Universal Technical Institute Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Universal Technical Institute Inc reported revenue of $835.6M (+14.0% year on year) and net income of $63.0M (+50.0% year on year).
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Revenues | $835.6M | $732.7M | $607.4M | $418.8M |
| Educational services and facilities | $420.5M | $384.5M | $329.9M | $207.2M |
| Selling, general and administrative | $331.7M | $289.3M | $256.1M | $189.2M |
| Total operating expenses | $752.1M | $673.8M | $586.0M | $396.4M |
| Income from operations | $83.5M | $58.9M | $21.4M | $22.4M |
| Interest income | $6.2M | $6.3M | $5.9M | $507.0K |
| Interest expense | ($5.6M) | ($9.5M) | ($9.7M) | ($2.0M) |
| Other income | $265.0K | $496.0K | $483.0K | ($438.0K) |
| Total other income (expense), net | $805.0K | ($2.7M) | ($3.3M) | ($1.9M) |
| Income before income taxes | $84.3M | $56.2M | $18.1M | $20.4M |
| Income tax expense | ($21.3M) | ($14.2M) | ($5.8M) | $5.4M |
| Net income | $63.0M | $42.0M | $12.3M | $25.8M |
| Preferred stock dividends | $0 | ($1.1M) | ($5.1M) | ($5.2M) |
| Income available for distribution | $63.0M | $40.9M | $7.3M | — |
| Income allocated to participating securities | $0 | ($2.9M) | ($2.7M) | ($7.8M) |
| Net income available to common shareholders | $63.0M | $38.0M | $4.5M | $20.7M |
| Net income per share - basic (in dollars per share) | $1.16 | $0.77 | $0.13 | $0.39 |
| Net income per share - diluted (in dollars per share) | $1.13 | $0.75 | $0.13 | $0.38 |
| Basic (in shares) | 54.3M | 49.4M | 34.0M | 33.2M |
| Diluted (in shares) | 55.6M | 50.9M | 34.5M | 33.7M |
| Line item | Jun 30, 2026 · Q3 | Mar 31, 2026 · Q2 | Dec 31, 2025 · Q1 | Jun 30, 2025 · Q3 |
|---|---|---|---|---|
| Revenues | $218.9M | $221.4M | $220.8M | $204.3M |
| Educational services and facilities | $118.3M | $117.4M | $110.4M | $105.6M |
| Selling, general and administrative | $97.3M | $103.6M | $94.7M | $84.5M |
| Total operating expenses | $215.7M | $221.1M | $205.2M | $190.1M |
| Income from operations | $3.2M | $339.0K | $15.7M | $14.2M |
| Interest income | $764.0K | $1.1M | $1.5M | $1.4M |
| Interest expense | ($1.0M) | ($993.0K) | ($971.0K) | ($1.4M) |
| Other income (expense), net | $103.0K | ($23.0K) | ($50.0K) | $149.0K |
| Total other (expense) income, net | ($146.0K) | $44.0K | $525.0K | $200.0K |
| Income before income taxes | $3.1M | $383.0K | $16.2M | $14.4M |
| Income tax expense (Note 13) | ($820.0K) | $50.0K | ($3.4M) | ($3.7M) |
| Net income | $2.3M | $433.0K | $12.8M | $10.7M |
| Net income per share - basic (in dollars per share) | $0.04 | $0.01 | $0.24 | $0.20 |
| Net income per share - diluted (in dollars per share) | $0.04 | $0.01 | $0.23 | $0.19 |
| Basic (in shares) | 55.1M | 55.0M | 54.6M | 54.4M |
| Diluted (in shares) | 55.9M | 55.7M | 55.7M | 55.6M |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $127.4M | $161.9M | $151.5M | $66.5M |
| Restricted cash | $6.8M | $5.6M | $5.4M | $3.5M |
| Held-to-maturity investments | $41.8M | — | $0 | $28.9M |
| Receivables, net | $46.1M | $31.1M | $25.2M | $16.4M |
| Notes receivable, current portion | $6.6M | $6.2M | $6.0M | $5.6M |
| Prepaid expenses | $12.5M | $11.9M | $9.4M | $6.1M |
| Other current assets | $5.5M | $5.2M | $7.5M | $8.8M |
| Total current assets | $246.6M | $222.0M | $205.0M | $136.0M |
| Property and equipment, net | $285.9M | $264.8M | $266.3M | $214.3M |
| Goodwill | $28.5M | $28.5M | $28.5M | $16.9M |
| Intangible assets, net | $17.4M | $18.2M | $19.0M | $14.2M |
| Notes receivable, less current portion | $41.1M | $36.3M | $30.7M | $30.2M |
| Right-of-use assets for operating leases | $178.9M | $158.8M | $176.7M | $132.0M |
| Deferred tax assets | $4.3M | $3.6M | $3.8M | $3.4M |
| Other assets | $23.6M | $12.5M | $10.8M | $6.0M |
| Total assets | $826.1M | $744.6M | $740.7M | $552.9M |
| Accounts payable and accrued expenses | $104.6M | $83.9M | $69.9M | $63.5M |
| Deferred revenue | $91.5M | $92.5M | $85.7M | $54.2M |
| Operating lease liability, current portion | $17.0M | $22.2M | $22.5M | $13.0M |
| Long-term debt, current portion | $2.9M | $2.7M | $2.5M | $1.1M |
| Other current liabilities | $13.7M | $3.7M | $4.0M | $2.7M |
| Total current liabilities | $229.7M | $205.0M | $184.7M | $137.7M |
| Deferred tax liabilities | $4.1M | $4.7M | $663.0K | $0 |
| Operating lease liability | $174.8M | $146.8M | $165.0M | $129.3M |
| Long-term debt | $84.2M | $123.0M | $159.6M | $66.4M |
| Other liabilities | $5.1M | $4.8M | $4.7M | $4.1M |
| Total liabilities | $498.0M | $484.3M | $514.7M | $337.5M |
| Common stock, $0.0001 par value, 100,000 shares authorized, 54,512 and 53,899 shares issued, and 54,430 and 53,817 shares outstanding as of September 30, 2025 and 2024, respectively | 5.0K | 5.0K | 3.0K | 3.0K |
| Paid-in capital - common | $226.0M | $221.0M | $151.4M | $148.4M |
| Treasury stock, at cost, 82 shares as of September 30, 2025 and 2024 | -365.0K | -365.0K | -365.0K | -365.0K |
| Retained earnings | $101.5M | $38.5M | $5.9M | ($1.3M) |
| Accumulated other comprehensive income | $912.0K | $1.1M | $2.5M | $2.2M |
| Total shareholders’ equity | $328.1M | $260.2M | $226.0M | $215.4M |
| Total liabilities and shareholders’ equity | $826.1M | $744.6M | $740.7M | $552.9M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $130.1M | $87.2M | $93.6M | $70.7M |
| Restricted cash | $5.9M | $6.4M | $3.9M | $2.7M |
| Short-term investments | $40.1M | $74.8M | $69.2M | — |
| Receivables, net | $49.8M | $44.6M | $45.0M | $37.2M |
| Notes receivable, current portion | $6.7M | $6.7M | $6.7M | $6.5M |
| Prepaid expenses | $17.5M | $18.5M | $23.8M | $13.9M |
| Other current assets | $8.1M | $5.6M | $6.4M | $7.0M |
| Total current assets | $258.1M | $243.8M | $248.7M | $185.2M |
| Property and equipment, net | $338.8M | $324.8M | $300.9M | $267.7M |
| Goodwill | $28.5M | $28.5M | $28.5M | $28.5M |
| Intangible assets, net | $25.5M | $21.4M | $21.0M | $17.6M |
| Notes receivable, less current portion | $45.4M | $45.2M | $44.7M | $40.0M |
| Right-of-use assets for operating leases | $182.0M | $168.9M | $173.1M | $175.4M |
| Deferred tax assets, net | $2.3M | $2.7M | $2.0M | $3.0M |
| Other assets | $17.3M | $16.9M | $15.2M | $23.5M |
| Total assets | $897.9M | $852.2M | $834.0M | $740.8M |
| Accounts payable and accrued expenses | $105.8M | $106.4M | $93.2M | $91.3M |
| Deferred revenue | $70.7M | $74.0M | $88.6M | $67.0M |
| Operating lease liabilities, current portion | $14.8M | $20.7M | $18.6M | $18.7M |
| Long-term debt, current portion | $3.0M | $3.0M | $2.9M | $2.8M |
| Other current liabilities | $4.0M | $3.9M | $14.6M | $5.1M |
| Total current liabilities | $198.3M | $207.9M | $217.9M | $185.0M |
| Deferred tax liabilities, net | $4.1M | $4.1M | $4.1M | $4.7M |
| Operating lease liabilities | $184.6M | $164.8M | $169.6M | $168.5M |
| Long-term debt | $157.0M | $127.8M | $98.5M | $70.9M |
| Other liabilities | $9.5M | $7.6M | $8.0M | $4.8M |
| Total liabilities | $553.6M | $512.3M | $498.1M | $434.0M |
| Common stock, $0.0001 par value, 100,000 shares authorized, 55,177 and 54,512 shares issued, 55,095 and 54,430 shares outstanding as of June 30, 2026 and September 30, 2025, respectively | 6.0K | 6.0K | 5.0K | 5.0K |
| Paid-in capital | $226.7M | $224.8M | $221.1M | — |
| Treasury stock, at cost, 82 shares as of June 30, 2026 and September 30, 2025 | -365.0K | -365.0K | -365.0K | -365.0K |
| Retained earnings | $117.1M | $114.8M | $114.4M | $82.8M |
| Accumulated other comprehensive income | $872.0K | $725.0K | $817.0K | $1.0M |
| Total shareholders’ equity | $344.3M | $339.9M | $335.9M | $306.8M |
| Total liabilities and shareholders’ equity | $897.9M | $852.2M | $834.0M | $740.8M |
| Line item | Sep 30, 2025 · FY | Sep 30, 2024 · FY | Sep 30, 2023 · FY | Sep 30, 2022 · FY |
|---|---|---|---|---|
| Net income | $63.0M | $42.0M | $12.3M | $25.8M |
| Depreciation and amortization | $33.0M | $29.3M | $25.2M | $16.9M |
| Amortization of right-of-use assets for operating leases | $23.8M | $21.9M | $20.6M | $15.9M |
| Provision for credit losses | $22.1M | $7.5M | — | — |
| Stock-based compensation | $9.2M | $8.6M | $3.8M | $4.3M |
| Deferred income taxes | ($1.3M) | $4.4M | $4.6M | ($6.0M) |
| Training equipment credits earned, net | ($388.0K) | $1.4M | $1.4M | $180.0K |
| Unrealized (loss) gain on interest rate swaps, net of taxes | ($194.0K) | ($1.4M) | $250.0K | $2.5M |
| Other losses, net | $2.3M | $431.0K | $276.0K | $663.0K |
| Receivables | ($38.7M) | ($12.1M) | ($4.9M) | $564.0K |
| Notes receivable | ($5.2M) | ($5.8M) | ($791.0K) | $252.0K |
| Prepaid expenses and other current assets | ($1.7M) | ($3.7M) | ($2.0M) | ($1.7M) |
| Other assets | ($6.7M) | ($1.4M) | $740.0K | ($1.7M) |
| Accounts payable, accrued expenses and other current liabilities | $11.2M | $13.2M | ($5.9M) | $5.7M |
| Deferred revenue | ($1.0M) | $6.8M | $11.4M | ($5.3M) |
| Income tax payable/receivable | $11.4M | ($2.1M) | $0 | $0 |
| Operating lease liability | ($22.1M) | ($22.4M) | ($20.5M) | ($14.0M) |
| Other liabilities | ($1.1M) | ($766.0K) | ($709.0K) | ($4.3M) |
| Net cash provided by operating activities | $97.3M | $85.9M | $49.1M | $46.0M |
| Purchase of property and equipment | ($42.0M) | ($24.3M) | ($56.7M) | ($79.5M) |
| Purchase of held-to-maturity investments | ($68.4M) | $0 | $0 | ($28.8M) |
| Proceeds received upon maturity of investments | $22.3M | $0 | $29.0M | $0 |
| Proceeds from insurance policy | $169.0K | $296.0K | $0 | $0 |
| Cash paid for acquisitions, net of cash acquired | $0 | $0 | ($16.4M) | ($26.5M) |
| Net cash used in investing activities | ($87.9M) | ($24.0M) | ($44.1M) | ($134.6M) |
| Proceeds from revolving credit facility | $26.0M | $41.0M | $90.0M | — |
| Debt issuance costs related to long-term debt | $0 | $0 | ($516.0K) | ($378.0K) |
| Payment of term loans and finance leases | ($2.7M) | ($2.5M) | ($1.8M) | ($19.2M) |
| Payments on revolving credit facility | ($62.0M) | ($75.0M) | — | — |
| Payment of preferred stock cash dividend | $0 | ($1.1M) | ($5.1M) | ($5.2M) |
| Preferred share repurchase | $0 | ($11.5M) | — | — |
| Payment of payroll taxes on stock-based compensation through shares withheld | -4.8M | -2.2M | -781.0K | -651.0K |
| Proceeds from stock option exercises | $659.0K | — | — | — |
| Net cash (used in) provided by financing activities | ($42.8M) | ($51.3M) | $81.8M | $12.6M |
| Change in cash, cash equivalents and restricted cash | ($33.3M) | $10.5M | $86.9M | ($76.0M) |
| Cash and cash equivalents, beginning of period | $161.9M | $151.5M | $66.5M | $133.7M |
| Restricted cash, beginning of period | $5.6M | $5.4M | $3.5M | $12.3M |
| Cash, cash equivalents and restricted cash, beginning of period | $134.1M | $156.9M | $70.0M | $146.0M |
| Cash and cash equivalents, end of period | $127.4M | $161.9M | $151.5M | $66.5M |
| Restricted cash, end of period | $6.8M | $5.6M | $5.4M | $3.5M |
| Income taxes paid, net of refunds | $11.3M | $10.7M | — | — |
| Interest paid | $5.9M | $10.4M | $9.1M | $1.9M |
| Training equipment obtained in exchange for services | $1.4M | $1.1M | $1.1M | $1.5M |
| Depreciation of training equipment obtained in exchange for services | $678.0K | $625.0K | $692.0K | $918.0K |
| Change in accrued capital expenditures during the period | ($10.9M) | ($2.5M) | $3.6M | ($2.6M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · YTD | Dec 31, 2025 · Q1 | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $15.5M | $13.3M | $12.8M | $44.3M |
| Depreciation and amortization | $28.4M | $17.9M | $8.9M | $24.5M |
| Amortization of right-of-use assets for operating leases | $19.7M | $13.0M | $6.4M | $17.5M |
| Provision for credit losses | $22.4M | $15.2M | $7.8M | $15.1M |
| Stock-based compensation | $9.4M | $6.5M | $2.6M | $6.4M |
| Deferred income taxes | $2.0M | $1.5M | $2.3M | $579.0K |
| Training equipment credits earned, net | $487.0K | $370.0K | ($195.0K) | ($108.0K) |
| Unrealized gain (loss) on interest rate swaps, net of taxes | $121.0K | $8.0K | ($95.0K) | ($92.0K) |
| Other gains (losses), net | $545.0K | $393.0K | $264.0K | $1.2M |
| Receivables | ($26.5M) | ($14.2M) | ($7.3M) | ($21.9M) |
| Prepaid expenses and other current assets | ($11.7M) | ($8.1M) | ($12.4M) | ($4.5M) |
| Other assets | $2.2M | $2.9M | $4.6M | ($5.4M) |
| Notes receivable | ($4.4M) | ($4.2M) | ($3.7M) | ($4.1M) |
| Accounts payable, accrued expenses and other current liabilities | $4.4M | ($926.0K) | ($12.1M) | $6.5M |
| Deferred revenue | ($20.8M) | ($17.5M) | ($2.9M) | ($25.5M) |
| Income tax payable/receivable | ($7.1M) | ($8.4M) | $1.7M | $3.6M |
| Operating lease liabilities | ($15.2M) | ($9.3M) | ($5.1M) | ($16.8M) |
| Other liabilities | ($2.0M) | ($1.4M) | ($413.0K) | ($975.0K) |
| Net cash provided by operating activities | $17.4M | $7.1M | $3.1M | $40.2M |
| Purchase of property and equipment | ($80.9M) | ($52.7M) | ($22.2M) | ($25.5M) |
| Capitalized costs for intangible assets | ($4.5M) | ($1.3M) | ($438.0K) | — |
| Purchase of investments | ($57.3M) | ($53.2M) | ($33.7M) | — |
| Proceeds from sale of investments | $31.7M | — | — | — |
| Proceeds received upon maturity of investments | $31.3M | $23.7M | $9.8M | $1.9M |
| Proceeds from insurance policy | $37.0K | $36.0K | — | $0 |
| Net cash used in investing activities | ($79.7M) | ($83.4M) | ($46.6M) | ($78.3M) |
| Proceeds from revolving credit facility | $195.0M | $100.0M | $35.0M | $6.0M |
| Payments on revolving credit facility | ($120.0M) | ($55.0M) | ($20.0M) | ($56.0M) |
| Payment of term loans and finance leases | ($2.1M) | ($1.4M) | ($703.0K) | ($2.0M) |
| Proceeds from stock option exercises | $0 | $0 | $0 | $659.0K |
| Payment of payroll taxes on stock-based compensation through shares withheld | -8.7M | -7.7M | -7.5M | -4.7M |
| Net cash provided by (used in) financing activities | $64.1M | $35.9M | $6.8M | ($56.0M) |
| Change in cash, cash equivalents and restricted cash | $1.8M | ($40.5M) | ($36.7M) | ($94.1M) |
| Cash and cash equivalents, beginning of period | $127.4M | $127.4M | $127.4M | $161.9M |
| Restricted cash, beginning of period | $6.8M | $6.8M | $6.8M | $5.6M |
| Cash, cash equivalents and restricted cash, beginning of period | $134.1M | $134.1M | $134.1M | $167.5M |
| Cash and cash equivalents, end of period | $130.1M | $87.2M | $93.6M | $70.7M |
| Restricted cash, end of period | $5.9M | $6.4M | $3.9M | $2.7M |
| Cash, cash equivalents and restricted cash, end of period | $135.9M | $93.6M | $97.5M | $73.4M |
| Income taxes paid (refunds received), net | $13.3M | $11.5M | ($585.0K) | $10.4M |
| Interest paid | $3.1M | $2.0M | $997.0K | $4.9M |
| Training equipment obtained in exchange for services | $6.3M | $3.9M | $3.2M | $930.0K |
| Depreciation of training equipment obtained in exchange for services | $833.0K | $524.0K | $287.0K | $502.0K |
| Change in accrued capital expenditures during the period | $2.4M | ($3.3M) | ($846.0K) | ($1.3M) |
Universal Technical Institute Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.