Universal Technical Institute
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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.
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Q1 2026 earnings summary4 Feb, 2026

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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Frequently asked questions

Universal Technical Institute Inc. provides postsecondary education programs for students pursuing careers as automotive, diesel, collision repair, motorcycle, and marine technicians. It also offers training in welding, CNC machining, and HVAC systems. The company is headquartered in Phoenix, Arizona, and its shares are listed on the NYSE.

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