Universal Technical Institute, Inc. (UTI) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 221.4M | 220.84M | 222.44M | 204.3M | 207.45M | 201.43M | 196.36M | 177.46M | 184.18M | 174.69M | 170.3M | 153.29M | 163.82M | 120M | 110.64M | 100.97M | 102.09M | 105.08M | 97.48M | 83.77M |
| Revenue Growth % | 6.73% | 9.64% | 13.28% | 15.12% | 12.64% | 15.3% | 15.3% | 15.77% | 12.43% | 45.57% | 53.92% | 51.82% | 60.47% | 14.21% | 13.5% | 20.53% | 31.37% | 38.03% | 27.71% | 53.75% |
| Cost of Goods Sold | 111.04M | 110.45M | 111.66M | 106.2M | 102.49M | 100.14M | 99.36M | 95.28M | 97.49M | 92.41M | 93.16M | 88.38M | 86.93M | 61.41M | 56.91M | 53.22M | 49.21M | 47.9M | 44.77M | 42.24M |
| COGS % of Revenue | 50.15% | 50.01% | 50.2% | 51.99% | 49.4% | 49.72% | 50.6% | 53.69% | 52.93% | 52.9% | 54.7% | 57.66% | 53.06% | 51.17% | 51.44% | 52.71% | 48.2% | 45.59% | 45.93% | 50.42% |
| Gross Profit | -109.8M | 110.4M | 110.78M | 98.09M | 104.96M | 101.29M | 97M | 82.18M | 86.69M | 82.29M | 77.14M | 64.91M | 76.89M | 58.6M | 53.73M | 47.75M | 52.88M | 57.17M | 52.71M | 41.53M |
| Gross Margin % | -49.59% | 49.99% | 49.8% | 48.01% | 50.6% | 50.28% | 49.4% | 46.31% | 47.07% | 47.1% | 45.3% | 42.34% | 46.94% | 48.83% | 48.56% | 47.29% | 51.8% | 54.41% | 54.07% | 49.58% |
| Gross Profit Growth % | -204.61% | 8.99% | 14.21% | 19.36% | 21.08% | 23.09% | 25.74% | 26.61% | 12.74% | 40.43% | 43.57% | 35.94% | 45.41% | 2.49% | 1.93% | 14.98% | 42.03% | 55.39% | 36.36% | 88.71% |
| Operating Expenses | 103.63M | 94.71M | 85.8M | 83.94M | 88.11M | 73.81M | 70.98M | 74.73M | 75.5M | 68.06M | 66.8M | 64.25M | 70.94M | 54.15M | 50.27M | 45.8M | 49.5M | 43.6M | 39.93M | 38.48M |
| OpEx % of Revenue | 46.81% | 42.88% | 38.57% | 41.09% | 42.47% | 36.64% | 36.15% | 42.11% | 40.99% | 38.96% | 39.23% | 41.91% | 43.3% | 45.12% | 45.43% | 45.36% | 48.49% | 41.49% | 40.96% | 45.93% |
| Selling, General & Admin | 103.63M | 94.71M | 85.2M | 84.54M | 88.11M | 73.81M | 70.98M | 74.73M | 75.5M | 68.06M | 66.8M | 64.25M | 70.94M | 54.15M | 47.95M | 45.52M | 49.19M | 43.6M | 39.93M | 38.48M |
| SG&A % of Revenue | 46.81% | 42.88% | 38.3% | 41.38% | 42.47% | 36.64% | 36.15% | 42.11% | 40.99% | 38.96% | 39.23% | 41.91% | 43.3% | 45.12% | 43.34% | 45.08% | 48.18% | 41.49% | 40.96% | 45.93% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 0 | 601K | -601K | 0 | 0 | 0 | 0 | 0 | 214K | -57K | 89K | 0 | 325K | -102K | 276K | 312K | 118K | 10K | 153K |
| Operating Income | 339K | 15.69M | 24.99M | 14.15M | 16.85M | 27.48M | 26.02M | 7.45M | 11.19M | 14.23M | 10.34M | 663K | 5.95M | 4.45M | 3.46M | 1.95M | 3.38M | 13.58M | 12.78M | 3.05M |
| Operating Margin % | 0.15% | 7.1% | 11.23% | 6.93% | 8.12% | 13.64% | 13.25% | 4.2% | 6.08% | 8.15% | 6.07% | 0.43% | 3.63% | 3.71% | 3.13% | 1.94% | 3.31% | 12.92% | 13.11% | 3.64% |
| Operating Income Growth % | -97.99% | -42.91% | -3.98% | 90.06% | 50.58% | 93.09% | 151.69% | 1023.08% | 88.13% | 219.94% | 198.38% | -66.07% | 76.16% | -67.24% | -72.89% | -35.98% | 303.31% | 1652% | 107.72% | 122.15% |
| EBITDA | -14.94M | 30.96M | 33.49M | 28.64M | 30.71M | 41.07M | 39.18M | 20.34M | 23.82M | 26.75M | 22.07M | 12.68M | 18.65M | 13.82M | 11.48M | 10.03M | 11.91M | 21.73M | 20.09M | 10.41M |
| EBITDA Margin % | -6.75% | 14.02% | 15.06% | 14.02% | 14.81% | 20.39% | 19.95% | 11.46% | 12.93% | 15.31% | 12.96% | 8.27% | 11.38% | 11.51% | 10.38% | 9.93% | 11.67% | 20.68% | 20.61% | 12.43% |
| EBITDA Growth % | -148.63% | -24.61% | -14.51% | 40.83% | 28.97% | 53.56% | 77.51% | 60.34% | 27.71% | 93.59% | 92.21% | 26.49% | 56.55% | -36.42% | -42.84% | -3.67% | 113.48% | 155.58% | 31.76% | 329.85% |
| D&A (Non-Cash Add-back) | -15.27M | 15.27M | 8.51M | 14.49M | 13.86M | 13.59M | 13.15M | 12.89M | 12.62M | 12.52M | 11.73M | 12.02M | 12.7M | 9.37M | 8.02M | 8.07M | 8.54M | 8.15M | 7.31M | 7.36M |
| EBIT | 0 | 17.18M | 26.47M | 14.15M | 18.49M | 29.2M | 27.64M | 7.45M | 11.19M | 14.23M | 10.34M | 663K | 7.88M | 4.45M | 3.78M | 1.95M | 3.38M | 13.58M | 12.74M | 3.05M |
| Net Interest Income | 0 | 575K | 431K | 51K | -28K | 86K | -795K | -709K | -757K | -896K | -1.04M | -1.32M | -832K | -600K | -332K | -484K | -458K | -221K | -222K | -119K |
| Interest Income | 1.06M | 1.55M | 1.34M | 1.45M | 1.63M | 1.76M | 1.47M | 1.44M | 1.43M | 1.98M | 1.6M | 1.63M | 1.8M | 823K | 419K | 68K | 8K | 12K | 10K | 11K |
| Interest Expense | -3.08M | 971K | 909K | 1.39M | 1.66M | 1.67M | 2.27M | 2.15M | 2.18M | 2.87M | 2.64M | 2.96M | 2.64M | 1.42M | 751K | 552K | 466K | 233K | 232K | 130K |
| Other Income/Expense | 44K | 525K | 573K | 200K | -19K | 51K | -652K | -689K | -638K | -682K | -1.09M | -1.24M | -706K | -275K | -434K | -775K | -621K | -103K | -212K | 34K |
| Pretax Income | 383K | 16.21M | 25.56M | 14.35M | 16.83M | 27.53M | 25.37M | 6.76M | 10.55M | 13.55M | 9.24M | -573K | 5.24M | 4.17M | 3.03M | 1.18M | 2.76M | 13.47M | 12.57M | 3.09M |
| Pretax Margin % | 0.17% | 7.34% | 11.49% | 7.03% | 8.11% | 13.67% | 12.92% | 3.81% | 5.73% | 7.76% | 5.43% | -0.37% | 3.2% | 3.48% | 2.74% | 1.17% | 2.7% | 12.82% | 12.89% | 3.68% |
| Income Tax | 50K | 3.38M | 6.8M | 3.69M | 5.39M | 5.38M | 6.53M | 1.77M | 2.77M | 3.16M | 2.54M | -64K | 1.76M | 1.52M | 202K | 336K | -4.6M | -1.35M | 524K | 86K |
| Effective Tax Rate % | 13.05% | 20.88% | 26.62% | 25.7% | 32.01% | 19.53% | 25.74% | 26.22% | 26.22% | 23.32% | 27.49% | 11.17% | 33.63% | 36.54% | 6.66% | 28.5% | -166.84% | -10% | 4.17% | 2.79% |
| Net Income | 433K | 12.83M | 18.76M | 10.66M | 11.45M | 22.15M | 18.84M | 4.99M | 7.79M | 10.39M | 6.7M | -509K | 3.48M | 2.65M | 2.83M | 843K | 7.35M | 14.82M | 12.04M | 3M |
| Net Margin % | 0.2% | 5.81% | 8.43% | 5.22% | 5.52% | 11% | 9.59% | 2.81% | 4.23% | 5.95% | 3.94% | -0.33% | 2.12% | 2.21% | 2.56% | 0.83% | 7.2% | 14.11% | 12.36% | 3.58% |
| Net Income Growth % | -96.22% | -42.1% | -0.45% | 113.9% | 46.99% | 113.24% | 181.07% | 1079.37% | 123.76% | 292.33% | 136.94% | -160.38% | -52.68% | -82.13% | -76.51% | -71.9% | 575.37% | 1268.61% | 86.74% | 122.61% |
| Net Income (Continuing) | 0 | 12.83M | 18.76M | 10.66M | 11.45M | 22.15M | 18.84M | 4.99M | 7.79M | 10.39M | 6.7M | -509K | 3.48M | 2.65M | 2.83M | 843K | 7.35M | 14.82M | 12.04M | 3M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.01 | 0.23 | 0.34 | 0.19 | 0.21 | 0.40 | 0.34 | 0.09 | 0.14 | 0.17 | 0.10 | -0.01 | 0.04 | 0.02 | 0.03 | 0.03 | 0.22 | 0.25 | 0.20 | 0.03 |
| EPS Growth % | -95.24% | -42.5% | 0% | 109.48% | 50% | 135.29% | 248.36% | 708.72% | 246.53% | 582.73% | 225.33% | -158.89% | -81.64% | -90.04% | -85% | -15.67% | 566.1% | 2600% | 122.22% | 107.32% |
| EPS (Basic) | 0.01 | 0.24 | 0.34 | 0.20 | 0.21 | 0.41 | 0.35 | 0.09 | 0.14 | 0.18 | 0.10 | -0.01 | 0.04 | 0.03 | 0.03 | 0.03 | 0.22 | 0.25 | 0.20 | 0.03 |
| Diluted Shares Outstanding | 55.73M | 55.74M | 55.73M | 55.63M | 55.44M | 55.41M | 55.4M | 54.95M | 54.77M | 37.44M | 34.82M | 34.07M | 34.55M | 34.41M | 34.28M | 33.26M | 33.44M | 33.57M | 33.37M | 33.04M |
| Basic Shares Outstanding | 54.8M | 54.57M | 54.42M | 54.41M | 54.38M | 53.99M | 53.81M | 53.8M | 53.76M | 36.43M | 34.07M | 34.07M | 34M | 33.8M | 33.77M | 33.26M | 32.99M | 32.85M | 32.83M | 32.82M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.59% | - | - | - |