$PXED
Phoenix Education Partners, Inc.
CIK:0001600222|SEC Filings
Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
May 31, 2026 |
May 31, 2025 |
May 31, 2026 |
May 31, 2025 |
|||
| Income Statement [Abstract] | ||||||
| Net revenue | $ 271,801 | $ 271,703 | $ 756,289 | $ 749,801 | ||
| Costs and expenses: | ||||||
| Instructional and support | 110,284 | 110,446 | 330,774 | 325,779 | ||
| General and administrative | 97,754 | 83,320 | 302,416 | 255,703 | ||
| Strategic alternatives, restructuring and other | 11,937 | 6,837 | 31,673 | 17,886 | ||
| Total costs and expenses | 219,975 | 200,603 | 664,863 | 599,368 | ||
| Operating income | 51,826 | 71,100 | 91,426 | 150,433 | ||
| Interest income | 2,183 | 2,278 | 5,720 | 8,334 | ||
| Interest expense | (651) | (107) | (1,416) | (332) | ||
| Income before income taxes | 53,358 | 73,271 | 95,730 | 158,435 | ||
| Provision for income taxes | 14,452 | 18,622 | 30,877 | 40,564 | ||
| Net Income | 38,906 | 54,649 | 64,853 | 117,871 | ||
| Net loss (income) attributable to noncontrolling interests | 261 | (808) | 548 | (1,489) | ||
| Net income attributable to Phoenix Education Partners, Inc. | $ 39,167 | $ 53,841 | $ 65,401 | $ 116,382 | ||
| Earnings per share: | ||||||
| Basic | [1] | $ 1.09 | $ 1.51 | $ 1.83 | $ 3.27 | |
| Diluted | [1] | $ 1.01 | $ 1.42 | $ 1.69 | $ 3.08 | |
| Shares used in computing earnings per share: | ||||||
| Basic | 35,882 | 35,560 | 35,766 | 35,542 | ||
| Diluted | 38,920 | 37,966 | 38,799 | 37,831 | ||
| ||||||
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands |
May 31, 2026 |
Aug. 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 155,020 | $ 136,504 |
| Restricted cash and cash equivalents | 2,973 | 36,497 |
| Marketable securities | 75,051 | 9,005 |
| Accounts receivable, net | 96,475 | 58,957 |
| Prepaid income taxes | 8,173 | 3,160 |
| Other current assets | 23,176 | 21,827 |
| Total current assets | 360,868 | 265,950 |
| Marketable securities | 36,396 | 12,803 |
| Property and equipment, net | 38,282 | 38,846 |
| Goodwill | 3,732 | 3,732 |
| Intangible assets, net | 85,424 | 87,294 |
| Operating lease right-of-use assets, net | 36,532 | 41,920 |
| Deferred income taxes, net | 24,517 | 20,566 |
| Other assets | 22,896 | 22,451 |
| Total assets | 608,647 | 493,562 |
| Current liabilities: | ||
| Accounts payable | 24,375 | 25,696 |
| Accrued compensation and benefits | 19,557 | 28,534 |
| Student deposits | 7,594 | 11,049 |
| Deferred revenue | 76,046 | 37,210 |
| Current operating lease liabilities | 9,822 | 8,948 |
| Other current liabilities | 51,047 | 50,608 |
| Total current liabilities | 188,441 | 162,045 |
| Long-term operating lease liabilities | 55,879 | 64,352 |
| Other long-term liabilities | 37,895 | 27,110 |
| Total liabilities | 282,215 | 253,507 |
| Commitments and contingencies (Note 14 and Note 15) | ||
| Equity:(1) | ||
| General partner | 0 | 0 |
| Limited partners (35,596 shares outstanding as of August 31, 2025) | 0 | 246,735 |
| Preferred Stock ($0.01 par value; 5,000 shares authorized, no shares issued and outstanding) | 0 | 0 |
| Common Stock ($0.01 par value; 1,495,000 shares authorized, 36,010 shares issued and outstanding as of May 31, 2026) | 360 | 0 |
| Additional paid-in capital | 275,155 | 0 |
| Retained earnings | 48,747 | 0 |
| Accumulated other comprehensive (loss) income, net | (7) | 39 |
| Total Phoenix Education Partners, Inc. equity | 324,255 | 246,774 |
| Noncontrolling interests | 2,177 | (6,719) |
| Total equity | 326,432 | 240,055 |
| Total liabilities and equity | $ 608,647 | $ 493,562 |