Adtalem Global Ed Inc (ATGE) Financials
Newest figures come from the 10-Q for Q3 FY2026, filed May 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ATGE SEC filings page.
Adtalem Global Ed Inc (ATGE) reported $1.9B in revenue over the twelve months to Mar 31, 2026, up 9.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Adtalem’s dominant mechanic is operating leverage: wider operating margins convert revenue growth into more cash while long-term debt declines.
By FY2025, operating cash flow was$337.9M and free cash flow was$287.6M , both well above FY2023 levels; their parallel rise indicates that improved earnings are converting into cash, while reinvestment remains a contained subtraction rather than the dominant use of operating inflow.
The profit improvement reflects more than revenue expansion: FY2025 operating margin reached
Long-term leverage fell from 0.8x debt-to-equity in FY2021 to 0.4x in FY2025, indicating a less debt-intensive capital structure. Meanwhile, current ratio fell from 3.7x to 0.8x, meaning the balance sheet became less debt-dependent but more tightly positioned for near-term liabilities.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Adtalem Global Ed Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Adtalem Global Ed Inc has an operating margin of 19.1%, meaning the company retains $19 of operating profit per $100 of revenue. This strong profitability earns a score of 74/100, reflecting efficient cost management and pricing power. This is up from 13.7% the prior year.
Adtalem Global Ed Inc's revenue grew 12.9% year-over-year to $1.8B, a solid pace of expansion. This earns a growth score of 67/100.
Adtalem Global Ed Inc has a moderate D/E ratio of 0.39. This balance of debt and equity financing earns a leverage score of 50/100.
Adtalem Global Ed Inc's current ratio of 0.82 is below the typical benchmark, resulting in a score of 12/100. This tight liquidity could limit financial flexibility if cash inflows slow.
Adtalem Global Ed Inc converts 16.1% of revenue into free cash flow ($287.6M). This strong cash generation earns a score of 78/100.
Adtalem Global Ed Inc earns a strong 16.5% return on equity (ROE), meaning it generates $17 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is up from 10.0% the prior year.
Adtalem Global Ed Inc scores 4.06, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Adtalem Global Ed Inc passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Adtalem Global Ed Inc generates $1.43 in operating cash flow ($337.9M OCF vs $237.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Adtalem Global Ed Inc earns $6.53 in operating income for every $1 of interest expense ($341.5M vs $52.3M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Adtalem Global Ed Inc generated $487.0M in revenue in Q3 2026. This represents an increase of 4.5% from the same quarter a year earlier. Against the prior quarter it is down 3.2%.
Adtalem Global Ed Inc's EBITDA was $105.5M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.9% from the same quarter a year earlier. Against the prior quarter it is down 15.5%.
Adtalem Global Ed Inc reported $41.6M in net income in Q3 2026. This represents a decrease of 31.6% from the same quarter a year earlier. Against the prior quarter it is down 45.5%.
Adtalem Global Ed Inc earned $1.20 per diluted share (EPS) in Q3 2026. This represents a decrease of 24.5% from the same quarter a year earlier. Against the prior quarter it is down 43.1%.
Cash & Balance Sheet
Adtalem Global Ed Inc generated $165.9M in free cash flow in Q3 2026, representing cash available after capex. This represents a decrease of 16.1% from the same quarter a year earlier. Against the prior quarter it is up 997.4%.
Adtalem Global Ed Inc held $147.0M in cash against $495.6M in long-term debt as of Q3 2026.
Not reported for Q3 2026.
Margins & Returns
Adtalem Global Ed Inc's gross margin was 56.7% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
Adtalem Global Ed Inc's operating margin was 18.8% in Q3 2026, reflecting core business profitability. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 3.3 percentage points.
Adtalem Global Ed Inc's net profit margin was 8.6% in Q3 2026, showing the share of revenue converted to profit. This is down 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.6 percentage points.
Adtalem Global Ed Inc's ROE was 3.0% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
Capital Allocation
Adtalem Global Ed Inc spent $67.5M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 6.7% from the same quarter a year earlier. Against the prior quarter it is down 59.0%.
Adtalem Global Ed Inc invested $20.2M in capex in Q3 2026, funding long-term assets and infrastructure. This represents an increase of 97.5% from the same quarter a year earlier. Against the prior quarter it is up 38.4%.
Not reported for Q3 2026.
ATGE Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $487.0M+4.5% | $503.4M+12.4% | $462.3M+10.8% | $457.1M+11.5% | $466.1M+12.9% | $447.7M+13.9% | $417.4M+13.2% | $409.9M+12.4% |
| Cost of Revenue | $210.7M+5.4% | $205.4M+10.1% | $200.8M+7.9% | $198.9M+9.0% | $199.9M+14.0% | $186.6M+8.5% | $186.0M+10.3% | $182.5M+11.5% |
| Gross Profit | $276.3M+3.8% | $298.0M+14.1% | $261.5M+13.0% | $258.2M+13.6% | $266.2M+12.2% | $261.1M+18.0% | $231.4M+15.6% | $227.4M+13.2% |
| SG&A Expenses | $184.1M+5.1% | $182.8M+16.5% | $175.7M+10.5% | $180.9M+17.0% | $175.2M+11.8% | $156.9M+0.8% | $159.1M-4.2% | $154.6M+0.8% |
| Operating Income | $91.3M+0.9% | $111.1M+7.0% | $85.5M+21.7% | $76.9M+12.3% | $90.5M+46.6% | $103.9M+77.2% | $70.2M+149.1% | $68.5M+73.2% |
| EBITDA | $105.5M+1.9% | $124.9M+6.9% | $98.6M+19.0% | $90.2M+5.2% | $103.6M+28.7% | $116.9M+49.8% | $82.8M+71.8% | $85.7M+39.0% |
| Interest Expense | $13.6M+4.2% | $10.9M-21.5% | $11.1M-23.4% | $10.9M-26.4% | $13.1M-21.1% | $13.9M-16.7% | $14.5M-7.5% | $14.7M-3.6% |
| Income Tax | $20.0M+7.7% | $25.7M+22.4% | $15.8M+30.1% | $14.1M+178.6% | $18.5M+75.0% | $21.0M+170.6% | $12.2M+335.4% | $5.1M+15.8% |
| Net Income | $41.6M-31.6% | $76.4M+0.7% | $61.8M+33.9% | $54.2M+9.7% | $60.8M+65.2% | $75.9M+90.2% | $46.2M+333.6% | $49.4M+122.2% |
| EPS (Basic) | $1.21-26.2% | $2.14+5.4% | $1.71+40.2% | N/A | $1.64+72.6% | $2.03+103.0% | $1.22+369.2% | N/A |
| EPS (Diluted) | $1.20-24.5% | $2.11+6.6% | $1.67+41.5% | N/A | $1.59+71.0% | $1.98+102.0% | $1.18+372.0% | N/A |
| Diluted Shares (Avg) | 35M-9.0% | 36M-5.7% | 37M-5.2% | N/A | 38M-3.5% | 38M-5.8% | 39M-7.3% | N/A |
Not reported in any period shown, so not listed: R&D Expenses.
ATGE Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.7B-1.9% | $2.6B-4.0% | $2.9B+1.8% | $2.8B+0.4% | $2.8B+2.8% | $2.7B+0.8% | $2.8B+0.8% | $2.7B-2.5% |
| Current Assets | $403.8M-10.3% | $303.0M-25.6% | $567.2M+9.7% | $416.2M-0.5% | $450.3M+14.9% | $407.1M+6.8% | $516.9M+8.8% | $418.1M-13.0% |
| Cash & Equivalents | $147.0M-32.9% | $56.3M-71.0% | $264.7M0.0% | $199.6M-9.0% | $219.0M+21.8% | $194.0M+6.0% | $264.8M+1.5% | $219.3M-19.4% |
| Accounts Receivable | $173.3M+8.0% | $160.2M+10.9% | $192.1M+13.7% | $143.4M+15.6% | $160.4M+16.0% | $144.4M+10.1% | $168.9M+16.4% | $124.1M+23.9% |
| Goodwill | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% | $961.3M0.0% |
| Total Liabilities | $1.4B+1.2% | $1.2B-3.7% | $1.4B-1.3% | $1.3B-3.9% | $1.4B-2.7% | $1.3B-3.6% | $1.4B+0.9% | $1.4B+1.4% |
| Current Liabilities | $580.4M+7.4% | $442.9M+15.2% | $576.6M+4.6% | $507.9M+4.2% | $540.6M+6.2% | $384.6M-3.5% | $551.3M+11.2% | $487.7M+13.1% |
| Non-Current Liabilities | $792.9M-2.9% | $793.0M-11.8% | $833.2M-4.9% | $810.8M-8.3% | $816.5M-7.7% | $899.5M-3.6% | $876.4M-4.7% | $884.6M-4.1% |
| Long-Term Debt | $495.6M-10.2% | $504.3M-22.4% | $553.2M-14.8% | $552.7M-14.8% | $552.2M-14.8% | $649.9M-6.7% | $649.3M-6.7% | $648.7M-6.7% |
| Total Equity | $1.4B-4.8% | $1.4B-4.2% | $1.5B+4.9% | $1.4B+4.7% | $1.4B+8.5% | $1.4B+5.1% | $1.4B+0.8% | $1.4B-6.1% |
| Retained Earnings | $3.0B+8.6% | $2.9B+9.5% | $2.8B+9.8% | $2.8B+9.3% | $2.7B+9.3% | $2.7B+8.5% | $2.6B+7.1% | $2.5B+5.7% |
Not reported in any period shown, so not listed: Short-Term Investments, Inventory, Long-Term Investments.
ATGE Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $186.2M-10.5% | $29.7M+256.4% | $130.5M+46.2% | $59.7M-1.0% | $207.9M+35.3% | -$19.0M-44.0% | $89.3M-6.1% | $60.3M+27.3% |
| Depreciation & Amortization | $14.2M+8.4% | $13.8M+5.9% | $13.1M+3.9% | $13.2M-22.8% | $13.1M-30.4% | $13.0M-32.9% | $12.6M-37.0% | $17.1M-22.3% |
| Stock-Based Compensation | $31.1M | N/A | $8.3M-12.3% | N/A | N/A | N/A | $9.5M+26.8% | N/A |
| Capital Expenditures | $20.2M+97.5% | $14.6M+36.9% | $16.0M+53.9% | $19.0M+14.6% | $10.2M-19.4% | $10.7M+16.4% | $10.4M-0.2% | $16.6M+40.2% |
| Free Cash Flow | $165.9M-16.1% | $15.1M+150.9% | $114.5M+45.1% | $40.7M-6.8% | $197.7M+40.3% | -$29.7M-32.7% | $78.9M-6.8% | $43.7M+22.9% |
| Investing Cash Flow | -$20.2M-101.4% | -$19.6M-83.7% | -$16.0M-68.0% | -$11.7M+25.6% | -$10.0M+20.9% | -$10.7M-16.7% | -$9.5M+7.7% | -$15.7M-32.5% |
| Financing Cash Flow | -$75.7M+56.0% | -$217.7M-421.3% | -$49.5M-45.1% | -$68.1M-534.3% | -$172.1M-23.2% | -$41.8M+25.4% | -$34.1M+64.2% | -$10.7M+86.2% |
| Share Buybacks | $67.5M-6.7% | $164.8M+303.1% | $7.6M-77.1% | $66.7M+479.8% | $72.4M-19.5% | $40.9M-41.7% | $33.2M-63.3% | $11.5M-85.3% |
Not reported in any period shown, so not listed: Dividends Paid.
ATGE Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 56.7%-0.4pp | 59.2%+0.9pp | 56.6%+1.1pp | 56.5%+1.0pp | 57.1%-0.4pp | 58.3%+2.1pp | 55.4%+1.2pp | 55.5%+0.4pp |
| Operating Margin | 18.8%-0.7pp | 22.1%-1.1pp | 18.5%+1.7pp | 16.8%+0.1pp | 19.4%+4.5pp | 23.2%+8.3pp | 16.8%+9.2pp | 16.7%+5.9pp |
| Net Margin | 8.6%-4.5pp | 15.2%-1.8pp | 13.4%+2.3pp | 11.9%-0.2pp | 13.1%+4.1pp | 16.9%+6.8pp | 11.1%+8.2pp | 12.1%+6.0pp |
| Return on Equity | 3.0%-1.2pp | 5.5%+0.3pp | 4.2%+0.9pp | 3.8%+0.2pp | 4.3%+1.5pp | 5.3%+2.4pp | 3.3%+2.6pp | 3.6%+2.1pp |
| Return on Assets | 1.5%-0.7pp | 2.9%+0.1pp | 2.2%+0.5pp | 2.0%+0.2pp | 2.2%+0.8pp | 2.8%+1.3pp | 1.6%+1.3pp | 1.8%+1.0pp |
| Current Ratio | 0.70-0.1x | 0.68-0.4x | 0.980.0x | 0.820.0x | 0.83+0.1x | 1.06+0.1x | 0.940.0x | 0.86-0.3x |
| Debt-to-Equity | 0.360.0x | 0.37-0.1x | 0.38-0.1x | 0.39-0.1x | 0.39-0.1x | 0.45-0.1x | 0.470.0x | 0.470.0x |
| Asset Turnover | 0.180.0x | 0.190.0x | 0.160.0x | 0.170.0x | 0.170.0x | 0.160.0x | 0.150.0x | 0.150.0x |
| FCF Margin | 34.1%-8.3pp | 3.0%+9.6pp | 24.8%+5.9pp | 8.9%-1.8pp | 42.4%+8.3pp | -6.6%-0.9pp | 18.9%-4.1pp | 10.7%+0.9pp |
Note: The current ratio is below 1.0 (0.82), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Adtalem Global Ed Inc ATGE | FY2025 | $1.8B | $237.1M | 13.3% | $3.6B | 58/100 |
| Graham Holdings GHC | FY2025 | $4.9B | $292.3M | 5.9% | $4.8B | 48/100 |
| Laureate Education Inc LAUR | FY2025 | $1.7B | $281.6M | 16.6% | $5.0B | 63/100 |
| Grand Canyon Ed Inc LOPE | FY2025 | $1.1B | $216K | 0.0% | $3.9B | 81/100 |
| Tal Education Group TAL | FY2026 | $3.0B | $530.8M | 17.6% | $6.6B | 60/100 |
| Stride Inc LRN | FY2026 | $2.5B | $338.2M | 13.4% | $3.4B | 83/100 |
Where Adtalem Global Ed Inc Ranks
Frequently Asked Questions
What is Adtalem Global Ed Inc's annual revenue?
Adtalem Global Ed Inc (ATGE) reported $1.8B in total revenue for fiscal year 2025. This represents a 12.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Adtalem Global Ed Inc's revenue growing?
Adtalem Global Ed Inc (ATGE) revenue grew by 12.9% year-over-year, from $1.6B to $1.8B in fiscal year 2025.
Is Adtalem Global Ed Inc profitable?
Yes, Adtalem Global Ed Inc (ATGE) reported a net income of $237.1M in fiscal year 2025, with a net profit margin of 13.3%.
What is Adtalem Global Ed Inc's EBITDA?
Adtalem Global Ed Inc (ATGE) had EBITDA of $393.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Adtalem Global Ed Inc have?
As of fiscal year 2025, Adtalem Global Ed Inc (ATGE) had $199.6M in cash and equivalents against $552.7M in long-term debt.
What is Adtalem Global Ed Inc's gross margin?
Adtalem Global Ed Inc (ATGE) had a gross margin of 56.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Adtalem Global Ed Inc's operating margin?
Adtalem Global Ed Inc (ATGE) had an operating margin of 19.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Adtalem Global Ed Inc's net profit margin?
Adtalem Global Ed Inc (ATGE) had a net profit margin of 13.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Adtalem Global Ed Inc's return on equity (ROE)?
Adtalem Global Ed Inc (ATGE) has a return on equity of 16.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Adtalem Global Ed Inc's free cash flow?
Adtalem Global Ed Inc (ATGE) generated $287.6M in free cash flow during fiscal year 2025. This represents a 16.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Adtalem Global Ed Inc's operating cash flow?
Adtalem Global Ed Inc (ATGE) generated $337.9M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Adtalem Global Ed Inc's total assets?
Adtalem Global Ed Inc (ATGE) had $2.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Adtalem Global Ed Inc's capital expenditures?
Adtalem Global Ed Inc (ATGE) invested $50.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Adtalem Global Ed Inc's current ratio?
Adtalem Global Ed Inc (ATGE) had a current ratio of 0.82 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Adtalem Global Ed Inc's debt-to-equity ratio?
Adtalem Global Ed Inc (ATGE) had a debt-to-equity ratio of 0.39 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Adtalem Global Ed Inc's return on assets (ROA)?
Adtalem Global Ed Inc (ATGE) had a return on assets of 8.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Adtalem Global Ed Inc's Altman Z-Score?
Adtalem Global Ed Inc (ATGE) has an Altman Z-Score of 4.06, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Adtalem Global Ed Inc's Piotroski F-Score?
Adtalem Global Ed Inc (ATGE) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Adtalem Global Ed Inc's earnings high quality?
Adtalem Global Ed Inc (ATGE) has an earnings quality ratio of 1.43x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Adtalem Global Ed Inc cover its interest payments?
Adtalem Global Ed Inc (ATGE) has an interest coverage ratio of 6.53x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Adtalem Global Ed Inc?
Adtalem Global Ed Inc (ATGE) scores 58 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.