| Schedule of Information by Reportable Segment |
Summary information by reportable segment is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | UTI | | Concorde | | Corporate | | Consolidated | | Three Months Ended June 30, 2026 | | | | | | | | | | Revenues | | $ | 138,015 | | | $ | 80,892 | | | $ | — | | | $ | 218,907 | | | Compensation and benefits | | 58,274 | | | 36,699 | | | 19,898 | | | 114,871 | | | Advertising | | 16,243 | | | 9,696 | | | 208 | | | 26,147 | | | Occupancy | | 10,882 | | | 6,655 | | | 976 | | | 18,513 | | | Student related | | 12,326 | | | 5,494 | | | — | | | 17,820 | | | General operations | | 6,157 | | | 4,605 | | | 5,634 | | | 16,396 | | | Depreciation and amortization | | 7,284 | | | 2,751 | | | 375 | | | 10,410 | | | Professional and contract services | | 2,318 | | | 1,297 | | | 4,258 | | | 7,873 | | Other expenses(1) | | 1,969 | | | 711 | | | 952 | | | 3,632 | | Corporate support(2) | | 16,748 | | | 9,813 | | | (26,561) | | | — | | | Total operating expenses | | 132,201 | | | 77,721 | | | 5,740 | | | 215,662 | | | Income (loss) from operations | | 5,814 | | | 3,171 | | | (5,740) | | | 3,245 | | | Net income (loss) | | $ | 5,020 | | | $ | 3,130 | | | $ | (5,871) | | | $ | 2,279 | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | | | | | | | | | Revenues | | $ | 131,462 | | | $ | 72,836 | | | $ | — | | | $ | 204,298 | | | Compensation and benefits | | 51,230 | | | 34,122 | | | 17,423 | | | 102,775 | | | Advertising | | 15,008 | | | 7,534 | | | 153 | | | 22,695 | | | Occupancy | | 9,920 | | | 6,494 | | | 233 | | | 16,647 | | | Student related | | 7,671 | | | 6,122 | | | — | | | 13,793 | | | General operations | | 5,532 | | | 5,123 | | | 3,146 | | | 13,801 | | | Depreciation and amortization | | 6,048 | | | 1,939 | | | 328 | | | 8,315 | | | Professional and contract services | | 2,360 | | | 1,264 | | | 4,590 | | | 8,214 | | Other expenses(1) | | 1,648 | | | 1,182 | | | 1,076 | | | 3,906 | | Corporate support(2) | | 14,320 | | | 7,933 | | | (22,253) | | | — | | | Total operating expenses | | 113,737 | | | 71,713 | | | 4,696 | | | 190,146 | | | Income (loss) from operations | | 17,725 | | | 1,123 | | | (4,696) | | | 14,152 | | | Net income (loss) | | $ | 16,439 | | | $ | 1,084 | | | $ | (6,860) | | | $ | 10,663 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | UTI | | Concorde | | Corporate | | Consolidated | | | | | | | | | | | Nine Months Ended June 30, 2026 | | | | | | | | | | Revenues | | $ | 423,577 | | | $ | 237,576 | | | $ | — | | | $ | 661,153 | | | Compensation and benefits | | 169,703 | | | 109,649 | | | 58,410 | | | 337,762 | | | Advertising | | 53,213 | | | 28,988 | | | 607 | | | 82,808 | | | Occupancy | | 32,035 | | | 19,255 | | | 2,866 | | | 54,156 | | | Student related | | 34,648 | | | 16,588 | | | — | | | 51,236 | | | General operations | | 21,818 | | | 13,534 | | | 16,283 | | | 51,635 | | | Depreciation and amortization | | 20,326 | | | 6,991 | | | 1,044 | | | 28,361 | | | Professional and contract services | | 7,516 | | | 3,857 | | | 13,212 | | | 24,585 | | Other expenses(1) | | 5,862 | | | 2,345 | | | 3,132 | | | 11,339 | | Corporate support(2) | | 52,611 | | | 29,608 | | | (82,219) | | | — | | | Total operating expenses | | 397,732 | | | 230,815 | | | 13,335 | | | 641,882 | | | Income (loss) from operations | | 25,845 | | | 6,761 | | | (13,335) | | | 19,271 | | | Net income (loss) | | $ | 23,420 | | | $ | 6,683 | | | $ | (14,564) | | | $ | 15,539 | | | | | | | | | | | | Nine Months Ended June 30, 2025 | | | | | | | | | | Revenues | | $ | 397,168 | | | $ | 216,006 | | | $ | — | | | $ | 613,174 | | | Compensation and benefits | | 153,120 | | | 98,130 | | | 49,575 | | | 300,825 | | | Advertising | | 44,536 | | | 22,791 | | | 551 | | | 67,878 | | | Occupancy | | 28,245 | | | 18,206 | | | 674 | | | 47,125 | | | Student related | | 26,511 | | | 17,010 | | | — | | | 43,521 | | | General operations | | 14,479 | | | 12,985 | | | 8,322 | | | 35,786 | | | Depreciation and amortization | | 17,947 | | | 5,499 | | | 1,006 | | | 24,452 | | | Professional and contract services | | 7,330 | | | 3,868 | | | 13,457 | | | 24,655 | | Other expenses(1) | | 4,860 | | | 2,777 | | | 2,812 | | | 10,449 | | Corporate support(2) | | 42,153 | | | 23,035 | | | (65,188) | | | — | | | Total operating expenses | | 339,181 | | | 204,301 | | | 11,209 | | | 554,691 | | | Income (loss) from operations | | 57,987 | | | 11,705 | | | (11,209) | | | 58,483 | | | Net income (loss) | | $ | 54,315 | | | $ | 11,591 | | | $ | (21,644) | | | $ | 44,262 | | | | | | | | | | | | As of June 30, 2026 | | | | | | | | | | Total assets | | $ | 527,873 | | | $ | 169,894 | | | $ | 200,095 | | | $ | 897,862 | | | | | | | | | | | As of September 30, 2025 | | | | | | | | | | Total assets | | $ | 490,637 | | | $ | 140,448 | | | $ | 195,054 | | | $ | 826,139 | |
(1) Other expenses include employee-related travel and entertainment expenses. (2) Corporate support primarily includes costs for information technology, human resources, accounting and finance support services.
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