Adtalem Global Education Inc 2026年季度报告

FORM10-Q (Mark One) QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended December 31, 2025 or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from_____to _____Commission File Number: 001-13988 Adtalem Global EducationInc.(Exact name of registrant as specified in its charter) (312) 651-1400(Registrant’s telephone number; including area code) Not Applicable(Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)ofthe Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days. YesNo◻ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12months (or forsuch shorter period that the registrant was required to submit such files).YesNo◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filer◻ Accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extendedtransition period for complying with any new or revised financial accounting standards provided pursuant toSection13(a)of the Exchange Act.◻ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No As of January 23, 2026, there were 34,508,523shares of the registrant’s common stock, $0.01par value per shareoutstanding. Adtalem Global Education Inc.Form 10-QTable of Contents PagePart I. Financial InformationItem 1.Financial Statements1Consolidated Balance Sheets1Consolidated Statements of Income2Consolidated Statements of Cash Flows3Consolidated Statements of Shareholders’ Equity4Notes to Consolidated Financial Statements5Item2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations26Item3.Quantitative and Qualitative Disclosures About Market Risk42Item4.Controls and Procedures42Part II. Other InformationItem1.Legal Proceedings43Item1A.Risk Factors43Item2.Unregistered Sales of Equity Securities and Use of Proceeds43Item 5.Other Information43Item6.Exhibits45Signature46 Item 1. Financial Statements Adtalem Global Education Inc.Consolidated Balance Sheets(unaudited)(in thousands, except par value) December31,June 30,20252025Assets:Current assets:Cash and cash equivalents$56,281$199,601Restricted cash2,3591,563Accounts and financing receivables, net162,848146,189Prepaid expenses and other current assets81,49468,837Total current assets302,982416,190Noncurrent assets:Property and equipment, net266,036256,131Operating lease assets189,483191,194Deferred income taxes—32,956Intangible assets, net759,864765,474Goodwill961,262961,262Other assets, net135,086129,145Total noncurrent assets2,311,7312,336,162Total assets$2,614,713$2,752,352Liabilities and shareholders' equity:Current liabilities:Accounts payable$103,103$105,017Accrued payroll and benefits53,15376,374Accrued liabilities72,28377,286Deferred revenue180,429214,091Current operating lease liabilities33,91735,159Total current liabilities442,885507,927Noncurrent liabilities:Long-term debt504,282552,669Long-term operating lease liabilities191,353186,172Deferred income taxes56,81531,856Other liabilities40,58240,103Total noncurrent liabilities793,032810,800Total liabilities1,235,9171,318,727Commitments and contingenciesShareholders' equity:Common stock, $0.01 par value per share, 200,000 shares authorized; 34,654 and 35,952shares outstanding as of December 31, 2025 and June 30, 2025, respectively847839Additional paid-in capital686,587664,300Retained earnings2,915,7822,777,574Accumulated other comprehensive loss(2,227)(2,227)Treasury stock, at cost, 50,086 and 47,990 shares as of December 31, 2025 and June 30, 2025,respectively(2,222,193)(2,006,861)Total shareholders' equity1,378,7961,433,625Total liabilities and shareholders' equity$2,614,713$2,752,352 Adtalem Global Education Inc.Consolidated Statements of Income(unaudited)(in thousands, except per share data) Adtalem Global Education Inc.Consolidated Statements of Cash Flows(unaudited)(in thousands) Six Months EndedDecember 31,20252024Operating activities:Net income$138,208$122,021In