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Perdoceo Education (PRDO)


Market Price (4/30/2026): $34.335 | Market Cap: $2.2 Bil
Sector: Consumer Discretionary | Industry: Education Services

Perdoceo Education (PRDO)


Market Price (4/30/2026): $34.335
Market Cap: $2.2 Bil
Sector: Consumer Discretionary
Industry: Education Services

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 9.9%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 27%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%

Low stock price volatility
Vol 12M is 38%

Megatrend and thematic drivers
Megatrends include Future of Education. Themes include Online Learning Platforms.

Key risks
PRDO key risks include [1] its history of regulatory settlements and enforcement actions for deceptive practices and [2] current allegations of "ghost student fraud" which could result in severe financial penalties and loss of federal aid eligibility.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.1%, FCF Yield is 9.9%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -23%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 24%
3 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 27%
4 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%
5 Low stock price volatility
Vol 12M is 38%
6 Megatrend and thematic drivers
Megatrends include Future of Education. Themes include Online Learning Platforms.
7 Key risks
PRDO key risks include [1] its history of regulatory settlements and enforcement actions for deceptive practices and [2] current allegations of "ghost student fraud" which could result in severe financial penalties and loss of federal aid eligibility.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Perdoceo Education (PRDO) stock has gained about 20% since 12/31/2025 because of the following key factors:

1. Exceeded Q4 2025 Earnings Expectations and Provided Strong 2026 Guidance.

Perdoceo Education reported adjusted earnings per diluted share of $0.59 for Q4 2025, surpassing analyst consensus estimates of $0.55 (or $0.54 by some estimates). Although quarterly revenue of $211.6 million was slightly below some analyst estimates, it still marked a 20.0% increase from the prior year. Following this report on February 19, 2026, the company's shares saw an immediate rise of over 6% in after-hours trading. The positive momentum was further fueled by an optimistic full-year 2026 outlook, with management forecasting adjusted EPS between $2.97 and $3.12 and adjusted operating income ranging from $250.0 million to $263.0 million.

2. Robust Capital Allocation and Healthy Financial Position.

The company demonstrated a strong commitment to shareholder returns and financial stability. For the full year 2025, Perdoceo's revenue grew by 24.2% to $846.1 million, and adjusted EPS increased to $2.61 from $2.26 in 2024. Net cash from operating activities significantly improved to $225.2 million in 2025, up from $161.6 million in 2024, culminating in a substantial cash and investments balance of $643.5 million by year-end. In 2025, the company repurchased 4.1 million shares for $120.8 million and authorized a new $100 million share repurchase program, alongside declaring a quarterly dividend of $0.15 per share in February 2026.

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Stock Movement Drivers

Fundamental Drivers

The 17.6% change in PRDO stock from 12/31/2025 to 4/29/2026 was primarily driven by a 12.9% change in the company's P/E Multiple.
(LTM values as of)123120254292026Change
Stock Price ($)29.2034.3417.6%
Change Contribution By: 
Total Revenues ($ Mil)8118464.3%
Net Income Margin (%)19.2%18.9%-1.8%
P/E Multiple12.113.712.9%
Shares Outstanding (Mil)65641.7%
Cumulative Contribution17.6%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/29/2026
ReturnCorrelation
PRDO17.6% 
Market (SPY)5.2%21.1%
Sector (XLY)-2.0%32.0%

Fundamental Drivers

The -7.9% change in PRDO stock from 9/30/2025 to 4/29/2026 was primarily driven by a -13.5% change in the company's P/E Multiple.
(LTM values as of)93020254292026Change
Stock Price ($)37.2934.34-7.9%
Change Contribution By: 
Total Revenues ($ Mil)76984610.0%
Net Income Margin (%)20.1%18.9%-5.9%
P/E Multiple15.813.7-13.5%
Shares Outstanding (Mil)65642.8%
Cumulative Contribution-7.9%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/29/2026
ReturnCorrelation
PRDO-7.9% 
Market (SPY)8.0%16.9%
Sector (XLY)-2.1%18.2%

Fundamental Drivers

The 38.9% change in PRDO stock from 3/31/2025 to 4/29/2026 was primarily driven by a 24.2% change in the company's Total Revenues ($ Mil).
(LTM values as of)33120254292026Change
Stock Price ($)24.7234.3438.9%
Change Contribution By: 
Total Revenues ($ Mil)68184624.2%
Net Income Margin (%)21.7%18.9%-12.8%
P/E Multiple11.013.724.0%
Shares Outstanding (Mil)66643.4%
Cumulative Contribution38.9%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/29/2026
ReturnCorrelation
PRDO38.9% 
Market (SPY)29.3%24.2%
Sector (XLY)19.3%25.5%

Fundamental Drivers

The 171.0% change in PRDO stock from 3/31/2023 to 4/29/2026 was primarily driven by a 53.8% change in the company's P/E Multiple.
(LTM values as of)33120234292026Change
Stock Price ($)12.6734.34171.0%
Change Contribution By: 
Total Revenues ($ Mil)69584621.7%
Net Income Margin (%)13.8%18.9%37.1%
P/E Multiple8.913.753.8%
Shares Outstanding (Mil)67645.6%
Cumulative Contribution171.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/29/2026
ReturnCorrelation
PRDO171.0% 
Market (SPY)81.5%23.2%
Sector (XLY)60.1%24.7%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PRDO Return-7%18%28%54%13%16%184%
Peers Return7%-23%11%15%-7%-35%-36%
S&P 500 Return27%-19%24%23%16%4%90%

Monthly Win Rates [3]
PRDO Win Rate42%42%58%50%42%75% 
Peers Win Rate35%42%52%52%43%45% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PRDO Max Drawdown-22%-15%-15%-4%-8%-1% 
Peers Max Drawdown-10%-35%-21%-22%-32%-40% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LOPE, FCHL, GV, LAUR, GHC.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/29/2026 (YTD)

How Low Can It Go

Unique KeyEventPRDOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-28.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven40.7%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven244 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-58.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven140.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven1,506 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-40.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven67.7%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven133 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-67.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven205.6%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven6,398 days1,480 days

Compare to LOPE, FCHL, GV, LAUR, GHC

In The Past

Perdoceo Education's stock fell -28.9% during the 2022 Inflation Shock from a high on 2/24/2021. A -28.9% loss requires a 40.7% gain to breakeven.

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About Perdoceo Education (PRDO)

Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences. The company also operates intellipath, a personalized learning platform; and a mobile application and two-way messaging platform. As of December 31, 2021, it had a total student enrollment of approximately 40,400 students. The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. Perdoceo Education Corporation was incorporated in 1994 and is based in Schaumburg, Illinois.

AI Analysis | Feedback

Here are 1-3 brief analogies to describe Perdoceo Education (PRDO):

  • It's like a University of Phoenix-style online university system, specializing in career-focused degrees.
  • Think of it as an online degree provider for career professionals, similar to Western Governors University (WGU) or Purdue Global (formerly Kaplan University).

AI Analysis | Feedback

  • Postsecondary Education Programs: Online, campus-based, and blended learning programs offering degrees and certifications in career-oriented disciplines such as business, nursing, technology, and criminal justice.
  • intellipath: A proprietary personalized learning platform designed to deliver adaptive educational content.
  • Mobile Application and Two-way Messaging Platform: Digital tools providing students with enhanced access to course materials and direct communication features.

AI Analysis | Feedback

Perdoceo Education Corporation (PRDO) primarily sells its educational services to individuals, rather than other companies. Its major customers are students enrolled in its postsecondary education programs. Based on the company description, these individual customers can be categorized as:

  1. Working Adults and Professionals Seeking Career Advancement: This category includes individuals who are already in the workforce and are pursuing additional education (degrees, certifications, or specialized skills) to enhance their current careers, gain promotions, or stay competitive within their fields. The company's online and blended learning formats are particularly attractive to this demographic, offering the flexibility needed to balance work and studies.
  2. Career Entrants and Changers: This segment comprises individuals who are either new to the workforce and seeking their initial postsecondary education to enter specific career fields (such as nursing, IT, engineering, or criminal justice), or those looking to transition into entirely new professions and require relevant qualifications and skills to do so.
  3. Individuals Seeking Specialized Professional Development: These customers are focused on acquiring specific, in-demand skills, knowledge, or certifications within various career-oriented disciplines for immediate application. While they may not always pursue a full degree, they are drawn to Perdoceo's programs for targeted skill enhancement and job market relevance.

AI Analysis | Feedback

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AI Analysis | Feedback

Todd S. Nelson, President and Chief Executive Officer

Todd S. Nelson was reappointed President and Chief Executive Officer of Perdoceo Education Corporation in November 2023, having previously served in this role from 2015 to January 2022, after which he became Executive Chairman. Mr. Nelson has a significant history in the for-profit education sector, having served as Chief Executive Officer of Education Management Corporation (EDMC) from 2007 to 2015. Prior to EDMC, he held various leadership positions, including Chairman, President, and Chief Executive Officer, at Apollo Group Inc. (parent company of the University of Phoenix) from 1987 to 2006. Under his leadership, both Apollo Group and EDMC experienced considerable enrollment and financial growth. Nelson resigned from Apollo Group in 2006 amidst allegations of illegal business practices. EDMC also faced allegations of illegal enrollment tactics and entered into a significant settlement related to violations of the False Claims Act. He earned a Bachelor of Science degree from Brigham Young University and an MBA from the University of Nevada, Reno.

Ashish R. Ghia, Senior Vice President and Chief Financial Officer

Ashish R. Ghia was appointed Senior Vice President and Chief Financial Officer in March 2018, having served as Interim Chief Financial Officer since September 2017. He joined Perdoceo Education in June 2008 and has held a progression of financial planning and analysis roles, including Vice President Finance and Vice President Financial Planning & Analysis. Mr. Ghia has also served as Assistant Treasurer of the Company since August 2016.

David C. Czeszewski, Senior Vice President and Chief Information Officer

David C. Czeszewski joined Perdoceo Education in 2001 and currently serves as Senior Vice President and Chief Information Officer. His previous roles within the company included Chief Technology Infrastructure Officer and CIO for Perdoceo Education's Online Education Group. Before joining Perdoceo, Mr. Czeszewski was Vice President of Product Development for Commerx, Inc., and has experience in the technology field dating back to 1986. He holds a bachelor's degree from Lake Forest College and an MBA from Dominican University.

Greg E. Jansen, Senior Vice President, General Counsel and Corporate Secretary

Greg E. Jansen serves as Senior Vice President, General Counsel and Corporate Secretary for Perdoceo Education Corporation.

John R. Kline, Senior Vice President, American InterContinental University System

John R. Kline is the Senior Vice President for the American InterContinental University System. He received a B.S. degree from Arizona State University.

AI Analysis | Feedback

The key risks to Perdoceo Education's business, trading under the symbol PRDO, are primarily rooted in its highly regulated operating environment, student enrollment challenges, and potential for significant reputational damage and litigation.

  1. Regulatory Scrutiny and Dependence on Federal Funding: Perdoceo Education operates within the heavily regulated for-profit education sector, making it highly vulnerable to changes in federal and state policies. A significant portion of its revenue is derived from federal student financial aid programs (Title IV funding). The company faces ongoing scrutiny from regulators, including investigations by the Departments of Education and Justice. Specific regulatory challenges include compliance with the 90/10 rule, which limits the percentage of revenue from federal student aid, and Gainful Employment regulations, which assess student debt burdens relative to earnings. Failure to comply with these and other extensive regulations could result in substantial financial penalties, severe restrictions on operations, or the critical loss of federal aid eligibility for its students or institutions. Allegations of "ghost student fraud" also heighten this risk, as the Department of Education has initiated a federal crackdown on financial aid fraud, including enhanced identity verification, which could directly impact Perdoceo's eligibility and operations.

  2. Student Enrollment Challenges: Perdoceo Education faces risks related to declining student enrollment and intensifying competition. The company has experienced consistent year-over-year enrollment declines. The broader for-profit education sector is also in a structural decline, grappling with negative public perception. The competitive landscape is escalating, with both traditional and online institutions expanding their educational offerings, which can pressure Perdoceo to reduce tuition rates or increase marketing expenses, impacting profitability. Furthermore, the "ghost student fraud" allegations, suggesting the company may be inflating enrollment numbers with non-existent students, pose a significant threat. If these allegations are proven true or if stricter identity verification processes are implemented, Perdoceo could see a substantial drop in reported enrollment and associated revenue.

  3. Reputational Damage and Litigation: The highly scrutinized nature of the for-profit education industry exposes Perdoceo to significant reputational damage and litigation risk. Allegations such as the "ghost student fraud" could severely impact the company's brand, student recruitment, and financial standing if substantiated. Perdoceo has historically faced accusations of deceptive marketing and misleading students, which led to reputational damage and operational changes. Any further legal challenges, including those related to federal student aid regulations like the False Claims Act, or other state/federal regulatory matters, could result in costly litigation, fines, and further erode public trust, making it more difficult to attract and retain students.

AI Analysis | Feedback

  • Increasing competition from traditional non-profit and public universities that have significantly expanded their online degree programs and improved their remote learning infrastructure, potentially offering similar career-oriented programs with greater brand recognition and potentially lower costs.
  • The growth of alternative credentialing, skills-based training, and specialized bootcamps in career-oriented fields like technology and healthcare, which offer faster, more affordable pathways to specific job skills, potentially diverting students away from traditional degree programs.

AI Analysis | Feedback

Addressable Markets for Perdoceo Education (PRDO)

Perdoceo Education Corporation (PRDO) primarily offers postsecondary education through online, campus-based, and blended learning programs in the United States. Its main products and services revolve around providing academic programs in career-oriented disciplines, with a significant focus on online delivery through institutions like Colorado Technical University and American InterContinental University.

United States Higher Education Market

The overall higher education market in the United States represents a significant addressable market for Perdoceo. This market is projected to reach an estimated revenue of approximately US$ 370.4 billion by 2030, growing at a compound annual growth rate (CAGR) of 9.8% from 2024. In 2023, the U.S. higher education market generated a revenue of USD 192,918.6 million. The U.S. post-secondary market encompasses over 6,000 institutions serving more than 25 million students.

United States Online Education Market

Given Perdoceo's strong emphasis on online and blended learning programs, the e-learning (online education) market in the United States is a particularly relevant addressable market. The United States e-learning market size was valued at USD 145.52 billion in 2025 and is projected to reach USD 302.18 billion by 2034, exhibiting a CAGR of 8.46% from 2026-2034. Another estimate suggests the U.S. e-learning market is expected to reach USD 278.3 billion by 2032. The online higher education market specifically in the U.S. is a growing segment, valued at over $20 billion currently and forecast to reach $74 billion globally by 2025, with the U.S. being the largest market.

AI Analysis | Feedback

Perdoceo Education (NASDAQ: PRDO) is poised for future revenue growth over the next 2-3 years, driven by several strategic initiatives and operational strengths:

Expected Drivers of Future Revenue Growth:

  • Strategic Acquisition and Expansion into Health Sciences: The acquisition of the University of St. Augustine for Health Sciences (USAHS), finalized in late 2024, is a significant driver. This move diversifies Perdoceo's academic programs, contributing substantially to revenue and expanding its reach into high-value healthcare graduate programs, including physical therapy, occupational therapy, and speech-language therapy. New program rollouts within physical and occupational therapy at USAHS are expected to support revenue growth in 2026.
  • Organic Student Enrollment Growth: Perdoceo anticipates continued organic growth in student enrollments at its core institutions, Colorado Technical University (CTU) and American InterContinental University System (AIUS). CTU has demonstrated consistent enrollment growth, partly fueled by corporate engagement programs. While AIUS experienced declines due to operational changes in 2023, the negative impact on revenue is expected to significantly diminish in the second half of 2024, with a return to growth projected, supported by strong student retention and engagement trends.
  • Investments in Technology and Personalized Learning: The company's commitment to technological innovation, including its personalized learning platform intellipath® and the integration of data analytics and artificial intelligence, is expected to drive revenue growth. These investments aim to enhance student outcomes, improve academic experiences, and increase the efficiency of student support functions, thereby improving student retention and attracting new students.
  • Enhanced Student Retention and Engagement: Perdoceo is focused on maintaining and improving high levels of student retention and engagement across CTU and AIUS. Initiatives designed to enhance student success are crucial for expanding the student population and are a key factor in the company's growth projections.

AI Analysis | Feedback

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Share Repurchases

  • Perdoceo Education repurchased 4.1 million shares of common stock for approximately $120.8 million during the year ended December 31, 2025.
  • On January 2, 2026, a new stock repurchase program was authorized for up to $100 million, replacing a previous $75 million program and expiring on June 30, 2027.
  • Under the prior $75 million program, approximately 2.5 million shares were repurchased for $74.8 million.

Share Issuance

  • The number of shares outstanding for Perdoceo Education has generally decreased over the last several years, indicating share repurchases rather than significant issuance. For example, shares outstanding decreased by 1.63% in 2025 and 2.28% in 2023.

Outbound Investments

  • In 2022, Perdoceo Education acquired Coding Dojo and California Southern University for a total upfront cash consideration of $84 million.
  • The company's revenue increased by 24.2% in 2025, primarily due to the acquisition of the University of St. Augustine for Health Sciences (USAHS) and growth in student enrollments at Colorado Technical University.
  • The acquisition of USAHS, pending as of November 2024, was expected to enhance Perdoceo's offerings in the health sciences field and contribute positively to operating income from 2025.

Capital Expenditures

  • Capital expenditures were $8.6 million for the year ended December 31, 2025, representing 1.0% of revenue, and are expected to increase to approximately 1.5% of revenue for the year ending December 31, 2026.
  • Capital expenditures were $4.6 million in 2024 and $6.4 million in 2023.
  • Capital expenditures are primarily focused on investing in organic projects at the universities, particularly technology-related initiatives designed to benefit students, including a multi-year project finalized in 2023 to enhance student technology infrastructure.
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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PRDOLOPEFCHLGVLAURGHCMedian
NamePerdoceo.Grand Ca.Fitness .VisionaryLaureate.Graham  
Mkt Price34.34169.260.140.2031.591,150.0032.97
Mkt Cap2.24.6--4.65.04.6
Rev LTM8461,106--1,7024,9121,404
Op Inc LTM225303--431247275
FCF LTM217239--263275251
FCF 3Y Avg160230--206255218
CFO LTM225273--366347310
CFO 3Y Avg166269--283338276

Growth & Margins

PRDOLOPEFCHLGVLAURGHCMedian
NamePerdoceo.Grand Ca.Fitness .VisionaryLaureate.Graham  
Rev Chg LTM24.2%7.1%--8.6%2.5%7.9%
Rev Chg 3Y Avg7.4%6.7%--11.2%7.8%7.6%
Rev Chg Q20.0%5.3%--27.9%0.4%12.6%
QoQ Delta Rev Chg LTM4.3%1.4%--7.4%0.1%2.9%
Op Inc Chg LTM6.2%9.4%--15.3%-6.8%7.8%
Op Inc Chg 3Y Avg9.0%8.5%--17.1%9.9%9.5%
Op Mgn LTM26.7%27.4%--25.3%5.0%26.0%
Op Mgn 3Y Avg28.6%26.7%--24.1%4.8%25.4%
QoQ Delta Op Mgn LTM-1.3%0.2%--1.6%-0.8%-0.3%
CFO/Rev LTM26.6%24.7%--21.5%7.1%23.1%
CFO/Rev 3Y Avg22.0%26.1%--17.8%7.2%19.9%
FCF/Rev LTM25.6%21.6%--15.5%5.6%18.5%
FCF/Rev 3Y Avg21.2%22.2%--12.9%5.4%17.1%

Valuation

PRDOLOPEFCHLGVLAURGHCMedian
NamePerdoceo.Grand Ca.Fitness .VisionaryLaureate.Graham  
Mkt Cap2.24.6--4.65.04.6
P/S2.64.2--2.71.02.6
P/Op Inc9.715.3--10.720.213.0
P/EBIT9.815.0--11.28.810.5
P/E13.721.5--16.417.116.7
P/CFO9.717.0--12.614.413.5
Total Yield9.0%4.7%--6.1%6.2%6.1%
Dividend Yield1.7%0.0%--0.0%0.3%0.2%
FCF Yield 3Y Avg9.9%5.2%--6.7%6.6%6.7%
D/E0.10.0--0.10.30.1
Net D/E-0.2-0.0--0.1-0.0-0.0

Returns

PRDOLOPEFCHLGVLAURGHCMedian
NamePerdoceo.Grand Ca.Fitness .VisionaryLaureate.Graham  
1M Rtn-7.6%0.7%-90.9%-11.0%-6.8%9.7%-7.2%
3M Rtn8.5%-3.2%-39.0%-84.0%-7.6%0.9%-5.4%
6M Rtn0.1%-17.1%-98.2%-86.8%9.4%10.7%-8.5%
12M Rtn38.7%-4.9%-99.8%-90.4%55.2%24.9%10.0%
3Y Rtn180.4%42.6%-99.8%-98.7%168.7%105.0%73.8%
1M Excs Rtn-20.1%-11.7%-103.4%-23.5%-19.3%-2.8%-19.7%
3M Excs Rtn6.2%-5.5%-41.2%-86.2%-9.8%-1.3%-7.7%
6M Excs Rtn-10.1%-26.3%-101.6%-90.8%1.8%7.8%-18.2%
12M Excs Rtn11.0%-32.9%-128.8%-119.3%31.0%-3.5%-18.2%
3Y Excs Rtn103.3%-26.9%-172.3%-170.4%105.0%29.4%1.3%

Comparison Analyses

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Financials

Segment Financials

Assets by Segment
$ Mil20252024202320222021
Corporate and Other590643524543483
University of St. Augustine for Health Sciences (USAHS)307    
Colorado Technical University (CTU)19020324815397
The American InterContinental University System (AIUS)150161186151142
Total1,2371,007957847722


Price Behavior

Price Behavior
Market Price$34.34 
Market Cap ($ Bil)2.2 
First Trading Date01/29/1998 
Distance from 52W High-9.5% 
   50 Days200 Days
DMA Price$34.93$32.40
DMA Trendupup
Distance from DMA-1.7%6.0%
 3M1YR
Volatility32.4%37.7%
Downside Capture0.360.09
Upside Capture81.1049.54
Correlation (SPY)17.8%17.2%
PRDO Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta0.240.600.730.440.490.59
Up Beta-0.73-0.670.550.680.630.70
Down Beta0.37-0.050.020.210.410.63
Up Capture166%222%220%48%47%36%
Bmk +ve Days7162765139424
Stock +ve Days17293870132396
Down Capture-60%22%34%49%24%53%
Bmk -ve Days12233358110323
Stock -ve Days5122354117343

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PRDO
PRDO40.3%37.6%0.96-
Sector ETF (XLY)19.2%18.8%0.8018.3%
Equity (SPY)31.5%12.5%1.9317.1%
Gold (GLD)35.2%27.2%1.09-3.9%
Commodities (DBC)46.7%18.1%1.99-10.9%
Real Estate (VNQ)12.8%13.4%0.6517.5%
Bitcoin (BTCUSD)-19.6%42.1%-0.404.3%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PRDO
PRDO25.3%35.1%0.71-
Sector ETF (XLY)6.7%23.7%0.2427.5%
Equity (SPY)13.1%17.1%0.6028.9%
Gold (GLD)20.1%17.8%0.921.1%
Commodities (DBC)14.6%19.1%0.632.8%
Real Estate (VNQ)3.4%18.8%0.0826.7%
Bitcoin (BTCUSD)8.1%56.2%0.368.2%

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Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PRDO
PRDO21.5%38.5%0.62-
Sector ETF (XLY)12.5%22.0%0.5232.1%
Equity (SPY)14.9%17.9%0.7134.6%
Gold (GLD)13.4%15.9%0.700.0%
Commodities (DBC)9.6%17.7%0.4511.7%
Real Estate (VNQ)5.5%20.7%0.2330.6%
Bitcoin (BTCUSD)67.5%66.9%1.075.5%

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Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity3.5 Mil
Short Interest: % Change Since 33120266.6%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest6.6 days
Basic Shares Quantity63.6 Mil
Short % of Basic Shares5.5%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/19/20264.2%6.2%10.1%
11/4/2025-2.0%1.7%-8.4%
7/31/20253.2%7.2%13.8%
5/1/202522.5%19.7%36.0%
2/18/2025-5.9%-11.5%-13.5%
11/12/202412.4%6.2%10.3%
7/31/2024-0.8%-11.1%-9.3%
5/1/202431.5%30.3%23.3%
...
SUMMARY STATS   
# Positive121214
# Negative121210
Median Positive8.6%7.5%12.0%
Median Negative-3.9%-6.0%-8.9%
Max Positive31.5%30.3%36.0%
Max Negative-7.8%-16.0%-14.9%

SEC Filings

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Report DateFiling DateFiling
12/31/202502/19/202610-K
09/30/202511/04/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/18/202510-K
09/30/202411/12/202410-Q
06/30/202407/31/202410-Q
03/31/202405/01/202410-Q
12/31/202302/21/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202211/07/202210-Q
06/30/202208/08/202210-Q
03/31/202205/05/202210-Q

Recent Forward Guidance [BETA]

Latest: Q4 2025 Earnings Reported 2/19/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q1 2026 Operating Income58.60 Mil59.60 Mil60.60 Mil52.4% Higher NewGuidance: 39.10 Mil for Q4 2025
Q1 2026 Adjusted Operating Income68.00 Mil69.00 Mil70.00 Mil41.1% Higher NewGuidance: 48.90 Mil for Q4 2025
Q1 2026 Earnings Per Diluted Share0.780.790.861.2% Higher NewGuidance: 0.49 for Q4 2025
Q1 2026 Adjusted Earnings Per Diluted Share0.830.840.8555.6% Higher NewGuidance: 0.54 for Q4 2025
2026 Operating Income212.80 Mil219.30 Mil225.80 Mil13.5% Higher NewGuidance: 193.20 Mil for 2025
2026 Adjusted Operating Income250.00 Mil256.50 Mil263.00 Mil9.2% Higher NewGuidance: 235.00 Mil for 2025
2026 Earnings Per Diluted Share2.782.852.9321.0% Higher NewGuidance: 2.36 for 2025
2026 Adjusted Earnings Per Diluted Share2.973.043.1219.4% Higher NewGuidance: 2.55 for 2025

Prior: Q3 2025 Earnings Reported 11/4/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q4 2025 Operating Income38.10 Mil39.10 Mil40.10 Mil   
Q4 2025 Adjusted Operating Income47.90 Mil48.90 Mil49.90 Mil   
Q4 2025 Earnings Per Diluted Share0.480.490.5   
Q4 2025 Adjusted Earnings Per Diluted Share0.530.540.55   
2025 Operating Income192.20 Mil193.20 Mil194.20 Mil1.3% RaisedGuidance: 190.80 Mil for 2025
2025 Adjusted Operating Income234.00 Mil235.00 Mil236.00 Mil0.9% RaisedGuidance: 233.00 Mil for 2025
2025 Earnings Per Diluted Share2.352.362.371.5% RaisedGuidance: 2.33 for 2025
2025 Adjusted Earnings Per Diluted Share2.542.552.561.4% RaisedGuidance: 2.52 for 2025

Insider Activity

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#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Jansen, Greg ESVP, General CounselDirectSell407202638.0030,1581,146,0043,152,860Form
2Nelson, Todd SPresident and CEODirectSell325202636.654,387160,78412,753,504Form
3Ghia, Ashish RCFODirectSell325202637.0011,089410,2935,350,274Form
4Nelson, Todd SPresident and CEODirectSell325202636.4840,0001,459,20012,854,385Form
5Nelson, Todd SPresident and CEODirectSell325202635.2440,0001,409,60013,827,048Form