v3.26.1
Segment Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2026
USD ($)
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Jun. 30, 2026
USD ($)
segment
Jun. 30, 2025
USD ($)
Sep. 30, 2025
USD ($)
Segment Reporting [Line Items]                  
Number of reportable segments | segment             2    
Revenues $ 218,907     $ 204,298     $ 661,153 $ 613,174  
Compensation and benefits 114,871     102,775     337,762 300,825  
Advertising 26,147     22,695     82,808 67,878  
Occupancy 18,513     16,647     54,156 47,125  
Student related 17,820     13,793     51,236 43,521  
General operations 16,396     13,801     51,635 35,786  
Depreciation and amortization 10,410     8,315     28,361 24,452  
Professional and contract services 7,873     8,214     24,585 24,655  
Other expenses 3,632     3,906     11,339 10,449  
Corporate support 0     0     0 0  
Total operating expenses 215,662     190,146     641,882 554,691  
Income (loss) from operations 3,245     14,152     19,271 58,483  
Net income (loss) 2,279 $ 433 $ 12,827 10,663 $ 11,446 $ 22,153 15,539 44,262  
Total assets 897,862           897,862   $ 826,139
Operating Segments | UTI                  
Segment Reporting [Line Items]                  
Revenues 138,015     131,462     423,577 397,168  
Compensation and benefits 58,274     51,230     169,703 153,120  
Advertising 16,243     15,008     53,213 44,536  
Occupancy 10,882     9,920     32,035 28,245  
Student related 12,326     7,671     34,648 26,511  
General operations 6,157     5,532     21,818 14,479  
Depreciation and amortization 7,284     6,048     20,326 17,947  
Professional and contract services 2,318     2,360     7,516 7,330  
Other expenses 1,969     1,648     5,862 4,860  
Corporate support 16,748     14,320     52,611 42,153  
Total operating expenses 132,201     113,737     397,732 339,181  
Income (loss) from operations 5,814     17,725     25,845 57,987  
Net income (loss) 5,020     16,439     23,420 54,315  
Total assets 527,873           527,873   490,637
Operating Segments | Concorde                  
Segment Reporting [Line Items]                  
Revenues 80,892     72,836     237,576 216,006  
Compensation and benefits 36,699     34,122     109,649 98,130  
Advertising 9,696     7,534     28,988 22,791  
Occupancy 6,655     6,494     19,255 18,206  
Student related 5,494     6,122     16,588 17,010  
General operations 4,605     5,123     13,534 12,985  
Depreciation and amortization 2,751     1,939     6,991 5,499  
Professional and contract services 1,297     1,264     3,857 3,868  
Other expenses 711     1,182     2,345 2,777  
Corporate support 9,813     7,933     29,608 23,035  
Total operating expenses 77,721     71,713     230,815 204,301  
Income (loss) from operations 3,171     1,123     6,761 11,705  
Net income (loss) 3,130     1,084     6,683 11,591  
Total assets 169,894           169,894   140,448
Corporate                  
Segment Reporting [Line Items]                  
Revenues 0     0     0 0  
Compensation and benefits 19,898     17,423     58,410 49,575  
Advertising 208     153     607 551  
Occupancy 976     233     2,866 674  
Student related 0     0     0 0  
General operations 5,634     3,146     16,283 8,322  
Depreciation and amortization 375     328     1,044 1,006  
Professional and contract services 4,258     4,590     13,212 13,457  
Other expenses 952     1,076     3,132 2,812  
Corporate support (26,561)     (22,253)     (82,219) (65,188)  
Total operating expenses 5,740     4,696     13,335 11,209  
Income (loss) from operations (5,740)     (4,696)     (13,335) (11,209)  
Net income (loss) (5,871)     $ (6,860)     (14,564) $ (21,644)  
Total assets $ 200,095           $ 200,095   $ 195,054