UNIVERSAL TECHNICAL INSTITUTE INC

Listed Company

UTICIK 0001261654NYSELarge AcceleratedServices-Educational ServicesDelawareFY ends Sep 30

Period

FY 2025

Revenue

$835.62M

Net Income

$63.02M

Total Assets

$826.14M

Equity

$328.11M

Shares Out

55.02M

Op. Cash Flow

$97.33M

Business

Universal Technical Institute, Inc. provides workforce education and training in transportation, skilled trades, energy and healthcare through institutional and corporate operations. The company offers hands-on degree and non-degree programs, clinical externships, manufacturer-specific advanced training, student support services, career services and financing options. Its business is organized into two reportable segments: Universal Technical Institute (UTI) for transportation, skilled trades and energy programs, and Concorde Career Colleges for allied health and nursing programs, with a corporate function for shared services. It operates campuses across numerous U.S. states and online, recruiting via high school, adult and military channels and partnering with OEMs, employers and clinical affiliates for placement and program support.

Summary from filing dated 2025-11-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Revenues	836	733	607	419	335
Educational services and facilities	420	385	330	207	167
Selling, general and administrative	332	289	256	189	153
Total operating expenses	752	674	586	396	320
Income from operations	83	59	21	22	15
Interest income	6	6	6	507,000	83,000
Interest expense	−6	−9	−10	−2	—
Other income	265,000	496,000	483,000	−438,000	518,000
Total other income (expense), net	805,000	−3	−3	−2	236,000
Income before income taxes	84	56	18	20	15
Income tax expense	−21	−14	−6	5	−602,000
Net income	63	42	12	26	15
Preferred stock dividends	0	−1	−5	−5	−5
Income available for distribution	63	41	7	21	9
Income allocated to participating securities	0	−3	−3	−8	−4
Net income available to common shareholders	63	38	5	13	6
Net income per share - basic (in dollars per share)	1.16	0.77	0.13	0.39	0.17
Net income per share - diluted (in dollars per share)	1.13	0.75	0.13	0.38	0.17
Basic (in shares)	54	49	34	33	33
Diluted (in shares)	56	51	34	34	33

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	127	162	152	66	134
Restricted cash	7	6	5	4	12
Held-to-maturity investments	42	0	—	—	—
Receivables, net	46	31	25	16	17
Notes receivable, current portion	7	6	6	—	—
Prepaid expenses	13	12	9	6	7
Other current assets	6	5	7	9	8
Total current assets	247	222	205	136	183
Property and equipment, net	286	265	266	214	122
Goodwill	29	29	29	17	8
Intangible assets, net	17	18	19	14	124,000
Notes receivable, less current portion	41	36	31	—	—
Right-of-use assets for operating leases	179	159	177	132	159
Deferred tax assets	4	4	4	3	0
Other assets	24	13	11	6	9
Total assets	826	745	741	553	513
Accounts payable and accrued expenses	105	84	70	67	54
Deferred revenue	92	93	86	54	58
Operating lease liability, current portion	17	22	22	13	14
Long-term debt, current portion	3	3	3	1	876,000
Other current liabilities	14	4	4	3	2
Total current liabilities	230	205	185	138	133
Deferred tax liabilities	4	5	663,000	0	674,000
Operating lease liability	175	147	165	129	153
Long-term debt	84	123	160	66	30
Other liabilities	5	5	5	4	8
Total liabilities	498	484	515	338	324
Commitments and contingencies (Note 18)	—	—	—	—	—
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	5,000	5,000	3,000	3,000	3,000
Paid-in capital - common	226	221	151	148	142
Treasury stock, at cost, 82 shares as of September 30, 2025 and 2024	−365,000	−365,000	−365,000	−365,000	−365,000
Retained earnings	102	39	6	−1	−22
Accumulated other comprehensive income	912,000	1	2	2	−279,000
Total shareholders equity	328	260	226	215	189
Total liabilities and shareholders equity	826	745	741	553	513

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	33	29	25	17	—
Amortization of right-of-use assets for operating leases	24	22	21	16	16
Provision for credit losses	22	8	3	3	—
Stock-based compensation	9	9	4	4	2
Deferred income taxes	−1	4	5	−6	0
Training equipment credits earned, net	−388,000	1	1	180,000	364,000
Unrealized (loss) gain on interest rate swaps, net of taxes	−194,000	−1	250,000	2	−279,000
Other losses, net	2	431,000	276,000	663,000	−13,000
Receivables	−39	−12	−4	564,000	8
Notes receivable	−5	−6	−791,000	252,000	—
Prepaid expenses and other current assets	−2	−4	−2	−2	−4
Other assets	−7	−1	740,000	−2	−768,000
Accounts payable, accrued expenses and other current liabilities	11	13	−6	7	4
Deferred revenue	−1	7	11	−5	17
Income tax payable/receivable	11	−2	−908,000	222,000	7
Operating lease liability	−22	−22	−20	−14	−20
Other liabilities	−1	−766,000	−709,000	−4	−2
Net cash provided by operating activities	97	86	49	46	55
Purchase of property and equipment	−42	−24	−57	−79	−61
Purchase of held-to-maturity investments	−68	0	0	−29	0
Proceeds received upon maturity of investments	22	0	29	0	—
Proceeds from insurance policy	169,000	296,000	0	0	—
Cash paid for acquisitions, net of cash acquired	0	0	−16	−27	0
Net cash used in investing activities	−88	−24	−44	−135	−23
Proceeds from revolving credit facility	26	41	90	0	0
Debt issuance costs related to long-term debt	0	0	−516,000	−378,000	−272,000
Payment of term loans and finance leases	−3	−3	−2	−19	−383,000
Payments on revolving credit facility	−62	−75	0	0	—
Payment of preferred stock cash dividend	0	−1	−5	−5	−5
Preferred share repurchase	0	−12	0	0	—
Payment of payroll taxes on stock-based compensation through shares withheld	−5	−2	−781,000	−651,000	−421,000
Proceeds from stock option exercises	659,000	0	0	—	—
Net cash (used in) provided by financing activities	−43	−51	82	13	25
Change in cash, cash equivalents and restricted cash	−33	11	87	−76	57
Income taxes paid, net of refunds	11	11	658,000	859,000	—
Interest paid	6	10	9	2	349,000
Training equipment obtained in exchange for services	1	1	1	1	679,000
Depreciation of training equipment obtained in exchange for services	678,000	625,000	692,000	918,000	1
Change in accrued capital expenditures during the period	−11	−2	4	−3	−1
Conversion of Series A Preferred Stock	0	63	0	0	—

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