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Universal Technical Institute (UTI) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Aug 6, 2026 · Universal Technical Institute (UTI) Q3 FY26 earnings results →

Q3 FY26 Revenue up 7% year over year to $219M · 1¢ of every $1 of revenue kept as net profit · operating margin 1.5%

Universal Technical Institute made $219M in Q3 FY26 (+7% Y/Y). Operating margin 1.5%, net earnings $2.3M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 6, 2026.

Revenue$219M
Year over year+7%
Operating margin1.5%
Net earnings$2.3M
Operating cash flow$10.3M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $218.9M in Q3 FY26, up 7% year over year and down 1% from the previous quarter.

Operating profit was $3.2M, a 1.5% margin (down 5.4 points year over year). Operating profit fell $10.9M even though revenue rose $14.6M versus Q3 FY25, so costs grew faster than sales. Total costs grew 13% against revenue growth of 7%. The fastest-growing cost line was SG&A (+15%). Net earnings were $2.3M, down 79% year over year. The effective tax rate was 26.5%.

Operating cash flow was $10.3M (down 43% year over year), 453% of net earnings. Non-cash charges added back $10.4M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $28.2M exceeded it, leaving free cash flow of −$17.9M.

Quarterly history

Universal Technical Institute revenue by quarterUniversal Technical Institute revenue by quarter$196MQ4 FY24$207MQ2 FY25$204MQ3 FY25$222MQ4 FY25$221MQ1 FY26$221MQ2 FY26$219MQ3 FY26
Universal Technical Institute net earnings by quarterUniversal Technical Institute net earnings by quarter$18.8MQ4 FY24$11.4MQ2 FY25$10.7MQ3 FY25$18.8MQ4 FY25$12.8MQ1 FY26$433KQ2 FY26$2.3MQ3 FY26
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 FY2610-QAug 6, 2026$219M+7%1.5%$2.3M$10.3M
Q2 FY2610-QMay 7, 2026$221M+7%0.2%$433K$4.0M
Q1 FY2610-QFeb 5, 2026$221M+10%7.1%$12.8M$3.1M
Q4 FY2510-KNov 26, 2025$222M+13%11.2%$18.8M$57.1M
Q3 FY2510-QAug 7, 2025$204M+15%6.9%$10.7M$18.1M
Q2 FY2510-QMay 8, 2025$207M+13%8.1%$11.4M−$789K
Q4 FY2410-KDec 5, 2024$196M+15%13.3%$18.8M$67.5M

Charts

Universal Technical Institute: revenue growth, year over year and quarter over quarterUniversal Technical Institute: revenue growth, year over year and quarter over quarterY/YQ/Q+15%Q4 FY24+13%+6%Q2 FY25+15%-2%Q3 FY25+13%+9%Q4 FY25+10%-1%Q1 FY26+7%+0%Q2 FY26+7%-1%Q3 FY26
Latest (Q3 FY26): Y/Y +7%, Q/Q -1%.
Universal Technical Institute: where the cash came from (+) and went (−), TTM to Q3 FY26Universal Technical Institute: where the cash came from (+) and went (−), TTM to Q3 FY26Capital spending−$97.4MNet borrowing (+) / repaid (−)$88.0MOperating cash flow$74.5MCash drawn (+) / kept (−)−$62.5MTaxes on employees’ shares−$8.8MOther investing$8.0MOther financing−$1.8M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Universal Technical Institute: profit against cash, quarter by quarterUniversal Technical Institute: profit against cash, quarter by quarterNet incomeOperating cash flow$18.8M$67.5MQ4 FY24$22.2M$23.0MQ1 FY25$11.4M−$789KQ2 FY25$10.7M$18.1MQ3 FY25$18.8M$57.1MQ4 FY25$12.8M$3.1MQ1 FY26$433K$4.0MQ2 FY26$2.3M$10.3MQ3 FY26
Latest (Q3 FY26): Net income $2.3M, Operating cash flow $10.3M.
Universal Technical Institute: diluted shares by fiscal yearUniversal Technical Institute: diluted shares by fiscal year30MFY2033MFY2134MFY2234MFY2351MFY2456MFY25
+84.7% since FY20: more shares outstanding (issuance, stock pay).
Universal Technical Institute: long-term debt falling due (FY25)Universal Technical Institute: long-term debt falling due (FY25)$2.9M2026$3.0M2027$47.8M2028$33.6M2029
Cash $127M, short-term investments $41.8M, long-term debt $87.1M at 2025-09-30.
Universal Technical Institute in its industry: growth against margin (22 companies, SIC 8200)Universal Technical Institute in its industry: growth against margin (22 companies, SIC 8200)revenue growth, year over year →↑ operating marginmedian +2%median 4%GHCLRNCVSALAURSTRALOPEPXEDPRDOAPEILINCCHGGNRDYBOXLLGCYAMBOPCSVDFP Holdings LtdKIDZKPEARMGLBRWCUTI (+7%, 2%)
Services-Educational Services; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Universal Technical Institute

Universal Technical Institute, Inc., which together with its subsidiaries is referred to as the “Company,” “we,” “us” or “our,” was founded in 1965 and is a leading workforce education provider for transportation, skilled trades, energy and healthcare programs serving students, partners, and communities nationwide. The company offers high-quality training programs and support services for in-demand careers through its two reportable segments (also referred to as “divisions”): Universal Technical Institute and Concorde Career Colleges. We offer the majority of our programs in a hands-on learning model through labs and clinical placements, as well as classroom delivery and blended delivery models. Our reporting structure is as follows:

In its own words, from its 10-K, filed Nov 26, 2025.

Universal Technical Institute against its Services-Educational Services peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +4%. Operating margin: 1.5% against the peers' median 12.0%.

CompanyQuarterRevenueY/YOp. margin
UTI Universal Technical InstituteQ3 FY26$219M+7%1.5%
GHC Graham HoldingsQ3 2026$1.3B+4%6.4%
BSAA Best SPAC I AcquisitionQ1 2026$1.2B—0.0%
LRN StrideQ1 FY27$639M+3%13.2%
CVSA CovistaQ1 FY27$512M+11%19.2%
LAUR Laureate EducationQ3 2026$485M+21%24.6%
STRA Strategic EducationQ3 2026$325M+2%-26.9%
LOPE Grand Canyon EducationQ3 2026$267M+2%19.3%
PXED Phoenix Education PartnersQ4 FY26$261M+1%12.0%

Source: Universal Technical Institute 10-Q on SEC EDGAR · CIK 1261654 · Services-Educational Services

13F: who owns UTI and who is buying

Largest holders of UTI (13F)Largest holders of UTI (13F)BlackRock$323MPrice T Rowe Associates$110MDriehaus Capital Management LLC$107MVanguard Capital Management LLC$94.6MVanguard Group$89.0MState Street$80.9MHood River Capital Management LLC$66.6MPraetorian PR LLC$57.7MDimensional Fund Advisors LP$55.1MAmerican Century Companies$53.9M
Funds' net buying of UTI by quarter (13F)Funds' net buying of UTI by quarter (13F)$21.5M2024-09−$21.4M2024-12$42.3M2025-03−$41.3M2025-06$5.2M2025-09$65.0M2025-12$123M2026-03$222M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on UTI

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

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中文版：Universal Technical Institute（UTI）财报

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