Record Revenue Growth
For the fourth quarter, total revenue grew by $16.9 million or 16.4% to $119.4 million, driven by a student population growth of 13.7% and tuition increases.
Strong Student Enrollment
Student starts grew nearly 10% in Q4 and 15.2% for the full year, marking nine consecutive quarters of start growth.
New Campus Success
The new Eastpointe campus in Atlanta exceeded projections, contributing $6 million more in revenue and $2 million more in EBITDA than expected.
Profitable Growth Initiatives
Adjusted EBITDA increased 60% to $42.3 million for the full year. The company opened new campuses and expanded high-demand programs.
Strong Cash Flow and No Debt
The company generated $30 million in cash flow from operations in Q4, ending the year with nearly $60 million in cash and no debt.
Positive Guidance for 2025
Revenue is expected to grow to $480 million - $490 million, with adjusted EBITDA projected at $55 million - $60 million.