---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-022625"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T04:58:20.933027+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Perdoceo Q3 revenue down 3.2% to $168.4M; adj. EPS $0.39 vs $0.45; full-year guidance raised

## Summary
- Revenue $168.4M (-3.2% YoY); CTU -6.9%, AIUS +2.4% (incl. July 2022 acquisition).
- GAAP diluted EPS $0.32 vs $0.39; adjusted EPS $0.39 vs $0.45 (down 13.3%).
- Total student enrollments fell 2.1%: CTU +2.7%, AIUS -9.5% as of Sept. 30.
- Cash & investments $525.2M; full-year operating income now expected to exceed prior outlook.
- Year-to-date operating income $107.0M (-6.5%); adjusted operating income $131.5M (-1.5%).

## SEC filing metadata
- accession: 0000950170-22-022625
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046568/000095017022022625/0000950170-22-022625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000095017022022625/prdo-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-022625
- JSON: https://secwatch.observer/filing/0000950170-22-022625.json
- Plain text: https://secwatch.observer/filing/0000950170-22-022625.txt

## Key facts
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the quarter and year to date ended September 30, 2022 results: revenue $519.1 million, EPS $1.16. Guidance raised.
  - Period: the quarter and year to date ended September 30, 2022
  - Revenue: $519.1 million
  - EPS: $1.16
  - Guidance: raised
  - Result: reported results
  source text: and financial results for the quarter and year to date ended September 30, 2022. Third Quarter 2022 Results as Compared to Prior Year Quarter • Revenue decreased 3.2% to $168.4 million, with a 6.9% decrease at CTU partially offset by a 2.4% increase at AIUS. • Operating income decreased 22.5% to $29.3 million, while adjusted operating income decreased 16.5% to
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017022022625/0000950170-22-022625-index.htm
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the quarter and year to date ended September 30, 2022 results: revenue $519.1 million, EPS $1.16. Guidance raised.
  - Period: the quarter and year to date ended September 30, 2022
  - Revenue: $519.1 million
  - EPS: $1.16
  - Guidance: raised
  - Result: reported results
  source text: For the year to date ended September 30, 2022, total revenue of $519.1 million decreased 2.6% compared to total revenue of $533.2 million for the prior year to date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017022022625/0000950170-22-022625-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.