Perdoceo Education Corporation announced strong first-quarter 2025 operating and financial results, with total revenue increasing significantly by 26.6% to $213.0 million compared to the prior year. This growth was primarily driven by the inclusion of the University of St. Augustine for Health Sciences (USAHS), which contributed $39.2 million in revenue.
The company reported adjusted earnings per diluted share of $0.70 for Q1 2025, an increase from $0.60 in the prior year quarter. Operating income rose by 11.8% to $51.7 million, while adjusted operating income saw a 28.9% increase to $63.5 million. Total student enrollments grew by 16.7% to 48,200 students, with Colorado Technical University (CTU) enrollments up 10.6% to 33,400.
Based on these results, Perdoceo raised its full-year 2025 adjusted operating income guidance to a range of $220 million to $235 million and adjusted earnings per diluted share guidance to $2.40 to $2.56. The company also repurchased approximately 1.0 million shares for $25.2 million during the quarter and declared a quarterly dividend of $0.13 per share.
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