Perdoceo Education Corporation reported a significant increase in financial performance for the fiscal year ending December 31, 2025, with total revenue reaching $846.1 million, a 24.2% increase from $681.3 million in the previous year. This growth was primarily driven by the acquisition of the University of St. Augustine for Health Sciences (USAHS), which contributed $147.5 million in revenue. Operating income also rose by 12.5% to $196 million, compared to $174.3 million in 2024, reflecting improved operational efficiency and increased student enrollment across its institutions.
The company experienced a 7.3% increase in total student enrollments, rising to approximately 44,400 students as of December 31, 2025, up from 41,380 the previous year. This growth was supported by strong retention rates and increased interest in degree programs, particularly at Colorado Technical University (CTU) and the American InterContinental University System (AIUS). CTU's enrollments grew by 6.6%, while AIUS saw an 11.2% increase, aided by an additional academic session. USAHS's enrollments increased by 2.6%, driven by growth in nursing and speech-language pathology programs.
Strategically, Perdoceo has focused on enhancing its technology infrastructure and student engagement processes, which have been pivotal in driving enrollment growth. The company has also invested in corporate student programs, providing educational opportunities to employees of partner organizations. These initiatives are expected to continue supporting enrollment and retention in 2026, with projected adjusted operating income anticipated to be higher than in 2025.
Operationally, Perdoceo's workforce consisted of approximately 6,000 employees as of December 31, 2025, with a significant portion dedicated to student support and engagement. The company has emphasized the use of data analytics and technology to optimize student enrollment processes and improve academic outcomes. Additionally, Perdoceo has maintained a strong balance sheet, with cash and cash equivalents totaling $643.5 million, positioning the company well for future investments and growth opportunities.
Looking ahead, Perdoceo anticipates continued growth in student enrollments and revenue, driven by its strategic investments and the ongoing demand for flexible, career-oriented education. However, the company remains vigilant regarding regulatory changes and market conditions that could impact its operations, particularly in the highly scrutinized for-profit education sector.
About PERDOCEO EDUCATION Corp
Perdoceo Education Corporation operates accredited institutions providing online, campus-based, and hybrid postsecondary education in fields such as business, health sciences, and technology. Its key offerings include degree programs from associate to doctoral levels, professional development, and clinical health sciences. Serving primarily non-traditional adult learners and military personnel in the U.S., the company leverages innovative technology, personalized learning, and strategic employer partnerships to enhance student engagement, retention, and career readiness.
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