| Cash Flow | 2026-05-31 | 2026-02-28 | 2025-11-30 |
|---|---|---|---|
| Net revenue | 271,801 | 222,461 | 262,027 |
| Compensation and related costs | 115,580 | 112,785 | 133,300 |
| Advertising | 47,705 | 48,248 | 43,060 |
| Provision for credit losses on accounts receivable | 8,510 | 6,496 | 9,579 |
| Strategic alternatives, restructuring and other | 11,937 | 5,108 | 14,628 |
| Other | 36,243 | 35,818 | 35,866 |
| Total costs and expenses | 219,975 | 208,455 | 236,433 |
| Operating income | 51,826 | 14,006 | 25,594 |
| Interest income | 2,183 | 1,776 | 1,761 |
| Interest expense | 651 | 550 | 215 |
| Income before income taxes | 53,358 | 15,232 | 27,140 |
| Provision for income taxes | 14,452 | 4,763 | 11,662 |
| Net income | 38,906 | 10,469 | 15,478 |
| Share-based compensation | 8,458 | 9,667 | 29,499 |
| Depreciation and amortization | 5,595 | 5,725 | 5,480 |
| Non-cash lease expense | 1,803 | 1,796 | 1,789 |
| Impairment charges and asset disposal losses | 89 | 500 | 20 |
| Provision for credit losses on accounts receivable | 8,510 | 6,496 | 9,579 |
| Deferred income taxes | -880 | -948 | 8,759 |
| Accounts receivable | 69,970 | -41,047 | 33,180 |
| Prepaid income taxes | -6,783 | 12,595 | -799 |
| Other assets | -8,135 | -480 | 10,563 |
| Accounts payable | -6,146 | 6,189 | -1,364 |
| Accrued compensation and benefits | -8,476 | 9,662 | -10,163 |
| Student deposits | -2,334 | 2,304 | -3,425 |
| Deferred revenue | 37,926 | -23,000 | 23,910 |
| Operating lease liabilities | -2,638 | -2,506 | -2,455 |
| Other liabilities | 10,969 | -6,399 | -3,096 |
| Net cash provided by operating activities | 36,730 | 48,887 | 31,067 |
| Purchases of property and equipment | 4,920 | 5,369 | 4,716 |
| Purchases of marketable securities | 108,054 | 4,037 | 6,029 |
| Sales of marketable securities | 14,758 | 0 | 0 |
| Maturities of marketable securities | 2,611 | 10,604 | 600 |
| Acquisition, net of cash acquired | 0 | 0 | 0 |
| Other investing activities | 62 | 46 | - |
| Net cash used in investing activities | -95,667 | 1,152 | -10,145 |
| Common stock repurchased | 3,963 | - | - |
| Payments of dividends and dividend equivalents | 8,309 | 8,345 | 721 |
| Payroll taxes paid on share-based awards | 2,603 | 1,369 | 2,178 |
| Proceeds from stock option exercises | 456 | - | - |
| Payments of dividends and dividend equivalents to noncontrolling interests | 0 | 0 | - |
| Capital distributions to limited partners | 0 | 0 | - |
| Net cash used in financing activities | -14,419 | -9,714 | -2,899 |
| Net change in cash and restricted cash | -73,356 | 40,325 | 18,023 |
| Cash and restricted cash, beginning of period | 231,349 | 191,024 | 173,001 |
| Cash and restricted cash, end of period | 157,993 | 231,349 | 191,024 |
Phoenix Education Partners, Inc. (PXED)
Phoenix Education Partners, Inc. (PXED)