Revenue: As of FY2026 Q1, the actual value is USD 19.4 M, beating the estimate of USD 17.73 M.

EPS: As of FY2026 Q1, the actual value is USD 0.16.

EBIT: As of FY2026 Q1, the actual value is USD 2.424 M.

Revenue

• Tuition and related income, net: $19,401,023 for the three months ended September 30, 2025, compared to $14,005,091 for the same period in 2024, an increase of approximately 38.5%.

Operating Expenses

• Educational services: $10,321,597 for the three months ended September 30, 2025, compared to $7,204,574 for the same period in 2024, an increase of approximately 43.3%.
• General and administrative: $6,107,599 for the three months ended September 30, 2025, compared to $3,966,047 for the same period in 2024, an increase of approximately 54%.
• General and administrative – related party: $149,350 for the three months ended September 30, 2025, compared to $81,053 for the same period in 2024.
• Depreciation and amortization: $123,827 for the three months ended September 30, 2025, compared to $81,141 for the same period in 2024.

Operating Income

• Operating income: $2,698,650 for the three months ended September 30, 2025, compared to $2,672,276 for the same period in 2024.

Other Income and Expense

• Interest expenses: -$43,960 for the three months ended September 30, 2025, compared to -$29,350 for the same period in 2024.
• Interest income: $318,844 for the three months ended September 30, 2025, compared to $260,896 for the same period in 2024.
• Total other income: $274,884 for the three months ended September 30, 2025, compared to $231,546 for the same period in 2024.

Net Income

• Net income: $2,186,960 for the three months ended September 30, 2025, compared to $2,090,753 for the same period in 2024.

Cash Flow

• Net cash provided by operating activities: $1,056,335 for the three months ended September 30, 2025, compared to $3,185,254 for the same period in 2024.
• Net cash used in investing activities: -$246,677 for the three months ended September 30, 2025, compared to -$235,816 for the same period in 2024.
• Net cash used by financing activities: -$539,928 for the three months ended September 30, 2025, compared to $8,167,031 for the same period in 2024.

Future Outlook and Strategy

• The company expects the new regulations emerging from the RISE and AHEAD Committees to impact its institutions and operations, but the ultimate scope, content, and impact of the future ED regulations and guidance are currently unpredictable.
• The company is currently assessing the potential impact of the new and proposed requirements on its institutions and will continue to monitor the ongoing negotiated rulemaking process.