| Schedule of Disaggregation of Revenue |
In the following table, revenue, shown net of grants and scholarships, is disaggregated by source. The table also includes a reconciliation of the disaggregated revenue within the reportable segments (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2026 | | (Unaudited) | | Military+ | | Health+ | | Corporate and Other | | Consolidated | | Instructional services, net of grants and scholarships | $ | 84,009 | | | $ | 72,278 | | | $ | (23) | | | $ | 156,264 | | | Graduation fees | 1,241 | | | — | | | — | | | 1,241 | | | Textbook and other course materials | — | | | 13,050 | | | — | | | 13,050 | | | Other fees | 288 | | | 888 | | | — | | | 1,176 | | | Total Revenue | $ | 85,538 | | | $ | 86,216 | | | $ | (23) | | | $ | 171,731 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | (Unaudited) | | Military+ | | Health+ | | Corporate and Other | | Consolidated | | Instructional services, net of grants and scholarships | $ | 80,518 | | | $ | 65,870 | | | $ | 3,380 | | | $ | 149,768 | | | Graduation fees | 910 | | | — | | | — | | | 910 | | | Textbook and other course materials | — | | | 10,867 | | | — | | | 10,867 | | | Other fees | 303 | | | 918 | | | — | | | 1,221 | | | Total Revenue | $ | 81,731 | | | $ | 77,655 | | | $ | 3,380 | | | $ | 162,766 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2026 | | (Unaudited) | | Military+ | | Health+ | | Corporate and Other | | Consolidated | | Instructional services, net of grants and scholarships | $ | 172,014 | | | $ | 143,851 | | | $ | (84) | | | $ | 315,781 | | | Graduation fees | 2,354 | | | — | | | — | | | 2,354 | | | Textbook and other course materials | — | | | 25,896 | | | — | | | 25,896 | | | Other fees | 613 | | | 1,825 | | | — | | | 2,438 | | | Total Revenue | $ | 174,981 | | | $ | 171,572 | | | $ | (84) | | | $ | 346,469 | |
| | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | (Unaudited) | | Military+ | | Health+ | | Corporate and Other | | Consolidated | | Instructional services, net of grants and scholarships | $ | 163,069 | | | $ | 129,985 | | | $ | 7,058 | | | $ | 300,112 | | | Graduation fees | 1,997 | | | — | | | — | | | 1,997 | | | Textbook and other course materials | — | | | 22,689 | | | — | | | 22,689 | | | Other fees | 611 | | | 1,908 | | | — | | | 2,519 | | | Total Revenue | $ | 165,677 | | | $ | 154,582 | | | $ | 7,058 | | | $ | 327,317 | |
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