Every 10-Q that Phoenix Education Partners Inc. (PXED) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow PXED and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PXED filings page.
Phoenix Education Partners, parent of University of Phoenix, generated $271.8 million in net revenue for Q3 FY2026, essentially flat year over year. Net income attributable to the company was $39.2 million, or $1.01 diluted EPS, reflecting higher share-based compensation and strategic, restructuring and cybersecurity-related costs following the 2025 IPO.
For the first nine months, net revenue was $756.3 million and adjusted EBITDA reached $188.1 million (24.9% margin). Operating cash flow improved to $116.7 million, while the company held $155.0 million of cash and cash equivalents and $111.4 million of marketable securities, with no borrowings under a $100 million revolving credit facility.
Average Total Degreed Enrollment rose 2.2% year over year to 84,500 for the nine-month period, supported by growth in employer-related enrollment. The company authorized a $50 million share repurchase program, buying about $4.0 million of stock, and paid a $0.21-per-share Q3 dividend. Key uncertainties include borrower defense to repayment exposure and ongoing data-privacy and cybersecurity litigation, though a comprehensive cyber insurance policy is in place.
Phoenix Education Partners, Inc. reports relatively stable results for the quarter and six months ended February 28, 2026, with profitability pressured by IPO-related and other one-time costs. Net revenue was $222.5 million for the quarter and $484.5 million for the first half of fiscal 2026, up 1.3% over the prior-year period. Average Total Degreed Enrollment rose to 84,100 students for the six-month period, reflecting stronger retention and more employer-sponsored learners. Net income attributable to Phoenix Education Partners declined to $10.8 million for the quarter and $26.2 million year-to-date, as higher share-based compensation of $39.2 million and $4.8 million of cybersecurity-incident expenses offset modest revenue growth. Adjusted EBITDA improved to $34.8 million for the quarter and $110.0 million for the six months, lifting adjusted EBITDA margin to 22.7% year-to-date. The company ended the period with $231.3 million in cash and restricted cash, $546.4 million in total assets, no borrowings under its new $100 million revolving credit facility, and 35.8 million common shares outstanding.
Phoenix Education Partners reported modest top-line growth but sharply lower profit for the quarter ended November 30, 2025. Net revenue rose 2.9% to $262.0 million, driven by a 4.1% increase in Average Total Degreed Enrollment as new student growth and better retention offset higher discounts tied to employer relationships.
Net income attributable to Phoenix Education Partners fell to $15.5 million from $46.4 million, with diluted earnings per share declining to $0.40 from $1.23. The drop reflects $29.5 million of share-based compensation linked to the IPO and $5 million of IPO-related costs, as well as $4.5 million of expenses from a cybersecurity incident. Adjusted EBITDA increased to $75.2 million with a 28.7% margin, up from 27.5%.
The company ended the quarter with $151.3 million in cash and cash equivalents plus $39.7 million in restricted cash, and no borrowings under a new $100 million revolving credit facility. Management highlighted ongoing regulatory exposure, borrower defense to repayment claims, a consolidated Oracle-related data breach lawsuit, and other litigation as key uncertainties.