PXEDHIGH SIGNALFINANCIAL10-Q

PXED delivered exceptionally strong financial performance with revenue growing 85% and operating cash flow surging 157%, while dramatically increasing dividend payments from $721K to $9.1M.

The substantial revenue growth combined with strong operating leverage (operating income grew 55% vs. 85% revenue growth) demonstrates robust business momentum and operational efficiency. The massive 1,157% increase in dividend payments signals management's confidence in cash generation capabilities and commitment to returning capital to shareholders, though this warrants monitoring for sustainability.

Comparing 2026-04-07 vs 2026-01-13View on EDGAR →
FINANCIAL ANALYSIS

PXED showed exceptional growth across all major financial metrics with revenue nearly doubling to $484.5M and operating cash flow more than doubling to $80.0M, indicating strong business momentum and cash generation. The company significantly increased capital investments (capex up 114%) while maintaining healthy cash reserves that grew to $194.6M, and notably reduced accounts receivable by 58%, suggesting improved collections efficiency. The dramatic increase in dividend payments to $9.1M reflects management's confidence in the business trajectory, though the sustainability of such aggressive capital returns should be monitored given the substantial jump.

FINANCIAL STATEMENT CHANGES
Dividends Paid
Cash Flow
+1157.4%
$721K→$9.1M

Dividend payments increased 1157.4% — management confidence in sustained cash generation.

Operating Cash Flow
Cash Flow
+157.4%
$31.1M→$80.0M

Operating cash flow surged 157.4% — exceptional cash generation, highest quality earnings signal.

Capital Expenditure
Cash Flow
+113.8%
$4.7M→$10.1M

Capital expenditure jumped 113.8% — major investment cycle underway; assess returns on deployment.

Revenue
P&L
+84.9%
$262.0M→$484.5M

Strong top-line growth of 84.9% — accelerating demand or successful expansion into new markets.

Net Income
P&L
+69.8%
$15.5M→$26.2M

Net income grew 69.8% — bottom-line growth signals improving overall business health.

Accounts Receivable
Balance Sheet
-57.6%
$82.6M→$35.0M

Receivables declined — improved collection efficiency or conservative revenue recognition.

Operating Income
P&L
+54.7%
$25.6M→$39.6M

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Cash & Equivalents
Balance Sheet
+28.6%
$151.3M→$194.6M

Cash grew 28.6% — improving liquidity position supports investment and shareholder returns.

LANGUAGE CHANGES
NEW — 2026-04-07
PRIOR — 2026-01-13
ADDED
Exhibits 33 Signatures 34 i OVERVIEW In this Quarterly Report on Form 10-Q for the period ended February 28, 2026 (this Quarterly Report on Form 10-Q ), unless otherwise indicated or the context otherwise requires, references to the Company, the Issuer, we, us and our refer, prior to our conversion into a corporation, to AP VIII Queso Holdings, L.P.
equity 291,126 246,774 Noncontrolling interests 2,438 ( 6,719 ) Total equity 293,564 240,055 Total liabilities and equity $ 546,394 $ 493,562 (1) See Note 1.
$ 10,780 $ 16,125 $ 26,234 $ 62,541 Earnings per share: (1) Basic $ 0.30 $ 0.45 $ 0.73 $ 1.76 Diluted $ 0.28 $ 0.43 $ 0.68 $ 1.66 Shares used in computing earnings per share: Basic 35,778 35,560 35,714 35,532 Diluted 38,888 37,898 38,744 37,764 (1) See Note 1.
AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS O F COMPREHENSIVE INCOME (Unaudited) Three Months Ended February 28, Six Months Ended February 28, ($ in thousands) 2026 2025 2026 2025 Net income $ 10,469 $ 16,104 $ 25,947 $ 63,222 Other comprehensive income (loss) (net of tax) (1) : Change in fair value of available-for-sale securities ( 16 ) ( 15 ) 26 ( 58 ) Comprehensive income 10,453 16,089 25,973 63,164 Comprehensive loss (income) attributable to noncontrolling interests 311 21 287 ( 681 ) Comprehensive income attributable to Phoenix Education Partners, Inc.
$ 10,764 $ 16,110 $ 26,260 $ 62,483 (1) The tax effect during the three and six months ended February 28, 2026 and 2025 was not material.
+7 more — sign up free →
REMOVED
Exhibits 30 Signatures 31 i OVERVIEW In this Quarterly Report on Form 10-Q for the period ended November 30, 2025 (this Quarterly Report on Form 10-Q ), unless otherwise indicated or the context otherwise requires, references to the Company, the Issuer, we, us and our refer, prior to our conversion into a corporation, to AP VIII Queso Holdings, L.P.
equity 280,408 246,774 Noncontrolling interests 2,749 ( 6,719 ) Total equity 283,157 240,055 Total liabilities and equity $ 549,572 $ 493,562 (1) See Note 1.
$ 15,454 $ 46,416 Earnings per share: (1) Basic $ 0.43 $ 1.31 Diluted $ 0.40 $ 1.23 Shares used in computing earnings per share: Basic 35,650 35,505 Diluted 38,891 37,630 (1) See Note 1.
AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS O F COMPREHENSIVE INCOME (Unaudited) Three Months Ended November 30, ($ in thousands) 2025 2024 Net income $ 15,478 $ 47,118 Other comprehensive income (loss) (net of tax) (1) : Change in fair value of available-for-sale securities 42 ( 43 ) Comprehensive income 15,520 47,075 Comprehensive income attributable to noncontrolling interests ( 24 ) ( 702 ) Comprehensive income attributable to Phoenix Education Partners, Inc.
$ 15,496 $ 46,373 (1) The tax effect during the three months ended November 30, 2025 and 2024 was not material.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
PNRGHIGHPNRG achieved exceptional profitability improvement with net income surging 2,21...
2026-04-16
BNAIHIGHBNAI underwent a dramatic reverse stock split that reduced share count by 86% wh...
2026-04-16
LAKEHIGHLAKE's financial performance deteriorated significantly with operating losses wo...
2026-04-16
NXXTHIGHNextNRG experienced massive financial deterioration with operating losses explod...
2026-04-16
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →