Perdoceo Education Corporation Financials
This page shows Perdoceo Education Corporation (PRDO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 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).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Perdoceo Education Corporation has an operating margin of 23.2%, meaning the company retains $23 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 down from 25.6% the prior year.
Perdoceo Education Corporation's revenue surged 24.2% year-over-year to $846.1M, reflecting rapid business expansion. This strong growth earns a score of 74/100.
Perdoceo Education Corporation carries a low D/E ratio of 0.28, meaning only $0.28 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 96/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 5.06, Perdoceo Education Corporation holds $5.06 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 100/100.
Perdoceo Education Corporation's ROE of 16.4% shows moderate profitability relative to equity, earning a score of 48/100. This is up from 15.4% the prior year.
Perdoceo Education Corporation scores 7.65, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($2.3B) relative to total liabilities ($275.3M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Perdoceo Education Corporation passes 7 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, Perdoceo Education Corporation generates $1.41 in operating cash flow ($225.2M OCF vs $159.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Perdoceo Education Corporation earns $30.3 in operating income for every $1 of interest expense ($196.0M vs $6.5M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Perdoceo Education Corporation generated $846.1M in revenue in fiscal year 2025. This represents an increase of 24.2% from the prior year.
Perdoceo Education Corporation's EBITDA was $237.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.8% from the prior year.
Perdoceo Education Corporation reported $159.9M in net income in fiscal year 2025. This represents an increase of 8.4% from the prior year.
Perdoceo Education Corporation earned $2.42 per diluted share (EPS) in fiscal year 2025. This represents an increase of 10.5% from the prior year.
Cash & Balance Sheet
Perdoceo Education Corporation held $111.0M in cash against $0 in long-term debt as of fiscal year 2025.
Perdoceo Education Corporation paid $0.56 per share in dividends in fiscal year 2025. This represents an increase of 16.7% from the prior year.
Perdoceo Education Corporation had 62M shares outstanding in fiscal year 2025. This represents a decrease of 5.2% from the prior year.
Margins & Returns
Perdoceo Education Corporation's operating margin was 23.2% in fiscal year 2025, reflecting core business profitability. This is down 2.4 percentage points from the prior year.
Perdoceo Education Corporation's net profit margin was 18.9% in fiscal year 2025, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.
Perdoceo Education Corporation's ROE was 16.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.
Capital Allocation
Perdoceo Education Corporation spent $120.8M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 1684.5% from the prior year.
PRDO Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $211.6M-0.1% | $211.9M+1.1% | $209.6M-1.6% | $213.0M+20.7% | $176.4M+3.9% | $169.8M+1.9% | $166.7M-0.9% | $168.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $110.4M+8.5% | $101.8M+4.1% | $97.8M-3.1% | $100.9M+4.5% | $96.6M+3.1% | $93.7M+4.9% | $89.3M+2.1% | $87.5M |
| Operating Income | $41.9M-17.7% | $51.0M-0.9% | $51.4M-0.6% | $51.7M+39.1% | $37.2M-17.0% | $44.8M-2.6% | $46.0M-0.6% | $46.3M |
| Interest Expense | $1.6M-0.8% | $1.6M-1.2% | $1.6M-4.2% | $1.7M+1902.4% | $84K+2.4% | $82K-26.8% | $112K-66.6% | $335K |
| Income Tax | $12.7M-21.3% | $16.2M+6.3% | $15.2M+18.7% | $12.8M+9.1% | $11.7M-16.7% | $14.1M-3.3% | $14.6M+8.8% | $13.4M |
| Net Income | $35.3M-11.3% | $39.9M-2.9% | $41.0M-6.1% | $43.7M+38.9% | $31.5M-17.8% | $38.3M-0.5% | $38.4M-2.6% | $39.4M |
| EPS (Diluted) | N/A | $0.60-3.2% | $0.62-4.6% | $0.65 | N/A | $0.570.0% | $0.57-3.4% | $0.59 |
PRDO Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B-4.0% | $1.3B+0.4% | $1.3B+2.0% | $1.3B+2.5% | $1.2B+10.8% | $1.1B+3.6% | $1.1B+2.5% | $1.1B |
| Current Assets | $696.9M-5.3% | $736.2M+2.1% | $721.2M+5.1% | $686.0M+7.2% | $640.2M-17.2% | $773.5M+5.6% | $732.5M+3.7% | $706.0M |
| Cash & Equivalents | $111.0M-30.4% | $159.5M-7.3% | $172.1M+30.3% | $132.1M+21.0% | $109.1M-54.2% | $238.0M+86.2% | $127.9M+1.6% | $125.8M |
| Inventory | $4.0M+0.8% | $4.0M+52.4% | $2.6M-18.9% | $3.3M-4.0% | $3.4M-12.5% | $3.9M-13.4% | $4.5M+5.1% | $4.3M |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $265.7M+2.9% | $258.2M0.0% | $258.2M0.0% | $258.1M0.0% | $258.0M+7.0% | $241.2M0.0% | $241.2M0.0% | $241.2M |
| Total Liabilities | $275.3M-8.7% | $301.5M-2.7% | $309.8M+3.8% | $298.3M+7.5% | $277.5M+53.0% | $181.3M+1.5% | $178.7M-3.8% | $185.9M |
| Current Liabilities | $137.8M-16.3% | $164.6M-2.5% | $168.8M+9.6% | $154.0M+16.5% | $132.2M-6.4% | $141.2M+4.7% | $134.9M-5.4% | $142.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $972.4M-2.5% | $997.9M+1.3% | $984.6M+1.5% | $970.3M+1.1% | $959.5M+2.6% | $935.4M+4.0% | $899.5M+3.9% | $866.1M |
| Retained Earnings | $718.4M+3.7% | $692.8M+4.5% | $662.9M+5.1% | $630.5M+5.9% | $595.7M+4.0% | $573.0M+5.4% | $543.6M+6.0% | $512.6M |
PRDO Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $40.1M-2.7% | $41.2M-47.7% | $78.8M+21.0% | $65.1M+270.1% | $17.6M-65.5% | $51.0M+32.3% | $38.5M-29.3% | $54.5M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | -$23.8M-5.7% | -$22.6M-167.4% | -$8.4M-813.7% | $1.2M+101.0% | -$115.1M-270.7% | $67.4M+329.8% | -$29.3M+4.8% | -$30.8M |
| Financing Cash Flow | -$64.8M-105.2% | -$31.6M-4.1% | -$30.3M+31.7% | -$44.4M-362.0% | -$9.6M-13.7% | -$8.5M-18.6% | -$7.1M+55.1% | -$15.9M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $7.2M |
| Share Buybacks | $54.1M+162.0% | $20.6M-1.2% | $20.9M-17.1% | $25.2M | $0 | $0 | $0-100.0% | $6.8M |
PRDO Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 19.8%-4.2pp | 24.1%-0.5pp | 24.5%+0.2pp | 24.3%+3.2pp | 21.1%-5.3pp | 26.4%-1.2pp | 27.6%+0.1pp | 27.5% |
| Net Margin | 16.7%-2.1pp | 18.8%-0.8pp | 19.6%-0.9pp | 20.5%+2.7pp | 17.8%-4.7pp | 22.5%-0.5pp | 23.1%-0.4pp | 23.4% |
| Return on Equity | 3.6%-0.3pp | 4.0%-0.2pp | 4.2%-0.3pp | 4.5%+1.2pp | 3.3%-0.8pp | 4.1%-0.2pp | 4.3%-0.3pp | 4.5% |
| Return on Assets | 2.8%-0.2pp | 3.1%-0.1pp | 3.2%-0.3pp | 3.4%+0.9pp | 2.5%-0.9pp | 3.4%-0.1pp | 3.6%-0.2pp | 3.8% |
| Current Ratio | 5.06+0.6 | 4.47+0.2 | 4.27-0.2 | 4.46-0.4 | 4.84-0.6 | 5.48+0.0 | 5.43+0.5 | 4.95 |
| Debt-to-Equity | 0.28-0.0 | 0.30-0.0 | 0.310.0 | 0.31+0.0 | 0.29+0.1 | 0.190.0 | 0.20-0.0 | 0.21 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Perdoceo Education Corporation's annual revenue?
Perdoceo Education Corporation (PRDO) reported $846.1M in total revenue for fiscal year 2025. This represents a 24.2% 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 Perdoceo Education Corporation's revenue growing?
Perdoceo Education Corporation (PRDO) revenue grew by 24.2% year-over-year, from $681.3M to $846.1M in fiscal year 2025.
Is Perdoceo Education Corporation profitable?
Yes, Perdoceo Education Corporation (PRDO) reported a net income of $159.9M in fiscal year 2025, with a net profit margin of 18.9%.
What is Perdoceo Education Corporation's EBITDA?
Perdoceo Education Corporation (PRDO) had EBITDA of $237.6M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Perdoceo Education Corporation's operating margin?
Perdoceo Education Corporation (PRDO) had an operating margin of 23.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Perdoceo Education Corporation's net profit margin?
Perdoceo Education Corporation (PRDO) had a net profit margin of 18.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Perdoceo Education Corporation pay dividends?
Yes, Perdoceo Education Corporation (PRDO) paid $0.56 per share in dividends during fiscal year 2025.
What is Perdoceo Education Corporation's return on equity (ROE)?
Perdoceo Education Corporation (PRDO) has a return on equity of 16.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Perdoceo Education Corporation's operating cash flow?
Perdoceo Education Corporation (PRDO) generated $225.2M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Perdoceo Education Corporation's total assets?
Perdoceo Education Corporation (PRDO) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.
What is Perdoceo Education Corporation's current ratio?
Perdoceo Education Corporation (PRDO) had a current ratio of 5.06 as of fiscal year 2025, which is generally considered healthy.
What is Perdoceo Education Corporation's debt-to-equity ratio?
Perdoceo Education Corporation (PRDO) had a debt-to-equity ratio of 0.28 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Perdoceo Education Corporation's return on assets (ROA)?
Perdoceo Education Corporation (PRDO) had a return on assets of 12.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Perdoceo Education Corporation's Altman Z-Score?
Perdoceo Education Corporation (PRDO) has an Altman Z-Score of 7.65, 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 Perdoceo Education Corporation's Piotroski F-Score?
Perdoceo Education Corporation (PRDO) has a Piotroski F-Score of 7 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 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Perdoceo Education Corporation's earnings high quality?
Perdoceo Education Corporation (PRDO) has an earnings quality ratio of 1.41x, 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 Perdoceo Education Corporation cover its interest payments?
Perdoceo Education Corporation (PRDO) has an interest coverage ratio of 30.3x, 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 Perdoceo Education Corporation?
Perdoceo Education Corporation (PRDO) scores 78 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.