Perdoceo Education Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	841.4	676.07	702.92	687.67	688.42
Other Revenue	4.69	5.19	7.08	7.54	4.62
Revenue	846.1	681.26	710	695.21	693.03
Revenue Growth (YoY)	24.20%	-4.05%	2.13%	0.31%	0.83%
Cost of Revenue	173.02	112.22	120.02	99.41	91.43
Gross Profit	673.08	569.05	589.98	595.8	601.61
Selling, General & Admin	435.45	375.7	408.39	443.43	435.83
Operating Expenses	477.08	390.34	425.27	463.17	452.59
Operating Income	196.01	178.71	164.71	132.63	149.02
Interest Expense	-6.47	-0.61	-0.4	-0.4	-0.92
Interest & Investment Income	26.31	28.99	19.98	6.87	0.93
Earnings From Equity Investments	-	-	-	-0.6	0.2
Other Non Operating Income (Expenses)	1.99	-1.19	0.01	-0.03	-0.16
EBT Excluding Unusual Items	217.84	205.89	184.3	138.46	149.07
Gain (Loss) on Sale of Investments	-1	-	-	-1.2	-
Gain (Loss) on Sale of Assets	-	-	22.09	-	-
Asset Writedown	-0.01	-4.45	-14.26	-2.99	-
Pretax Income	216.84	201.44	192.12	134.27	149.07
Income Tax Expense	56.92	53.85	44.47	38.4	39.43
Earnings From Continuing Operations	159.91	147.59	147.65	95.87	109.64
Net Income	159.91	147.59	147.65	95.87	109.64
Net Income to Common	159.91	147.59	147.65	95.87	109.64
Net Income Growth	8.35%	-0.04%	54.02%	-12.56%	-11.77%
Shares Outstanding (Basic)	65	66	66	68	70
Shares Outstanding (Diluted)	66	67	68	69	71
Shares Change (YoY)	-1.62%	-0.86%	-1.75%	-2.61%	-0.54%
EPS (Basic)	2.47	2.25	2.22	1.41	1.57
EPS (Diluted)	2.42	2.19	2.18	1.39	1.55
EPS Growth	10.50%	0.46%	56.84%	-10.32%	-10.92%
Free Cash Flow	216.66	156.97	105.61	135.57	180.66
Free Cash Flow Per Share	3.27	2.33	1.56	1.96	2.55
Dividend Per Share	0.580	0.500	0.330	-	-
Dividend Growth	16.00%	51.52%	-	-	-
Gross Margin	79.55%	83.53%	83.09%	85.70%	86.81%
Operating Margin	23.17%	26.23%	23.20%	19.08%	21.50%
Profit Margin	18.90%	21.66%	20.80%	13.79%	15.82%
Free Cash Flow Margin	25.61%	23.04%	14.88%	19.50%	26.07%
EBITDA	237.63	193.35	181.6	152.37	165.78
EBITDA Margin	28.09%	28.38%	25.58%	21.92%	23.92%
D&A For EBITDA	41.63	14.65	16.89	19.73	16.77
EBIT	196.01	178.71	164.71	132.63	149.02
EBIT Margin	23.17%	26.23%	23.20%	19.08%	21.50%
Effective Tax Rate	26.25%	26.73%	23.15%	28.60%	26.45%
Revenue as Reported	846.1	681.26	710	695.21	693.03

Source: S&P Global Market Intelligence. Standard template. Financial Sources.