---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-051290"
form_type: "8-K"
ticker: "PRDO"
cik: "0001046568"
company_name: "PERDOCEO EDUCATION Corp"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T01:48:47.952422+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Perdoceo Q1 earnings: EPS $0.59 vs $0.50, revenue down 14% to $168.3M, enrollments up 9%

## Summary
- Operating income up 6.8% to $46.3M; adjusted operating income down 6.8% to $49.5M.
- CTU revenue $113.6M (-8.8% YoY), AIUS revenue $54.5M (-23.1% YoY).
- Total student enrollments 41,300 (+9.0% YoY); CTU enrollments up 28.5%, AIUS down 22.9%.
- Cash and short-term investments $642.4M; no explicit guidance change provided.
- CEO Todd Nelson: results better than expected, positive retention and engagement trends.

## SEC filing metadata
- accession: 0000950170-24-051290
- form_type: 8-K
- ticker: PRDO
- cik: 0001046568
- company_name: PERDOCEO EDUCATION Corp
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1046568/000095017024051290/0000950170-24-051290-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1046568/000095017024051290/prdo-20240501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-051290
- JSON: https://secwatch.observer/filing/0000950170-24-051290.json
- Plain text: https://secwatch.observer/filing/0000950170-24-051290.txt

## Key facts
- Earnings Releases
  PERDOCEO EDUCATION Corp reported the quarter ended March 31, 2024 results: revenue $168.3 million, EPS $0.59 per diluted share.
  - Period: the quarter ended March 31, 2024
  - Revenue: $168.3 million
  - EPS: $0.59 per diluted share
  - Result: reported results
  source text: First Quarter 2024 Results as Compared to Prior Year Quarter • Operating income increased 6.8% to $46.3 million, while adjusted operating income decreased 6.8% to $49.5 million.* • Earnings per diluted share was $0.59 as compared to $0.50, while adjusted earnings per diluted share was $0.60 as compared to $0.58.* • Revenue decreased 14.0% to $168.3 million while total student enrollments at March 31, 2024 increased by 9.0%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1046568/000095017024051290/0000950170-24-051290-index.htm

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