Perdoceo Education Corporation (PRDO) Income Statement
PRDO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsPRDO revenue and net income
Where PRDO's revenue goes
2025Each bar shows an amount and its share of revenue. PRDO kept 18.9% of revenue as net income.
PRDO profit margins
PRDO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +24.2% | +6.8% | +4.2% | −0.0% |
| Gross profit | +8.3% | +1.6% | +1.1% | +0.9% |
| Operating income | +12.5% | +14.8% | +6.5% | — |
| Net income | +8.4% | +18.6% | +5.2% | +11.9% |
| EPS (diluted) | +14.0% | +17.2% | +10.7% | +5.4% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
PRDO quarterly EPS vs estimates
Perdoceo Education beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: November 3, 2026 (estimate $0.74).
PRDO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $846.1M | $681.3M | $710.0M | $695.2M | $693.0M | $687.3M | $627.7M | $581.3M | $596.4M | $704.4M |
| Cost of revenue | $239.2M | $120.9M | $130.3M | $116.7M | $108.7M | $111.8M | $101.9M | $109.9M | $143.3M | $235.1M |
| Gross profit | $606.9M | $560.4M | $579.7M | $578.5M | $584.3M | $575.5M | $525.8M | $471.4M | $453.1M | $469.3M |
| Sales, general & admin | $410.9M | $333.3M | $364.9M | $384.5M | $374.2M | $369.7M | $386.7M | $358.7M | $377.4M | $445.7M |
| Total operating expenses | $410.9M | $386.1M | $429.2M | $448.8M | $435.3M | $432.6M | $439.3M | $400.1M | $391.4M | $500.5M |
| Operating income | $196.0M | $174.3M | $150.4M | $129.6M | $149.0M | $142.9M | $86.5M | $71.3M | $34.1M | −$32.3M |
| Interest income | $26.3M | $29.0M | $20.0M | $6.9M | $930,000 | $3.9M | $6.4M | $3.5M | $1.9M | $1.3M |
| Interest expense | $6.5M | $613,000 | $404,000 | $400,000 | $920,000 | $167,000 | $167,000 | $681,000 | $451,000 | $584,000 |
| Income before taxes | $216.8M | $201.4M | $192.1M | $134.3M | $149.1M | $146.8M | $93.0M | $74.4M | $36.2M | −$31.4M |
| Income taxes | $56.9M | $53.9M | $44.5M | $38.4M | $39.4M | $22.5M | $22.4M | $18.6M | $67.1M | −$16.6M |
| Net income | $159.9M | $147.6M | $147.7M | $95.9M | $109.6M | $124.3M | $70.0M | $55.2M | −$31.9M | −$18.7M |
| EBITDA | $264.9M | $216.7M | $209.4M | $154.4M | $166.8M | $161.8M | $102.3M | $84.4M | $48.1M | −$8.0M |
| EPS (diluted) | $2.61 | $2.29 | $2.10 | $1.62 | $1.70 | $1.57 | $1.41 | $1.06 | $0.32 | −$0.22 |
| Gross margin | 71.7% | 82.3% | 81.6% | 83.2% | 84.3% | 83.7% | 83.8% | 81.1% | 76.0% | 66.6% |
| Operating margin | 23.2% | 25.6% | 21.2% | 18.6% | 21.5% | 20.8% | 13.8% | 12.3% | 5.7% | −4.6% |
| Net margin | 18.9% | 21.7% | 20.8% | 13.8% | 15.8% | 18.1% | 11.1% | 9.5% | −5.3% | −2.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $213.4M | $221.7M | $211.6M | $211.9M | $209.6M | $213.0M | $176.4M | $169.8M | $166.7M | $168.3M | $147.9M | $179.9M |
| Cost of revenue | $50.9M | $56.4M | $97.3M | $43.1M | $50.2M | $48.5M | $35.2M | $28.3M | $27.5M | $29.9M | $30.2M | $33.5M |
| Gross profit | $162.5M | $165.3M | $114.3M | $168.8M | $159.3M | $164.5M | $141.2M | $141.5M | $139.2M | $138.4M | $117.7M | $146.4M |
| Sales, general & admin | $98.2M | $102.2M | $110.4M | $101.8M | $92.3M | $100.9M | $96.6M | $93.7M | $89.3M | $80.9M | $86.1M | $84.5M |
| Total operating expenses | $107.6M | $102.2M | $72.4M | $117.9M | $107.9M | $112.7M | $104.1M | $96.7M | $93.2M | $92.1M | $101.8M | $103.3M |
| Operating income | $54.9M | $63.1M | $41.9M | $51.0M | $51.4M | $51.7M | $37.2M | $44.8M | $46.0M | $46.3M | $15.9M | $43.1M |
| Interest income | $6.7M | $6.5M | $6.7M | $6.7M | $6.5M | $6.5M | $7.3M | $7.7M | $7.2M | $6.8M | $6.4M | $5.2M |
| Interest expense | $1.5M | $1.5M | $1.6M | $1.6M | $1.6M | $1.7M | $84,000 | $82,000 | $112,000 | $335,000 | $116,000 | $97,000 |
| Income before taxes | $60.2M | $68.1M | $48.1M | $56.0M | $56.2M | $56.5M | $43.2M | $52.4M | $53.0M | $52.9M | $22.4M | $48.1M |
| Income taxes | $12.2M | $14.2M | $12.7M | $16.2M | $15.2M | $12.8M | $11.7M | $14.1M | $14.6M | $13.4M | $5.2M | $6.8M |
| Net income | $48.0M | $54.0M | $35.3M | $39.9M | $41.0M | $43.7M | $31.5M | $38.3M | $38.4M | $39.4M | $17.2M | $41.3M |
| EBITDA | $71.0M | $79.0M | $59.3M | $66.0M | $68.0M | $66.6M | $48.8M | $55.5M | $49.9M | $56.2M | $24.9M | $52.1M |
| EPS (diluted) | $0.80 | $0.90 | $0.59 | $0.65 | $0.67 | $0.70 | $0.50 | $0.59 | $0.60 | $0.60 | $0.27 | $0.64 |
| Gross margin | 76.1% | 74.6% | 54.0% | 79.7% | 76.0% | 77.2% | 80.0% | 83.3% | 83.5% | 82.3% | 79.6% | 81.4% |
| Operating margin | 25.7% | 28.5% | 19.8% | 24.1% | 24.5% | 24.3% | 21.1% | 26.4% | 27.6% | 27.5% | 10.8% | 23.9% |
| Net margin | 22.5% | 24.3% | 16.7% | 18.8% | 19.6% | 20.5% | 17.8% | 22.5% | 23.0% | 23.4% | 11.6% | 23.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in PRDO's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
PRDO financial results
In fiscal year 2025 (ended December 31, 2025), Perdoceo Education reported revenue of $846.1 million, up 24.2% from the year before. It had net income of $159.9 million (up 8.4%), a net profit margin of 18.9%. Diluted earnings per share came to $2.61. Over five years revenue grew at an average rate of 4.2% a year.
See the PRDO stock overview for the latest quote and news, or the PRDO chart for price history and technical indicators.
PRDO income statement FAQ
What is Perdoceo Education's annual revenue?
Perdoceo Education reported total revenue of $846.1 million for fiscal year 2025, which ended on December 31, 2025. That was up 24.2% from $681.3 million the previous year.
Is Perdoceo Education profitable?
Yes. Perdoceo Education reported net income of $159.9 million in fiscal 2025, a net profit margin of 18.9%; its operating margin was 23.2%.
What is Perdoceo Education's gross margin?
Perdoceo Education's gross margin was 71.7% in fiscal 2025: for every $100 of revenue, Perdoceo Education kept $72 after the direct cost of its products and services.
How fast is Perdoceo Education growing?
Revenue grew 4.2% a year on average over the last five fiscal years, from $687.3 million to $846.1 million.
What are Perdoceo Education's earnings per share?
Perdoceo Education earned $2.61 per diluted share in fiscal 2025, compared with $2.29 a year earlier.
When will Perdoceo Education report its next earnings?
Perdoceo Education is expected to report results for the quarter ending September 30, 2026 on November 3, 2026.
When does Perdoceo Education's fiscal year end?
Perdoceo Education's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.