Filing Flows › Perdoceo Education (PRDO) › Q1 2025
Perdoceo Education (PRDO) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Perdoceo Education (PRDO) reported revenue of $213M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +21% from the quarter before. Operating margin was 24.3%, net earnings $43.7M (20.5% of revenue).
Perdoceo Education, Q1 2025: revenue $213M (+27% year over year), operating margin 24.3%, net earnings $43.7M, operating cash flow $65.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $213M | +21% | +27% |
| Operating profit | $51.7M | +39% | +12% |
| Net earnings | $43.7M | +39% | +11% |
| Operating cash flow | $65.1M | +270% | +20% |
| Free cash flow | $63.4M | +297% | +19% |
What changed
Revenue was $213.0M in Q1 2025, up 27% year over year and up 21% from the previous quarter. Tuition Net was the largest line at 95% of revenue. Tuition Net added $43.0M year over year (up 27%), 96% of the total change. Product and Service Other declined 9%.
Operating profit was $51.7M, a 24.3% margin (down 3.2 points year over year). Of the extra revenue versus a year earlier, 12% reached operating profit, below the 28% margin then. Total costs grew 32% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+75%). Net earnings were $43.7M, up 11% year over year. The effective tax rate was 22.7%.
Operating cash flow was $65.1M (up 20% year over year), 149% of net earnings. Non-cash charges added back $11.8M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $6.8M. Capital expenditures of $1.7M left free cash flow of $63.4M.
Questions
What was Perdoceo Education's revenue in the first quarter 2025?
Perdoceo Education (PRDO) reported revenue of $213M for the first quarter 2025 (Q1 2025), +27% from a year earlier and +21% from the quarter before.
Was Perdoceo Education profitable in the first quarter 2025?
Operating profit was $51.7M (24.3% of revenue) and net earnings $43.7M.
Source: Perdoceo Education 10-Q on SEC EDGAR.