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Perdoceo Education (PRDO)


Market Price (6/17/2026): $32.16 | Market Cap: $2.0 BilSector: Consumer Discretionary | Industry: Education Services

Perdoceo Education (PRDO)


Market Price (6/17/2026): $32.16
Market Cap: $2.0 Bil
Sector: Consumer Discretionary
Industry: Education Services

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

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Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 11%

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 -28%

Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28%

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 31%

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 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.2%, FCF Yield is 11%
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 -28%
2 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 18%
3 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 28%
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 31%
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

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 6/15/2026

Perdoceo Education (PRDO) stock has lost about 5% since 2/28/2026 because of the following key factors:

1. Solid Q1 2026 Earnings Performance and Raised Full-Year Guidance Met With Modest Market Reaction. Perdoceo Education reported diluted earnings per share (EPS) of $0.85 for fiscal Q1 2026, marking a 30.8% increase year-over-year, with adjusted EPS reaching $0.90, surpassing analyst consensus estimates of $0.84-$0.86. Revenue for the quarter rose 4.1% year-over-year to $221.7 million, generally aligning with or slightly exceeding expectations. The company also raised its full-year 2026 adjusted diluted EPS guidance to a range of $3.05 to $3.16, representing a 19% increase at the midpoint compared to 2025. Despite these strong results, the stock showed only a modest increase of 1.16% immediately following the Q1 earnings release, suggesting the positive news was largely anticipated or already factored into the stock's valuation, leading to a largely stable trend rather than a significant breakout.

2. Mixed Student Enrollment Trends Across Institutions. As of March 31, 2026, total student enrollments at Perdoceo's institutions increased by a modest 1.1% year-over-year. This growth was primarily driven by a 1.9% increase at Colorado Technical University (CTU) and a 3.1% rise at the University of St. Augustine for Health Sciences (USAHS). However, this positive momentum was partially offset by an anticipated 2.2% decline in enrollment within the American InterContinental University System (AIUS). This mixed performance across the company's academic segments likely tempered overall investor enthusiasm, contributing to the stock remaining at a relatively consistent level during the specified period.

Show more
Updated on 6/15/2026

Perdoceo Education (PRDO) stock has lost about 5% since 2/28/2026 because of the following key factors:

1. Solid Q1 2026 Earnings Performance and Raised Full-Year Guidance Met With Modest Market Reaction. Perdoceo Education reported diluted earnings per share (EPS) of $0.85 for fiscal Q1 2026, marking a 30.8% increase year-over-year, with adjusted EPS reaching $0.90, surpassing analyst consensus estimates of $0.84-$0.86. Revenue for the quarter rose 4.1% year-over-year to $221.7 million, generally aligning with or slightly exceeding expectations. The company also raised its full-year 2026 adjusted diluted EPS guidance to a range of $3.05 to $3.16, representing a 19% increase at the midpoint compared to 2025. Despite these strong results, the stock showed only a modest increase of 1.16% immediately following the Q1 earnings release, suggesting the positive news was largely anticipated or already factored into the stock's valuation, leading to a largely stable trend rather than a significant breakout.

2. Mixed Student Enrollment Trends Across Institutions. As of March 31, 2026, total student enrollments at Perdoceo's institutions increased by a modest 1.1% year-over-year. This growth was primarily driven by a 1.9% increase at Colorado Technical University (CTU) and a 3.1% rise at the University of St. Augustine for Health Sciences (USAHS). However, this positive momentum was partially offset by an anticipated 2.2% decline in enrollment within the American InterContinental University System (AIUS). This mixed performance across the company's academic segments likely tempered overall investor enthusiasm, contributing to the stock remaining at a relatively consistent level during the specified period.

3. Consistent Analyst Ratings and Price Targets. Analyst sentiment for Perdoceo Education remained stable, with a consensus rating of "Moderate Buy" from Wall Street analysts. The average 12-month price target for PRDO was $44.00, indicating an upside potential of approximately 29.26% from the closing price of $34.04 on June 12, 2026. For example, Barrington Research issued a "Buy" rating with a $42 price target on April 27, 2026. While these ratings suggest future growth potential, the consistency of the targets within the analysis period, without significant upgrades or downgrades, contributed to the stock trading within a defined range as it approaches these expected valuations.

4. Strategic Shareholder Returns and Strong Financial Position. Perdoceo demonstrated a commitment to returning capital to shareholders, including approximately $18 million through quarterly dividends and stock repurchases during fiscal Q1 2026. The company also declared a quarterly dividend of $0.15 per share, payable on June 12, 2026. This capital allocation strategy is supported by a robust cash position, with $680 million in cash and equivalents. These ongoing shareholder returns and strong financial health likely provided underlying support for the stock price, preventing significant downward movement, but in the absence of new, major growth catalysts, this also contributed to the stock consolidating at its current levels.

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Stock Movement Drivers

Fundamental Drivers

The -2.7% change in PRDO stock from 2/28/2026 to 6/16/2026 was primarily driven by a -10.1% change in the company's P/E Multiple.
(LTM values as of)22820266162026Change
Stock Price ($)33.0532.16-2.7%
Change Contribution By: 
Total Revenues ($ Mil)8468551.0%
Net Income Margin (%)18.9%19.9%5.3%
P/E Multiple13.111.8-10.1%
Shares Outstanding (Mil)64621.7%
Cumulative Contribution-2.7%

LTM = Last Twelve Months as of date shown

Market Drivers

2/28/2026 to 6/16/2026
ReturnCorrelation
PRDO-2.7% 
Market (SPY)9.7%-1.5%
Sector (XLY)1.6%4.1%

Fundamental Drivers

The 16.1% change in PRDO stock from 11/30/2025 to 6/16/2026 was primarily driven by a 5.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)113020256162026Change
Stock Price ($)27.7132.1616.1%
Change Contribution By: 
Total Revenues ($ Mil)8118555.4%
Net Income Margin (%)19.2%19.9%3.5%
P/E Multiple11.511.82.9%
Shares Outstanding (Mil)65623.4%
Cumulative Contribution16.1%

LTM = Last Twelve Months as of date shown

Market Drivers

11/30/2025 to 6/16/2026
ReturnCorrelation
PRDO16.1% 
Market (SPY)10.4%11.7%
Sector (XLY)0.6%19.7%

Fundamental Drivers

The -3.7% change in PRDO stock from 5/31/2025 to 6/16/2026 was primarily driven by a -18.2% change in the company's P/E Multiple.
(LTM values as of)53120256162026Change
Stock Price ($)33.4032.16-3.7%
Change Contribution By: 
Total Revenues ($ Mil)72685517.7%
Net Income Margin (%)20.9%19.9%-4.8%
P/E Multiple14.411.8-18.2%
Shares Outstanding (Mil)66625.1%
Cumulative Contribution-3.7%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2025 to 6/16/2026
ReturnCorrelation
PRDO-3.7% 
Market (SPY)28.8%8.3%
Sector (XLY)11.7%12.9%

Fundamental Drivers

The 190.5% change in PRDO stock from 5/31/2023 to 6/16/2026 was primarily driven by a 55.9% change in the company's P/E Multiple.
(LTM values as of)53120236162026Change
Stock Price ($)11.0732.16190.5%
Change Contribution By: 
Total Revenues ($ Mil)70885520.8%
Net Income Margin (%)13.9%19.9%43.4%
P/E Multiple7.611.855.9%
Shares Outstanding (Mil)67627.6%
Cumulative Contribution190.5%

LTM = Last Twelve Months as of date shown

Market Drivers

5/31/2023 to 6/16/2026
ReturnCorrelation
PRDO190.5% 
Market (SPY)86.6%22.5%
Sector (XLY)60.1%24.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PRDO Return-7%18%28%54%13%11%173%
Peers Return1%-25%53%21%3%-23%11%
S&P 500 Return27%-19%24%23%16%10%101%

Monthly Win Rates [3]
PRDO Win Rate42%42%58%50%42%67% 
Peers Win Rate38%43%53%53%50%50% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
PRDO Max Drawdown-29%-27%-25%-18%-27%-15% 
Peers Max Drawdown-19%-41%-32%-34%-43%-38% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LOPE, GV, DUOL, 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 6/16/2026 (YTD)

How Low Can It Go

EventPRDOS&P 500
2025 US Tariff Shock
  % Loss-10.2%-18.8%
  % Gain to Breakeven11.4%23.1%
  Time to Breakeven50 days79 days
2023 SVB Regional Banking Crisis
  % Loss-17.9%-6.7%
  % Gain to Breakeven21.8%7.1%
  Time to Breakeven65 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-17.0%-24.5%
  % Gain to Breakeven20.5%32.4%
  Time to Breakeven63 days427 days
2020 COVID-19 Crash
  % Loss-56.7%-33.7%
  % Gain to Breakeven131.0%50.9%
  Time to Breakeven1309 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.8%-19.2%
  % Gain to Breakeven29.5%23.8%
  Time to Breakeven56 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-41.2%-12.2%
  % Gain to Breakeven70.0%13.9%
  Time to Breakeven19 days62 days

Compare to LOPE, GV, DUOL, LAUR, GHC

In The Past

Perdoceo Education's stock fell -10.2% during the 2025 US Tariff Shock. Such a loss loss requires a 11.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventPRDOS&P 500
2020 COVID-19 Crash
  % Loss-56.7%-33.7%
  % Gain to Breakeven131.0%50.9%
  Time to Breakeven1309 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-22.8%-19.2%
  % Gain to Breakeven29.5%23.8%
  Time to Breakeven56 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-41.2%-12.2%
  % Gain to Breakeven70.0%13.9%
  Time to Breakeven19 days62 days
2014-2016 Oil Price Collapse
  % Loss-57.2%-6.8%
  % Gain to Breakeven133.6%7.3%
  Time to Breakeven76 days15 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-48.5%-17.9%
  % Gain to Breakeven94.3%21.8%
  Time to Breakeven4595 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-35.5%-15.4%
  % Gain to Breakeven55.0%18.2%
  Time to Breakeven5444 days125 days
2008-2009 Global Financial Crisis
  % Loss-54.3%-53.4%
  % Gain to Breakeven118.8%114.4%
  Time to Breakeven345 days1085 days
Summer 2007 Credit Crunch
  % Loss-22.1%-8.6%
  % Gain to Breakeven28.4%9.5%
  Time to Breakeven31 days47 days

Compare to LOPE, GV, DUOL, LAUR, GHC

In The Past

Perdoceo Education's stock fell -10.2% during the 2025 US Tariff Shock. Such a loss loss requires a 11.4% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Perdoceo Education (PRDO)

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Perdoceo Education Corporation (PRDO) is a publicly traded company that provides postsecondary education in the United States. It operates as a for-profit education provider, primarily delivering career-oriented academic programs through online, and some campus-based or blended learning formats. The company’s core operations are managed through two main university segments: Colorado Technical University (CTU) and American InterContinental University (AIU).

Perdoceo's main products and services are degree and certificate programs across various career-focused disciplines. These include business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice. The company enhances its educational offerings with proprietary technology such as its intellipath personalized learning platform and a dedicated mobile application for student engagement.

The primary customers of Perdoceo Education are individuals in the United States seeking higher education to advance their careers and enhance professional skills. As of December 31, 2021, the company served approximately 40,400 students across its institutions.

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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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Peer Comparisons

Peers to compare with:

Financials

PRDOLOPEGVDUOLLAURGHCMedian
NamePerdoceo.Grand Ca.VisionaryDuolingo Laureate.Graham  
Mkt Price32.16144.390.22128.0735.741,146.1881.91
Mkt Cap2.03.9-6.05.15.05.0
Rev LTM8551,126-1,0991,7384,9821,126
Op Inc LTM235311-157417277277
FCF LTM221260-405264293264
FCF 3Y Avg181238-295217271238
CFO LTM230294-433370369369
CFO 3Y Avg188277-316295353295

Growth & Margins

PRDOLOPEGVDUOLLAURGHCMedian
NamePerdoceo.Grand Ca.VisionaryDuolingo Laureate.Graham  
Rev Chg LTM17.7%7.4%-35.5%13.8%3.7%13.8%
Rev Chg 3Y Avg6.8%7.1%-39.6%10.9%7.3%7.3%
Rev Chg Q4.1%6.7%-26.5%15.4%6.0%6.7%
QoQ Delta Rev Chg LTM1.0%1.8%-5.9%2.1%1.4%1.8%
Op Inc Chg LTM8.2%10.7%-124.4%19.2%-0.2%10.7%
Op Inc Chg 3Y Avg11.1%9.8%-246.5%14.9%15.0%14.9%
Op Mgn LTM27.5%27.6%-14.2%24.0%5.6%24.0%
Op Mgn 3Y Avg28.8%26.9%-8.3%23.1%5.1%23.1%
QoQ Delta Op Mgn LTM0.8%0.2%-1.2%-1.4%0.5%0.5%
CFO/Rev LTM26.8%26.1%-39.4%21.3%7.4%26.1%
CFO/Rev 3Y Avg24.8%26.4%-37.6%18.4%7.4%24.8%
FCF/Rev LTM25.8%23.1%-36.9%15.2%5.9%23.1%
FCF/Rev 3Y Avg23.9%22.6%-35.0%13.6%5.6%22.6%

Valuation

PRDOLOPEGVDUOLLAURGHCMedian
NamePerdoceo.Grand Ca.VisionaryDuolingo Laureate.Graham  
Mkt Cap2.03.9-6.05.15.05.0
P/S2.43.4-5.52.91.02.9
P/Op Inc8.512.4-38.312.217.912.4
P/EBIT8.612.3-38.312.69.712.3
P/E11.817.6-14.218.216.716.7
P/CFO8.813.1-13.813.713.513.5
Total Yield10.4%5.7%-7.0%5.5%6.3%6.3%
Dividend Yield1.9%0.0%-0.0%0.0%0.3%0.0%
FCF Yield 3Y Avg11.1%5.3%-4.3%6.7%6.6%6.6%
D/E0.10.0-0.00.10.30.1
Net D/E-0.3-0.0--0.20.10.0-0.0

Returns

PRDOLOPEGVDUOLLAURGHCMedian
NamePerdoceo.Grand Ca.VisionaryDuolingo Laureate.Graham  
1M Rtn-5.0%-8.5%-9.6%14.3%11.3%4.9%-0.1%
3M Rtn-8.0%-13.9%-47.5%22.7%4.4%6.5%-1.8%
6M Rtn10.1%-12.6%-84.1%-31.4%6.5%3.7%-4.5%
12M Rtn3.0%-22.7%-88.5%-73.0%59.6%20.4%-9.8%
3Y Rtn172.9%40.2%-97.2%-16.2%220.3%106.0%73.1%
1M Excs Rtn-6.4%-9.9%-11.0%12.9%9.9%3.5%-1.5%
3M Excs Rtn-19.8%-25.7%-59.4%10.9%-7.5%-5.3%-13.6%
6M Excs Rtn2.4%-18.0%-94.8%-44.8%1.2%-7.2%-12.6%
12M Excs Rtn-22.7%-47.6%-113.7%-98.9%35.9%-2.7%-35.2%
3Y Excs Rtn101.9%-38.4%-171.4%-92.5%133.3%29.9%-4.2%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Colorado Technical University (CTU)462457469420409
The American InterContinental University System (AIUS)226214240274283
University of St. Augustine for Health Sciences (USAHS)15810   
Corporate and Other11111
Total846681710695693


Operating Income by Segment
$ Mil20252024202320222021
Colorado Technical University (CTU)181171144142148
The American InterContinental University System (AIUS)3636453339
University of St. Augustine for Health Sciences (USAHS)3-3   
Corporate and Other-24-31-39-45-39
Total196174150130149


Assets by Segment
$ Mil20252024202320222021
Corporate and Other617590643524543
University of St. Augustine for Health Sciences (USAHS)288307   
Colorado Technical University (CTU)172190203248153
The American InterContinental University System (AIUS)171150161186151
Total1,2481,2371,007957847


Price Behavior

Price Behavior
Market Price$32.16 
Market Cap ($ Bil)2.0 
First Trading Date01/29/1998 
Distance from 52W High-14.9% 
   50 Days200 Days
DMA Price$34.28$32.90
DMA Trendupdown
Distance from DMA-6.2%-2.2%
 3M1YR
Volatility33.6%31.3%
Downside Capture48.7532.41
Upside Capture1.0227.00
Correlation (SPY)4.1%9.1%
PRDO Betas & Captures as of 5/31/2026

 1M2M3M6M1Y3Y
Beta1.000.640.220.490.330.59
Up Beta1.030.300.080.070.460.70
Down Beta2.832.820.400.410.240.62
Up Capture-5%-17%12%75%16%34%
Bmk +ve Days13283667141432
Stock +ve Days7183569127399
Down Capture153%212%38%62%47%58%
Bmk -ve Days7132757109318
Stock -ve Days13232853120342

[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
PRDO2.9%31.2%0.11-
Sector ETF (XLY)12.8%18.3%0.5214.0%
Equity (SPY)27.2%12.4%1.669.1%
Gold (GLD)25.8%27.4%0.82-6.6%
Commodities (DBC)23.3%18.9%0.98-9.9%
Real Estate (VNQ)13.6%13.5%0.6914.6%
Bitcoin (BTCUSD)-37.7%42.4%-1.004.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PRDO
PRDO22.2%35.2%0.63-
Sector ETF (XLY)7.6%23.8%0.2726.7%
Equity (SPY)13.8%17.1%0.6327.9%
Gold (GLD)17.6%18.2%0.780.2%
Commodities (DBC)7.8%19.4%0.302.9%
Real Estate (VNQ)2.5%18.8%0.0426.5%
Bitcoin (BTCUSD)12.1%54.2%0.428.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with PRDO
PRDO19.6%38.1%0.58-
Sector ETF (XLY)12.7%22.1%0.5332.0%
Equity (SPY)15.4%18.0%0.7334.4%
Gold (GLD)12.8%16.1%0.66-0.0%
Commodities (DBC)6.2%18.0%0.2712.3%
Real Estate (VNQ)5.6%20.7%0.2330.7%
Bitcoin (BTCUSD)60.7%66.8%1.005.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date5292026
Short Interest: Shares Quantity4.5 Mil
Short Interest: % Change Since 515202622.8%
Average Daily Volume0.8 Mil
Days-to-Cover Short Interest5.9 days
Basic Shares Quantity62.5 Mil
Short % of Basic Shares7.2%

Earnings Returns History

Updated 6/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20264.6%1.7%-0.6%
2/19/20264.2%5.7%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%
...
SUMMARY STATS   
# Positive121213
# Negative121211
Median Positive4.7%7.0%10.3%
Median Negative-3.9%-6.0%-8.4%
Max Positive31.5%30.3%36.0%
Max Negative-7.8%-16.0%-14.9%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
5/7/20264.6%1.7%-0.6%
2/19/20264.2%5.7%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%
2/21/20240.4%3.7%6.1%
11/2/2023-5.5%-7.5%-4.0%
8/3/202314.3%19.3%25.6%
5/4/2023-4.1%-2.8%-2.3%
2/23/2023-0.9%-0.1%-5.4%
11/7/202214.0%17.3%18.4%
8/8/2022-6.2%-4.1%-14.9%
5/5/2022-3.1%-6.5%1.6%
2/24/20223.1%6.8%16.6%
11/4/20214.4%-2.3%3.2%
8/5/2021-3.6%-5.5%-9.9%
5/6/2021-0.1%-1.0%4.4%
2/24/2021-5.9%-16.0%-12.1%
11/5/2020-7.8%-6.6%1.8%
8/6/20204.8%7.7%-4.4%
SUMMARY STATS   
# Positive121213
# Negative121211
Median Positive4.7%7.0%10.3%
Median Negative-3.9%-6.0%-8.4%
Max Positive31.5%30.3%36.0%
Max Negative-7.8%-16.0%-14.9%

SEC Filings

Expand for More
Report DateFiling DateFiling
03/31/202605/07/202610-Q
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
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/07/202610-Q
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
12/31/202102/24/202210-K
09/30/202111/04/202110-Q
06/30/202108/05/202110-Q
03/31/202105/06/202110-Q
12/31/202002/24/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201902/19/202010-K
09/30/201911/06/201910-Q
06/30/201908/07/201910-Q

Recent Forward Guidance

Updated 6/1/2026

Latest: Q1 2026 Earnings Reported 5/7/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
Q2 2026 Operating Income53.60 Mil54.10 Mil54.60 Mil-9.2% LoweredGuidance: 59.60 Mil for Q1 2026
Q2 2026 Adjusted Operating Income63.00 Mil63.50 Mil64.00 Mil-8.0% LoweredGuidance: 69.00 Mil for Q1 2026
Q2 2026 EPS0.740.740.75-5.7% LoweredGuidance: 0.79 for Q1 2026
Q2 2026 Adjusted EPS0.790.80.8-5.4% LoweredGuidance: 0.84 for Q1 2026
2026 Operating Income217.10 Mil221.60 Mil226.10 Mil1.0% RaisedGuidance: 219.30 Mil for 2026
2026 Adjusted Operating Income254.00 Mil258.50 Mil263.00 Mil0.8% RaisedGuidance: 256.50 Mil for 2026
2026 EPS2.862.922.972.1% RaisedGuidance: 2.85 for 2026
2026 Adjusted EPS3.053.13.162.0% RaisedGuidance: 3.04 for 2026

Prior: 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

Insider Activity

Updated 6/5/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gonzales, Kenda B DirectSell605202634.799,308323,8251,675,417Form
2Peppers, Michele APrincipal Accounting OfficerDirectSell513202634.5014,000483,0001,233,306Form
3Leeman, Julia ASVP - Campus OperationsDirectSell513202635.5111,315401,796778,521Form
4Gross, Patrick W DirectSell513202634.983,647127,5724,021,651Form
5Jansen, Greg ESVP, General CounselDirectSell407202638.0030,1581,146,0043,152,860Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Gonzales, Kenda B DirectSell605202634.799,308323,8251,675,417Form
2Peppers, Michele APrincipal Accounting OfficerDirectSell513202634.5014,000483,0001,233,306Form
3Leeman, Julia ASVP - Campus OperationsDirectSell513202635.5111,315401,796778,521Form
4Gross, Patrick W DirectSell513202634.983,647127,5724,021,651Form
5Jansen, Greg ESVP, General CounselDirectSell407202638.0030,1581,146,0043,152,860Form
6Nelson, Todd SPresident and CEODirectSell325202636.654,387160,78412,753,504Form
7Ghia, Ashish RCFODirectSell325202637.0011,089410,2935,350,274Form
8Nelson, Todd SPresident and CEODirectSell325202636.4840,0001,459,20012,854,385Form
9Nelson, Todd SPresident and CEODirectSell325202635.2440,0001,409,60013,827,048Form
10Ghia, Ashish RCFODirectSell320202635.0833,2711,167,2585,462,159Form
11Nelson, Todd SPresident and CEODirectSell317202635.0011,346397,11015,132,880Form
12Nelson, Todd SPresident and CEODirectSell317202634.8640,0001,394,40015,467,870Form
13Thornton, Leslie T DirectSell313202635.3721,129747,3332,163,265Form
14Czeszewski, David CSVP, CIODirectSell227202632.8136,2251,188,4132,259,542Form
15Nelson, Todd SPresident and CEODirectSell1217202529.4240,0001,176,80011,887,063Form
16Nelson, Todd SPresident and CEODirectSell1217202529.4040,0001,176,00013,054,982Form
17Nelson, Todd SPresident and CEODirectSell1217202529.2340,0001,169,20014,148,694Form
18Nelson, Todd SPresident and CEODirectSell917202535.1740,0001,406,80018,430,733Form
19Nelson, Todd SPresident and CEODirectSell917202534.5740,0001,382,80019,499,105Form
20Nelson, Todd SPresident and CEODirectSell917202534.7840,0001,391,20021,008,755Form
21Baskel, EliseSVP, CTUDirectSell916202535.0021,212742,4202,524,970Form
22Jackson, Gregory L DirectSell827202532.504,568148,4601,981,265Form
23Jackson, Gregory L DirectSell827202533.5116,561554,9592,042,837Form
24Jansen, Greg ESVP, General CounselDirectSell825202533.0030,234997,7223,177,207Form
25Ghia, Ashish RCFODirectSell811202530.7053,0811,629,5874,839,302Form
26Czeszewski, David CSVP, CIODirectSell617202531.6630,892978,1182,917,035Form
27Kline, John RobertSVP, AIUDirectSell612202531.7571,2542,262,3142,408,809Form
28Hansen, William Dean DirectSell611202531.565,994189,1711,394,037Form
Core Cache Last Updated: 6/16/2026