Quarterly ResultMay 6, 2026, 04:10 PM
Universal Technical Institute Q2 Revenue +6.7% to $221.4M; Net Income Down
AI Summary
Universal Technical Institute reported its second-quarter fiscal 2026 results, with revenue increasing 6.7% to $221.4 million. However, net income decreased significantly to $0.4 million from $11.4 million in the prior year, and Adjusted EBITDA fell 51.0% to $14.1 million, primarily due to $11 million in strategic growth expenses. The company saw robust operational growth with average full-time active students up 7.2% and new student starts up 13.8%, and reaffirmed its full-year guidance, expressing confidence in its North Star strategy and future growth.
Key Highlights
- Q2 revenue increased 6.7% to $221.4 million.
- Q2 net income decreased to $0.4 million from $11.4 million, due to strategic growth expenses.
- Q2 Adjusted EBITDA fell 51.0% to $14.1 million, impacted by $11 million in growth investments.
- Average full-time active students grew 7.2% to 26,385.
- Total new student starts increased 13.8% to 7,569.
- UTI-San Antonio campus opened with initial student starts 60% above plan.
- Reaffirmed full-year fiscal 2026 guidance across all metrics.
- Total available liquidity was $202.4 million, with total debt at $130.7 million.