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$PXED
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Consolidated Balance Sheets

In millions of USD, except per-share amounts
May 2026
As of May 31, 2026
Feb 2026
As of Feb 28, 2026
Nov 2025
As of Nov 30, 2025
ASSETS
Current assets:
Cash and cash equivalents
Restricted cash and cash equivalents
Marketable securities
Accounts receivable, net
Prepaid income taxes
Other current assets
Total current assets
Marketable securities
Property and equipment, net
Goodwill
Intangible assets, net
Operating lease right-of-use assets, net
Deferred income taxes, net
Other assets
Total assets
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable
Accrued compensation and benefits
Student deposits
Deferred revenue
Current operating lease liabilities
Other current liabilities
Total current liabilities
Long-term operating lease liabilities
Other long-term liabilities
Total liabilities
Equity:(1)
General partner
Limited partners (35,596 shares outstanding as of August 31, 2025)
Preferred Stock ($0.01 par value; 5,000 shares authorized, no shares issued and outstanding)
Common Stock ($0.01 par value; 1,495,000 shares authorized, 36,010 shares issued and outstanding as of May 31, 2026)
Additional paid-in capital
Retained earnings
Accumulated other comprehensive (loss) income, net
Total Phoenix Education Partners, Inc. equity
Noncontrolling interests
Total equity
Total liabilities and equity

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