PERDOCEO EDUCATION Business Summary

Perdoceo Education Corp (PRDO) operates a tuition-based revenue model, generating the vast majority of its income through postsecondary education services delivered primarily via online and blended learning platforms. The company’s operations are organized into three principal segments: Colorado Technical University (CTU), the American InterContinental University (AIU) System, and the University of St. Augustine for Health Sciences (USAHS), the latter of which was acquired in late 2024 to expand its footprint into high-demand healthcare education. Perdoceo specializes in career-focused degree programs for adult learners, leveraging proprietary learning technologies like the intellipath® platform to drive student retention and engagement. Within the for-profit education sector, the company competes directly with Strategic Education, Inc. (STRA), Adtalem Global Education (ATGE), and Grand Canyon Education (LOPE), maintaining a competitive edge through its lean cost structure and significant market share in the online-only degree space. Leadership is currently spearheaded by President and CEO Todd S. Nelson, a veteran of the for-profit education industry who previously served as the CEO of Apollo Education Group (University of Phoenix) and Education Management Corporation. Nelson is supported by Senior Vice President and CFO Ashish Ghia, who has overseen the company’s financial strategy since 2018, and Senior Vice President and CIO Dave Czeszewski, who leads the firm's digital infrastructure. The Board of Directors is chaired by Gregory L. Jackson, with notable members including former New Mexico Secretary of Education Hanna Skandera and industry veteran Dennis Chookaszian. As of February 2026, the company maintains a strong institutional investor base, with Renaissance Technologies recently disclosing a significant 5.68% beneficial ownership stake, reflecting continued market confidence in Perdoceo’s operational efficiency and capital allocation strategies.