Phoenix Education Partners, Inc. (PXED) Form 10-K — Nov 3, 2026
Phoenix Education Partners (PXED), the parent of the University of Phoenix, filed its first annual report as a public company for fiscal year ended August 31, 2026, after its October 2025 NYSE IPO in which Apollo and Vistria sold 4,887,500 shares at $32.00 for $156.4 million — the company itself received no proceeds. Average Total Degreed Enrollment was 83,700 in fiscal 2026, with 35.2% coming through employer B2B relationships, and the company derives 88.6% of cash basis revenue from Title IV and other federal education funds, just under the 90% regulatory threshold.
Key figures
- Shares Outstanding
- 36676644
- Alumni
- nearly 1.2 million
- Adjunct faculty
- 2200
- Ipo shares sold
- 4887500
- Staff employees
- 3300
- Graduate enrollment
- 16300
- Composite score fy2025
- 2.6
- Composite score fy2026
- 3
- Ipo gross proceeds usd
- 156400000
- Ftc settlement paid usd
- 50000000
- Ipo price per share usd
- 32
- B2b enrollment share pct
- 35.2
- Undergraduate enrollment
- 67400
- Bdr applications received
- 48000
- Cohort default rate 2023 pct
- 0.7
- Potential bdr recoupment usd
- 37000000
- Title iv cash basis revenue pct
- 88.6
- Average total degreed enrollment fy2026
- 83700
- Non affiliate market value feb 2026 usd
- 200000000
AI analysis
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