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Perdoceo Education cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$77.6M in Q3 2026 · $256M over twelve months

Operating cash flow$79.7M
Capital spending−$2.2M
Free cash flow+$77.6M
Cash / net income1.8×

Analysis

In Q3 2026, Perdoceo Education generated $79.7M of operating cash flow and spent $2.2M on capital projects, leaving free cash flow of $77.6M. That is $38.2M more than in Q3 2025 ($39.4M).

Over the twelve months to Sep 30, 2026, operating cash flow was $264M; the largest uses were other investing ($104M), buybacks ($88.9M), other financing ($40.2M); besides operations, cash came from shares issued ($995K); the cash balance rose by $8.1M.

Operating cash flow was $79.7M against net income of $44.4M — 1.8× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$9.4M, stock-based pay +$3.1M.

Free cash flow

Perdoceo Education: free cash flow by quarterPerdoceo Education: free cash flow by quarter$16.0MQ4 2024$63.4MQ1 2025$76.0MQ2 2025$39.4MQ3 2025$37.9MQ4 2025$67.6MQ1 2026$73.1MQ2 2026$77.6MQ3 2026
Operating cash flow less capital spending.
Perdoceo Education: operating cash flow against capital spendingPerdoceo Education: operating cash flow against capital spendingOperating cash flowCapital spending$17.6M$1.6MQ4 2024$65.1M$1.7MQ1 2025$78.8M$2.8MQ2 2025$41.2M$1.9MQ3 2025$40.1M$2.2MQ4 2025$69.4M$1.7MQ1 2026$74.6M$1.5MQ2 2026$79.7M$2.2MQ3 2026
Latest (Q3 2026): Operating cash flow $79.7M, Capital spending $2.2M.

Capital allocation, year by year

Perdoceo Education: where the cash came from (up) and went (down), by fiscal yearPerdoceo Education: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $191MFY2021: Shares issued $861KFY2021: Capital spending −$10.5MFY2021: Acquisitions −$57.1MFY2021: Buybacks −$25.3M$192MFY2021FY2022: Operating cash flow $148MFY2022: Shares issued $1.2MFY2022: Capital spending −$12.6MFY2022: Acquisitions −$84.3MFY2022: Buybacks −$23.1M$149MFY2022FY2023: Operating cash flow $112MFY2023: Shares issued $2.5MFY2023: Capital spending −$6.4MFY2023: Buybacks −$8.3MFY2023: Dividends −$14.4M$115MFY2023FY2024: Operating cash flow $162MFY2024: Net borrowing −$398KFY2024: Shares issued $2.2MFY2024: Capital spending −$4.6MFY2024: Acquisitions −$138MFY2024: Buybacks −$6.8M$164MFY2024FY2025: Operating cash flow $225MFY2025: Net borrowing −$5.0MFY2025: Shares issued $1.6MFY2025: Capital spending −$8.6MFY2025: Acquisitions $854KFY2025: Buybacks −$121M$228MFY2025
Over these 5 years operating cash flow totalled $838M; the largest uses were acquisitions ($279M) and buybacks ($184M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$777M
Debtnone
Net cash$777M

Perdoceo Education funds itself: free cash flow was $256M over the last twelve months, with $777M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Perdoceo Education: sources (+) and uses (−) of cash, Q3 2026Perdoceo Education: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$79.7MCash drawn (+) / kept (−)−$25.1MOther investing−$20.3MBuybacks−$19.9MOther financing−$11.1MCapital spending−$2.2MNet borrowing (+) / repaid (−)−$1.4MShares issued$177K
Perdoceo Education: sources (+) and uses (−) of cash, TTM to Q3 2026Perdoceo Education: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$264MOther investing−$104MBuybacks−$88.9MOther financing−$40.2MTaxes on employees’ shares−$10.2MCash drawn (+) / kept (−)−$8.1MCapital spending−$7.7MNet borrowing (+) / repaid (−)−$5.3MShares issued$995K

From profit to cash

Perdoceo Education: net income to operating cash flow, Q3 2026Perdoceo Education: net income to operating cash flow, Q3 2026Net income$44.4MDepreciation & amortization$9.4MStock-based pay$3.1MOperating cash flow$79.7M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$79.7M−$2.2M−$19.9M−$1.4M$177K−$25.1M$77.6M
Q2 2026$74.6M−$1.5M−$6.8M−$1.3M$254K$1.4M$73.1M
Q1 2026$69.4M−$1.7M−$8.1M−$1.3M$502K−$32.8M$67.6M
Q4 2025$40.1M−$2.2M−$54.1M−$1.3M$62K$48.5M$37.9M
Q3 2025$41.2M−$1.9M−$20.6M−$1.2M$286K$12.9M$39.4M
Q2 2025$78.8M−$2.8M−$20.9M−$1.2M$317K−$40.0M$76.0M
Q1 2025$65.1M−$1.7M−$25.2M−$1.2M$978K−$21.9M$63.4M
Q4 2024$17.6M−$1.6M——$64K$107M$16.0M

Perdoceo Education: income statement and cash flow

Perdoceo Education, Q3 2026: revenue $216M (+2% year over year), operating margin 25.5%. The chart follows the revenue to costs, profit and cash.

Perdoceo Education: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.