Segment Reporting (Tables)

9 Months Ended

May 31, 2026

Schedule of Information on Net Revenue, Significant Expenses and Net Income for Single Reportable Segment

The following provides information on net revenue, significant expenses and net income for our single reportable segment during the respective periods:


	Three Months Ended May 31,						Nine Months Ended May 31,
($ in thousands)	2026			2025			2026			2025
Net revenue	$	271,801		$	271,703		$	756,289		$	749,801
Costs and expenses:
Compensation and related costs(1)		115,580			106,036			361,665			310,731
Advertising		47,705			41,148			139,013			130,892
Provision for credit losses on accounts receivable		8,510			12,531			24,585			35,885
Strategic alternatives, restructuring and other		11,937			6,837			31,673			17,886
Other(2)		36,243			34,051			107,927			103,974
Total costs and expenses		219,975			200,603			664,863			599,368
Operating income		51,826			71,100			91,426			150,433
Interest income		2,183			2,278			5,720			8,334
Interest expense		(651	)		(107	)		(1,416	)		(332	)
Income before income taxes		53,358			73,271			95,730			158,435
Provision for income taxes		14,452			18,622			30,877			40,564
Net income	$	38,906		$	54,649		$	64,853		$	117,871

(1)

The increase in compensation and related costs during the three and nine months ended May 31, 2026 compared to the three and nine months ended May 31, 2025 was principally due to share-based compensation resulting from our IPO. See Note 13. Share-Based Awards for further information.

(2)

Other principally consists of costs related to the delivery and administration of our educational programs, depreciation and amortization, information technology infrastructure costs, legal and professional fees, and other general and administrative costs.