Companies · PRDO
Perdoceo Education
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Latest analysis
Updated Aug 6, 2026
PRDO Q2 2026: Modest enrollment growth masks underlying headwinds; dividend raise signals confidence despite regulatory uncertainty.
Perdoceo grew total revenue 1.8% QoQ to $213.4 million on essentially flat enrollment (46,830 students, +0.7% YoY), with operating income rising 6.8% to $54.9 million but adjusted operating income growing only 4.4%, suggesting cost structure is not scaling. USAHS drove portfolio growth (+10.2% revenue), while AIUS declined 1.8% and CTU rose just 0.9%, signaling program-level divergence. Management raised the quarterly dividend 13.3% to $0.17/share and guided FY2026 operating income to $221.2-226.2 million—a 12.8% midpoint raise vs. prior-year actual $196.0 million—but the guidance hedges extensively on AI disruption, federal student-aid stability, and regulatory risk, indicating material uncertainty beneath the optimistic capital allocation.
Tone: mixedRevenue
$846.1M
PRDO 10-K · FY 2025
Employees
6,000
Revenue FY2024
$681.3M
Headquarters
Schaumburg, IL
Profile
PRDO 10-K Item 1 · Feb 19, 2026Perdoceo Education Corporation operates three accredited postsecondary institutions — Colorado Technical University (CTU), the American InterContinental University System (AIUS), and University of St. Augustine for Health Sciences (USAHS) — serving approximately 44,400 students primarily through fully online programs. The company targets non-traditional adult learners with career-focused degree programs ranging from associate through doctoral levels, differentiated by proprietary personalized learning technology and data analytics. A majority of its revenue derives from Title IV federal student aid programs, subjecting it to extensive and evolving regulatory oversight.
Read filing description ↓ Collapse description ↑
Perdoceo's accredited academic institutions offer a quality postsecondary education to a diverse student population, with fully online, campus-based and hybrid learning programs. The Company's academic institutions – Colorado Technical University ('CTU'), the American InterContinental University System ('AIUS' or 'AIU System') and University of St. Augustine for Health Sciences ('USAHS') – provide degree programs from the associate through doctoral level as well as non-degree seeking and professional development programs. Our academic institutions offer students industry-relevant and career-focused academic programs that are designed to meet the educational needs of today's busy adults. CTU and AIUS continue to show innovation in higher education, advancing personalized learning technologies like their intellipath® learning platform and using data analytics and technology to serve and educate students while enhancing overall learning and academic experiences. USAHS prepares medical professionals to provide quality medical care to communities across the country primarily through its graduate health sciences degree offerings in physical therapy, occupational therapy, speech language therapy and nursing, as well as continuing education programs. Perdoceo's academic institutions are committed to providing quality education that closes the gap between learners who seek to advance their careers and employers and communities needing a qualified workforce. We aim to establish our academic institutions as leading online postsecondary education providers for non-traditional students, including adult learners. Technology is a key enabler for us, and we are continuing to explore and utilize artificial intelligence within the student enrollment and academic life cycle to enhance student experiences.
Primary products
- Online degree programs (associate through doctoral)
- Campus-based and hybrid degree programs
- Non-degree professional development programs
- Online bootcamps and upskilling courses
- Graduate health sciences programs (physical therapy, occupational therapy, speech-language pathology, nursing)
- Continuing education programs
Business segments
End markets
Geographies
Named customers
“Although competition exists, for-profit institutions serve a segment of the postsecondary education market that we believe is not fully addressed by traditional public and private non-profit universities.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue increased from $681.3 million in 2024 to $846.1 million in 2025, driven by enrollment growth across all three institutions including the full-year contribution of the USAHS acquisition.
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