Perdoceo Education Corporation (PRDO) is a provider of higher education services in the United States, delivering its programs through online, campus-based, and ...
Perdoceo Education Corporation (PRDO) is a for-profit education company headquartered in Schaumburg, Illinois, founded in 1994 as Career Education Corporation and renamed in 2020. The company operates two key institutions: Colorado Technical University (CTU) and American InterContinental University (AIU), offering career-focused programs in business, nursing, healthcare, computer science, cybersecurity, and more. It leverages innovative tools like the intellipath personalized learning platform, mobile apps, and two-way messaging to enhance student engagement. As of December 31, 2021, it enrolled about 40,400 students. Financially, PRDO reported revenue of $688.4 million and net income of $104.4 million in 2021, with a market cap around $2.12 billion. It maintains a strong balance sheet with low debt (debt-to-equity 0.055), strong profitability margins (net margin ~20.6%), and generates significant free cash flow ($215.8 million). The company has approximately 6,000 employees (some sources say 4,000, but official data indicates 6,000). CEO Todd S. Nelson leads the company, focusing on academic outcomes and career opportunities for a diverse student population. Despite past regulatory scrutiny in the for-profit sector, PRDO emphasizes quality and innovation, aiming to close the gap between learners and employers through practical, flexible education.
Students (Individual Consumers)U.S. Department of Education (Title IV Programs)U.S. Department of Veterans Affairs (GI Bill / Tuition Assistance)Corporate Employer Tuition Assistance PartnersU.S. Military Branches
