Universal Technical Q2 Net Income Down 96% to $0.433M; Revenue Up 6.7%
Universal Technical Institute reported a significant decline in net income for Q2 2026, dropping 96.2% to $0.433 million, despite a 6.7% increase in revenue to $221.4 million. Diluted EPS also saw a sharp decrease to $0.01. For the six months ended March 31, 2026, net income was down 60.5% to $13.26 million, and net cash from operating activities decreased by 68.1%. The company also announced expansion plans, signing leases for four new campuses and one relocation, representing $88.9 million in future lease payments.
Key Highlights
- Q2 2026 net income decreased 96.2% to $0.433 million from $11.446 million.
- Q2 2026 diluted EPS fell 95.2% to $0.01 from $0.21.
- Q2 2026 revenue increased 6.7% to $221.4 million from $207.4 million.
- Six-month net income decreased 60.5% to $13.26 million from $33.6 million.
- Six-month net cash from operations decreased 68.1% to $7.069 million.
- Signed leases for 4 new campuses and 1 relocation, with $88.9 million in future payments.
- Long-term debt increased to $127.78 million from $84.23 million since Sept 2025.
Price Impact
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