PRDO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-06

• our ability to successfully defend litigation and other claims brought against us; and

• Strategic investments in technology continue to improve student experiences across our academic institutions, while enhancing operating effectiveness within our functional areas. Ongoing artificial intelligence efforts focus on our students and classroom learning, as well as enhancing various operat…

• Revenue for the current quarter increased by 1.8% or $3.8 million to $213.4 million as compared to the prior year quarter, driven by increased revenue at USAHS and CTU. USAHS' revenue increased 10.2% or $3.8 million and CTU’s revenue increased 0.9% or $1.1 million, for the current quarter as compare…

• As part of the 2025 reconciliation bill noted above, federal student aid programs were modified to eliminate Grad PLUS loans, subject to some limited grandfathering for existing student borrowers as of July 1, 2026, for students enrolling in graduate and professional programs and to impose new annua…

• As part of the changes, classification as a “professional program” allows post-baccalaureate students enrolled in these programs to borrow up to $50,000 per year (instead of $20,500 per year) and up to a $200,000 aggregate loan limit (instead of a $100,000 aggregate loan limit). The Department’s fin…

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• Strategic investments in technology continue to improve student experiences across our academic institutions, while enhancing operating effectiveness within our functional areas. Ongoing artificial intelligence efforts focus on our students and classroom learning, as well as enhancing various operat…

• Revenue for the current quarter increased by 4.1% or $8.7 million as compared to the prior year quarter, driven by increased revenue at all three of our academic institutions. CTU’s revenue increased 4.0% or $4.7 million, and USAHS' revenue increased 9.8% or $3.8 million, for the current quarter as …

• The summary of selected financial data table below should be referenced in connection with a review of the following discussion of our results of operations for the quarters ended March 31, 2026 and 2025 (dollars in thousands):

• Revenue for the first quarter of 2026 ("current quarter") increased by 4.1% or $8.7 million as compared to the prior year quarter. The increase was supported by underlying student enrollment growth at our academic institutions.

• The educational services and facilities expense for the current quarter decreased by 3.0% or $1.5 million, compared to the prior year quarter driven by lower academics and student related costs at AIUS, along with reduced occupancy costs as compared to the prior year period.

Text added vs the prior filing · source: 10-Q · 2026-08-06

• There were no changes in our internal control over financial reporting that occurred during the quarter ended June 30, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2026-05-07

• information required to be disclosed by us in our reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decis…

• There were no changes in our internal control over financial reporting that occurred during the quarter ended March 31, 2026 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.