---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-004118"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T01:19:51.508991+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Perdoceo Q4 revenue up 10.2% to $176.1M; GAAP EPS $0.23 vs $0.35; FY EPS $1.39 vs $1.55

## Summary
- Q4 revenue $176.1M (+10.2% YoY); CTU +13.1%, AIUS +5.9%.
- Q4 GAAP operating income $22.7M (-34.4%); adjusted operating income $32.4M (-22.9%).
- Full year revenue $695.2M (+0.3%); GAAP EPS $1.39 vs $1.55; adjusted EPS $1.63 vs $1.70.
- Total student enrollments 39,200 (-3.0% YoY); AIUS -10.8%, CTU +2.0%.
- Cash and short-term investments $518.2M at Dec 31, 2022.

## SEC filing metadata
- accession: 0000950170-23-004118
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1046568/000095017023004118/0000950170-23-004118-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000095017023004118/prdo-20230223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-004118
- JSON: https://secwatch.observer/filing/0000950170-23-004118.json
- Plain text: https://secwatch.observer/filing/0000950170-23-004118.txt

## Key facts
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the year ended December 31, 2022 results: revenue $695.2 million, EPS $1.39 per diluted share.
  - Period: the year ended December 31, 2022
  - Revenue: $695.2 million
  - EPS: $1.39 per diluted share
  - Result: reported results
  source text: Revenue increased 0.3% to $695.2 million, with a 2.7% increase at CTU mostly offset by a 3.1% decline at AIUS. • Operating income decreased 13.0% to $129.6 million, while adjusted operating income decreased 6.6% to $164.0 million.* • Earnings per diluted share was $1.39 as compared to $1.55, while adjusted earnings per diluted share was $1.63 as compared to $1.70.*
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017023004118/0000950170-23-004118-index.htm
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the quarter ended December 31, 2022 results: revenue $176.1 million, EPS $0.23 per diluted share.
  - Period: the quarter ended December 31, 2022
  - Revenue: $176.1 million
  - EPS: $0.23 per diluted share
  - Result: reported results
  source text: Revenue increased 10.2% to $176.1 million, with a 13.1% increase at CTU and a 5.9% increase at AIUS. • Operating income decreased 34.4% to $22.7 million, while adjusted operating income decreased 22.9% to $32.4 million, primarily due to certain one-time investments within our academic institutions.* • Earnings per diluted share was $0.23 as compared to $0.35, while adjusted earnings per diluted share was $0.31 as compared to $0.40.*
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017023004118/0000950170-23-004118-index.htm

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