HIGHBuilt-inProduct / Revenue mix
97%
degree-granting programs
“10-K Item 1: 'Our degree-granting programs represented approximately 97% of our net revenue for fiscal year 2025'”
PXED · Concentration risk · 10-K extracted
Phoenix Education Partners (PXED) concentration risks
Updated
The most significant concentration Phoenix Education Partners discloses is degree-granting programs at 97%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Phoenix Education Partners’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH2
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHBuilt-inRegulatory
88.6%
Title IV funds
“10-K Item 1A: 'we derived 88.6% of our cash basis revenue from Title IV funds in our most recent fiscal year'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Phoenix Education Partners' concentration risk is concentrated on two closely linked fronts: its academic program mix and its funding source. Degree-granting programs represented approximately 97% of net revenue in the most recent fiscal year, meaning the business is almost entirely a single-product-line operation — a structural characteristic of a for-profit degree institution. Compounding this, the company derived 88.6% of its cash basis revenue from Title IV federal funds in the same period. Both exposures are structural rather than counterparty-specific, but they interact: because revenue is overwhelmingly tied to degree programs which are in turn overwhelmingly funded through a single federal aid mechanism, any regulatory change affecting Title IV eligibility or degree-program accreditation would flow through nearly the entire revenue base with essentially no offsetting diversification. There is no disclosed customer or geographic concentration to weigh against this. For an investor, the dominant swing factor is regulatory: shifts in Title IV rules or degree-program oversight represent the single largest lever on this company's financial results, given how little of revenue sits outside these two overlapping structural concentrations.
For the engine’s reasoning on PXED’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Education & Training Services
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| PXED● | Phoenix Education Partners, Inc | 2 | 0 | 0 | 2 |
| KLC | KinderCare Learning Companies, | 1 | 1 | 0 | 2 |
| LAUR | Laureate Education, Inc. | 1 | 0 | 0 | 1 |
| COUR | Coursera, Inc. | 0 | 0 | 1 | 1 |
| APEI | American Public Education, Inc. | 0 | 0 | 0 | 0 |
| CVSA | Covista Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.