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Phoenix Education Partners delivered revenue growth and strong adjusted EBITDA, driven by increased enrollment. However, reported net income declined sharply due to IPO-related and non-cash share-based compensation expenses.
Revenue increased to $262,027,000 from $254,692,000 year-over-year
Net income dropped to $15,454,000 due to IPO-related expenses
Adjusted EPS remained strong at $1.38
Average Total Degreed Enrollment grew to 85,600 students
Phoenix Education Partners expects fiscal year 2026 revenue between $1.025B and $1.035B, with Adjusted EBITDA between $244M and $249M.
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