Universal Technical Q3 Net Income Plunges 79% to $2.3M; Revenue Up 7%
Universal Technical Institute reported a significant decline in net income for the third quarter and nine months ended June 30, 2026, despite revenue growth. Net income for Q3 fell by 79% to $2.3 million, and diluted EPS dropped to $0.04. Year-to-date net income also decreased by 65%. The company saw a 7% increase in Q3 revenue and an 8% increase year-to-date, alongside a substantial increase in long-term debt and capital expenditures, supporting its expansion strategy including a new campus opening in Atlanta.
Key Highlights
- Q3 2026 net income decreased 79% to $2.3 million from $10.7 million in Q3 2025.
- Q3 2026 diluted EPS fell 79% to $0.04 from $0.19 in Q3 2025.
- Q3 2026 revenue increased 7% to $218.9 million from $204.3 million in Q3 2025.
- Nine-month 2026 net income decreased 65% to $15.5 million from $44.3 million in 2025.
- Nine-month 2026 revenue increased 8% to $661.2 million from $613.2 million in 2025.
- Long-term debt increased to $157.0 million as of June 30, 2026, from $84.2 million in September 2025.
- Net cash from operating activities for nine months decreased 57% to $17.4 million.
- Opened a new campus in Atlanta, Georgia, in July 2026, expanding to 17 locations.
Price Impact
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