Perdoceo Education Corporation

Filing receipts

“Current quarter operating income for CTU increased by 8.1% or $3.8 million as compared to the prior year quarter driven by the increase in revenue discussed above as well as decreased bad debt expense, which partially offset increases within other operating expenses.”

“The improvement was primarily driven by higher revenue at CTU and USAHS as well as decreased depreciation and amortization expense at USAHS and decreased bad debt expense at CTU and AIUS as compared to the prior year quarter.”

“General and Administrative Expense (dollars in thousands) For the Quarter Ended March 31, 2026 2025 2026 vs 2025 % Change General and administrative: Advertising and marketing $ 28,316 $ 27,958 1.3% Admissions 22,482 22,465 0.1% Administrative 45,666 42,947 6.3% Bad debt 5,745 7,558 -24.0% Total general and administrative expense $ 102,209 $ 100,928 1.3% The general and administrative expense for the current quarter increased by 1.3% or $1.3 million as compared to the prior year quarter primarily due to higher advertising and marketing and administrative costs, which was only partially offset with reduced bad debt.”