Perdoceo Education Corporation reported a financial performance increase for the second quarter of 2026, with total revenue reaching $213.4 million, a 1.8% rise from $209.6 million in the same quarter of 2025. Year-to-date revenue also saw a 3.0% increase, totaling $435.1 million compared to $422.6 million in the prior year. The growth was primarily driven by increased enrollments at Colorado Technical University (CTU) and the University of St. Augustine for Health Sciences (USAHS), which saw revenue increases of 0.9% and 10.2%, respectively. However, the American InterContinental University System (AIUS) experienced a revenue decline of 1.8%, attributed to a decrease in non-Title IV and professional development offerings.
Operating income for the quarter improved by 6.8% to $54.9 million, up from $51.4 million in the previous year, while year-to-date operating income increased by 14.4% to $118.0 million. This growth in operating income was supported by disciplined expense management and revenue growth across the institutions. The company reported a net income of $48.0 million for the quarter, a 16.9% increase from $41.0 million in the prior year, resulting in a diluted earnings per share of $0.75, compared to $0.62 in the same quarter of 2025.
In terms of operational metrics, total student enrollments increased by 0.7% year-over-year, with CTU and USAHS reporting growth of 0.6% and 6.0%, respectively. AIUS saw a slight decline of 1.0% in enrollments. The company continues to invest in technology and marketing to enhance student experiences and engagement, particularly through its corporate student programs, which provide degree opportunities to employees of partner organizations.
Perdoceo's balance sheet as of June 30, 2026, showed total assets of $1.33 billion, up from $1.25 billion at the end of 2025. Current assets increased significantly, with cash and cash equivalents rising to $734.8 million, driven by improved student receivables and cash management strategies. The company also reported a substantial increase in deferred revenue, which rose to $127.4 million, reflecting the timing of academic terms and related student billings.
Looking ahead, Perdoceo anticipates continued revenue growth and improved adjusted operating income for the full year 2026, supported by disciplined expense management and strategic investments in technology and student support initiatives. The company remains focused on enhancing its academic offerings and maintaining compliance with regulatory requirements, particularly in light of recent changes to federal student loan programs.
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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