Universal Technical Institute, Inc.
uti.eduWhat Do They Do?
Provides transportation, skilled-trades and energy training, plus healthcare career programs, to students.
10-K for FY2025, filed Nov 26, 2025
How Do They Make Money?
Students pay tuition and fees, often with government student-aid funds; tuition covers training and is counted over the course or program term. Concorde bills short and core programs in full at the start and clinical programs by academic term.
10-K for FY2025, filed Nov 26, 2025Most students at our campuses rely on funds received under various government-sponsored student financial aid programs, predominantly Title…View ↗
Our revenues consist primarily of student tuition and fees derived from the programs we provide after reductions are made for discounts and…View ↗
The majority of the UTI programs are designed to be completed in 30 to 110 weeks. The UTI advanced training programs range from 12 to 23…View ↗
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10-K for FY2025, filed Nov 26, 2025
FY2025 revenue by reportable segment ↗
$835.6M
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10-K for FY2025, filed Nov 26, 2025
$835.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
UTI
Recurring
10-K for FY2025, filed Nov 26, 2025 |
65%
FY2022: 100%
|
UTI, FY2025
$541.8M Sources
|
Recurring |
|
Concorde
Recurring
10-K for FY2025, filed Nov 26, 2025 |
35%
FY2022: 0.0%
|
Concorde, FY2025
$293.8M Sources
|
Recurring |
Who Are Their Customers?
UTI reaches high school, adult and military students through its admissions channels, while Concorde focuses on adults near its campuses. The schools’ admissions representatives work with prospective students through enrollment.
10-K for FY2025, filed Nov 26, 2025
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 7 cents into free cash flow.
10-K for FY2025, filed Nov 26, 2025
$83.5MView ↗
10-K for FY2025, filed Nov 26, 2025
$63MView ↗
10-K for FY2025, filed Nov 26, 2025
$55.4MView ↗
How Are They Changing?
10-Q for Q3 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 5, 2026
Company revised its fiscal 2026 financial outlook
It expects fiscal 2026 revenue of $893 million to $900 million and reported adjusted EBITDA of $100 million to $103 million.
Sources
8-K, filed Aug 5, 2026
“Based on the timing of fourth-quarter enrollment trends, we are updating our fiscal 2026 outlook to reflect a more measured fourth-quarter…View ↗
Growing. Revenue grew 2.5x in 4 years, from $335.1M in FY2021 to $835.6M in FY2025, about 26% a year.
Healthcare education
The earlier report described transportation and technical training and an agreement to acquire Concorde; the latest report includes Concorde’s healthcare programs alongside UTI’s technical offerings.
10-K for FY2022, filed Dec 12, 2022 10-K for FY2025, filed Nov 26, 2025
Who Do They Compete With?
Competes with Adtalem Global Education, American Public Education, Legacy Education, Lincoln Educational Services, Perdoceo Education, and Strategic Education
10-K for FY2025, filed Nov 26, 2025Within the for-profit education sector, some of our public company competitors are Adtalem Global Education, Inc., American Public…View ↗
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