Highest-materiality recent filing
Phoenix Education acquires Fuel50 for $31.5M cash; earnout up to $8.5M
Cash purchase price ~$31.5M, plus earnout up to $8.5M based on milestones through 2027.
Phoenix Education Q3 net income falls 27% to $39.2M; adjusted EBITDA down 6%
Net revenue $271.8M, flat YoY; Average Total Degreed Enrollment 85,300 vs 84,800.
Phoenix Education Partners Q1 revenue $262M (+2.9%); GAAP EPS $0.40 vs $1.23 on IPO costs
Net revenue $262.0M vs $254.7M YoY; Average Total Degreed Enrollment 85,600 vs 82,200.
Incident detected Nov 21, 2025; unauthorized access occurred in August 2025 via Oracle EBS vulnerability.
Q4 revenue $257.4M vs $240.2M YoY (+7.2%); net income $17.6M vs $10.0M.
Phoenix Education Partners secures $100M revolving credit facility due 2030
Senior secured revolving credit facility of $100 million, maturing November 13, 2030.
Phoenix Education Partners completes IPO; Selling Stockholders sell 4.25M shares for $136M
Initial public offering closed Oct 10, 2025; Selling Stockholders sold 4.25M shares at $32/sh for $136M gross.
On October 9, 2026, the Company’s Board of Directors (the “Board”) appointed Michael Cochran, age 39, as interim Chief Financial Officer, effective as of October 10, 2026.
On October 9, 2026, following the completion of Phoenix Education Partners, Inc.’s (the “Company”) first full year as a public company after its successful IPO, the Company and Blair Westblom, Chief Financial Officer and Treasurer of the Company, agreed that Ms. Westblom will separate from the Company, effective as of October 10, 2026, to focus on personal endeavors and her next professional chapter.
Max materiality 0.85 · Median 0.65 · Most common event earnings