ATGE · Adtalem Global Education Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $487.03M | $503.38M | $462.29M | $447.73M | $466.06M | $417.40M | $393.24M | $412.66M | $368.85M | $363.30M |
| Cost of Revenue | $210.72M | $205.43M | $200.77M | $186.64M | $199.87M | $186.00M | $172.07M | $175.32M | $168.62M | $159.30M |
| Gross Profit | $276.31M | $297.96M | $261.52M | $261.09M | $266.19M | $231.41M | $221.17M | $237.34M | $200.23M | $204.00M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $184.11M | $182.79M | $175.73M | $156.90M | $175.17M | $159.07M | $155.58M | $156.69M | $166.09M | $140.67M |
| Total Operating Expenses | $395.69M | $392.27M | $376.81M | $343.86M | $375.55M | $347.16M | $334.63M | $350.93M | $340.65M | $317.27M |
| D&A | $11.38M | $10.95M | $10.30M | $10.19M | $10.27M | $9.80M | $10.94M | $11.39M | $9.78M | $10.66M |
| Operating Income | $91.34M | $111.11M | $85.48M | $103.87M | $90.51M | $70.24M | $58.61M | $61.73M | $28.19M | $46.03M |
| Interest Expense | $13.63M | $10.92M | $11.09M | $13.91M | $13.07M | $14.48M | $16.69M | $16.56M | $15.66M | $15.59M |
| Income Tax | $19.96M | $25.73M | $15.81M | $21.02M | $18.54M | $12.16M | $7.77M | $10.60M | $2.79M | $4.25M |
| Net Income | $41.64M | $76.38M | $61.83M | $75.86M | $60.83M | $46.16M | $39.89M | $36.82M | $10.65M | $24.14M |
| EPS - Basic | $1.21 | $2.14 | $1.71 | $2.03 | $1.64 | $1.22 | $1.00 | $0.95 | $0.26 | $0.53 |
| EPS - Diluted | $1.20 | $2.11 | $1.67 | $1.98 | $1.59 | $1.18 | $0.98 | $0.93 | $0.25 | $0.52 |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $146.98M | $56.28M | $264.69M | $199.60M | $219.02M | $264.80M | $219.31M | $179.76M | $262.44M | $273.69M |
| Accounts Receivable | $173.26M | $160.15M | $192.11M | $143.43M | $160.36M | $168.92M | $124.07M | $138.21M | $145.18M | $100.13M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $97.26M | $103.10M | $104.58M | $105.02M | $98.71M | $91.42M | $102.63M | $92.20M | $76.87M | $81.81M |
| Current Assets | $403.75M | $302.98M | $567.22M | $416.19M | $450.34M | $516.91M | $418.08M | $387.63M | $472.93M | $478.54M |
| Total Assets | $2.74B | $2.61B | $2.87B | $2.75B | $2.79B | $2.82B | $2.74B | $2.72B | $2.79B | $2.81B |
| Current Liabilities | $580.45M | $442.88M | $576.62M | $507.93M | $540.57M | $551.31M | $487.66M | $509.11M | $495.63M | $431.20M |
| Long-term Debt | $495.64M | $504.28M | $553.15M | $552.67M | $552.19M | $649.32M | $648.71M | $648.11M | $695.73M | $695.08M |
| Total Liabilities | $1.37B | $1.24B | $1.41B | $1.32B | $1.36B | $1.43B | $1.37B | $1.39B | $1.42B | $1.35B |
| Stockholders' Equity | $1.36B | $1.38B | $1.46B | $1.43B | $1.43B | $1.39B | $1.37B | $1.32B | $1.38B | $1.46B |
| Retained Earnings | $2.96B | $2.92B | $2.84B | $2.78B | $2.72B | $2.59B | $2.54B | $2.49B | $2.41B | $2.40B |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $130.55M | - | - | $89.32M | - | - | $99.69M | - |
| Investing Cash Flow | - | - | ($16.02M) | - | - | ($9.54M) | - | - | ($14.95M) | - |
| Financing Cash Flow | - | - | ($49.51M) | - | - | ($34.11M) | - | - | ($95.39M) | - |
| CapEx | - | - | $16.02M | - | - | $10.41M | - | - | $15.05M | $4.20M |
| Free Cash Flow | - | - | $114.53M | - | - | $78.90M | - | - | $84.64M | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '25 | Q2 '24 | Q3 '24 | Q1 '24 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 56.7% | 59.2% | 56.6% | 58.3% | 57.1% | 55.4% | 56.2% | 57.5% | 54.3% | 56.2% |
| Operating margin | 18.8% | 22.1% | 18.5% | 23.2% | 19.4% | 16.8% | 14.9% | 15.0% | 7.6% | 12.7% |
| EBITDA margin | 21.1% | 24.2% | 20.7% | 25.5% | 21.6% | 19.2% | 17.7% | 17.7% | 10.3% | 15.6% |
| Net margin | 8.5% | 15.2% | 13.4% | 16.9% | 13.1% | 11.1% | 10.1% | 8.9% | 2.9% | 6.6% |
| Free cash flow margin | - | - | 24.8% | - | - | 18.9% | - | - | 22.9% | - |
| FCF / Net income | - | - | 1.85 | - | - | 1.71 | - | - | 7.95 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 37.8% | 36.3% | 38.0% | 35.0% | 37.6% | 38.1% | 39.6% | 38.0% | 45.0% | 38.7% |
| Effective tax rate | 32.4% | 25.2% | 20.4% | 21.7% | 23.4% | 20.8% | 16.3% | 22.3% | 20.8% | 15.0% |
| Return on assets | 1.5% | 2.9% | 2.2% | 2.8% | 2.2% | 1.6% | 1.5% | 1.4% | 0.4% | 0.9% |
| Return on equity | 3.1% | 5.5% | 4.2% | 5.3% | 4.2% | 3.3% | 2.9% | 2.8% | 0.8% | 1.7% |
| Return on invested capital | 3.3% | 4.4% | 3.4% | 4.1% | 3.5% | 2.7% | 2.4% | 2.4% | 1.1% | 1.8% |
| Liquidity | ||||||||||
| Current ratio | 0.70 | 0.68 | 0.98 | 0.82 | 0.83 | 0.94 | 0.86 | 0.76 | 0.95 | 1.11 |
| Quick ratio | 0.70 | 0.68 | 0.98 | 0.82 | 0.83 | 0.94 | 0.86 | 0.76 | 0.95 | 1.11 |
| Cash ratio | 0.25 | 0.13 | 0.46 | 0.39 | 0.41 | 0.48 | 0.45 | 0.35 | 0.53 | 0.63 |
| Leverage | ||||||||||
| Debt / Equity | 0.36 | 0.37 | 0.38 | 0.39 | 0.39 | 0.47 | 0.47 | 0.49 | 0.50 | 0.48 |
| Debt / Assets | 0.18 | 0.19 | 0.19 | 0.20 | 0.20 | 0.23 | 0.24 | 0.24 | 0.25 | 0.25 |
| Debt / EBITDA | 4.83 | 4.13 | 5.78 | 4.85 | 5.48 | 8.11 | 9.33 | 8.86 | 18.32 | 12.26 |
| Interest coverage | 6.7x | 10.2x | 7.7x | 7.5x | 6.9x | 4.9x | 3.5x | 3.7x | 1.8x | 3.0x |
| Equity multiplier | 2.01 | 1.90 | 1.97 | 1.92 | 1.95 | 2.03 | 2.00 | 2.06 | 2.03 | 1.93 |
| Liabilities / Assets | 0.50 | 0.47 | 0.49 | 0.48 | 0.49 | 0.51 | 0.50 | 0.51 | 0.51 | 0.48 |
| Efficiency | ||||||||||
| Asset turnover | 0.18 | 0.19 | 0.16 | 0.16 | 0.17 | 0.15 | 0.14 | 0.15 | 0.13 | 0.13 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 130d | 116d | 152d | 117d | 126d | 148d | 115d | 122d | 144d | 101d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 168d | 183d | 190d | 205d | 180d | 179d | 218d | 192d | 166d | 187d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 4.5% | 12.4% | 10.8% | 13.9% | 12.9% | 13.2% | 8.2% | 11.8% | 4.0% | -2.1% |
| Revenue CAGR (3y) | 9.7% | 11.5% | 9.2% | 6.4% | 8.4% | 6.2% | 11.6% | 13.7% | 11.2% | 10.9% |
| Revenue CAGR (5y) | 11.7% | 12.2% | 11.5% | 11.0% | 11.4% | 10.4% | 4.4% | 6.0% | 5.4% | 1.5% |
| Gross profit growth (YoY) | 3.8% | 14.1% | 13.0% | 18.0% | 12.2% | 15.6% | 8.4% | 16.8% | 2.7% | 6.9% |
| Operating income growth (YoY) | 0.9% | 7.0% | 21.7% | 77.2% | 46.6% | 149.1% | 27.3% | 3.9% | 22.1% | 86.1% |
| Net income growth (YoY) | -31.6% | 0.7% | 33.9% | 90.2% | 65.2% | 333.6% | 65.2% | -19.7% | 385.7% | 35.2% |
| EPS growth (YoY) | -24.5% | 6.6% | 41.5% | 102.0% | 71.0% | 372.0% | 88.5% | -7.0% | 400.0% | 44.4% |
| EPS CAGR (3y) | 6.3% | 59.5% | 222.0% | 76.5% | -39.2% | - | 30.6% | 24.7% | -13.0% | 73.2% |
| EPS CAGR (5y) | 20.1% | 36.8% | 34.5% | 81.7% | -10.9% | 35.3% | 27.6% | 7.8% | - | - |
| FCF growth (YoY) | - | - | 45.1% | - | - | -6.8% | - | - | -1.4% | - |
| FCF CAGR (5y) | - | - | 11.8% | - | - | 16.3% | - | - | 6.1% | - |
| Book value growth (YoY) | -4.8% | -3.8% | 4.9% | 4.7% | 8.5% | 0.8% | -6.1% | -12.5% | -8.7% | -3.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Business segments
$1.79B totalChamberlain University Segment$725.77M · 40.6%
Walden University Segment$693.43M · 38.8%
Medical And Veterinary$369.09M · 20.6%
Product / service
$735.65M totalTuition$725.77M · 98.7%
Other Services$9.87M · 1.3%
Geographic
$1.79B totalDomestic Operations$1.42B · 79.4%
Barbados St.Kitts And St.Maarten$369.09M · 20.6%
Peer comparison
Same SIC group: Services-Educational Services
Comparing Adtalem Global Education Inc. against the 5 most active filers in the same SIC group.