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Perdoceo Education Corp (PRDO) stock

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NASDAQ: PRDO Nasdaq Education Services Next results ~November 5, 2026

B+ Fundamentals grade

Perdoceo Education Corp is a US-listed company in the education services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$86

Cash-flow model

Base case. Range ~$68–$110 across our lower- and higher-growth cases (3.7%–13.7% a year).

Price vs value

Undervalued

The price is below our entire value range; our base value is 190% above it.

Price used: $29.66, November 2, 2026

Perdoceo Education Corp valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 10 selling0 purchases and 21 sales by directors and officers, last 12 monthsInsider trades
  • Funds166 adding, 143 cuttingOf 56 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Perdoceo Education files

Where Perdoceo Education stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $859m, up 11.7% on a year earlier, slower than the 17.7% growth a quarter earlier. That growth ranks 3 of 11 among the education services companies we cover. Free-cash-flow margin fell to 25.4% from 26.7% a year earlier. The diluted share count is down 3.8% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 2 of our 2 financial-health checks. Our cash-flow model value is $88.05 a share, against a share price of $31.51.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Perdoceo Education Corp's trailing-twelve-month revenue grew 11.7% year on year, with a free-cash-flow margin of 25.4%. Where it stands out: net margin of 20.6% ranks 1 of 25 education services companies we cover.

Our discounted-cash-flow model values the business at ~$86 per share in the base case (~$68–$110 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth decelerating: TTM revenue growth slowed to 11.7% (-6.1pp vs the prior quarter), the 3rd consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $29.66 is 190% below our value per share of $86.
  • Strong cash generation. 25.4% of revenue turned into free cash flow, against a median of 5.8% for education services companies we cover.
  • Shrinking share count. Diluted shares fell 3.8% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Growth slowing. The growth rate is 6.1 points lower than a quarter earlier.
  • Insiders selling. 10 insiders sold $16M of stock over the past 365 days and none bought (78% under pre-set trading plans).

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.80 against an average estimate of $0.80: beat by 0.0%
Revenue
$213m, up 1.8% on a year earlier
Share reaction
+2.5% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate $0.74

Perdoceo Education's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-0.5%
  • 1 week-9.3%
  • 1 month-7.1%
  • This year+2.6%
  • 1 year-4.8%
  • 5 years+192.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$859M
Operating margin
24.6%
Net margin
20.6%
EPS (TTM, diluted)
$2.74

Growth

Revenue growth
+11.7%
Change in growth rate
−6.1 pts
Share count change
−3.8%

Cash

Free cash flow (TTM)
$218M
FCF margin
25.4%
Stock pay % of revenue
1.5%

Earnings

Last results
August 6, 2026
Next results (est.)
November 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Agreement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Perdoceo Education Corp valuation models and calculator

What the price is pricing in

The share price implies cash flow shrinking about 16.5% a year for five years.That is slower than the 4.4% a year revenue growth Perdoceo Education has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in-16.5%
  • Last 12 months11.7%
  • 3 years a year5.7%
  • 5 years a year4.4%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($29.70, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Buy12-month view
12-month price target
~$86
Price used
$29.70close November 3, 2026
Implied change
▲ +190%
Uncertainty
Low

How we got here: a discounted-cash-flow model of Perdoceo Education Corp's free cash flow after stock-based pay with after-tax interest added back ($200M, FY2026 Q2 TTM), growing 5.2% and 7.9% in the next two years (forecasts, guidance and its record), then back to 8.7% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$68–~$110 ; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Perdoceo Education Corp's free cash flow after stock-based pay ( $200M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Perdoceo Education Corp as an operating company, with every model that fits that kind of business. Cost of equity 8.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.69 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$86 ~$68–$110 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$8.1 ~$27–$46 Left out: far from the other models (more than 3x away from their median)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$52 ~$35–$81 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$45 ~$38–$56 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$67 ~$45–$86 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Perdoceo Education Corp with Education Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −22%
  • Revenue growth 5 points higher ▲ +28%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▼ −4%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $58$74$96$125$163$211
8.5% $47$59$75$95$122$157
10% $41$50$62$78$98$124

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$3.39$9.43$11.29$10.67$17.18$11.80$10.99$12.99$16.62$25.60$28.91$29.66
Market value$232m$644m$778m$763m$1.2bn$841m$779m$896m$1.1bn$1.7bn$1.9bn$1.9bn
+ Net debt (− = net cash)−$29m−$50m−$18m−$32m−$109m−$106m−$320m−$109m−$118m−$109m−$111m−$163m
Enterprise value$203m$595m$760m$730m$1.1bn$735m$459m$787m$1.0bn$1.6bn$1.8bn$1.8bn
Multiples
Price / sales 0.3x0.9x1.3x1.3x2.0x1.2x1.1x1.3x1.6x2.5x2.3x2.2x
Price / earnings 4.5x——13.8x17.7x6.8x7.1x9.4x7.6x11.7x12.0x10.8x
Price / free cash flow —n/m—15.2x18.2x4.9x4.3x6.6x10.7x11.0x8.8x8.8x
EV / EBITDA ——15.8x9.0x11.8x4.7x2.8x5.3x6.0x8.5x7.6x7.0x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

76 /100

Strong moat

How hard Perdoceo Education's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 12.6% of total assets over 10 years.

  • Durability 6 / 20

    Operating margin has been a median 20.3%; its worst year was -6.0%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 9 of 10 years, at a median 20.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 9.6% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (81 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $211m and EPS of $0.74 (range $0.74 to $0.74) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $3.13 +20% $855m +1%
Next $3.30 +5% $880m +3%

Next year's EPS estimate has moved −1.2% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +0.6% on 90 days ago. In the last 30 days, 1 analyst raised Perdoceo Education Corp's forecast and 0 cut it.

Consensus EPS forecast Perdoceo Education Corp, last 90 days
$3.10 $3.20 $3.30 $3.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $3.11 Current fiscal year, 60 days ago: $3.11 Current fiscal year, 30 days ago: $3.13 Current fiscal year, 7 days ago: $3.13 Current fiscal year, Now: $3.13 $3.13 Next fiscal year, 90 days ago: $3.34 Next fiscal year, 60 days ago: $3.34 Next fiscal year, 30 days ago: $3.30 Next fiscal year, 7 days ago: $3.30 Next fiscal year, Now: $3.30 $3.30

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $3.11$3.34
60 days ago $3.11$3.34
30 days ago $3.13$3.30
7 days ago $3.13$3.30
Now $3.13$3.30

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.80 $0.80 0.0%
Mar 2026 $0.84 $0.90 +7.1%
Dec 2025 $0.54 $0.59 +9.3%
Sept 2025 $0.61 $0.65 +6.6%

Adjusted EPS as companies report it, against the average analyst estimate.

How our valuation uses these forecasts

Our cash-flow model grows Perdoceo Education Corp's revenue by +5.2% next year and +7.9% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+1.0%, weight 45%) and the company's own record (+8.7%, weight 55%) . How the weights are set.

Analyst recommendations

1 analysts, Oct 2026
Buy1100%
Hold00%
Sell00%

Monthly trend

  1. Oct 202611
  2. Sep 202611
  3. Aug 202611
  4. Jul 202611

Counts of recommendations published by analysts covering Perdoceo Education Corp, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.5%
of tradable shares
Days to cover
6.15
at average volume
Short interest, 1 month
+10%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.2%
of shares
Employees
6,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.8%

$31.14 on October 31, 2025 to $29.66

ThenNowEffect
Revenue (last 12 months) $769m $859m +11.7%
Net margin 20.1% 20.6% +2.7%
P/E multiple 13.5x 10.8x −20.1%
Share count 67m 65m +4.0%

Biggest factor: p/e multiple.

Last 3 years +80.1%

$16.47 on November 3, 2023 to $29.66

ThenNowEffect
Revenue (last 12 months) $727m $859m +18.1%
Net margin 17.5% 20.6% +17.9%
P/E multiple 8.9x 10.8x +21.7%
Share count 69m 65m +6.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
PRDO−7%+18%+28%+54%+13%+3%
Industry peers (median)−20%−10%+23%+14%−3%−9%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
PRDO42%42%58%50%42%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
PRDO−29%−27%−25%−18%−27%−22%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 3, 2015: 64% from August 21, 2019 to March 18, 2020. Getting back needed a 180% gain, reached on May 2, 2024, 1506 days after the low.

Price behaviour

52-week range
$26.88 – $37.58
From 52-week high
−21.1%
vs 50-day average
−8.9%
vs 200-day average
−10.5%
Volatility (1 year)
34%
Beta vs S&P 500
0.06

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±7.7%
After a week
8 up, 4 down
typical move ±8.8%
After a month
8 up, 4 down
typical move ±10.8%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +2.5% +0.5% −3.5% +1.0%
May 7, 2026 +5.7% +0.5% +2.7% +0.4%
February 19, 2026 +2.8% +0.5% +4.3% +8.7%
November 4, 2025 −1.6% −0.8% +2.1% −7.2%
July 31, 2025 +3.7% −2.0% +7.7% +14.3%
May 1, 2025 +22.7% +2.2% +19.9% +36.3%
February 18, 2025 −4.7% +0.5% −10.4% −12.4%
November 12, 2024 +9.9% −0.3% +3.8% +7.9%
July 31, 2024 −2.6% +0.2% −12.8% −10.9%
May 1, 2024 +31.7% +0.6% +30.6% +23.5%
February 21, 2024 −0.7% +2.2% +2.6% +5.0%
November 2, 2023 −3.6% +2.8% −5.6% −2.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Perdoceo Education Corp’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: model/market divergence under review.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Perdoceo Education Corp in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Perdoceo Education Corp
$600M $700M $800M $900M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $738.2M Revenue (TTM), FY23 Q4: $710M Revenue (TTM), FY24 Q1: $682.7M Revenue (TTM), FY24 Q2: $662.8M Revenue (TTM), FY24 Q3: $652.8M Revenue (TTM), FY24 Q4: $681.3M Revenue (TTM), FY25 Q1: $726M Revenue (TTM), FY25 Q2: $768.8M Revenue (TTM), FY25 Q3: $810.9M Revenue (TTM), FY25 Q4: $846.1M Revenue (TTM), FY26 Q1: $854.8M Revenue (TTM), FY26 Q2: $858.6M $858.6M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $738.2M
FY23 Q4 $710M
FY24 Q1 $682.7M
FY24 Q2 $662.8M
FY24 Q3 $652.8M
FY24 Q4 $681.3M
FY25 Q1 $726M
FY25 Q2 $768.8M
FY25 Q3 $810.9M
FY25 Q4 $846.1M
FY26 Q1 $854.8M
FY26 Q2 $858.6M
Revenue growth, TTM YoY Perdoceo Education Corp
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 8.7% Revenue growth, TTM YoY, FY23 Q4: 2.1% Revenue growth, TTM YoY, FY24 Q1: -3.6% Revenue growth, TTM YoY, FY24 Q2: -8.8% Revenue growth, TTM YoY, FY24 Q3: -11.6% Revenue growth, TTM YoY, FY24 Q4: -4.0% Revenue growth, TTM YoY, FY25 Q1: 6.3% Revenue growth, TTM YoY, FY25 Q2: 16.0% Revenue growth, TTM YoY, FY25 Q3: 24.2% Revenue growth, TTM YoY, FY25 Q4: 24.2% Revenue growth, TTM YoY, FY26 Q1: 17.7% Revenue growth, TTM YoY, FY26 Q2: 11.7% 11.7%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 8.7%
FY23 Q4 2.1%
FY24 Q1 -3.6%
FY24 Q2 -8.8%
FY24 Q3 -11.6%
FY24 Q4 -4.0%
FY25 Q1 6.3%
FY25 Q2 16.0%
FY25 Q3 24.2%
FY25 Q4 24.2%
FY26 Q1 17.7%
FY26 Q2 11.7%
Operating margin (TTM) Perdoceo Education Corp
20% 22% 24% 26% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 21.3% Operating margin (TTM), FY23 Q4: 21.2% Operating margin (TTM), FY24 Q1: 22.5% Operating margin (TTM), FY24 Q2: 22.8% Operating margin (TTM), FY24 Q3: 23.4% Operating margin (TTM), FY24 Q4: 25.6% Operating margin (TTM), FY25 Q1: 24.8% Operating margin (TTM), FY25 Q2: 24.1% Operating margin (TTM), FY25 Q3: 23.6% Operating margin (TTM), FY25 Q4: 23.2% Operating margin (TTM), FY26 Q1: 24.3% Operating margin (TTM), FY26 Q2: 24.6% 24.6%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 21.3%
FY23 Q4 21.2%
FY24 Q1 22.5%
FY24 Q2 22.8%
FY24 Q3 23.4%
FY24 Q4 25.6%
FY25 Q1 24.8%
FY25 Q2 24.1%
FY25 Q3 23.6%
FY25 Q4 23.2%
FY26 Q1 24.3%
FY26 Q2 24.6%
FCF margin (TTM) Perdoceo Education Corp
10% 15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 17.8% FCF margin (TTM), FY23 Q4: 14.9% FCF margin (TTM), FY24 Q1: 22.9% FCF margin (TTM), FY24 Q2: 20.2% FCF margin (TTM), FY24 Q3: 23.4% FCF margin (TTM), FY24 Q4: 23.0% FCF margin (TTM), FY25 Q1: 23.0% FCF margin (TTM), FY25 Q2: 26.7% FCF margin (TTM), FY25 Q3: 24.0% FCF margin (TTM), FY25 Q4: 25.6% FCF margin (TTM), FY26 Q1: 25.8% FCF margin (TTM), FY26 Q2: 25.4% 25.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 17.8%
FY23 Q4 14.9%
FY24 Q1 22.9%
FY24 Q2 20.2%
FY24 Q3 23.4%
FY24 Q4 23.0%
FY25 Q1 23.0%
FY25 Q2 26.7%
FY25 Q3 24.0%
FY25 Q4 25.6%
FY26 Q1 25.8%
FY26 Q2 25.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Perdoceo Education took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $846M
  2. Other income $20.8M · 2.5%
  3. Selling, general and admin $411M · 48.6%
  4. Other operating costs $239M · 28.3%
  5. Operating income $196M · 23.2%
  6. Income tax $56.9M · 6.7%
  7. Net income $160M · 18.9%

Shares of revenue. Source: Perdoceo Education's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained. Other income is income outside operations, such as investment gains.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1,802 2,070 1,706 1,020 1,017 914 847 704 596 581 628 687 693 695 710 681 846 859
EBITDA 293 314 97 12 −89 −84 −67 −10 48 81 96 158 166 149 167 189 238 249
Operating income 225 242 11 −70 −162 −139 −92 −32 34 71 86 143 149 130 150 174 196 211
Net income 81 158 19 −143 −164 −178 52 −19 −32 55 70 124 110 96 148 148 160 177
Diluted EPS $0.94 $1.95 $0.25 −$2.15 −$2.46 −$2.65 $0.76 −$0.27 −$0.46 $0.77 $0.97 $1.74 $1.55 $1.39 $2.18 $2.19 $2.42 $2.74
Growth (year on year)
Revenue +9.2% +14.8% −17.6% −40.2% −0.3% −10.2% −7.3% −16.9% −15.3% −2.5% +8.0% +9.5% +0.8% +0.3% +2.1% −4.0% +24.2% +11.7%
EBITDA +52.1% +7.2% −69.2% −87.4% — — — — — +67.7% +18.5% +65.0% +5.1% −9.9% +12.0% +12.9% +25.8% +15.6%
Operating income +96.1% +7.6% −95.4% — — — — — — +108.9% +21.3% +65.3% +4.3% −13.0% +16.1% +15.8% +12.5% +13.9%
Net income +35.0% +94.3% −88.2% — — — — −136.1% — — +26.8% +77.6% −11.8% −12.6% +54.0% −0.0% +8.4% +14.7%
Diluted EPS +40.3% +107.4% −87.2% — — — — −135.5% — — +26.0% +79.4% −10.9% −10.3% +56.8% +0.5% +10.5% +19.3%
Margins
EBITDA margin 16.2% 15.2% 5.7% 1.2% −8.7% −9.2% −7.9% −1.4% 8.1% 13.9% 15.2% 22.9% 23.9% 21.5% 23.6% 27.7% 28.1% 29.0%
Operating margin 12.5% 11.7% 0.7% −6.8% −15.9% −15.2% −10.9% −4.6% 5.7% 12.3% 13.8% 20.8% 21.5% 18.6% 21.2% 25.6% 23.2% 24.6%
Net margin 4.5% 7.6% 1.1% −14.0% −16.1% −19.5% 6.1% −2.7% −5.3% 9.5% 11.1% 18.1% 15.8% 13.8% 20.8% 21.7% 18.9% 20.6%
Free-cash-flow margin 11.9% 7.0% 8.9% −5.4% −10.4% −14.4% −3.9% 0.3% −4.7% 8.6% 10.8% 24.8% 26.1% 19.5% 14.9% 23.0% 25.6% 25.4%
Cash flow
Cash from operations 288 272 230 −17 −86 −119 −21 6 −22 57 73 180 191 148 112 162 225 225
Capital spending 74 127 78 38 20 13 12 4 6 7 5 10 10 13 6 5 9 7
Free cash flow 214 145 152 −55 −105 −132 −33 2 −28 50 68 170 181 136 106 157 217 218
Stock-based pay 17 17 15 10 7 4 3 3 5 6 9 13 15 9 8 10 12 13
Free cash flow after stock pay 198 128 137 −64 −112 −136 −36 −1 −33 45 59 157 166 127 98 147 205 205
Balance sheet
Cash 258 173 126 112 318 94 67 50 18 32 109 106 320 109 118 109 111 163
Total debt 3 2 — 80 — 10 38 0 0 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −255 −171 −126 −32 −318 −84 −29 −50 −18 −32 −109 −106 −320 −109 −118 −109 −111 −163
Diluted shares 86m 81m 74m 66m 67m 67m 68m 68m 69m 71m 72m 71m 71m 69m 68m 67m 66m 65m
Returned to shareholders
Dividends — — — — — — — — — — — — — — 14 — — —
Buybacks 201 155 150 56 — — — — — — 4 18 25 23 8 7 121 90
Total returned 201 155 150 56 — — — — — — 4 18 25 23 23 7 121 90

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $1.3bn
Short-term assets $803mLonger-term assets $532m
What it owes, and who funded it · $1.2bn
Short-term liabilities $171mShareholders' equity $1.0bn
  • Short-term assets cover short-term liabilities $803m of assets due within a year against $171m of liabilities due within a year.
  • Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $211m against $6m of interest.

From Perdoceo Education Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$89.7M
Returned to shareholders
41%
of free cash flow
Buybacks, last 3 fiscal years
$136M
Diluted share count
−3.8%
year over year
Total shareholder yield
4.8%
dividends 0.0% + buybacks 4.8% of market value

Competitors: side by side with peers

Closest by revenue in education services
Last 12 months unless stated PRDO UTI AFYA LOPE STRA LINC Median
Revenue, last 12 months $859m $884m $662m $1.1bn $1.3bn $571m $266m
Revenue growth, last 12 months 11.7% 9.1% 7.5% 7.0% 3.5% 22.0% 7.5%
Revenue growth, 3-year average 5.7% 17.3% — 7.2% 6.1% 16.7% 10.3%
Revenue growth, latest quarter 1.8% 7.2% — 6.7% 4.9% 22.4% 5.8%
Gross margin — — 64.5% — — 59.8% 54.6%
Operating margin 24.6% 5.0% 32.8% 24.5% 14.0% 5.9% 5.0%
Operating margin, 3-year average 23.8% 7.2% 27.1% 26.0% 13.5% 4.4% 5.9%
Net margin 20.6% 3.9% 20.4% 19.6% 10.5% 4.0% 3.9%
Cash from operations / revenue 26.2% 8.4% 41.4% 24.4% 16.8% 16.5% 8.4%
Free-cash-flow margin 25.4% −2.6% 36.9% 21.2% 13.1% 4.3% 5.8%
Free-cash-flow margin, 3-year average 24.1% 4.5% 25.7% 22.7% 11.6% −5.8% 5.4%
Stock pay / revenue 1.5% 1.4% 0.4% 1.2% 1.7% 1.1% 1.4%
Change in share count −3.8% 0.3% 0.1% −5.3% −6.2% 15.0% 0.7%

Median of all 25 companies we cover in education services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

25 education services companies
Measure Company Peer median Rank
Revenue growth Growth 11.7% 7.5% 9 of 25
Change in growth rate Growth -6.1pp -0.5pp 19 of 25
Operating margin Profitability 24.6% 5.0% 3 of 25
Net margin Profitability 20.6% 3.9% 1 of 25
Free-cash-flow margin Cash generation 25.4% 5.8% 3 of 25
Stock pay as % of revenue Cash generation 1.5% 1.4% 12 of 21
Change in share count Balance sheet -3.8% 0.7% 7 of 24

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Tuition and Fees Net $841M 99.4% ▲ 24.5%
Other $4.7M 0.6% ▼ 9.6%

From Perdoceo Education Corp's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$2B
Institutions reporting
339
Shares held vs prior quarter
▲ 1.8%
Positions opened / closed
44 / 28

Top buyers and sellers, Q2 2026: 166 institutions bought and 143 sold ; the biggest buyer was American Century Companies Inc (+489K shares) and the biggest seller Goldman Sachs Group Inc (−600K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $294M 9.2M 14.6% ▲ 0.1%
Dimensional Fund Advisors LP $129M 4.0M 6.4% ▲ 2.9%
Renaissance Technologies LLC $106M 3.3M 5.2% ▼ 5.8%
First Trust Advisors LP $101M 3.1M 5.0% ▲ 5.8%
Vanguard Capital Management LLC $87.4M 2.7M 4.3% ▲ 1.8%
State Street Corp $80.2M 2.5M 4.0% ▲ 4.1%
American Century Companies Inc $76.6M 2.4M 3.8% ▲ 25.7%
LSV Asset Management $70.4M 2.2M 3.5% ▲ 28.6%
Geode Capital Management, LLC $67.7M 2.1M 3.4% ▲ 6.4%
Copeland Capital Management, LLC $56.6M 1.8M 2.8% ▼ 4.5%
Vanguard Portfolio Management LLC $55.3M 1.7M 2.7% ▲ 16.5%
Frontier Capital Management Co LLC $49.5M 1.5M 2.5% ▼ 16.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Perdoceo Education Corp's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $16.2M 21 trades by 10 insiders · 78% under pre-set plans
Net ▼ $16.2M net selling
Insider Date Trade Shares Price Value
Nelson Todd S President and CEO September 15, 2026 Sell pre-set plan 46,199 $32.89 $1.5M
Jackson Gregory L. Director August 11, 2026 Sell 11,271 $31.78 $358,192
Gonzales Kenda B Director June 4, 2026 Sell 9,308 $34.79 $323,825
Peppers Michele A Principal Accounting Officer May 13, 2026 Sell 14,000 $34.50 $483,000
Gross Patrick W Director May 12, 2026 Sell 3,647 $34.98 $127,572
Leeman Julia A. SVP - Campus Operations May 12, 2026 Sell 11,315 $35.51 $401,796
Jansen Greg E. SVP, General Counsel April 6, 2026 Sell pre-set plan 30,158 $38.00 $1.1M
Ghia Ashish R CFO March 25, 2026 Sell pre-set plan 11,089 $37.00 $410,293
Nelson Todd S President and CEO March 25, 2026 Sell pre-set plan 4,387 $36.65 $160,784
Nelson Todd S President and CEO March 24, 2026 Sell pre-set plan 40,000 $36.48 $1.5M
Nelson Todd S President and CEO March 23, 2026 Sell pre-set plan 40,000 $35.24 $1.4M
Ghia Ashish R CFO March 18, 2026 Sell pre-set plan 22,181 $35.09 $778,331

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • February 19, 2026
  • November 4, 2025
  • July 31, 2025
  • May 1, 2025

Recent SEC filings

Data status

When each part of this page on Perdoceo Education Corp was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Perdoceo Education Corp in brief

What does Perdoceo Education Corp do?
Perdoceo Education Corp is a US-listed company in the education services industry. Its financial year ends in December.
What is Perdoceo Education Corp's stock ticker?
Perdoceo Education Corp trades under the ticker PRDO on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Perdoceo Education Corp's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Perdoceo Education Corp reported revenue of $859M, 11.7% higher than a year earlier, according to its SEC filings.
What is Perdoceo Education Corp's free cash flow?
Perdoceo Education Corp's free-cash-flow margin is 25.4% of revenue over the trailing twelve months, ranking 3 of the 25 education services companies we cover.
What is Perdoceo Education Corp's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Perdoceo Education Corp's free cash flow after stock-based pay gives ~$86 per share in the base case, and ~$68–$110 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Perdoceo Education Corp's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and Renaissance Technologies LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Perdoceo Education Corp buying back stock, and does it pay a dividend?
Perdoceo Education Corp spent $89.7M on share repurchases over the trailing twelve months, and its diluted share count fell 3.8% over the year.
What is Perdoceo Education Corp's market cap?
On November 2, 2026, Perdoceo Education Corp's market capitalisation was about $1.9B, with a price-to-earnings ratio of 10.8 and net debt of -$163M. Market figures come from third-party market data and may be delayed.
Who are Perdoceo Education Corp's competitors?
In our Education Services peer group, the companies closest to Perdoceo Education Corp are Universal Technical Institute Inc, Afya Ltd, Grand Canyon Education, Inc., Strategic Education, Inc. and Lincoln Educational Services Corp. The side-by-side comparison below sets their revenue, margins and growth against Perdoceo Education Corp's.
Are insiders buying or selling Perdoceo Education Corp stock?
Over the last 12 months, Perdoceo Education Corp's directors and officers reported 0 open-market purchases and 21 sales on Form 4. The insider trading page charts every trade.
When is Perdoceo Education Corp's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Perdoceo Education Corp announces its own schedule.