---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-303157"
form_type: "8-K"
ticker: "PXED"
cik: "0001600222"
company_name: "Phoenix Education Partners, Inc."
filed_at: "2026-07-14T20:05:15+00:00"
generated_at: "2026-07-14T20:06:14.146541+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Phoenix Education Q3 net income falls 27% to $39.2M; adjusted EBITDA down 6%

## Summary
- Net revenue $271.8M, flat YoY; Average Total Degreed Enrollment 85,300 vs 84,800.
- Net income $39.2M ($1.01 diluted EPS) vs $53.8M ($1.42) a year ago.
- Adjusted EBITDA $78.1M vs $83.4M; adjusted diluted EPS $1.43 vs $1.57.
- Decline driven by IPO-related share-based compensation, higher ad spend, and restructuring costs.

## SEC filing metadata
- accession: 0001193125-26-303157
- form_type: 8-K
- ticker: PXED
- cik: 0001600222
- company_name: Phoenix Education Partners, Inc.
- filed_at: 2026-07-14T20:05:15+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/1600222/000119312526303157/0001193125-26-303157-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1600222/000119312526303157/pxed-20260714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-303157
- JSON: https://secwatch.observer/filing/0001193125-26-303157.json
- Plain text: https://secwatch.observer/filing/0001193125-26-303157.txt

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