Every material Form 8-K Perdoceo Education has filed with the SEC since July 31, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Perdoceo Education reported third-quarter 2026 diluted EPS of $0.70, up from $0.60, on revenue of $215.9 million, up 1.9%. The company also issued fourth-quarter and full-year 2026 outlook, with full-year diluted EPS expected at $2.93 to $2.97 compared with $2.42 in 2025.
Q3 operating income rose 8.1% to $55.1 million; CTU operating income fell 6.1% to $44.9 million, which the company attributes to higher legal fees.
Year-to-date diluted EPS was $2.31 versus $1.87, and year-to-date revenue rose 2.6% to $651.0 million.
Q4 2026 diluted EPS outlook is $0.63 to $0.67, compared with $0.54 in Q4 2025.
Board declared a quarterly dividend of $0.17 per share, payable December 11, 2026; the company repurchased $19.9 million of stock in the quarter.
Perdoceo Education agreed on September 14, 2026 to acquire 100% of South University Savannah, LLC from South University – Member, Inc., with a $150 million initial cash payment at closing before adjustments. The company said it expects to complete the deal as early as April 2027 and that it would be immediately accretive to adjusted operating income beginning in 2027, and it reaffirmed its fiscal 2026 adjusted operating income outlook of $258 million to $263 million.
Cash consideration: about $150 million at closing (subject to adjustments), $18 million deferred over 24 months, and up to $56 million in earn-outs tied to EBITDA for fiscal 2027 through 2029
South reported unaudited 2025 revenues of approximately $291 million and adjusted operating income of approximately $34 million
Closing is expected as early as April 2027, subject to regulatory and accreditor approvals; either party may terminate if closing has not occurred by July 9, 2027, with a termination fee of up to $20 million
Perdoceo reaffirmed its full-year 2026 adjusted operating income outlook of $258 million to $263 million
Perdoceo reported second-quarter 2026 revenue of $213.4 million, up 1.8%, and diluted EPS of $0.75, up from $0.62 a year earlier. It also raised its quarterly dividend 13.3% to $0.17 per share and gave a full-year 2026 diluted EPS outlook of $2.91 to $2.97, compared with $2.42 in 2025.
Q2 2026 operating income rose 6.8% to $54.9 million; adjusted operating income rose 4.4% to $64.2 million.
Year-to-date 2026 revenue rose 3.0% to $435.1 million and diluted EPS was $1.60, versus $1.27 a year earlier.
Third-quarter 2026 diluted EPS outlook is $0.68 to $0.69, versus $0.60 in the prior-year quarter.
The dividend of $0.17 per share is payable September 10, 2026 to holders of record as of September 1, 2026.
At its May 21, 2026 annual meeting, Perdoceo stockholders approved a new 2026 Long-Term Incentive Plan authorizing 4,500,000 shares, plus shares from certain expired or forfeited awards under the 2016 plan. Stockholders also elected nine directors, ratified Grant Thornton LLP as auditor for 2026, and approved executive compensation on an advisory basis, which gives shareholders a record of how the votes went.
The 2026 Plan authorizes 4,500,000 shares for issuance, plus shares underlying certain awards under the 2016 Plan that later expire, terminate, are canceled or are forfeited.
Plan approval vote: 51,753,505 for, 2,443,873 against, 14,331 abstentions and 4,273,446 broker non-votes.
Each of the nine director nominees received more votes for than against, with Alan D. Wheat having the lowest for count at 53,518,792 and 325,112 against.
The Compensation Committee approved forms of restricted stock unit, performance share unit and non-employee director restricted stock unit award agreements on May 21, 2026.
Perdoceo reported first-quarter 2026 results with revenue up 4.1% to $221.7 million, operating income up 22.0% to $63.1 million, and diluted EPS of $0.85 versus $0.65 a year earlier. The company also gave second-quarter and full-year 2026 outlook, with full-year GAAP diluted EPS expected at $2.86 to $2.97, which matters to shareholders because it sets expectations for profit through year-end.
Q1 2026 revenue rose 4.1% to $221.7 million from $213.0 million; net income was $54.0 million versus $43.7 million.
Total student enrollments were 48,740 at March 31, 2026, up 1.1% from 48,190; AIUS enrollment fell 2.2%.
Q2 2026 GAAP diluted EPS outlook is $0.74 to $0.75 (adjusted $0.79 to $0.80); full-year 2026 GAAP EPS outlook is $2.86 to $2.97 (adjusted $3.05 to $3.16).
Board declared a quarterly dividend of $0.15 per share, payable June 12, 2026 to holders of record as of June 1, 2026.
On March 10, 2026, Perdoceo's Compensation Committee approved a 2026 Annual Incentive Plan similar in all material respects to its 2025 plan. The plan ties 80% of payouts to company-wide adjusted operating income and 20% to individual goals, with payouts capped at 200% of target.
Approved by the Compensation Committee on March 10, 2026
Perdoceo Education reported fourth-quarter and full-year 2025 results that showed higher revenue, operating income and earnings per diluted share than in 2024, and gave a 2026 outlook for adjusted earnings per diluted share of $2.97 to $3.12, compared with $2.61 for 2025. For shareholders, the filing shows growth in both periods and a forecast for further adjusted earnings growth in 2026, while the company also declared a $0.15 quarterly dividend.
Q4 2025 revenue rose 20.0% to $211.6 million; GAAP earnings per diluted share were $0.54 versus $0.47 a year earlier.
Full-year 2025 revenue rose 24.2% to $846.1 million; GAAP earnings per diluted share were $2.42 versus $2.19.
2026 full-year outlook: GAAP earnings per diluted share of $2.78 to $2.93 and adjusted earnings per diluted share of $2.97 to $3.12.
Board declared a $0.15 quarterly dividend on February 19, 2026, and approved a new $100.0 million buyback program on January 2, 2026.
Perdoceo reported third-quarter 2025 revenue up 24.8% to $211.9 million and GAAP diluted earnings per share of $0.60, compared with $0.57 a year earlier, and provided full-year 2025 GAAP EPS guidance of $2.35 to $2.37. The results include the USAHS acquisition completed on December 2, 2024, and the company returned $30.3 million to shareholders in the quarter through buybacks and dividends.
Q3 revenue rose 24.8% to $211.9 million; operating income rose 13.8% to $51.0 million.
Q3 GAAP diluted EPS was $0.60 versus $0.57; adjusted diluted EPS was $0.65 versus $0.59.
Full-year 2025 GAAP EPS outlook is $2.35 to $2.37, versus $2.19 for 2024; Q4 outlook is $0.48 to $0.50 versus $0.47.
Board declared a quarterly dividend of $0.15 per share, payable December 12, 2025.
Perdoceo Education reported second-quarter 2025 revenue of $209.6 million, up 25.7% from $166.7 million a year earlier, and GAAP diluted earnings per share of $0.62 versus $0.57. The board also raised the quarterly dividend 15.4% to $0.15 per share and approved a new $75.0 million share buyback, while the full-year 2025 GAAP earnings per share outlook of $2.29 to $2.36 compares with $2.19 in 2024.
Q2 2025 revenue $209.6 million, up 25.7% from $166.7 million; operating income $51.4 million, up 11.7%.
GAAP diluted EPS $0.62 for the quarter versus $0.57; year to date $1.27 versus $1.16.
Full-year 2025 GAAP EPS outlook $2.29 to $2.36 versus $2.19 in 2024; third-quarter outlook $0.55 to $0.57 versus $0.57.
Quarterly dividend raised to $0.15 per share, payable September 12, 2025; new $75.0 million buyback runs through January 31, 2027.
Perdoceo Education reported first-quarter 2025 revenue of $213.0 million, up 26.6%, and diluted earnings per share of $0.65 versus $0.59 a year earlier, with the USAHS acquisition and CTU enrollment growth cited as drivers. The company also updated its 2025 outlook, with full-year GAAP diluted EPS guided to $2.21 to $2.37 and second-quarter EPS to $0.59 to $0.61.
Revenue was $213.0 million, up from $168.3 million; USAHS contributed $39.2 million.
Diluted EPS was $0.65 versus $0.59; adjusted diluted EPS was $0.70 versus $0.60.
2025 GAAP diluted EPS outlook is $2.21 to $2.37; second-quarter outlook is $0.59 to $0.61.
Cash and investments totaled $612.2 million at March 31, 2025; the company repurchased $25.2 million of stock and declared a $0.13 quarterly dividend payable June 13, 2025.
On March 6, 2025, Perdoceo's compensation committee approved a 2025 Annual Incentive Plan similar to its 2024 plan, and approved pay increases for the CEO, CFO and general counsel effective March 1, 2025. The changes are compensation matters that do not alter reported results, and they show the board's pay structure for senior executives for the year.
2025 AIP weights adjusted operating income at 80% and individual goals at 20% for senior participants
Payouts require a threshold adjusted operating income level and are capped at 200% of target
CEO Todd Nelson's base salary rose 6.25% to $850,000; general counsel Greg Jansen's rose 6.05% to $412,000
CFO Ashish Ghia's long-term incentive target rose 20% to 180% of base salary
Perdoceo reported fourth-quarter 2024 revenue of $176.4 million, up 19.3%, and diluted EPS of $0.47 versus $0.26. For the full year, revenue fell 4.0% to $681.3 million while diluted EPS was $2.19 versus $2.18, and the company gave a 2025 full-year diluted EPS outlook of $2.11 to $2.31.
Q4 2024 operating income rose 133.2% to $37.2 million; full-year operating income rose 15.8% to $174.3 million.
Full-year 2024 adjusted diluted EPS was $2.29 versus $2.10 a year earlier; the company completed the USAHS acquisition in December 2024.
2025 outlook: full-year operating income of $172.0 million to $192.0 million and diluted EPS of $2.11 to $2.31.
Board declared a quarterly dividend of $0.13 per share, payable March 13, 2025 to holders of record on March 1, 2025.
Perdoceo Education Corporation appointed Hanna Skandera to its Board of Directors on February 3, 2025, after the Board voted to expand its eligible seats from eight to nine. The appointment is a board change with no financial results reported, and the filing describes her compensation as a non-employee director.
Board appointment effective February 3, 2025; term runs to the 2025 annual meeting of stockholders
Annual cash retainer of $80,000 plus an annual restricted stock unit grant with a $125,000 target value at grant
Prorated equity award with a $31,250 target value, scheduled for February 21, 2025, vesting March 14, 2026
Ms. Skandera has not yet been named to any Board committee
Perdoceo Education completed its acquisition of University of St. Augustine Parent Corp. on December 2, 2024, paying an aggregate cash price of $138.0 million net of cash acquired, subject to post-closing adjustments and escrow. The company reaffirmed its full-year 2024 adjusted operating income outlook of $188 million to $191 million and expects the deal to be accretive to adjusted operating income beginning in 2025.
Cash purchase price of $138.0 million net of cash acquired, subject to customary post-closing adjustments and escrow arrangements
Target had unaudited revenues of approximately $114M and unaudited operating income of approximately $10.5 million for the nine months ended September 30, 2024
Perdoceo reaffirmed its full-year 2024 adjusted operating income outlook of $188 million to $191 million
Company expects the deal to be accretive to adjusted operating income immediately beginning in 2025
Perdoceo reported third-quarter 2024 revenue of $169.8 million, down 5.6% from the prior year quarter, and diluted EPS of $0.57 versus $0.62. The company raised its full-year 2024 outlook, with adjusted EPS now expected at $2.25 to $2.28, while revenue and reported EPS declined in the quarter.
Q3 2024 revenue $169.8 million, down 5.6%; year-to-date revenue $504.8 million, down 10.2%
Q3 diluted EPS $0.57 vs. $0.62; adjusted diluted EPS $0.59 vs. $0.64
Q3 operating income up 4.0% to $44.8 million; enrollments up 11.0% to 40,400
Full-year 2024 adjusted EPS outlook $2.25 to $2.28 vs. $2.10 in 2023; quarterly dividend of $0.13 per share payable December 13, 2024
Perdoceo Education reported second-quarter 2024 revenue of $166.7 million, down 10.6% from a year earlier, and GAAP diluted earnings per share of $0.57 versus $0.80. Its outlook calls for lower third-quarter and full-year GAAP earnings per share than in the prior year, although the board also raised the quarterly dividend 18.2% to $0.13 per share.
Q2 2024 revenue was $166.7 million, down 10.6%; total student enrollments rose 4.2% to 39,600.
Q2 GAAP diluted EPS was $0.57 versus $0.80; adjusted EPS was $0.60 versus $0.61.
Outlook: Q3 2024 GAAP diluted EPS of $0.51 to $0.53 versus $0.62 in Q3 2023; full-year 2024 of $2.04 to $2.16 versus $2.18 in 2023.
Quarterly dividend raised 18.2% to $0.13 per share, payable September 13, 2024.
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