Phoenix Education reports flat Q3 revenue, 27% net income decline on IPO costs

Filed July 14, 2026 · Period ending July 14, 2026 · ~1 min read

Key Changes

• high

  Q3 revenue flat at $271.8M; net income fell 27% to $39.2M ($1.01/share) from $53.8M ($1.42/share) prior year, driven by IPO-related share-based compensation, higher advertising, and restructuring costs.

  Exhibit 99.1 view on EDGAR →
• high

  FY2026 guidance: revenue $1,020M–$1,025M, adjusted EBITDA $246M–$250M.

  Exhibit 99.1 view on EDGAR →
• medium

  Board authorized $50M share repurchase program; repurchased 0.1M shares for $4.0M at $29.29/share in Q3, leaving $46M available.

  Exhibit 99.1 view on EDGAR →