Perdoceo Education Corporation Reports 25.7% Revenue Growth to $209.6 Million in Latest Quarter

Perdoceo Education Corporation reported significant financial growth in its latest quarterly results, with total revenue for the quarter ended June 30, 2025, reaching $209.6 million, a 25.7% increase from $166.7 million in the same period last year. The year-to-date revenue also saw a substantial rise of 26.1%, totaling $422.6 million compared to $335.0 million in the prior year. This growth was primarily driven by the acquisition of the University of St. Augustine for Health Sciences (USAHS), which contributed approximately $36.7 million in revenue since its acquisition in December 2024. Additionally, both Colorado Technical University (CTU) and the American InterContinental University System (AIUS) reported increased enrollments, further bolstering revenue.

Operating income for the second quarter increased to $51.4 million, up from $46.0 million in the previous year, reflecting a growth of 11.7%. The increase in operating income was attributed to higher revenues from CTU and reduced losses in the Corporate and Other segment. The company also reported a net income of $41.0 million for the quarter, compared to $38.4 million in the prior year, resulting in diluted earnings per share of $0.62, up from $0.57.

In terms of operational metrics, total student enrollments rose by 17.4% year-over-year, reaching 46,500 students as of June 30, 2025. CTU and AIUS saw enrollment increases of 7.4% and 7.1%, respectively, while USAHS reported 4,000 students enrolled for the summer term. The company has focused on enhancing student engagement and retention, which has contributed to this growth. Perdoceo has also been investing in technology and training for its admissions and support teams to better serve its growing student population.

The company’s balance sheet showed total assets of $1.29 billion as of June 30, 2025, an increase from $1.24 billion at the end of 2024. Cash and cash equivalents, along with short-term investments, totaled $659.6 million, reflecting a strong liquidity position. However, current liabilities also increased significantly, particularly in deferred revenue, which rose to $81.7 million, indicating a higher volume of student billings in advance of academic terms.

Looking ahead, Perdoceo expects continued growth in revenue and student enrollments for the remainder of 2025, driven by the integration of USAHS and ongoing improvements in student engagement strategies. The company remains committed to enhancing its educational offerings and maintaining a strong financial position, with plans for further investments in technology and student support initiatives.