Perdoceo Education Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	806.12	676.07	702.92	687.67	688.42	684.58
Other Revenue	4.76	5.19	7.08	7.54	4.62	2.74
Revenue	810.89	681.26	710	695.21	693.03	687.31
Revenue Growth (YoY)	24.23%	-4.05%	2.13%	0.31%	0.83%	9.50%
Cost of Revenue	161.42	112.22	120.02	99.41	91.43	90.66
Gross Profit	649.46	569.05	589.98	595.8	601.61	596.66
Selling, General & Admin	418.74	375.7	408.39	443.43	435.83	438.32
Operating Expenses	456.22	390.34	425.27	463.17	452.59	453.11
Operating Income	193.25	178.71	164.71	132.63	149.02	143.55
Interest Expense	-4.97	-0.61	-0.4	-0.4	-0.92	-0.17
Interest & Investment Income	26.9	28.99	19.98	6.87	0.93	3.85
Earnings From Equity Investments	-0.1	-0.1	-	-0.6	0.2	0.2
Other Non Operating Income (Expenses)	-0.01	0.01	0.01	-0.03	-0.16	-0.08
EBT Excluding Unusual Items	215.06	206.99	184.3	138.46	149.07	147.35
Gain (Loss) on Sale of Investments	-1.1	-1.1	-	-1.2	-	-
Gain (Loss) on Sale of Assets	-	-	22.09	-	-	-
Asset Writedown	-1.99	-4.45	-14.26	-2.99	-	-0.61
Pretax Income	211.98	201.44	192.12	134.27	149.07	146.74
Income Tax Expense	55.95	53.85	44.47	38.4	39.43	22.48
Earnings From Continuing Operations	156.03	147.59	147.65	95.87	109.64	124.26
Net Income	156.03	147.59	147.65	95.87	109.64	124.26
Net Income to Common	156.03	147.59	147.65	95.87	109.64	124.26
Net Income Growth	17.04%	-0.04%	54.02%	-12.56%	-11.77%	77.57%
Shares Outstanding (Basic)	65	66	66	68	70	69
Shares Outstanding (Diluted)	67	67	68	69	71	71
Shares Change (YoY)	-0.47%	-0.86%	-1.75%	-2.61%	-0.54%	-1.14%
EPS (Basic)	2.39	2.25	2.22	1.41	1.57	1.79
EPS (Diluted)	2.33	2.19	2.18	1.39	1.55	1.74
EPS Growth	17.26%	0.46%	56.84%	-10.32%	-10.92%	79.10%
Free Cash Flow	194.76	156.97	105.61	135.57	180.66	170.19
Free Cash Flow Per Share	2.92	2.33	1.56	1.96	2.55	2.39
Dividend Per Share	0.560	0.500	0.330	-	-	-
Dividend Growth	16.67%	51.52%	-	-	-	-
Gross Margin	80.09%	83.53%	83.09%	85.70%	86.81%	86.81%
Operating Margin	23.83%	26.23%	23.20%	19.08%	21.50%	20.89%
Profit Margin	19.24%	21.66%	20.80%	13.79%	15.82%	18.08%
Free Cash Flow Margin	24.02%	23.04%	14.88%	19.50%	26.07%	24.76%
EBITDA	230.72	193.35	181.6	152.37	165.78	158.33
EBITDA Margin	28.45%	28.38%	25.58%	21.92%	23.92%	23.04%
D&A For EBITDA	37.48	14.65	16.89	19.73	16.77	14.79
EBIT	193.25	178.71	164.71	132.63	149.02	143.55
EBIT Margin	23.83%	26.23%	23.20%	19.08%	21.50%	20.89%
Effective Tax Rate	26.39%	26.73%	23.15%	28.60%	26.45%	15.32%
Revenue as Reported	810.89	681.26	710	695.21	693.03	687.31

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