Universal Technical Institute (UTI) Operating Expenses (2010 - 2026)
Universal Technical Institute (UTI) posted quarterly Operating Expenses of $221.1 million for Q1 2026, up 15.99% year-over-year from $190.6 million in Q1 2025, and up 7.75% quarter-over-quarter from $205.2 million in Q4 2025.
Universal Technical Institute (UTI) Operating Expenses (2010 - 2026) Analysis & Trends
Universal Technical Institute (UTI) has reported Operating Expenses for 17 consecutive years, with $221.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 15.99% year-over-year to $221.1 million; the TTM figure through Mar 2026 stood at $813.8 million (up 15.45% YoY), while the FY2025 annual figure was $752.1 million, up 11.63% from the prior year.
- Operating Expenses grew to $221.1 million in Q1 2026 per UTI's latest filing, from $205.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $221.1 million in Q1 2026 and bottomed at $98.7 million in Q1 2022.
- Historically, Operating Expenses has averaged $161.4 million across 5 years, with a median of $170.0 million in 2024.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 59.94% — and 2024, when it increased 6.49%.
- Universal Technical Institute's Operating Expenses stood at $115.6 million in 2022, then surged by 38.86% to $160.5 million in 2023, then climbed by 8.41% to $174.0 million in 2024, then advanced by 17.94% to $205.2 million in 2025, then increased by 7.75% to $221.1 million in 2026.
- Business Quant data shows UTI's Operating Expenses at $221.1 million in Q1 2026, $205.2 million in Q4 2025, and $197.5 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | New Oriental Education & Technology | 84.71 Bn | 82.71 Bn | 812.22 Mn | 1.44 Bn |
| 2 | 51Talk Online Education | 7.32 Bn | 7.28 Bn | 22.97 Mn | -24.40 Mn |
| 3 | Laureate Education | 5.21 Bn | 5.05 Bn | 237.67 Mn | 14.24 Mn |
| 4 | Graham Holdings | 4.98 Bn | 3.74 Bn | 777.03 Mn | 1.22 Bn |
| 5 | Covista | 4.66 Bn | 4.66 Bn | 284.63 Mn | 405.94 Mn |
| 6 | Grand Canyon Education | 3.78 Bn | 3.50 Bn | 204.08 Mn | 205.89 Mn |
| 7 | Stride | 3.50 Bn | 2.55 Bn | 217.28 Mn | 111.43 Mn |
| 8 | McGraw Hill | 2.38 Bn | 2.13 Bn | 388.89 Mn | 395.25 Mn |
| 9 | TAL Education | 2.28 Bn | -401.26 Mn | 227.32 Mn | 243.19 Mn |
| 10 | Universal Technical Institute | 1.44 Bn | 1.27 Bn | 100.57 Mn | 215.66 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 215.66 Mn |
| Mar 31, 2026 | 221.06 Mn |
| Dec 31, 2025 | 205.16 Mn |
| Sep 30, 2025 | 197.46 Mn |
| Jun 30, 2025 | 190.15 Mn |
| Mar 31, 2025 | 190.59 Mn |
| Dec 31, 2024 | 173.95 Mn |
| Sep 30, 2024 | 170.34 Mn |
| Jun 30, 2024 | 170.01 Mn |
| Mar 31, 2024 | 172.98 Mn |
| Dec 31, 2023 | 160.46 Mn |
| Sep 30, 2023 | 159.96 Mn |
| Jun 30, 2023 | 152.62 Mn |
| Mar 31, 2023 | 157.87 Mn |
| Dec 31, 2022 | 115.56 Mn |
| Sep 30, 2022 | 107.17 Mn |
| Jun 30, 2022 | 99.01 Mn |
| Mar 31, 2022 | 98.71 Mn |
| Dec 31, 2021 | 91.50 Mn |
| Sep 30, 2021 | 84.70 Mn |