Every 10-Q that Universal Technical Institute, Inc. (UTI) 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 UTI 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 UTI filings page.
Universal Technical Institute, Inc. reported higher revenue but sharply lower profitability for the three and nine months ended June 30, 2026. Revenue for the three-month period rose to $218,907 (in thousands), up 7.2% year over year, while net income declined to $2,279 (in thousands). For the nine-month period, revenue grew to $661,153 (in thousands) and net income fell to $15,539 (in thousands), as operating margin compressed to 2.9% from 9.5%.
Management attributes the earnings decline primarily to approximately $9.0 million and $27.6 million of strategic growth expenses in the three- and nine‑month periods, tied to new programs and campuses. Average full‑time active students increased 5.8% for the quarter and 6.7% year to date, supported by new skilled‑trades and healthcare offerings, the opening of the UTI San Antonio campus in March 2026, and the Atlanta, Georgia campus in July 2026. Operating cash flow for the nine months decreased to $17,402 (in thousands), while purchases of property and equipment surged to $80,900 (in thousands), contributing to total debt of $160,256 (in thousands) at June 30, 2026. The company also recorded $1.1 million of restructuring charges under a multi‑phase plan to simplify operations and align resources with its growth strategy.
Universal Technical Institute, Inc. reported higher revenue but sharply lower profits for the quarter and first half of fiscal 2026. For the three months ended March 31, 2026, revenue rose to $221.4 million, up 6.7% from a year earlier, driven by 7.2% growth in average full‑time active students and new program launches across both the UTI and Concorde segments.
However, income from operations fell to $0.3 million from $16.9 million as educational and selling, general and administrative expenses grew faster than revenue, including roughly $11 million of strategic growth spending in the quarter. Net income for the quarter declined to $0.4 million, compared with $11.4 million last year.
For the six months ended March 31, 2026, revenue increased to $442.2 million, up 8.2% year over year, with average full‑time active students up 7.2%. Income from operations decreased to $16.0 million from $44.3 million, and net income declined to $13.3 million from $33.6 million, reflecting higher compensation, marketing, facility, and credit loss costs tied to expansion. Cash and cash equivalents fell to $87.2 million from $127.4 million at September 30, 2025, while total debt increased to $131.0 million from $87.4 million as the company funded campus growth and capital expenditures.
Universal Technical Institute, Inc. delivered revenue of $220.8 million for the quarter ended December 31, 2025, up 9.6% from a year earlier, driven by 7.2% growth in average full‑time active students across its UTI and Concorde segments. Net income declined to $12.8 million from $22.2 million, as operating margin compressed to 7.1% from 13.6% due to higher compensation, marketing, and other expenses tied to its multi‑year growth strategy.
UTI segment revenue rose 8.6% to $142.8 million, while Concorde grew 11.5% to $78.0 million, both benefiting from higher student volumes. Diluted EPS was $0.23 versus $0.40. Operating cash flow fell to $3.1 million, reflecting timing of receivables, prepaid items, payables, and higher use of proprietary student financing, while the company stepped up capital spending to support new campuses and program expansions.
UTI ended the quarter with $93.6 million in cash and cash equivalents, $69.2 million in short‑term investments, and $70.4 million of undrawn revolver capacity, for total liquidity of $233.2 million. Long‑term debt stood at $101.7 million, mainly from property term loans and borrowings under its credit facility.