NASDAQ · Financial Statements

Perdoceo Education Corporation (PRDO) Financial Statements

$33.90 NASDAQ: PRDO Market Cap $2.12B

Perdoceo Education Corporation most recently reported annual revenue of $846.0M, net profit of $160.0M. Revenue grew at an average annual rate of 4.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Perdoceo Education Corporation: Revenue rose from $704.0M in 2016 to $846.0M in 2025, a change of +20.2% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from -4.6% to 23.2%, a shift of +27.8 percentage points; the most recent year shows net profit of $160.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$704.0M$596.0M$581.0M$628.0M$687.0M$693.0M$695.0M$710.0M$681.0M$846.0M
Operating Expenses$737.0M$562.0M$510.0M$541.0M$544.0M$544.0M$566.0M$560.0M$507.0M$650.0M
Operating Profit$-32.0M$34.0M$71.0M$86.0M$143.0M$149.0M$130.0M$150.0M$174.0M$196.0M
Operating Margin-4.6%5.7%12.3%13.8%20.8%21.5%18.6%21.2%25.6%23.2%
Other Income$1.0M$2.0M$3.0M$7.0M$4.0M$0$5.0M$42.0M$27.0M$21.0M
Interest$1.0M$0$1.0M$0$0$1.0M$0$0$1.0M$6.0M
Depreciation$23.0M$14.0M$9.0M$9.0M$15.0M$17.0M$20.0M$17.0M$15.0M$42.0M
Profit Before Tax$-31.0M$36.0M$74.0M$93.0M$147.0M$149.0M$134.0M$192.0M$201.0M$217.0M
Tax$52.8M$185.2M$25.0M$24.1M$15.3M$26.4M$28.6M$23.1M$26.7M$26.3M
Net Profit$-19.0M$-32.0M$55.0M$70.0M$124.0M$110.0M$96.0M$148.0M$148.0M$160.0M
EPS$-0.27$-0.46$0.77$0.97$1.74$1.55$1.39$2.18$2.19$2.42
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$180.0M$148.0M$168.0M$167.0M$170.0M$176.0M$213.0M$210.0M$212.0M$212.0M$222.0M$213.0M
Operating Expenses$137.0M$132.0M$122.0M$121.0M$125.0M$139.0M$161.0M$158.0M$161.0M$170.0M$159.0M$158.0M
Operating Profit$43.0M$16.0M$46.0M$46.0M$45.0M$37.0M$52.0M$51.0M$51.0M$42.0M$63.0M$55.0M
Operating Margin23.9%10.8%27.5%27.6%26.4%21.1%24.3%24.5%24.1%19.8%28.5%25.7%
Interest$0$0$0$0$0$0$2.0M$2.0M$2.0M$2.0M$2.0M$1.0M
Profit Before Tax$48.0M$22.0M$53.0M$53.0M$52.0M$43.0M$57.0M$56.0M$56.0M$48.0M$68.0M$60.0M
Tax$14.1M$23.2M$25.4M$27.5M$26.9M$27.2M$22.7M$27.1M$28.9M$26.5M$20.8M$20.3M
Net Profit$41.0M$17.0M$39.0M$38.0M$38.0M$31.0M$44.0M$41.0M$40.0M$35.0M$54.0M$48.0M
EPS$0.62$0.26$0.59$0.57$0.57$0.47$0.65$0.62$0.60$0.54$0.85$0.75

Over the 10 years reported for Perdoceo Education Corporation, cash stood at $132.0M in the latest year, shareholders' equity was $1.0M, current assets covered current liabilities 5.05 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$560.0M$447.0M$482.0M$599.0M$722.0M$847.0M$957.0M$1.0B$1.2B$1.3B
Current Assets$248.0M$211.0M$269.0M$360.0M$467.0M$554.0M$575.0M$655.0M$640.0M$697.0M
Cash$50.0M$18.0M$32.0M$109.0M$106.0M$320.0M$109.0M$118.0M$109.0M$132.0M
Inventory$2.0M$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$5.0M$3.0M$4.0M
Receivables$24.0M$20.0M$31.0M$56.0M$48.0M$45.0M$46.0M$34.0M$28.0M$32.0M
Fixed Assets$41.0M$33.0M$30.0M$76.0M$73.0M$65.0M$52.0M$40.0M$161.0M$137.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$151.0M$159.0M$197.0M$185.0M$301.0M$174.0M$399.0M$485.0M$460.0M$516.0M
Other Assets$87.0M$87.0M$87.0M$87.0M$118.0M$163.0M$244.0M$241.0M$258.0M$266.0M
Total Liabilities$238.0M$151.0M$127.0M$168.0M$166.0M$197.0M$232.0M$166.0M$277.0M$300.0M
Current Liabilities$169.0M$113.0M$97.0M$104.0M$104.0M$140.0M$163.0M$111.0M$132.0M$138.0M
Borrowings$0$0$0$64.0M$53.0M$45.0M$34.0M$27.0M$132.0M$105.0M
Other Liabilities$238.0M$151.0M$127.0M$104.0M$112.0M$152.0M$198.0M$139.0M$146.0M$195.0M
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M$1.0M
Reserves$322.0M$296.0M$355.0M$431.0M$556.0M$650.0M$726.0M$841.0M$960.0M$972.0M

For Perdoceo Education Corporation, operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $217.0M; free cash flow was positive in 9 of 10 years; financing activities used $131.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$6.0M$-22.0M$57.0M$73.0M$180.0M$191.0M$148.0M$112.0M$162.0M$225.0M
Investing Cash Flow$-38.0M$-23.0M$-83.0M$3.0M$-176.0M$44.0M$-339.0M$-95.0M$-112.0M$-62.0M
Financing Cash Flow$12.0M$-1.0M$-3.0M$-7.0M$-19.0M$-31.0M$-29.0M$-12.0M$-10.0M$-131.0M
Net Cash Flow$-17.0M$-32.0M$14.0M$76.0M$1.0M$215.0M$-206.0M$0$13.0M$1.0M
Free Cash Flow$2.0M$-28.0M$50.0M$68.0M$170.0M$181.0M$136.0M$106.0M$157.0M$217.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.61
EV / EBITDA3.99
FCF Yield11.24%
Quick Ratio4.68
Interest Coverage34.07
Return 1Y7.21%
Return 3Y145.09%
Return 5Y182.74%

Perdoceo Education Corporation (PRDO) financials — frequently asked questions

What is Perdoceo Education Corporation's annual revenue?

Perdoceo Education Corporation (PRDO) reported annual revenue of $846.0M in its most recent fiscal year.

What is Perdoceo Education Corporation's net profit?

Perdoceo Education Corporation (PRDO) reported net profit of $160.0M in its most recent fiscal year.

What is PRDO EV/EBITDA?

Perdoceo Education Corporation's enterprise value to EBITDA (EV/EBITDA) ratio is 3.99.

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