UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission File Number: 0-23245 PERDOCEO EDUCATION CORPORATION (Exact name of registrant as specified in its charter) Delaware 36-3932190 (State or other j ...

Financial Performance - Operating income increased by 11.8% to $51.7 million, while adjusted operating income rose by 28.9% to $63.5 million[4] - Revenue for the quarter ended March 31, 2025, was $213.0 million, reflecting a 26.6% increase from $168.3 million in the prior year quarter[5] - Net income for Q1 2025 was $43.688 million, representing a 10.7% increase compared to $39.442 million in Q1 2024[30] - Total revenue for Q1 2025 was $213.004 million, a 26.6% increase from $168.264 million in Q1 2024[29] - Adjusted Operating Income for Q1 2025 was $63.534 million, up from $49.294 million in Q1 2024, representing a 29% increase[36] - Reported Earnings Per Diluted Share for Q1 2025 was $0.70, compared to $0.60 in Q1 2024, reflecting a 16.67% increase[38] - The full-year 2025 outlook for Adjusted Operating Income is between $220.0 million and $235.0 million, compared to $188.898 million in 2024, indicating a potential growth of 16.5% to 24.5%[36] - Reported Earnings Per Diluted Share for the full year 2025 is projected to be between $2.40 and $2.56, compared to $2.26 in 2024, suggesting a growth of 6.2% to 13.3%[38] Student Enrollment - Total student enrollments increased by 16.7% to 48,200 as of March 31, 2025, compared to 41,300 in the prior year[7] Cash Flow and Liquidity - Net cash provided by operating activities was $65.1 million, a 19.5% increase from $54.5 million in the prior year[19] - Cash and cash equivalents, including restricted cash and short-term investments, totaled $612.176 million as of March 31, 2025, compared to $591.548 million at the end of 2024[27] - As of March 31, 2025, the company had $612.2 million in cash, cash equivalents, restricted cash, and available-for-sale short-term investments[19] Operating Expenses and Capital Expenditures - Operating expenses increased to $161.277 million in Q1 2025, up from $121.986 million in Q1 2024, primarily due to higher educational services and facilities costs[29] - Capital expenditures for the quarter were $1.7 million, a 45.0% increase from $1.2 million in the prior year[17] - Depreciation and amortization for Q1 2025 was $11.807 million, significantly higher than $3.016 million in Q1 2024, indicating increased capital expenditures[36] Acquisitions - The company completed the acquisition of the University of St. Augustine for Health Sciences (USAHS) on December 2, 2024, contributing to revenue growth[6] - Perdoceo completed the acquisition of USAHS on December 2, 2024, contributing to the revenue growth in Q1 2025[34] Future Outlook - The company expects operating income for the second quarter of 2025 to be between $48.8 million and $50.8 million, and adjusted operating income to be between $59.0 million and $61.0 million[21] - Operating income for Q2 2025 is expected to be between $48.8 million and $50.8 million, compared to $46.006 million in Q2 2024, indicating a growth of 6% to 6.1%[36] - The outlook for Q2 2025 projects Adjusted Operating Income between $59.0 million and $61.0 million, compared to $49.075 million in Q2 2024[36] Dividends - The board declared a quarterly dividend of $0.13 per share, payable on June 13, 2025[16] Non-GAAP Financial Measures - The company emphasizes the importance of non-GAAP financial measures to analyze core performance, which excludes certain non-cash items[40] Share Information - The company reported a weighted average diluted shares outstanding of 66,872 for Q1 2025, compared to 66,841 in Q1 2024[29] Operating Margin - The operating margin for Q1 2025 was 24.3%, down from 27.5% in Q1 2024[34] Adjustments - The company reported a total pre-tax adjustment of $0.06 for Q1 2025, up from $0.02 in Q1 2024, highlighting an increase in amortization for acquired intangible assets[38] - The total adjustments after tax for Q1 2025 were $0.05, compared to $0.01 in Q1 2024, reflecting a significant increase in adjusted earnings[38]

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional va ...

Perdoceo Education (PRDO) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors ...

Investors looking for stocks in the Schools sector might want to consider either Perdoceo Education (PRDO) or Lincoln Educational Services Corporation (LINC) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and ...

Financial Data and Key Metrics Changes - The company reported fourth quarter net income of $31.5 million, or $0.47 per diluted share, while adjusted earnings per diluted share was $0.50 [18] - Full-year net income was $147.6 million, or $2.19 per diluted share, compared to $147.7 million, or $2.18 per diluted share in the prior year [26] - Adjusted earnings per diluted share increased to $2.29 from $2.10 in the prior year [26] - Full-year operating income rose to $174.3 million, an increase of $23.8 million compared to the prior year [26] Business Line Data and Key Metrics Changes - At CTU, total student enrollments increased by 8.1% compared to the prior year-end [19] - At AIU System, total student enrollments increased by 11.8% as it reverted to normalized operations [19] - Full-year revenue at CTU decreased by 2.6% to $456.9 million, but fourth quarter revenue increased by 9.7% to $114.8 million [33][34] - AIU System's full-year revenue decreased by 11.1% to $213.5 million, while fourth quarter revenue increased by 19.1% to $51.4 million [35] Market Data and Key Metrics Changes - The company experienced total student enrollment growth through 2024, supported by federal student aid initiatives [11] - The acquisition of the University of St. Augustine for Health Sciences is expected to diversify and expand academic offerings in the health sciences field [17] Company Strategy and Development Direction - The company focuses on enhancing student retention and engagement while making selective investments in technology and data analytics [12] - The acquisition of St. Augustine is expected to be accretive to operating income in 2025 and provide further growth in 2026 [17] - The company aims to maintain a balanced capital allocation strategy, prioritizing investments in organic projects and returning capital to shareholders [46] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2025, expecting total revenue and enrollments to increase compared to 2024 [32] - The company anticipates that high levels of student retention and engagement will continue, offsetting headwinds from changes in federal student loan initiatives [51] - The effective tax rate for 2025 is expected to be between 25.5% and 26.5% [41] Other Important Information - The company returned approximately $38.5 million to shareholders through dividends and stock buybacks during 2024 [15] - Cash flow from operations for the full year was $161.6 million, an increase from $112 million in the prior year [42] - The company ended the year with $591.5 million in cash and equivalents, excluding the St. Augustine purchase [43] Q&A Session Summary Question: What are the expectations for 2025 in terms of revenue and enrollments? - The company expects total revenue and enrollments to increase in 2025, driven by strong prospective student interest and sustained improvements in retention and engagement [32] Question: How will the acquisition of St. Augustine impact financial performance? - The acquisition is expected to be accretive to operating income in 2025 and contribute positively to cash flow from operations [17][45] Question: What is the outlook for adjusted earnings per diluted share in 2025? - Adjusted earnings per diluted share is expected to range between $2.31 and $2.51, reflecting the impact of incremental expenses related to the acquisition [50]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 0-23245 PERDOCEO EDUCATION CORPORATION (Exact name of Registrant as specified in its charter) | Delaware | 36-3932190 | | --- | --- | | ( ...

PRDO ANNOUNCES 4Q24 RESULTS …PG 1 *See GAAP (U.S. generally accepted accounting principles) to non-GAAP reconciliation attached to this press release "Quarterly operating performance at CTU and AIUS was ahead of our expectations, and we ended the year on a strong note as it relates to prospective student interest, student retention and student engagement. This broad momentum sets us up well for 2025 while our faculty and student support teams continue to prioritize enhancing student experiences, retention a ...

I've been managing my own as well as family members' portfolios for several years now. I love the investing process, getting to learn about a variety of new and interesting companies, learning about investing psychology, and all the myriad things that contribute to successful (and from time to time, not so successful) investing outcomes. A big component of my investing philosophy is to try to have my errors be largely skewed towards errors of omission rather than errors of commission, as the former are much ...

Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- ...