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Universal Technical Institute (UTI) investor relations material
Universal Technical Institute Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue for Q1 2026 grew 10% year-over-year to $221 million, with baseline adjusted EBITDA at nearly $35 million and reported adjusted EBITDA at $27 million.
Multi-year transformation includes new campuses, acquisitions, and program expansions, driving significant revenue and profitability growth from 2018 to 2026E.
Average full-time active students increased 7%, and new student starts grew 3% year-over-year, aligning with expectations.
4 out of 5 graduates employed within one year across all programs and campuses.
Strong operational and financial footing, with execution of the North Star strategy driving growth and expansion.
Financial highlights
Q1 consolidated revenue increased 9.6% to $220.8 million; Concorde division up 11.5% to $78 million, UTI division up 8.6% to $142.8 million.
Consolidated net income for Q1 was $12.8 million, or $0.23 per diluted share.
Baseline adjusted EBITDA was $34.7 million, including $7.6 million in growth investments; SEC-reported adjusted EBITDA was $27.1 million.
Total available liquidity at quarter-end was $233.2 million, with $69.2 million in short-term investments and $70.4 million in revolving credit capacity.
Year-to-date capital expenditures were $24 million, representing 24% of the expected annual spend.
Outlook and guidance
Fiscal 2026 revenue expected between $905 million and $915 million, about 9% year-over-year growth at midpoint.
Baseline adjusted EBITDA anticipated at approximately $156 million, with $40 million in growth investments; reported adjusted EBITDA expected between $114 million and $119 million.
Net income guidance for 2026 is $40–$45 million, with diluted EPS of $0.71–$0.80.
Total new student starts projected at 31,500–33,000 for the year.
Long-term targets: revenue over $1.2 billion and adjusted EBITDA approaching $220 million by fiscal 2029.
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Net income up 11.7% YoY, shareholder returns at 50.2%, CET1 ratio at 13.33%. - RM
Record 2025 net income, originations, and efficiency set up strong 2026 growth outlook. - KPIL
27% YOY revenue growth, strong profit and order book, and improved debt metrics drive outlook. - FSV
Annual revenues rose 5% to $5.50B, led by Residential growth and improved profitability. - HEXT
Revenue up 7.6% YoY, margin expands, and AI and acquisitions drive future growth. - 4188
Net income surged on discontinued operations gains, but outlook cut due to restructuring costs. - 021240
Record-high profits and strong rental growth, with overseas expansion led by Malaysia and Thailand. - 021240
Record revenue and profit growth in 2Q'25, led by robust domestic and overseas performance. - 021240
Record-high revenue and net profit in 3Q'24, driven by robust rental growth and overseas expansion. - 021240
Record revenue and profit, with strong growth in rental accounts and overseas markets.
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