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Perdoceo Q1 2025 Earnings Report
Perdoceo Education Corporation reported a significant increase in revenue and net income for the first quarter of 2025, driven by the acquisition of USAHS and growth in CTU enrollments.
Key Takeaways
Perdoceo Education Corporation delivered a strong performance in Q1 2025, with total revenue increasing by 26.6% to $213.0 million and net income rising by 10.8% to $43.688 million. This growth was primarily fueled by the acquisition of University of St. Augustine for Health Sciences (USAHS) and continued student retention and engagement at Colorado Technical University (CTU).
Total revenue increased by 26.6% to $213.0 million in Q1 2025, compared to $168.264 million in Q1 2024.
Net income for Q1 2025 was $43.688 million, an increase of 10.8% from $39.442 million in Q1 2024.
The acquisition of USAHS significantly contributed to revenue growth, adding $39.183 million in the current quarter.
Total student enrollments grew by 16.7% to 48,200 as of March 31, 2025, with CTU showing a 10.6% increase.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Perdoceo expects full-year 2025 revenue to be higher due to the USAHS acquisition and continued growth in revenue and student enrollments within CTU and AIUS. The effective tax rate for the full year 2025 is expected to be between 25.5% and 26.5%.
Positive Outlook
- High levels of student retention and engagement are expected to continue through 2025.
- Increased prospective student interest is anticipated to persist.
- Full year revenue is expected to be higher due to the USAHS acquisition.
- Growth in revenue and student enrollments within CTU and AIUS is projected.
- Capital expenditures for the full year 2025 are expected to be between 1.0% and 2.0% of revenue.
Challenges Ahead
- Uncertainty regarding the outcome of legal proceedings and potential losses.
- Dependence on Title IV Program funds, with any reduction or impact on timing potentially affecting operations.
- Financial performance is dependent on student enrollment levels, which can be impacted by external factors.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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