activities was $41.2 million for the quarter and $185.1 million year-to-date, representing a 28.6% increase over the prior year period.
  • The company provided fourth quarter 2025 outlook projecting operating income of $38.1 million to $40.1 million and adjusted earnings per share of $0.53 to $0.55.
  • Full year 2025 outlook forecasts operating income between $192.2 million and $194.2 million, with adjusted earnings per share estimated at $2.54 to $2.56.
  • Student enrollment growth was driven by a 6.7% increase at Colorado Technical University (CTU) and new contributions from the acquired University of St. Augustine for Health Sciences (USAHS), partially offset by a 2.9% decline at American InterContinental University System (AIUS).