Financial Performance - Revenue for Q2 2025 reached $116.5 million, an increase of 13.2% compared to Q2 2024, with a 15.1% increase in campus operations revenue [7][10] - Adjusted EBITDA for the quarter was $10.5 million, reflecting a significant increase of 68.4% year-over-year [7][14] - Net income for Q2 2025 was $1.6 million, a turnaround from a net loss of $0.7 million in the previous year [7][14] Student Metrics - Student starts increased by 19.5% overall, or 21.8% when excluding the Transitional segment [7][14] - The quarter-end student population rose by 18.2%, or 20.6% excluding the Transitional segment [7][14] Campus Development - The company completed the relocation of its Nashville campus and the transfer of the Philadelphia automotive campus to Levittown, with new programs set to launch [6][8] - The East Point campus and the relocated Nashville campus are outperforming expectations, contributing to growth [6][8] - Future campus openings are planned, including a new campus in Hicksville, New York, expected to open in Q4 2026 [6][8] Growth Strategy - The growth is attributed to rising demand for career-focused training, effective execution of the growth strategy, and improvements in marketing efficiency [5][9] - The company is exploring opportunities for new campuses in additional markets to meet the growing demand for high-value programs [6][9] Guidance Update - Based on strong performance in the first half of 2025, the company has raised its full-year guidance for revenue to between $490 million and $500 million, and adjusted EBITDA to between $60 million and $65 million [15][16] - The updated guidance reflects an increase in expected student starts to between 12% and 15% for the year [15][16]