---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-017878"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:34:45.671012+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Perdoceo Education Q1 revenue up 6.9% to $195.6M; adjusted EPS $0.58 vs $0.50

## Summary
- Revenue $195.6M (+6.9% YoY); CTU up 10.0%, AIUS up 1.9%.
- Operating income $43.3M (-0.8%); adjusted operating income $53.1M (+4.3%).
- Diluted EPS $0.50 GAAP; adjusted EPS $0.58 vs $0.50 prior year.
- Total student enrollments 37,900 (+0.8%); CTU flat, AIUS +2.1%.
- Cash, equivalents, restricted cash and short-term investments $520.3M.

## SEC filing metadata
- accession: 0000950170-23-017878
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1046568/000095017023017878/0000950170-23-017878-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000095017023017878/prdo-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-017878
- JSON: https://secwatch.observer/filing/0000950170-23-017878.json
- Plain text: https://secwatch.observer/filing/0000950170-23-017878.txt

## Key facts
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the quarter ended March 31, 2023 results: revenue $195.6 million, EPS $0.50 per diluted share.
  - Period: the quarter ended March 31, 2023
  - Revenue: $195.6 million
  - EPS: $0.50 per diluted share
  - Result: reported results
  source text: First Quarter 2023 Results as Compared to Prior Year Quarter • Revenue increased 6.9% to $195.6 million, with a 10.0% increase at CTU and a 1.9% increase at AIUS. • Operating income decreased 0.8% to $43.3 million, while adjusted operating income increased 4.3% to $53.1 million.* • Earnings per diluted share was $0.50 as compared to $0.46, while adjusted earnings per diluted share was $0.58 as compared to $0.50.*
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017023017878/0000950170-23-017878-index.htm

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