Perdoceo Education Corp income statement
In fiscal 2025, Perdoceo Education Corp reported revenue of $846m, up 24.2% on the year before, operating income of $196m (a 23.2% margin) and net income of $160m, or $2.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,802 | 2,070 | 1,706 | 1,020 | 1,017 | 914 | 847 | 704 | 596 | 581 | 628 | 687 | 693 | 695 | 710 | 681 | 846 | 859 |
| General and administrative | 917 | 1,071 | 882 | 630 | 734 | 640 | 564 | 478 | 405 | 391 | 430 | 417 | 419 | 426 | 398 | 367 | 411 | 413 |
| Operating income | 225 | 242 | 11 | −70 | −162 | −139 | −92 | −32 | 34 | 71 | 86 | 143 | 149 | 130 | 150 | 174 | 196 | 211 |
| Interest expense | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 1 | 6 | 6 |
| Income before tax | 226 | 243 | 14 | −69 | −169 | −139 | −94 | — | — | — | — | — | — | — | — | — | — | — |
| Income tax | 80 | 79 | 42 | −4 | 0 | 4 | −147 | −17 | 67 | 19 | 22 | 22 | 39 | 38 | 44 | 54 | 57 | 55 |
| 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 |
| Diluted shares (average) | 86m | 81m | 74m | 66m | 67m | 67m | 68m | 68m | 69m | 71m | 72m | 71m | 71m | 69m | 68m | 67m | 66m | 65m |
| EBITDA | 293 | 314 | 97 | 12 | −89 | −84 | −67 | −10 | 48 | 81 | 96 | 158 | 166 | 149 | 167 | 189 | 238 | 249 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 170 | 176 | 213 | 210 | 212 | 212 | 222 | 213 |
| General and administrative | 94 | 97 | 101 | 98 | 102 | 110 | 102 | 98 |
| Operating income | 45 | 37 | 52 | 51 | 51 | 42 | 63 | 55 |
| Interest expense | 0 | 0 | 2 | 2 | 2 | 2 | 2 | 1 |
| Income tax | 14 | 12 | 13 | 15 | 16 | 13 | 14 | 12 |
| Net income | 38 | 31 | 44 | 41 | 40 | 35 | 54 | 48 |
| Diluted EPS | $0.57 | $0.46 | $0.65 | $0.62 | $0.60 | $0.55 | $0.85 | $0.75 |
| EBITDA | 48 | 43 | 64 | 62 | 61 | 52 | 72 | 64 |
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