Filing Flows › Perdoceo Education (PRDO) › Q3 2025
Perdoceo Education (PRDO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 4, 2025
Perdoceo Education (PRDO) reported revenue of $212M for the third quarter 2025 (Q3 2025), +25% from a year earlier and +1% from the quarter before. Operating margin was 24.1%, net earnings $39.9M (18.8% of revenue).
Perdoceo Education, Q3 2025: revenue $212M (+25% year over year), operating margin 24.1%, net earnings $39.9M, operating cash flow $41.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $212M | +1% | +25% |
| Operating profit | $51.0M | -0.9% | +14% |
| Net earnings | $39.9M | -3% | +4% |
| Operating cash flow | $41.2M | -48% | -19% |
| Free cash flow | $39.4M | -48% | -21% |
What changed
Revenue was $211.9M in Q3 2025, up 25% year over year and up 1% from the previous quarter. Tuition and Fees Net was the largest line at 99% of revenue. Tuition and Fees Net added $42.2M year over year (up 25%), 100% of the total change. Product and Service Other declined 14%.
Operating profit was $51.0M, a 24.1% margin (down 2.3 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, below the 26% margin then. Total costs grew 29% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+89%). Net earnings were $39.9M, up 4% year over year. The effective tax rate was 28.9%.
Operating cash flow was $41.2M (down 19% year over year), 103% of net earnings. Non-cash charges added back $10.0M of depreciation and amortization and $3.2M of share-based compensation. Working capital and other items used $11.8M. Capital expenditures of $1.9M left free cash flow of $39.4M.
Questions
What was Perdoceo Education's revenue in the third quarter 2025?
Perdoceo Education (PRDO) reported revenue of $212M for the third quarter 2025 (Q3 2025), +25% from a year earlier and +1% from the quarter before.
Was Perdoceo Education profitable in the third quarter 2025?
Operating profit was $51.0M (24.1% of revenue) and net earnings $39.9M.
Source: Perdoceo Education 10-Q on SEC EDGAR.