Filing Flows › Perdoceo Education (PRDO) › Q2 2025
Perdoceo Education (PRDO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Perdoceo Education (PRDO) reported revenue of $210M for the second quarter 2025 (Q2 2025), +26% from a year earlier and -2% from the quarter before. Operating margin was 24.5%, net earnings $41.0M (19.6% of revenue).
Perdoceo Education, Q2 2025: revenue $210M (+26% year over year), operating margin 24.5%, net earnings $41.0M, operating cash flow $78.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $210M | -2% | +26% |
| Operating profit | $51.4M | -0.6% | +12% |
| Net earnings | $41.0M | -6% | +7% |
| Operating cash flow | $78.8M | +21% | +104% |
| Free cash flow | $76.0M | +20% | +102% |
What changed
Revenue was $209.6M in Q2 2025, up 26% year over year and down 2% from the previous quarter. Tuition and Fees Net was the largest line at 99% of revenue. Tuition and Fees Net added $43.0M year over year (up 26%), 100% of the total change. Product and Service Other declined 10%.
Operating profit was $51.4M, a 24.5% margin (down 3.1 points year over year). Of the extra revenue versus a year earlier, 13% reached operating profit, below the 28% margin then. Total costs grew 31% against revenue growth of 26%. The fastest-growing cost line was Other operating costs (+92%). Net earnings were $41.0M, up 7% year over year. The effective tax rate was 27.0%.
Operating cash flow was $78.8M (up 104% year over year), 192% of net earnings. Non-cash charges added back $10.1M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items added $25.0M. Capital expenditures of $2.8M left free cash flow of $76.0M.
Questions
What was Perdoceo Education's revenue in the second quarter 2025?
Perdoceo Education (PRDO) reported revenue of $210M for the second quarter 2025 (Q2 2025), +26% from a year earlier and -2% from the quarter before.
Was Perdoceo Education profitable in the second quarter 2025?
Operating profit was $51.4M (24.5% of revenue) and net earnings $41.0M.
Source: Perdoceo Education 10-Q on SEC EDGAR.