---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-017942"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T21:37:46.563432+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Perdoceo FY2023 revenue $710M (+2.1%), EPS $2.18; Q4 revenue down 16%

## Summary
- Full year 2023 revenue $710.0M (+2.1%); operating income $150.4M (+16.1%); diluted EPS $2.18 vs $1.39.
- Q4 2023 revenue $147.9M (-16.0%); operating income $15.9M (-29.7%); adjusted diluted EPS $0.27 vs $0.31.
- CTU total student enrollments up 3.2% to 26,000; AIUS down 39.3% to 8,500 as of Dec 31, 2023.
- Board declared Q4 dividend $0.11/share, payable March 15, 2024.
- Adjusted operating income for FY2023 increased 6.7% to $174.9M; adjusted EPS $2.10 vs $1.63.

## SEC filing metadata
- accession: 0000950170-24-017942
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1046568/000095017024017942/0000950170-24-017942-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000095017024017942/prdo-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-017942
- JSON: https://secwatch.observer/filing/0000950170-24-017942.json
- Plain text: https://secwatch.observer/filing/0000950170-24-017942.txt

## Key facts
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the quarter and year ended December 31, 2023 results: revenue $710.0 million, EPS $2.18.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $710.0 million
  - EPS: $2.18
  - Result: reported results
  source text: cash, cash equivalents, restricted cash and available-for-sale-short-term investments. Fourth Quarter 2023 Results as Compared to Prior Year Quarter • Revenue decreased 16.0% to $147.9 million, primarily driven by the enrollment reduction at AIUS. • Operating income decreased 29.7% to $15.9 million, while adjusted operating income decreased 40.2% to $19.4 million.* •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017024017942/0000950170-24-017942-index.htm
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the quarter and year ended December 31, 2023 results: revenue $710.0 million, EPS $2.18.
  - Period: the quarter and year ended December 31, 2023
  - Revenue: $710.0 million
  - EPS: $2.18
  - Result: reported results
  source text: today reported operating and financial results for the quarter and year ended December 31, 2023. Full Year 2023 Results as Compared to Prior Year • Revenue increased 2.1% to $710.0 million, supported by an 11.8% increase at CTU. • Operating income increased 16.1% to $150.4 million, while adjusted operating income increased 6.7% to $174.9 million.* • Earnings per
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017024017942/0000950170-24-017942-index.htm

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