Universal Technical Institute, Inc. (UTI) reported significant financial growth in its latest quarterly filing, with revenues reaching $204.3 million for the three months ended June 30, 2025, marking a 15.1% increase from $177.5 million in the same period last year. For the nine months ended June 30, 2025, total revenues were $613.2 million, up 14.3% from $536.3 million in the prior year. The company's net income also saw a substantial rise, totaling $10.7 million for the quarter, compared to $5.0 million in the previous year, and $44.3 million for the nine-month period, up from $23.2 million.
The increase in revenue and profitability can be attributed to a higher average full-time active student count across both UTI and its Concorde Career Colleges segment. UTI's average full-time active students rose by 8.9% year-over-year, while Concorde experienced an 18.8% increase. The total new student starts for the consolidated entity increased by 2.8% for the quarter and 14.9% for the nine months, driven by new program rollouts and heightened demand for existing programs.
Operationally, UTI has been expanding its footprint, announcing new campuses in Atlanta, Georgia, and San Antonio, Texas, both expected to open in 2026, pending regulatory approvals. Additionally, the company has launched several new programs, including an HVACR program and expanded its automotive program to include electric vehicle courses. These strategic initiatives are part of UTI's broader growth and diversification strategy, which aims to enhance its market presence and educational offerings.
Despite the positive financial performance, UTI's cash and cash equivalents decreased to $70.7 million as of June 30, 2025, down from $161.9 million at the end of the previous fiscal year. This decline was primarily due to cash used for purchasing held-to-maturity investments and net repayments on the revolving credit facility. The company reported a total long-term debt of $74.1 million, which includes two term loans and a finance lease. UTI remains optimistic about its future, citing ongoing demand for its educational programs and the potential for further growth through strategic initiatives and market expansion.
About UNIVERSAL TECHNICAL INSTITUTE INC
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