Perdoceo Education (PRDO) financial statements
Perdoceo Education reported revenue of $846M in fiscal 2025, up 2.1% a year over 9 years.
Net income was $160M and the operating margin 23.2%, against -4.6% in 2016.
Free cash flow was $217M, and the company returned $121M in net buybacks.
The diluted share count fell 3% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Perdoceo Education's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $704M | $596M | $581M | $628M | $687M | $693M | $695M | $710M | $681M | $846M |
| Selling, general and admin | $478M | $405M | $391M | $430M | $417M | $419M | $426M | $398M | $367M | $411M |
| Operating income | -$32M | $34M | $71M | $86M | $143M | $149M | $130M | $150M | $174M | $196M |
| Interest expense | $584,000 | $451,000 | $681,000 | $167,000 | $167,000 | $920,000 | $400,000 | $404,000 | $613,000 | $6M |
| Pre-tax income | -$31M | $36M | $74M | $93M | $147M | $149M | $134M | $192M | $201M | $217M |
| Income tax | -$17M | $67M | $19M | $22M | $22M | $39M | $38M | $44M | $54M | $57M |
| Net income | -$19M | -$32M | $55M | $70M | $124M | $110M | $96M | $148M | $148M | $160M |
| EPS (diluted) | -$0.27 | -$0.46 | $0.77 | $0.97 | $1.74 | $1.55 | $1.39 | $2.18 | $2.19 | $2.42 |
| Diluted shares | 68M | 69M | 71M | 72M | 71M | 71M | 69M | 68M | 67M | 66M |
| Operating margin | -4.6% | 5.7% | 12.3% | 13.8% | 20.8% | 21.5% | 18.6% | 21.2% | 25.6% | 23.2% |
| Net margin | -2.7% | -5.3% | 9.5% | 11.1% | 18.1% | 15.8% | 13.8% | 20.8% | 21.7% | 18.9% |
Balance sheet
Fiscal years, from Perdoceo Education's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $207M | $180M | $229M | $294M | $406M | $494M | $509M | $603M | $569M | $622M |
| Receivables | $23M | $19M | $29M | $55M | — | — | — | — | — | — |
| Inventory | $2M | $1M | $763,000 | $576,000 | $596,000 | $904,000 | $2M | $5M | $3M | $4M |
| Total current assets | $248M | $211M | $269M | $360M | $467M | $554M | $575M | $655M | $640M | $697M |
| Property, plant and equipment | $41M | $33M | $30M | $26M | $28M | $28M | $26M | $21M | $96M | $83M |
| Goodwill | $87M | $87M | $87M | $87M | $118M | $163M | $244M | $241M | $258M | $266M |
| Total assets | $560M | $447M | $482M | $599M | $722M | $847M | $957M | $1.0B | $1.2B | $1.2B |
| Total current liabilities | $169M | $113M | $97M | $104M | $104M | $140M | $163M | $111M | $132M | $138M |
| Total liabilities | $238M | $151M | $127M | $168M | $166M | $197M | $232M | $166M | $277M | $275M |
| Shareholders' equity | $322M | $296M | $355M | $431M | $556M | $650M | $726M | $841M | $960M | $972M |
| Net debt | -$50M | -$18M | -$32M | -$109M | -$106M | -$320M | -$109M | -$118M | -$109M | -$111M |
Cash flow
Fiscal years, from Perdoceo Education's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $6M | -$22M | $57M | $73M | $180M | $191M | $148M | $112M | $162M | $225M |
| Capital spending | $4M | $6M | $7M | $5M | $10M | $10M | $13M | $6M | $5M | $9M |
| Free cash flow | $2M | -$28M | $50M | $68M | $170M | $181M | $136M | $106M | $157M | $217M |
| Stock-based compensation | $3M | $5M | $6M | $9M | $13M | $15M | $9M | $8M | $10M | $12M |
| Dividends paid | — | — | — | — | — | — | — | $14M | — | — |
| Share buybacks (net) | — | — | — | -$4M | -$18M | -$25M | -$23M | -$8M | -$7M | -$121M |
| Free cash flow margin | 0.3% | -4.7% | 8.6% | 10.8% | 24.8% | 26.1% | 19.5% | 14.9% | 23.0% | 25.6% |
| Dividends per share | — | — | — | — | — | — | — | $0.21 | — | — |
Questions
What was Perdoceo Education's revenue in 2025?
$846M in fiscal 2025, from its 10-K filing.
How much free cash flow does Perdoceo Education generate?
$217M in fiscal 2025 (operating cash flow minus capital spending).
From Perdoceo Education's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.