Adtalem Global Education (NYSE: ATGE), filing under accession 000155837025010780 as Covista Inc (CVSA), is a for-profit postsecondary education company that operates degree-granting institutions across healthcare and professional education. Revenue is generated through tuition and fees paid by enrolled students across three reporting segments: Chamberlain University, Walden University, and Medical and Veterinary schools. Consolidated costs across these three segments totaled $771,430 thousand in FY2025 (year ended June 30, 2025), up 10.4% from $698,548 thousand in FY2024. Chamberlain segment costs were $321,769 thousand (FY2025), Walden segment costs were $240,084 thousand (FY2025), and Medical and Veterinary segment costs were $209,577 thousand (FY2025). The company has carried goodwill and intangible assets on its balance sheet reflecting the acquisition of Walden University. Operating expenses include cost of educational services, student services and administrative expense, restructuring charges, and business integration costs tied to the Walden acquisition.

Revenue model

Tuition and fee revenue from enrolled students across Chamberlain University (nursing and healthcare), Walden University (graduate and professional programs), and Medical and Veterinary schools. Revenue is transactional per enrollment period.

Products and services

Chamberlain University: undergraduate and graduate nursing and healthcare programs. Walden University: online graduate and professional degree programs. Medical and Veterinary segment: medical and veterinary school programs. The company also operates a Colleague Stock Purchase Plan for employees.

Customers and end markets

Enrolled students in healthcare, nursing, medical, veterinary, and professional graduate programs. End markets are healthcare workforce education and professional credentialing.

Value-chain role

Direct provider of postsecondary education and degree programs. Collects, stores, and processes large volumes of student personal and financial information. Relies on information technology systems to deliver and administer educational services.

Source: SEC 10-K, filed 2025-08-07

Industry: Services-Educational Services Peers: Perdoceo Education Corp Coursera Inc Duolingo Inc Graham Holdings Co Grand Canyon Education Inc Stride Inc Laureate Education Inc Strategic Education Inc Udemy Inc