PERDOCEO EDUCATION Corp (PRDO) Financial Statements (2025 and earlier)

Company Profile

Business Address	1750 E. GOLF ROAD SCHAUMBURG, IL 60173
State of Incorp.	DE
Fiscal Year End	December 31
Industry (SIC)	82 - Educational Services (benchmarking)
More info	Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:		603,144	508,723	494,195	406,360	294,175	229,159
Cash and cash equivalent		118,009	109,408	319,982	105,684	108,687	32,394
Short-term investments		485,135	399,315	174,213	300,676	185,488	196,428
Other undisclosed cash, cash equivalents, and short-term investments							337
Restricted cash and investments		1,012	9,476	5,196	4,000
Receivables						55,018	28,751
Inventory, net of allowances, customer advances and progress billings		5,004	1,904	904	596	576	763
Inventory		5,004	1,904	904	596	576	763
Prepaid expense		11,712	8,411	6,919	8,209	7,299	7,771
Other current assets		155	597	2,514	341	1,936	437
Other undisclosed current assets		33,937	46,008	44,725	47,555	1,381	2,567
Total current assets:		654,964	575,119	554,453	467,061	360,385	269,448
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization							✕
Operating lease, right-of-use asset		19,096	26,156	36,664	44,773	50,366	✕
Property, plant and equipment		21,371	26,038	28,355	27,761	26,006	30,048
Long-term investments and receivables		1,200	1,100		1,300	1,244	942
Long-term investments		1,200	1,100
Accounts and financing receivable, after allowance for credit loss					1,300	1,244	942
Intangible assets, net (including goodwill)		277,381	297,104	194,787	133,834	95,256	95,256
Goodwill		241,162	243,540	162,579	118,312	87,356	87,356
Intangible assets, net (excluding goodwill)		36,219	53,564	32,208	15,522	7,900	7,900
Disposal group, including discontinued operation, noncurrent assets						81	178
Deferred income tax assets		23,804	24,613	25,114	40,351	60,169	✕
Other noncurrent assets		6,841	6,488	6,688	6,434	5,639	4,993
Other undisclosed noncurrent assets		2,659	750	1,372	3		81,628
Total noncurrent assets:		352,352	382,249	292,980	254,456	238,761	213,045
TOTAL ASSETS:		1,007,316	957,368	847,433	721,517	599,146	482,493
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities		60,927	76,259	51,541	49,243	56,900	54,865
Taxes payable	✕	✕	✕	211	1,402	1,376	1,472
Employee-related liabilities	✕	✕	✕	25,312	22,661	27,616	24,530
Accounts payable		10,766	13,518	10,838	13,259	11,533	9,195
Accrued liabilities		50,161	62,741	15,180	11,921	16,375	19,668
Deferred revenue		37,215	71,590	70,613	34,534	24,647	✕
Debt						11,784
Liability for uncertainty in income taxes		2,000	5,700	1,200	1,000	1,000	1,000
Estimated litigation liability						7,100
Disposal group, including discontinued operation						3	536
Contract with customer, liability	✕	✕	✕	✕	✕	✕	32,351
Other undisclosed current liabilities		10,897	9,832	16,890	19,038	2,379	8,300
Total current liabilities:		111,039	163,381	140,244	103,815	103,813	97,052
Noncurrent Liabilities
Long-term debt and lease obligation				35,549	43,405	52,391
Long-term debt, excluding current maturities
Finance lease, liability							✕
Liabilities, other than long-term debt		54,856	68,142	21,530	18,390	11,647	30,238
Deferred rent credit							12,745
Other liabilities		33,510	40,856	21,530	18,390	11,647	17,493
Operating lease, liability		21,346	27,286	35,549	43,405	52,391	✕
Total noncurrent liabilities:		54,856	68,142	57,079	61,795	64,038	30,238
Total liabilities:		165,895	231,523	197,323	165,610	167,851	127,290
Equity
Equity, attributable to parent		841,421	725,845	650,110	555,907	431,295	355,203
Common stock		903	894	887	873	860	852
Treasury stock, value		(334,220)	(301,624)	(276,895)	(246,088)	(227,315)	(220,700)
Additional paid in capital		694,798	684,183	674,242	658,423	639,335	628,295
Accumulated other comprehensive income (loss)		(666)	(5,447)	(96)	364	344	(298)
Retained earnings (accumulated deficit)		480,606	347,839	251,972	142,335	18,071	(52,946)
Total equity:		841,421	725,845	650,110	555,907	431,295	355,203
TOTAL LIABILITIES AND EQUITY:		1,007,316	957,368	847,433	721,517	599,146	482,493

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenues		710,004	695,208	693,034	687,314	627,704	581,296
Gross profit:		710,004	695,208	693,034	687,314	627,704	581,296
Operating expenses		(559,558)	(565,571)	(544,018)	(544,380)	(541,242)	(509,998)
Operating income:		150,446	129,637	149,016	142,934	86,462	71,298
Nonoperating income		41,675	4,632	68	3,896	6,560	3,054
Investment income, nonoperating		19,980	6,866	930	3,852	6,392	3,539
Other nonoperating income (expense)		22,099	(1,834)	58	211	335	196
Interest and debt expense		(404)	(400)	(920)	(167)	(167)	(681)
Income from continuing operations before equity method investments, income taxes:		191,717	133,869	148,164	146,663	92,855	73,671
Loss from equity method investments			(1,800)
Income from continuing operations before income taxes:		191,717	132,069	148,164	146,663	92,855	73,671
Income tax expense		(44,469)	(38,402)	(39,430)	(22,476)	(22,428)	(18,561)
Income from continuing operations:		147,248	93,667	108,734	124,187	70,427	55,110
Income before gain (loss) on sale of properties:	✕	✕	✕	108,717	124,097	69,815	54,500
Loss from discontinued operations				(17)	(90)	(612)	(610)
Other undisclosed net income		404	2,200	920	167	167	681
Net income:		147,652	95,867	109,637	124,264	69,982	55,181
Other undisclosed net income attributable to parent
Net income available to common stockholders, diluted:		147,652	95,867	109,637	124,264	69,982	55,181

Comprehensive Income ($ in thousands)
Annual | Quarterly

	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net income:	147,652	95,867	109,637	124,264	69,982	55,181
Other comprehensive income (loss)	4,781	(5,351)	(460)	20	642	(134)
Comprehensive income:	152,433	90,516	109,177	124,284	70,624	55,047
Other undisclosed comprehensive income, net of tax, attributable to parent
Comprehensive income, net of tax, attributable to parent:	152,433	90,516	109,177	124,284	70,624	55,047

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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PERDOCEO EDUCATION Corp (PRDO) Financial Statements (2025 and earlier)

Company Profile

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

Comprehensive Income ($ in thousands)
Annual | Quarterly

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PERDOCEO EDUCATION Corp (PRDO) Financial Statements (2025 and earlier)

Company Profile

Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly

Income Statement (P&L) ($ in thousands)Annual | Quarterly

Comprehensive Income ($ in thousands)Annual | Quarterly

Statements Sources

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Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

Comprehensive Income ($ in thousands)
Annual | Quarterly