Strong Revenue Growth
Revenue for the second quarter increased nearly 13% year-over-year to $207.4 million.
Increase in Average Full-Time Active Students
Average full-time active students grew over 10% year-over-year to 24,604 students.
Significant Growth in New Student Starts
New student starts grew more than 21% year-over-year.
Net Income and Earnings Growth
Net income increased 47% to $11.4 million with diluted earnings per share of $0.21.
Adjusted EBITDA Increase
Adjusted EBITDA grew approximately 28% year-over-year to $28.9 million.
Expansion Plans on Track
The company plans to open three new campuses in 2026 and is launching new programs, including a nursing program in Jacksonville, Florida.
Positive Market Environment
Demand for skilled labor across trades and healthcare continues to strengthen, generating tailwinds for the business.
Raised Fiscal 2025 Guidance
Guidance for fiscal 2025 has been raised, with revenue expected between $825 million and $835 million, reflecting approximately 13% year-over-year growth.