| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents, unrestricted | 164,306 | 110,970 | 159,470 | 172,075 |
| Restricted cash | 815 | 21,310 | 21,309 | 21,602 |
| Total cash, cash equivalents and restricted cash | 165,121 | 132,280 | 180,779 | 193,677 |
| Short-term investments | 514,840 | 511,211 | 487,843 | 465,912 |
| Total cash and cash equivalents, restricted cash and short-term investments | 679,961 | 643,491 | 668,622 | 659,589 |
| Student receivables, gross | 77,079 | 68,346 | 80,724 | 71,322 |
| Allowance for credit losses | 37,492 | 41,149 | 39,422 | 38,094 |
| Student receivables, net | 39,587 | 27,197 | 41,302 | 33,228 |
| Receivables, other | 6,958 | 5,037 | 6,148 | 9,171 |
| Prepaid expenses | 17,205 | 16,881 | 15,877 | 16,384 |
| Inventories | 3,277 | 4,049 | 4,016 | 2,635 |
| Other current assets | 357 | 208 | 188 | 200 |
| Total current assets | 747,345 | 696,863 | 736,153 | 721,207 |
| Property and equipment, net of accumulated depreciation of 90,800 and 86,908 as of march 31, 2026 and december 31, 2025, respectively | 80,990 | 83,314 | 85,194 | 87,708 |
| Right of use asset, net - operating | 41,518 | 43,290 | 45,050 | 46,786 |
| Right of use asset, net - finance | 8,980 | 10,259 | 11,538 | 12,817 |
| Goodwill | 265,697 | 265,697 | 258,191 | 258,191 |
| Intangible assets, net of amortization of 48,961 and 44,786 as of march 31, 2026 and december 31, 2025, respectively | 73,769 | 77,945 | 82,120 | 86,377 |
| Student receivables, gross | 9,182 | 9,073 | 9,358 | 9,062 |
| Allowance for credit losses | 4,242 | 4,262 | 4,490 | 4,220 |
| Student receivables, net | 4,940 | 4,811 | 4,868 | 4,842 |
| Deferred income tax assets, net | 57,438 | 57,438 | 68,774 | 68,774 |
| Other assets | 8,096 | 8,100 | 7,496 | 7,685 |
| Total assets | 1,288,773 | 1,247,717 | 1,299,384 | 1,294,387 |
| Lease liability-operating | 8,421 | 6,032 | 5,750 | 5,442 |
| Lease liability-finance | 5,584 | 5,458 | 5,334 | 5,214 |
| Accounts payable | 18,665 | 14,271 | 20,218 | 16,644 |
| Payroll and related benefits | 26,454 | 44,363 | 38,989 | 31,356 |
| Advertising and marketing costs | 7,095 | 7,838 | 7,588 | 6,689 |
| Income taxes | 19,751 | 5,627 | 10,670 | 5,970 |
| Other | 16,958 | 16,374 | 16,295 | 15,785 |
| Gross deferred revenue | 64,342 | 80,290 | 124,920 | NaN |
| Gross contract assets | 12,093 | 42,446 | 65,124 | NaN |
| Deferred revenue | 52,249 | 37,844 | 59,796 | 81,699 |
| Total current liabilities | 155,177 | 137,807 | 164,640 | 168,799 |
| Lease liability-operating | 41,499 | 43,752 | 46,014 | 48,230 |
| Lease liability-finance | 4,647 | 6,097 | 7,518 | 8,886 |
| Sale lease-back financing | 57,084 | 56,992 | 56,878 | 56,766 |
| Other liabilities | 30,457 | 30,657 | 26,483 | 27,075 |
| Total non-current liabilities | 133,687 | 137,498 | 136,893 | 140,957 |
| Common stock, 0.01 par value 300,000,000 shares authorized 92,825,317 and 92,072,703 shares issued, 62,703,133 and 62,478,373 shares outstanding as of march 31, 2026 and december 31, 2025, respectively | 928 | 921 | 921 | 920 |
| Additional paid-in capital | 724,243 | 720,574 | 717,385 | 713,940 |
| Accumulated other comprehensive (loss) income | -1,040 | 1,070 | 1,230 | 722 |
| Retained earnings | 762,683 | 718,365 | 692,761 | 662,856 |
| Treasury stock, at cost 30,122,184 and 29,594,330 shares as of march 31, 2026 and december 31, 2025, respectively | 486,905 | 468,518 | 414,446 | 393,807 |
| Total stockholders' equity | 999,909 | 972,412 | 997,851 | 984,631 |
| Total liabilities and stockholders' equity | 1,288,773 | 1,247,717 | 1,299,384 | 1,294,387 |
PERDOCEO EDUCATION Corp (PRDO)
PERDOCEO EDUCATION Corp (PRDO)