Perdoceo Education Corp. Q1 2025 Filing
Ticker: PRDO · Form: 10-Q · Filed: 2025-05-01T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, education, financials
TL;DR
Perdoceo Education Q1 2025: Tuition & fees net detailed across university groups.
AI Summary
Perdoceo Education Corp. reported its first quarter 2025 results, ending March 31, 2025. The company, formerly known as Career Education Corp., operates in the educational services sector. Key financial data points and segment information are detailed within the filing, including tuition and fees net for various university groups.
Why It Matters
This filing provides insight into Perdoceo's financial performance and operational status for the first quarter of 2025, impacting investors and stakeholders in the education sector.
Risk Assessment
Risk Level: medium — The filing contains financial data and operational details that could influence investment decisions, but lacks significant forward-looking statements or major corporate events that would elevate the risk.
Key Numbers
- 20250331 — Report Period End Date (Indicates the end of the reporting period for this 10-Q filing.)
- 20250501 — Filing Date (The date the 10-Q was officially filed with the SEC.)
- 2024-03-31 — Prior Year Q1 End Date (Provides a comparative point for Q1 2025 results.)
- 2024-12-31 — Prior Year End Date (Relevant for balance sheet items and year-over-year comparisons.)
Key Players & Entities
- PERDOCEO EDUCATION Corp (company) — Filer
- CAREER EDUCATION CORP (company) — Former company name
- 1750 E. GOLF ROAD (location) — Business and Mail Address
- SCHAUMBURG (location) — City for Business and Mail Address
- IL (location) — State for Business and Mail Address
- 60173 (location) — ZIP code for Business and Mail Address
- 847-781-3600 (phone_number) — Business Phone
FAQ
What were Perdoceo Education Corp.'s total net tuition and fees for the first quarter of 2025?
The filing indicates 'TuitionAndFeesNetMember' for 'UniversityGroupMember' and 'CTUMember' for the period 2025-01-01 to 2025-03-31, but the specific dollar amount is not directly extractable from the provided text snippet.
Which university groups are mentioned in the filing?
The filing mentions 'CTUMember', 'AIUSMember', and 'USAHSMember' as part of the 'UniversityGroupMember'.
What is the company's primary business sector?
Perdoceo Education Corp. is in the 'SERVICES-EDUCATIONAL SERVICES [8200]' sector.
When did the company change its name from Career Education Corp.?
The date of the name change from Career Education Corp. was September 23, 1997.
What is the company's state of incorporation?
Perdoceo Education Corp. is incorporated in Delaware (DE).
From the Filing
0000950170-25-061803.txt : 20250501 0000950170-25-061803.hdr.sgml : 20250501 20250501160220 ACCESSION NUMBER: 0000950170-25-061803 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 75 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250501 DATE AS OF CHANGE: 20250501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PERDOCEO EDUCATION Corp CENTRAL INDEX KEY: 0001046568 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-EDUCATIONAL SERVICES [8200] ORGANIZATION NAME: 07 Trade & Services EIN: 363932190 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-23245 FILM NUMBER: 25902878 BUSINESS ADDRESS: STREET 1: 1750 E. GOLF ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 847-781-3600 MAIL ADDRESS: STREET 1: 1750 E. GOLF ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 FORMER COMPANY: FORMER CONFORMED NAME: CAREER EDUCATION CORP DATE OF NAME CHANGE: 19970923 10-Q 1 prdo-20250331.htm 10-Q 10-Q false --12-31 Q1 0001046568 http://www.perdoceoed.com/20250331#PresidentAndChiefExecutiveOfficerMember 0001046568 prdo:CTUMember prdo:AdvertisingAndMarketingMember 2024-01-01 2024-03-31 0001046568 prdo:CTUMember 2025-03-31 0001046568 prdo:AIUSMember prdo:UniversityGroupMember prdo:TuitionAndFeesNetMember 2024-01-01 2024-03-31 0001046568 prdo:TuitionNetMember prdo:UniversityOfStAugustineForHealthSciencesLlcMember prdo:UniversityGroupMember 2025-01-01 2025-03-31 0001046568 us-gaap:FairValueInputsLevel2Member prdo:ShortTermNonGovernmentalDebtSecuritiesMember 2024-12-31 0001046568 2024-01-01 2024-03-31 0001046568 prdo:AIUSMember prdo:TechnologyAndOtherFeesMember prdo:UniversityGroupMember 2025-01-01 2025-03-31 0001046568 prdo:TuitionNetMember prdo:CTUMember prdo:UniversityGroupMember 2024-01-01 2024-03-31 0001046568 prdo:UniversityGroupMember prdo:USAHSMember 2025-03-31 0001046568 us-gaap:CommonStockMember 2024-12-31 0001046568 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001046568 us-gaap:CorporateAndOtherMember 2024-01-01 2024-03-31 0001046568 us-gaap:ProductAndServiceOtherMember 2024-01-01 2024-03-31 0001046568 us-gaap:TreasuryStockCommonMember 2024-01-01 2024-03-31 0001046568 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001046568 us-gaap:TreasuryStockCommonMember 2024-12-31 0001046568 prdo:AIUSMember prdo:AcademicsAndStudentRelatedMember 2024-01-01 2024-03-31 0001046568 prdo:CTUMember prdo:UniversityGroupMember 2024-01-01 2024-03-31 0001046568 prdo:AIUSMember prdo:AcademicsAndStudentRelatedMember 2025-01-01 2025-03-31 0001046568 prdo:DepreciationAndAmortizationMember prdo:CTUMember 2024-01-01 2024-03-31 0001046568 us-gaap:CommonStockMember 2025-03-31 0001046568 prdo:AdmissionsMember prdo:USAHSMember 2025-01-01 2025-03-31 0001046568 prdo:CTUMember prdo:UniversityGroupMember 2024-12-31 0001046568 us-gaap:MoneyMarketFundsMember 2025-03-31 0001046568 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001046568 us-gaap:ShortTermInvestmentsMember 2024-12-31 0001046568 prdo:CTUMember prdo:AcademicsAndStudentRelatedMember 2025-01-01 2025-03-31 0001046568 prdo:ShortTermTreasuryAndFederalAgenciesMember 2024-12-31 0001046568 prdo:AIUSMember prdo:UniversityGroupMember 2025-01-01 2025-03-31 0001046568 us-gaap:MoneyMarketFundsMember us-gaap:FairValueInputsLevel1Member 2025-03-31 0001046568 us-gaap:FairValueInputsLevel1Member 2025-03-31 0001046568 prdo:AllOtherExpensesMember prdo:CTUMember 2024-01-01 2024-03-31 0001046568 prdo:AIUSMember prdo:DepreciationAndAmortizationMember 2024-01-01 2024-03-31 0001046568 prdo:USAHSMember 2024-12-02 0001046568 prdo:CTUMember prdo:BadDebtMember 2025-01-01 2025-03-31 0001046568 prdo:AIUSMember prdo:UniversityGroupMember 2023-12-31 0001046568 prdo:CashAndCashEquivalentsFederalAgencyDebtSecuritiesMember us-gaap:FairValueInputsLevel2Member 2024-12-31 0001046568 prdo:TuitionNetMember prdo:CTUMember prdo:UniversityGroupMember 2025-01-01 2025-03-31 0001046568 2023-12-31 0001046568 prdo:AIUSMember prdo:UniversityGroup