v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
May 31, 2026
Aug. 31, 2025
Current assets:    
Cash and cash equivalents $ 155,020 $ 136,504
Restricted cash and cash equivalents 2,973 36,497
Marketable securities 75,051 9,005
Accounts receivable, net 96,475 58,957
Prepaid income taxes 8,173 3,160
Other current assets 23,176 21,827
Total current assets 360,868 265,950
Marketable securities 36,396 12,803
Property and equipment, net 38,282 38,846
Goodwill 3,732 3,732
Intangible assets, net 85,424 87,294
Operating lease right-of-use assets, net 36,532 41,920
Deferred income taxes, net 24,517 20,566
Other assets 22,896 22,451
Total assets 608,647 493,562
Current liabilities:    
Accounts payable 24,375 25,696
Accrued compensation and benefits 19,557 28,534
Student deposits 7,594 11,049
Deferred revenue 76,046 37,210
Current operating lease liabilities 9,822 8,948
Other current liabilities 51,047 50,608
Total current liabilities 188,441 162,045
Long-term operating lease liabilities 55,879 64,352
Other long-term liabilities 37,895 27,110
Total liabilities 282,215 253,507
Commitments and contingencies (Note 14 and Note 15)
Equity:(1)    
General partner 0 0
Limited partners (35,596 shares outstanding as of August 31, 2025) 0 246,735
Preferred Stock ($0.01 par value; 5,000 shares authorized, no shares issued and outstanding) 0 0
Common Stock ($0.01 par value; 1,495,000 shares authorized, 36,010 shares issued and outstanding as of May 31, 2026) 360 0
Additional paid-in capital 275,155 0
Retained earnings 48,747 0
Accumulated other comprehensive (loss) income, net (7) 39
Total Phoenix Education Partners, Inc. equity 324,255 246,774
Noncontrolling interests 2,177 (6,719)
Total equity 326,432 240,055
Total liabilities and equity $ 608,647 $ 493,562