Phoenix Education Partners

Phoenix helps working adults earn college degrees through online classes. The company makes it easier for busy people to balance jobs and school. Its programs focus on teaching skills that help students advance in their careers.

Courses for the Working World

• Degree Programs: Online undergraduate and graduate courses designed for adult learners; generates substantially all consolidated net revenue.
• Talent Solutions: Professional development and talent development tools offered to businesses and their employees.
• Non-Degree Certificates: Short-term educational programs focused on specific skills for various career paths.

Building New Career Paths

• Completed an initial public offering in October 2025 on the New York Stock Exchange.
• Acquired a controlling interest in Empath, Inc. during the first quarter of fiscal year 2025.
• Renamed the acquired entity to Talent Mobility, Inc. to focus on software that tracks employee skills.
• Amended a sponsorship agreement for the Arizona Cardinals stadium in December 2025 to lower annual cost increases.

What Sets Phoenix Apart

The company uses a non-term academic model that lets students take one course at a time consecutively throughout the year. Strong links with employers drive about 34% of degreed enrollment and help maintain student retention rates.

By the Numbers

• Net revenue was $222.5 million for the three months ended February 28, 2026, down slightly from $223.4 million in 2025.
• Average Total Degreed Enrollment reached 84,100 for the six months ended February 28, 2026, up 2.9% year-over-year.
• Net income attributable to the company was $10.8 million in the second quarter of 2026, down 33% from the prior year.
• Free cash flow reached $43.5 million for the second quarter of 2026.
• The company maintained a cash and cash equivalents balance of $194.6 million as of February 28, 2026.

The Evolution of Online Learning

Phoenix has transitioned from a private entity to a public company focused on digital education for the modern workforce. Its strategy combines traditional degree programs with new software tools to track employee skills.