Filing Flows › Perdoceo Education (PRDO) › Q1 2026
Perdoceo Education (PRDO) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Perdoceo Education (PRDO) reported revenue of $222M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +5% from the quarter before. Operating margin was 28.5%, net earnings $54.0M (24.3% of revenue).
Perdoceo Education, Q1 2026: revenue $222M (+4% year over year), operating margin 28.5%, net earnings $54.0M, operating cash flow $69.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $222M | +5% | +4% |
| Operating profit | $63.1M | +51% | +22% |
| Net earnings | $54.0M | +53% | +23% |
| Operating cash flow | $69.4M | +73% | +7% |
| Free cash flow | $67.6M | +79% | +7% |
What changed
Revenue was $221.7M in Q1 2026, up 4% year over year and up 5% from the previous quarter. Tuition and Fees Net was the largest line at 99% of revenue. Tuition and Fees Net added $8.8M year over year (up 4%), 100% of the total change. Product and Service Other declined 3%.
Operating profit was $63.1M, a 28.5% margin (up 4.2 points year over year). Of the extra revenue versus Q1 2025, 130% reached operating profit, above the 24% margin then. Total costs fell 2% while revenue rose 4%. Net earnings were $54.0M, up 23% year over year. The effective tax rate was 20.8%.
Operating cash flow was $69.4M (up 7% year over year), 129% of net earnings. Non-cash charges added back $9.3M of depreciation and amortization and $3.2M of share-based compensation. Capital expenditures of $1.7M left free cash flow of $67.6M.
Questions
What was Perdoceo Education's revenue in the first quarter 2026?
Perdoceo Education (PRDO) reported revenue of $222M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +5% from the quarter before.
Was Perdoceo Education profitable in the first quarter 2026?
Operating profit was $63.1M (28.5% of revenue) and net earnings $54.0M.
Source: Perdoceo Education 10-Q on SEC EDGAR.