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Consolidated adjusted operating income was USD 70 million. Free cash flow was negative USD 52 million, reflecting the USD 85 million litigation settlement payment. Excluding that one-time payment, free cash flow would have been USD 33 million.
Adjusted EBITDA was USD 92 million. Management said that without the full consolidation of its joint ventures, non-GAAP EPS would have been USD 0.60 and adjusted EBITDA would have been USD 78 million.
Total operating expenses were USD 8.67 million, compared with USD 10.04 million. Interest income was USD 0.7 million in both periods.
Management said revenue was above the high end of its guidance range of USD 164.5 million to USD 167 million. Excluding USD 0.8 million of Graduate School USA revenue in the prior year period, revenue would have grown 4.2%.
Adjusted EBITDA was USD 39.8 million, up 46%, withMarginexpanding approximately 290 basis points to 22.3%. The company reportedGAAPnet income of USD 10.3 million, or USD 0.06 per diluted share, compared with a net loss of USD 21.4 million, or USD 0.20 per share, in …
Net loss before allocation to noncontrolling interest was USD 171.8 million, compared with USD 163.8 million. The net loss attributable to common stockholders was USD 132.4 million, compared with USD 122.9 million, and the net loss attributable to noncontrolling interest was USD 39.4 million, …
Research and development expense was USD 27.1 million, compared with USD 38.3 million. General and administrative expense was USD 6.9 million, compared with USD 7.2 million. For the nine months, the net loss was USD 110.5 million, compared with USD 113.5 million,Research and Developmentexpense …
General and administrative expenses were USD 19.2 million, compared with USD 7.7 million a year earlier. The company ended the quarter with approximately USD 442.3 million in cash, cash equivalents and marketable securities, which it said provides runway into the first half of 2029.
During the three months ended September 30, 2026, the company invested USD 121.5 million, including PIK, in 120 portfolio companies. Principal repayments and sales totaled USD 203.1 million, resulting in a net decrease in investments of USD 81.6 million. In the prior year quarter, …
The operating loss from continuing operations was USD 14.4 million, compared with USD 25.3 million. Adjusted EBITDA loss was USD 11.8 million, compared with USD 14.8 million.
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