Phoenix Education Partners (PXED)


Market Price (11/7/2026): $19.88 | Market Cap: $729.1 MilSector: Consumer Discretionary | Industry: Education Services

Phoenix Education Partners (PXED)


Market Price (11/7/2026): $19.88
Market Cap: $729.1 Mil
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 16%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 25%

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 -31%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%

Megatrend and thematic drivers
Megatrends include Digital Education & Lifelong Learning. Themes include Online Learning Platforms, Education Technology Solutions, and Workforce Development & Upskilling.

Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -129%

Key risks
PXED key risks include [1] its history of significant regulatory sanctions and high dependence on federal funding, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 3.6%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 25%
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 -31%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 17%
3 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -40%
4 Megatrend and thematic drivers
Megatrends include Digital Education & Lifelong Learning. Themes include Online Learning Platforms, Education Technology Solutions, and Workforce Development & Upskilling.
5 Weak multi-year price returns
2Y Excs Rtn is -82%, 3Y Excs Rtn is -129%
6 Key risks
PXED key risks include [1] its history of significant regulatory sanctions and high dependence on federal funding, Show more.

PXED in ETFs

Weight = PXED's share of each fund

VTI0.00%
IWM0.00%
AVUV0.01%
IWO0.01%
VTWO0.00%
SCHA0.00%
SCHB0.00%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 11/6/2026

Phoenix Education Partners (PXED) stock has lost about 30% since 7/31/2026 because of the following key factors:

1. Weak Fiscal Year 2027 Guidance Due to AI Search Disruptions.

Phoenix Education Partners (PXED) projected a decline in revenue and Adjusted EBITDA for fiscal year 2027, which began September 1, 2026, describing it as a "transition year" with a return to growth targeted for fiscal year 2028. Management guided fiscal 2027 revenue to a range of $970 million to $1.0 billion, a decrease from the $1.017 billion reported in fiscal year 2026, and adjusted EBITDA to $225 million to $240 million, down from $249 million in fiscal year 2026. This negative outlook is primarily attributed to the "flow-through impact of search algorithm disruptions on non-employer enrollment," indicating challenges in student acquisition due to changes in AI-driven search behavior.

2. Significant Decline in Fiscal Year 2026 Net Income.

For fiscal year 2026, which ended August 31, 2026, Phoenix Education Partners reported that net income fell 35.0% to $88.1 million, compared to $135.4 million in fiscal year 2025. This decrease was primarily driven by higher share-based compensation expenses related to the company's initial public offering (IPO) and increased advertising costs, partially offset by higher net revenue and a lower provision for credit losses. Although net revenue saw a modest increase of 1.0% to $1.017 billion, the substantial reduction in profitability negatively impacted investor sentiment.

Show more
Updated on 11/6/2026

Phoenix Education Partners (PXED) stock has lost about 30% since 7/31/2026 because of the following key factors:

1. Weak Fiscal Year 2027 Guidance Due to AI Search Disruptions.

Phoenix Education Partners (PXED) projected a decline in revenue and Adjusted EBITDA for fiscal year 2027, which began September 1, 2026, describing it as a "transition year" with a return to growth targeted for fiscal year 2028. Management guided fiscal 2027 revenue to a range of $970 million to $1.0 billion, a decrease from the $1.017 billion reported in fiscal year 2026, and adjusted EBITDA to $225 million to $240 million, down from $249 million in fiscal year 2026. This negative outlook is primarily attributed to the "flow-through impact of search algorithm disruptions on non-employer enrollment," indicating challenges in student acquisition due to changes in AI-driven search behavior.

2. Significant Decline in Fiscal Year 2026 Net Income.

For fiscal year 2026, which ended August 31, 2026, Phoenix Education Partners reported that net income fell 35.0% to $88.1 million, compared to $135.4 million in fiscal year 2025. This decrease was primarily driven by higher share-based compensation expenses related to the company's initial public offering (IPO) and increased advertising costs, partially offset by higher net revenue and a lower provision for credit losses. Although net revenue saw a modest increase of 1.0% to $1.017 billion, the substantial reduction in profitability negatively impacted investor sentiment.

3. Numerous Analyst Downgrades and Price Target Reductions.

Following the announcement of fiscal year 2026 results and the cautious outlook for fiscal year 2027, multiple financial analysts downgraded PXED's stock ratings and significantly reduced their price targets. For instance, Barrington Research downgraded the stock from an "outperform" to a "market perform" rating. B. Riley Financial lowered its rating from "buy" to "neutral" and sharply cut its price target from $44.00 to $25.00. Similarly, Morgan Stanley downgraded shares from an "overweight" rating to an "equal weight" rating, and Truist Securities lowered its price target from $38.00 to $23.00.

4. Workforce Reduction to Manage Costs.

In response to the challenging operating environment and anticipated pressures, Phoenix Education Partners implemented a workforce reduction. The company announced that approximately 5% of its employee base, excluding faculty, was impacted following a voluntary separation program and other organizational changes. This cost-cutting measure, expected to contribute approximately $35 million in cost-based savings for fiscal 2027, signals proactive steps taken by management to align expenses with revised revenue expectations, but also underscores underlying operational challenges.

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Stock Movement Drivers

Fundamental Drivers

The -31.5% change in PXED stock from 7/31/2026 to 11/6/2026 was primarily driven by a -35.7% change in the company's P/E Multiple.
(LTM values as of)731202611062026Change
Stock Price ($)28.5919.59-31.5%
Change Contribution By: 
Total Revenues ($ Mil)1,0141,0170.3%
Net Income Margin (%)8.2%8.7%6.8%
P/E Multiple12.48.0-35.7%
Shares Outstanding (Mil)3636-0.7%
Cumulative Contribution-31.5%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2026 to 11/6/2026
ReturnCorrelation
PXED-31.5% 
Market (SPY)-1.6%4.7%
Sector (XLY)1.3%5.6%

Fundamental Drivers

The -29.6% change in PXED stock from 4/30/2026 to 11/6/2026 was primarily driven by a -1.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)430202611062026Change
Stock Price ($)27.8219.59-29.6%
Change Contribution By: 
Total Revenues ($ Mil)�1,0170.0%
Net Income Margin (%)�8.7%0.0%
P/E Multiple�8.00.0%
Shares Outstanding (Mil)3636-1.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 11/6/2026
ReturnCorrelation
PXED-29.6% 
Market (SPY)2.6%0.6%
Sector (XLY)-0.5%5.1%

Fundamental Drivers

The -45.8% change in PXED stock from 10/31/2025 to 11/6/2026 was primarily driven by a -1.4% change in the company's Shares Outstanding (Mil).
(LTM values as of)1031202511062026Change
Stock Price ($)36.1619.59-45.8%
Change Contribution By: 
Total Revenues ($ Mil)�1,0170.0%
Net Income Margin (%)�8.7%0.0%
P/E Multiple�8.00.0%
Shares Outstanding (Mil)3636-1.4%
Cumulative Contribution0.0%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 11/6/2026
ReturnCorrelation
PXED-45.8% 
Market (SPY)8.7%14.2%
Sector (XLY)-1.4%20.8%

Fundamental Drivers

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Market Drivers

10/31/2023 to 11/6/2026
ReturnCorrelation
PXED  
Market (SPY)81.9%16.9%
Sector (XLY)58.2%22.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
PXED Return-----21%-34%-48%
Peers Return-2%-23%56%33%1%-18%29%
S&P 500 Return27%-19%24%23%16%12%105%

Monthly Win Rates [3]
PXED Win Rate----0%45% 
Peers Win Rate45%45%55%55%52%53% 
S&P 500 Win Rate75%42%67%75%67%45% 

Max Drawdowns [4]
PXED Max Drawdown------44% 
Peers Max Drawdown-28%-39%-27%-30%-43%-37% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: LOPE, SKIL, DUOL, GHC, LAUR.
[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 11/6/2026 (YTD)

How Low Can It Go

PXED has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

EventXLYS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven105 days79 days
2024 Yen Carry Trade Unwind
  % Loss-11.2%-7.8%
  % Gain to Breakeven12.6%8.5%
  Time to Breakeven37 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.6%-9.5%
  % Gain to Breakeven15.8%10.5%
  Time to Breakeven42 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.9%-24.5%
  % Gain to Breakeven56.0%32.4%
  Time to Breakeven874 days427 days
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.3%50.9%
  Time to Breakeven82 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-19.6%-19.2%
  % Gain to Breakeven24.4%23.8%
  Time to Breakeven98 days105 days

Compare to LOPE, SKIL, DUOL, GHC, LAUR

In The Past

State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% 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.

PXED has limited trading history. Below is the Consumer Discretionary sector ETF (XLY) in its place.

EventXLYS&P 500
2025 US Tariff Shock
  % Loss-21.8%-18.8%
  % Gain to Breakeven27.9%23.1%
  Time to Breakeven105 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-35.9%-24.5%
  % Gain to Breakeven56.0%32.4%
  Time to Breakeven874 days427 days
2020 COVID-19 Crash
  % Loss-33.9%-33.7%
  % Gain to Breakeven51.3%50.9%
  Time to Breakeven82 days140 days
2008-2009 Global Financial Crisis
  % Loss-51.0%-53.4%
  % Gain to Breakeven104.3%114.4%
  Time to Breakeven372 days1085 days

Compare to LOPE, SKIL, DUOL, GHC, LAUR

In The Past

State Street Consumer Discretionary Select Sector SPDR ETF's stock fell -21.8% during the 2025 US Tariff Shock. Such a loss loss requires a 27.9% 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 Phoenix Education Partners (PXED)

Phoenix Education Partners (PXED) operates the University of Phoenix, a leading online higher education provider focused on serving adult learners. The company's mission is to deliver career-relevant, affordable, and flexible education to help students achieve their professional goals and advance their careers. As a pioneer in online learning, PXED leverages an AI-ready data infrastructure and robust technology solutions to enhance the student experience, improve success, and connect students effectively with employers, adapting to the evolving demands of the modern workforce.

The core of PXED's offerings consists of 72 degree-granting programs, which represented approximately 97% of its net revenue for fiscal year 2024. These programs include Bachelor's, Master's, Associate's, and Doctoral degrees across diverse disciplines such as Business & IT, Health Professions, and Social & Behavioral Sciences. In addition to degrees, PXED offers 33 non-degree certificate programs and professional development courses. The company is also developing new talent solutions for employers, including "Talent Source," a platform for connecting employers with skilled students, and "Skillmore," an AI-powered tool for designing internal skill development pathways for employees.

PXED primarily serves working adult students, with an average age of 37; a significant majority are employed, care for dependents, or are first-generation college students. The company is dedicated to providing tailored education solutions for these adult learners who face unique time constraints and responsibilities. A key growth area for PXED is its business-to-business (B2B) enrollment strategy, through which students access programs via over 2,500 employer relationships. B2B enrollments constituted 30% of the total average degreed enrollment in fiscal year 2024, demonstrating a strong growth trajectory as PXED assists employers in upskilling their workforce and sourcing talent.

AI Analysis | Feedback

Here are 1-3 brief analogies for Phoenix Education Partners (PXED):

  • It's the Carvana of accredited degrees for working adults, offering a fully online and career-focused university experience.
  • Think of it as LinkedIn Learning for accredited degrees, providing comprehensive online higher education tailored for career advancement and employer partnerships.
  • It's like the Amazon of online higher education for working professionals – a vast, digitally-driven platform providing flexible, career-aligned degrees and certificates.

AI Analysis | Feedback

  • Degree Programs: Comprehensive online higher education programs leading to Associate's, Bachelor's, Master's, and Doctoral degrees in various disciplines.
  • Non-Degree Certificate Programs: Shorter, credit-bearing certificate programs designed to provide students with critical skills for career advancement.
  • Professional Development Courses: Non-credit courses offering specialized training and skill development for individuals and employees seeking career growth.
  • Talent Source: A talent-sourcing platform that connects employers directly with students whose skill profiles align with specific job postings.
  • Skillmore: An AI-powered tool that assists employers by scanning their skill inventory and designing internal development pathways for employees.

AI Analysis | Feedback

Phoenix Education Partners (PXED) primarily serves individual students, with the majority (approximately 70% in fiscal year 2024) of its total degreed enrollment being independent enrollees. While the company also has significant and growing business-to-business (B2B) relationships with over 2,500 employers, the names of these specific customer companies are not provided in the background information.

The company's major categories of individual customers are:

  1. Working Adults Seeking Career Advancement: This represents the largest segment of their student body, consisting primarily of employed individuals (76% are currently employed) looking to develop knowledge and skills to achieve professional goals and advance their careers. Their education is often pursued to meet the demands of the modern workforce.
  2. Adult Learners with Significant Life Responsibilities: These students face unique challenges that traditional programs often do not address, including time constraints, work commitments, and caring for dependents (64% care for dependents at home). They are typically older, with an average age of 37 and 95% of new students over the age of 22, and benefit from the University's flexible, asynchronous learning models.
  3. First-Generation College Students and Minority Groups: A substantial portion of the student body comprises individuals who are the first in their families to attend college (61% are first-generation college students) and those who identify as members of minority groups (62% of students who completed an optional survey). These students are seeking accessible higher education opportunities tailored to their needs.

AI Analysis | Feedback

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AI Analysis | Feedback

Christopher M. Lynne, Chief Executive Officer

Christopher M. Lynne has spent over 20 years in higher education, advocating for career-focused education for nontraditional students, and was the first in his immediate family to attend higher education. He joined the University of Phoenix in 2018 as Chief Financial Officer, became President in 2022, and was appointed CEO of Phoenix Education Partners in October 2025. Mr. Lynne led the company's transition to a public company in 2025. During his tenure, he has driven the university's transformation, expanding its focus beyond degrees to include innovative career mobility solutions for students, alumni, and employers. He previously held leadership roles at Northcentral University as COO and CFO, at HotChalk as President and COO, and was the owner of Transcend Education Group. Phoenix Education Partners, the parent company of the University of Phoenix, has received backing from Apollo Global Management and Vistria Group. Mr. Lynne holds a B.S. in Accounting from Purdue University and an MBA from the Booth School of Business at the University of Chicago.

Blair Wilde Westblom, Chief Financial Officer and Treasurer

Blair Wilde Westblom leads the finance, real estate, and facilities functions for Phoenix Education Partners. She has over 21 years of finance leadership experience, including in publicly traded and private companies across various industries such as higher education, biotechnology, investment banking, and REITs. Ms. Westblom joined the University of Phoenix in 2010 as an associate director of finance, progressing through several promotions to become Chief Financial Officer in January 2023. Before joining the University, she served as a senior group controller at Genentech, a Roche subsidiary, where she managed the fiscal operations for its $3 billion biologic oncology business. In conjunction with the company's Initial Public Offering (IPO) in October 2025, Ms. Westblom received a significant equity compensation package.

Raghu Krishnaiah, Chief Operating Officer

Raghu Krishnaiah serves as the Chief Operating Officer of Phoenix Education Partners.

Srini Medi, Chief Legal Officer, Senior Vice President, General Counsel and Secretary

Srini Medi is the Chief Legal Officer, Senior Vice President, General Counsel, and Secretary for Phoenix Education Partners.

John Woods, Ph.D., Chief Academic Officer and Provost

John Woods, Ph.D. is the Chief Academic Officer and Provost at the University of Phoenix. He holds a PhD in higher education administration from Bowling Green State University.

AI Analysis | Feedback

1. Securities Probe and Allegations of Misleading Information: Phoenix Education Partners (PXED) is currently under investigation by law firms, including Rosen Law Firm, for potentially issuing "materially misleading business information" to the market. This ongoing probe, announced in February 2026, could lead to significant legal and financial liabilities, as well as lasting reputational damage for the company, and is expected to place downward pressure on its stock price.

2. Significant Data Breach Incident: In January 2026, a major data breach affecting nearly 3.5 million individuals at the University of Phoenix was reported, with unauthorized access to sensitive information occurring as early as August 2025. This cybersecurity incident highlights deficiencies in data security management and could result in decreased investor confidence, potential legal actions, and further damage to the company's reputation and stock value.

3. Regulatory Scrutiny and Potential Policy Changes: The for-profit education sector, in which Phoenix Education Partners operates, is subject to extensive regulatory requirements and ongoing scrutiny. Risks include potential Department of Education policy changes and a failure to comply with applicable regulations, which could lead to significant monetary liabilities, fines, penalties, and even the loss of access to federal student loans and grants. Such outcomes could have a material adverse effect on the company's business and financial condition.

AI Analysis | Feedback

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AI Analysis | Feedback

Phoenix Education Partners (PXED), operating as the University of Phoenix, addresses several key markets within the education and professional development sectors, primarily in the U.S.

The addressable market for their core offering of **online higher education, including degree-granting programs** for adult learners, is significant. The U.S. online education market, which encompasses both academic and corporate online training, is valued at approximately USD 74.8 billion. More specifically, the market for fully online higher education in the U.S. is over USD 20 billion and is experiencing rapid growth. Another estimate places the U.S. e-learning market, which includes K-12, higher education, and corporate training, at over USD 128.37 billion in 2024, with projections to grow to USD 278.27 billion by 2033. The broader U.S. online education market is projected to grow from USD 12.35 billion in 2025 to USD 128.54 billion by 2034, covering academic degrees, professional certifications, and corporate workforce training.

For their **non-degree certificate programs, professional development courses, and talent solutions programs for employers (B2B enrollments)**, the relevant markets include corporate training and professional development in the U.S. The U.S. professional development market is valued at over USD 70 billion. The corporate training market in North America reached approximately USD 62.1 billion in 2024. Other estimates indicate the U.S. corporate training market is poised to grow, with some projections citing it around USD 163.5 billion.

Considering the company's dedicated focus on **adult learners**, the U.S. market for adult education, often referred to as continuing education, was valued at USD 66.91 billion in 2024 and is projected to reach USD 95.98 billion by 2030.

AI Analysis | Feedback

Phoenix Education Partners (PXED) is expected to drive future revenue growth over the next 2-3 years through the following key strategies:

  1. Continued Growth in Business-to-Business (B2B) Enrollments: The company identifies B2B enrollments as a "significant opportunity for further growth." This segment has shown robust expansion, with Average Total Degreed Enrollment increasing from 13,300 in fiscal year 2022 to 23,300 in fiscal year 2024, reflecting a 32% compound annual growth rate (CAGR). B2B enrollments now represent 30% of the University’s Average Total Degreed Enrollment.

  2. Expansion of Non-Degree Offerings and New Talent Solutions Programs: Phoenix Education Partners considers its non-degree offerings for students and employers a "growing priority." This includes shorter credit-bearing certificates and non-credit professional development courses aimed at career advancement and employee upskilling. Additionally, the company is developing new talent solutions like Talent Source, a talent-sourcing platform, and Skillmore, an AI-powered tool for designing development pathways. These new programs and services are designed to address evolving workforce demands and create new revenue streams.

  3. Increased Overall Enrollment of Adult Learners through Tailored Education Solutions: The company is dedicated to adult learners, who represent an attractive and growing sub-segment of the higher education market. Phoenix Education Partners is "constantly evolving the flexible, asynchronous learning models and the robust technology solutions designed to meet their unique needs." This focus on a differentiated value proposition for working adults is evidenced by the increase in Average Total Degreed Enrollment from 78,900 in fiscal year 2024 to 82,700 during the first nine months of fiscal year 2025, indicating continued success in attracting and retaining this demographic.

AI Analysis | Feedback

Share Issuance

  • Phoenix Education Partners completed an initial public offering (IPO) on October 10, 2025, by selling 4.25 million shares of common stock at $32.00 per share, raising approximately $136 million.
  • The offering included an option for underwriters to purchase an additional 637,500 shares, bringing the total to 4.9 million shares sold.
  • The proceeds from the IPO went to certain existing shareholders, primarily Apollo Global Management and The Vistria Group, not to Phoenix Education Partners itself.

Inbound Investments

  • Prior to its IPO in 2025, the University of Phoenix, the company's main operating entity, was taken private in a $1.1 billion buyout in 2017 by Apollo Global Management and The Vistria Group.

Capital Expenditures

  • Capital expenditures for the fiscal year ended August 31, 2025, totaled $22.5 million.
  • For the first quarter of fiscal year 2026 (ended November 30, 2025), capital expenditures amounted to $4.7 million.
  • The company's capital spending supports its "asset-light model" and is focused on purpose-built platforms, AI-ready data infrastructure, and technology to enhance the student experience and connectivity.

Peer Outperformance in Education Services

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Share of Education Services constituents that PXED has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
26%
of 19 industry peers · -39.5% return
3Y
—
insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Consumer Discretionary sector, ranked by 5Y. Education Services is PXED's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Education Services ← 14 -12.6%33.7%41.0% CVSA 246% · GHC 109% · LRN 107%
Homebuilding 17 3.7%29.7%29.7% PHM 175% · TOL 159% · GRBK 150%
Automotive Retail 17 -2.1%18.9%11.3% MUSA 209% · PAG 115% · ORLY 111%
Hotels, Resorts & Cruise Lines 21 19.8%56.9%7.0% RCL 250% · MAR 159% · HLT 147%
Home Improvement Retail 5 -4.3%3.3%5.3% HD 6% · LOW 5% · FND -62%
Home Furnishings 3 4.6%73.9%-1.2% SGI 50% · MHK -15%
Footwear 9 75.0%79.9%-15.7% DECK 23% · SHOO -11% · CROX -16%
Restaurants 36 2.4%-4.6%-24.2% EAT 363% · CAKE 158% · TXRH 110%
Computer & Electronics Retail 3 33.4%75.8%-24.5% BBY -3% · GME -53%
Specialized Consumer Services 10 -8.5%32.3%-25.5% FTDR 168% · HRB 146% · ADT 24%
Distributors 4 -5.4%-16.9%-26.0% ARMK 96% · GPC 4% · POOL -56%
Leisure Products 14 -16.4%-4.9%-34.4% GOLF 51% · HAS 50% · BC -14%
Leisure Facilities 12 18.9%0.4%-39.5% OSW 160% · LTH 143% · PLNT -37%
Household Appliances 18 34.2%20.6%-40.3% WHR -82%
Broadline Retail 12 -5.8%14.0%-45.7% EBAY 76% · AMZN 47% · OLLI 24%
Apparel Retail 27 -3.8%1.8%-48.8% ANF 223% · VSXY 110% · TJX 104%
Automotive Parts & Equipment 37 -13.2%-28.2%-48.8% GTX 197% · PATK 64% · ALV 41%
Casinos & Gaming 21 -25.8%-16.1%-51.8% RRR 22% · BYD 19% · LVS 3%
Apparel, Accessories & Luxury Goods 29 15.8%17.8%-53.7% TPR 255% · RL 225% · KTB 59%
Other Specialty Retail 25 -0.1%-11.4%-57.7% ULTA 65% · ASO 53% · ARHS 26%
Automobile Manufacturers 8 -59.8%-44.0%-70.5% GM 54% · TSLA -12% · F -12%
Consumer Electronics 11 -31.9%-29.8%-80.5% GRMN 122%
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

Latest Trefis Analyses

TitleDate
0DASHBOARDS 
1Phoenix Education Partners Earnings Notes12/16/2025
Title
0ARTICLES

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

PXEDLOPESKILDUOLGHCLAURMedian
NamePhoenix .Grand Ca.SkillsoftDuolingo Graham Laureate. 
Mkt Price19.88117.723.32160.291,213.3333.5975.66
Mkt Cap0.73.0-7.55.14.64.6
Rev LTM1,0171,148-1,1825,1161,9151,182
Op Inc LTM168313-146304495304
FCF LTM176265-395221288265
FCF 3Y Avg-246-324280240263
CFO LTM196302-436309418309
CFO 3Y Avg-284-350364329340

Growth & Margins

PXEDLOPESKILDUOLGHCLAURMedian
NamePhoenix .Grand Ca.SkillsoftDuolingo Graham Laureate. 
Rev Chg LTM1.0%5.3%-22.6%4.3%20.9%5.3%
Rev Chg 3Y Avg-6.9%-35.0%5.9%10.7%8.8%
Rev Chg Q1.3%2.4%-13.7%3.7%21.2%3.7%
QoQ Delta Rev Chg LTM0.3%0.5%-3.3%0.9%4.6%0.9%
Op Inc Chg LTM-23.0%5.4%-37.9%6.3%31.6%6.3%
Op Inc Chg 3Y Avg-9.0%-127.9%15.5%17.6%16.5%
Op Mgn LTM16.6%27.3%-12.4%5.9%25.8%16.6%
Op Mgn 3Y Avg-27.1%-10.4%5.4%24.3%17.3%
QoQ Delta Op Mgn LTM-0.5%-0.5%--1.4%0.3%1.4%-0.5%
CFO/Rev LTM19.3%26.3%-36.9%6.0%21.8%21.8%
CFO/Rev 3Y Avg-26.1%-37.0%7.4%19.4%22.8%
FCF/Rev LTM17.3%23.0%-33.5%4.3%15.0%17.3%
FCF/Rev 3Y Avg-22.7%-34.2%5.7%14.2%18.4%

Valuation

PXEDLOPESKILDUOLGHCLAURMedian
NamePhoenix .Grand Ca.SkillsoftDuolingo Graham Laureate. 
Mkt Cap0.73.0-7.55.14.64.6
P/S0.72.6-6.41.02.42.4
P/Op Inc4.39.7-51.416.89.39.7
P/EBIT5.59.7-51.47.59.09.0
P/E8.112.1-51.610.311.911.9
P/CFO3.710.0-17.216.511.011.0
Total Yield16.2%8.3%-1.9%10.3%8.4%8.4%
Dividend Yield3.6%0.0%-0.0%0.6%0.0%0.0%
FCF Yield 3Y Avg-5.5%-3.4%6.3%6.1%5.8%
D/E0.10.0-0.00.30.20.1
Net D/E-0.3-0.0--0.20.00.1-0.0

Returns

PXEDLOPESKILDUOLGHCLAURMedian
NamePhoenix .Grand Ca.SkillsoftDuolingo Graham Laureate. 
1M Rtn-22.7%-24.4%-47.3%5.6%3.9%-12.9%-17.8%
3M Rtn-31.0%-22.8%-63.5%22.5%2.5%-12.4%-17.6%
6M Rtn-34.4%-29.1%-61.3%48.4%7.1%2.4%-13.4%
12M Rtn-38.6%-29.5%-70.9%-17.3%17.7%10.3%-23.4%
3Y Rtn-46.8%-13.8%-82.2%-2.6%100.1%169.5%-8.2%
1M Excs Rtn-23.0%-25.6%-45.0%7.0%3.6%-13.3%-18.1%
3M Excs Rtn-27.7%-18.8%-63.5%17.7%4.0%-9.0%-13.9%
6M Excs Rtn-38.4%-33.0%-65.1%44.5%3.2%-1.5%-17.3%
12M Excs Rtn-53.1%-47.1%-86.6%-51.5%4.6%-3.8%-49.3%
3Y Excs Rtn-129.4%-83.4%-161.2%-73.5%32.8%66.0%-78.4%

Comparison Analyses

null

Financials

Segment Financials

Revenue by Segment
$ Mil2026202520242023
Single Segment1,0171,007  
University  950835
Total1,0171,007950835


Operating Income by Segment
$ Mil202620252024
Single Segment123172 
University  152
Total123172152


Net Income by Segment
$ Mil202620252024
Single Segment88135 
University  115
Total88135115


Price Behavior

Price Behavior
Market Price$19.59 
Market Cap ($ Bil)0.7 
First Trading Date10/09/2025 
Distance from 52W High-43.7% 
   50 Days200 Days
DMA Price$25.53$28.49
DMA Trenddowndown
Distance from DMA-23.3%-31.2%
 3M1YR
Volatility35.5%50.6%
Downside Capture157.38124.29
Upside Capture-11.2556.13
Correlation (S&P 500)0.9%16.3%
PXED Betas & Captures as of 10/31/2026

 1M2M3M6M1Y3Y
Beta0.130.430.700.170.680.29
Up Beta-1.49-0.780.07-0.320.180.04
Down Beta0.380.19-0.410.020.63-0.96
Up Capture-40%1%67%5%46%5%
Bmk +ve Days12182862130427
Stock +ve Days9162861118125
Down Capture54%147%170%72%112%71%
Bmk -ve Days10253664121325
Stock -ve Days13273664132140

[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 PXED
PXED-40.7%50.6%-0.86-
Sector ETF (XLY)-1.9%19.8%-0.2221.2%
Equity (SPY)9.5%13.6%0.4014.0%
Gold (GLD)1.6%28.7%0.053.1%
Commodities (DBC)38.4%21.2%1.42-9.9%
Real Estate (VNQ)11.3%14.2%0.5110.0%
Bitcoin (BTCUSD)-26.9%43.6%-0.6013.2%

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 PXED
PXED-12.1%49.9%-1.04-
Sector ETF (XLY)4.0%24.2%0.1222.4%
Equity (SPY)11.3%17.3%0.4816.9%
Gold (GLD)17.5%19.1%0.744.4%
Commodities (DBC)8.1%19.6%0.30-6.5%
Real Estate (VNQ)1.3%18.9%-0.0410.8%
Bitcoin (BTCUSD)4.1%51.6%0.2615.8%

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 PXED
PXED-6.2%49.9%-1.04-
Sector ETF (XLY)12.8%22.3%0.5222.4%
Equity (SPY)15.0%18.0%0.7016.9%
Gold (GLD)11.9%16.5%0.594.4%
Commodities (DBC)7.5%18.1%0.33-6.5%
Real Estate (VNQ)5.9%20.7%0.2410.8%
Bitcoin (BTCUSD)60.1%66.3%1.0015.8%

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

Short Interest

Short Interest: As Of Date10152026
Short Interest: Shares Quantity0.7 Mil
Short Interest: % Change Since 9302026-4.0%
Average Daily Volume0.1 Mil
Days-to-Cover Short Interest7.9 days
Basic Shares Quantity36.1 Mil
Short % of Basic Shares2.1%

Earnings Returns History

Updated 11/6/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026-7.4%  
7/14/2026-12.8%-13.0%-21.5%
4/7/2026-0.8%-8.7%-2.7%
1/13/2026-10.5%-3.8%-12.6%
11/20/20252.8%11.2%7.7%
SUMMARY STATS   
# Positive111
# Negative433
Median Positive2.8%11.2%7.7%
Median Negative-8.9%-8.7%-12.6%
Max Positive2.8%11.2%7.7%
Max Negative-12.8%-13.0%-21.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2026-7.4%  
7/14/2026-12.8%-13.0%-21.5%
4/7/2026-0.8%-8.7%-2.7%
1/13/2026-10.5%-3.8%-12.6%
11/20/20252.8%11.2%7.7%
SUMMARY STATS   
# Positive111
# Negative433
Median Positive2.8%11.2%7.7%
Median Negative-8.9%-8.7%-12.6%
Max Positive2.8%11.2%7.7%
Max Negative-12.8%-13.0%-21.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
08/31/202611/03/202610-K
05/31/202607/14/202610-Q
02/28/202604/07/202610-Q
11/30/202501/13/202610-Q
08/31/202511/20/202510-K
05/31/202510/09/2025424B4
Collapse to Preview
Report DateFiling DateFiling
08/31/202611/03/202610-K
05/31/202607/14/202610-Q
02/28/202604/07/202610-Q
11/30/202501/13/202610-Q
08/31/202511/20/202510-K
05/31/202510/09/2025424B4

Recent Forward Guidance

Updated 11/4/2026

Latest: Q4 2026 Earnings Reported 11/3/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
Q1 2027 Regular Quarterly Common Stock Cash DividendReported 0.23    
2027 Net RevenueReported970.00 Mil985.00 Mil1.00 Bil-3.7% Lower NewGuidance: 1.02 Bil for 2026
2027 Adjusted EBITDAReported225.00 Mil232.50 Mil240.00 Mil-6.2% Lower NewGuidance: 248.00 Mil for 2026


Prior: Q3 2026 Earnings Reported 7/14/2026

Forward GuidanceGuidance Change
MetricSourceLowMidHigh% Chg% DeltaChangePrior
2026 RevenueReported1.02 Bil1.02 Bil1.02 Bil-0.7% LoweredGuidance: 1.03 Bil for 2026
2026 Adjusted EBITDAReported246.00 Mil248.00 Mil250.00 Mil0.6% RaisedGuidance: 246.50 Mil for 2026

Insider Activity

Updated 11/3/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Woods, John TerrenceChief Academic Off. & ProvostDirectSell1027202625.0440010,0161,569,557Form
2Woods, John TerrenceChief Academic Off. & ProvostDirectSell1013202625.0085021,2501,567,050Form
3Woods, John TerrenceChief Academic Off. & ProvostDirectSell1013202625.8919,453503,6381,622,837Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Woods, John TerrenceChief Academic Off. & ProvostDirectSell1027202625.0440010,0161,569,557Form
2Woods, John TerrenceChief Academic Off. & ProvostDirectSell1013202625.0085021,2501,567,050Form
3Woods, John TerrenceChief Academic Off. & ProvostDirectSell1013202625.8919,453503,6381,622,837Form
Core Cache Last Updated: 11/6/2026