PRDO at a glance
PERDOCEO EDUCATION Corp (PRDO, SEC CIK 1046568) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 14, 2026 and Form 4 insider filings as recently as September 17, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), PERDOCEO EDUCATION Corp (PRDO) reported revenue of $846.1 million (up 24.2% from FY2024) and net income of $159.9 million. Diluted EPS was $2.42.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding PERDOCEO EDUCATION Corp (PRDO) shares worth $1.0 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by NELSON TODD S on September 15, 2026 of 46,199 shares at $32.89 per share.
- In the last 90 days, PRDO insiders reported 0 open-market purchases ($0) and 2 open-market sales ($1.9M) on Form 4, a net sale of $1.9M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $846.1M
- +24.2% vs prior year
- Insiders · 90 days
- 0 buys · 2 sells
- Net −$1.9M
- 13F holders
- 30 funds
- $1.0B · −1 vs prior quarter
- Latest 8-K
- Sep 14, 2026
- Item 1.01 · Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: For-profit postsecondary education provider relying heavily on federal Title IV student aid programs
- New regulatory environment post-2024 U.S. election with broad changes from July 2025 Reconciliation Act impacting federal student aid eligibility and loan limits
- Strategic focus on compliance with evolving federal rules including new earnings-based loan accountability and 90-10 Rule revenue diversification efforts
- Fiscal year 2026 cohort default rates for all institutions at 0%, marking notable improvement amid recent regulatory scrutiny
- Ongoing risks from potential loss of Title IV eligibility, accreditation challenges, and borrower defense liabilities specific to this filing year
Risk Factors
- Regulatory risk: Compliance with revised 90-10 Rule including American Rescue Plan Act amendments, effective July 1, 2023, complicates calculation of federal revenue percentages, increasing risk of Title IV funding loss
- Geopolitical/macroeconomic risk: Enrollment mix and unexpected changes in student funding sources directly affect 90-10 compliance, creating revenue eligibility uncertainty
- Operational risk: Dependence on the Department’s student loan servicers amid repayment transition struggles and litigation impacting SAVE plan disrupts cohort default rate management
- Legal risk: Ongoing litigation and regulatory uncertainty around Borrower Defense to Repayment (BDR) rules, including Supreme Court review and injunctions, threaten potential loan forgiveness liabilities
- Financial risk: Institutions must maintain a Department “Composite Score” of at least 1.0 to avoid posting letters of credit or cash monitoring, reflecting liquidity and profitability pressures
Management Discussion & Analysis
- Revenue $846.1M, up 24.2% YoY (+$164.8M), driven by USAHS acquisition (+$147.5M) and CTU enrollment growth (+4.1%)
- Operating income $196.0M, up 12.5% YoY ($174.3M prior); operating margin 23.2% vs 25.6%; adjusted operating income $237.6M vs $188.9M
- Best segment: CTU operating income $180.6M (+3.4%), margin 39.1%; worst segment: Corporate & Other loss improved to -$23.8M (-22.2%)
- Total student enrollments +7.3% YoY to 44,400; CTU +6.6%, AIUS +11.2%, USAHS +2.6%
- Cash flow details not explicitly disclosed; no specific buybacks/dividends mentioned; capex implied in strategic investments but no amounts given
- 2026 outlook: adjusted operating income expected higher due to enrollment and revenue growth; tax rate guidance 23.5%-24.5%; risks include regulatory uncertainty from new Administration and Congress
AI summary of the PRDO 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No risk-factors section provided; submitted text covers equity repurchases, exhibits, and signatures
- New $100.0 million repurchase authorization approved January 2, 2026, expiring June 30, 2027
- $85,015,655 remaining under repurchase program at June 30, 2026
- 286,481 shares withheld for employee tax obligations under restricted stock-unit vesting
AI summary of the PRDO 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 1.01: Entry into a Material Definitive Agreement
- Acquisition of 100% of South University, a nonprofit institution transitioning to for-profit ownership
- South generated $291M revenue and $34M adjusted operating income in 2025, serving approximately 10,500 students
Item EX-99.1: Item EX-99.1
- Definitive agreement to acquire 100% of South University, with closing targeted as early as April 2027
- Cash consideration of approximately $130 million–$150 million at closing, plus $18 million deferred over 24 months
Item 7.01: Regulation FD Disclosure
- Proposed acquisition requires regulatory and educational-agency approvals, including U.S. Department of Education and SACSCOC consent
- Nonprofit-to-for-profit conversion creates additional state attorneys general and accreditation risk
Item 2.02: Results of Operations and Financial Condition
- Q2 and year-to-date results through June 30, 2026 furnished in Exhibit 99.1
- Third-quarter and full-year 2026 outlook included in the earnings release
Item EX-99.1: Item EX-99.1
- 2Q26 revenue rose 1.8% to $213.4M, while diluted EPS increased 21.0% to $0.75
- Year-to-date operating income climbed 14.4% to $118.0M, with margin reaching 27.1% versus 24.4%
Item 5.07: Submission of Matters to a Vote of Security Holders
- All nine director nominees elected, preserving board continuity
- 2026 Long-Term Incentive Plan approved with 51,753,505 votes for
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Stockholders approved 2026 Long-Term Incentive Plan at May 21, 2026 annual meeting
- 4,500,000 shares authorized, plus recycling of certain canceled or forfeited 2016 Plan awards
AI summaries of PRDO 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for PRDO
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| NELSON TODD S | Sell | Sep 15, 2026 | 46,199 | $32.89 |
| Jackson Gregory L. | M | Aug 11, 2026 | 11,271 | - |
| Jackson Gregory L. | M | Aug 11, 2026 | 11,271 | $9.69 |
| Jackson Gregory L. | Sell | Aug 11, 2026 | 11,271 | $31.78 |
| GONZALES KENDA B | M | Jun 4, 2026 | 9,308 | $7.22 |
| GONZALES KENDA B | M | Jun 4, 2026 | 9,308 | - |
| GONZALES KENDA B | Sell | Jun 4, 2026 | 9,308 | $34.79 |
| Jackson Gregory L. | A | May 21, 2026 | 3,987 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $710.0M | $681.3M | $846.1M |
| Operating Income | $150.4M | $174.3M | $196.0M |
| Net Income | $147.7M | $147.6M | $159.9M |
| Op. Margin | 21.2% | 25.6% | 23.2% |
| Net Margin | 20.8% | 21.7% | 18.9% |
| Balance Sheet | |||
| Total Assets | $1.0B | $1.2B | $1.2B |
| Equity | $841.4M | $959.5M | $972.4M |
| ROE | 17.5% | 15.4% | 16.4% |
| Per Share | |||
| EPS | - | $2.19 | $2.42 |
| Cash Flow | |||
| Operating CF | $112.0M | $161.6M | $225.2M |
Source: XBRL data in PERDOCEO EDUCATION Corp (PRDO)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate PRDO share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $1.02B |
| Q1 2026 | 31 | $1.17B |
| Q4 2025 | 29 | $919.1M |
| Q3 2025 | 29 | $1.23B |
| Q2 2025 | 30 | $1.13B |
| Q1 2025 | 26 | $628.5M |
| Q4 2024 | 23 | $576.1M |
| Q3 2024 | 19 | $365.8M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 217 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
PRDO filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Sep 17, 2026 | - | - | - |
| 8-K | Sep 14, 2026 | - | Analysis | - |
| 4 | Aug 12, 2026 | - | - | - |
| 10-Q | Aug 6, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 6, 2026 | - | Analysis | - |
| 4 | Jun 5, 2026 | - | - | |
| 8-K | May 27, 2026 | - | Analysis | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 26, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 4 | May 13, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 30, 2026 | - | - | |
| 4 | Apr 7, 2026 | - | - | - |
| 4 | Mar 25, 2026 | - | - | - |
| 4 | Mar 25, 2026 | - | - | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 17, 2026 | - | - | - |
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PRDO SEC filings: frequently asked questions
Are PRDO insiders buying or selling?
In the last 90 days, PERDOCEO EDUCATION Corp (PRDO) officers, directors and 10% owners reported no open-market purchases and 2 open-market sales worth $1.9 million by 2 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold PRDO stock?
As of June 30, 2026, the largest PERDOCEO EDUCATION Corp (PRDO) holders among the 13F filers tracked by SignalX were BlackRock ($294.2 million), Dimensional Fund Advisors ($128.6 million), Renaissance Technologies LLC ($105.6 million), Vanguard Capital Management LLC ($87.4 million), State Street Corp ($80.2 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was PRDO's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), PERDOCEO EDUCATION Corp (PRDO) reported revenue of $846.1 million (up 24.2% from FY2024) and net income of $159.9 million. Diluted EPS was $2.42. The figures come from the XBRL data in the 10-K.
What are the main risks in PRDO's latest 10-K?
In the 10-K filed February 19, 2026, PERDOCEO EDUCATION Corp (PRDO) flagged: Regulatory risk: Compliance with revised 90-10 Rule including American Rescue Plan Act amendments, effective July 1, 2023, complicates calculation of federal revenue percentages, increasing risk of Title IV funding loss. Geopolitical/macroeconomic risk: Enrollment mix and unexpected changes in student funding sources directly affect 90-10 compliance, creating revenue eligibility uncertainty. (AI summary of the Risk Factors section.)
What did PRDO report in its latest 8-K?
PERDOCEO EDUCATION Corp (PRDO) filed an 8-K on September 14, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement) and Item 7.01 (Regulation FD Disclosure). Acquisition of 100% of South University, a nonprofit institution transitioning to for-profit ownership.
What are the latest PRDO SEC filings?
PERDOCEO EDUCATION Corp (PRDO) filed its latest 10-K annual report on February 19, 2026, a 10-Q quarterly report on August 6, 2026, an 8-K current report on September 14, 2026 and a Form 4 insider filing on September 17, 2026.
What is PRDO's SEC CIK number?
PERDOCEO EDUCATION Corp (PRDO)'s SEC Central Index Key (CIK) is 1046568. EDGAR lists every PRDO filing under that number.
Ask anything about PRDO
The research agent reads PRDO's filings, financials, insider trades and 13F holders, then answers with sources.