Covista
Runs nursing, online graduate, medical, and veterinary schools for the U.S. healthcare workforce.
Something off on this page? Send us feedback.
Profile
Runs five accredited postsecondary institutions spanning nursing, online graduate education, medicine, and veterinary medicine. Earns tuition and fees through Chamberlain, Walden, and Medical and Veterinary segments, with most revenue tied to U.S. federal student aid and operations dependent on accreditation and regulatory approvals.
Operates five accredited postsecondary institutions. Chamberlain University offers nursing and health-professions programs through U.S. campuses and online delivery, while Walden University delivers online programs in healthcare, education, business, psychology, and social work. American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine provide medical and veterinary education centered on Caribbean campuses and clinical training networks.
Revenue comes chiefly from tuition and fees, with most funding ultimately tied to U.S. federal student-aid programs. Recent enrollment growth has spanned its operating segments; management is adding nursing-campus capacity and employer partnerships. Each institution's ability to enroll students and award credentials depends on accreditation, state authorization, program outcomes, and continued Title IV eligibility.
Company facts
Categories
Key statistics
Year to date +28.8% · Average volume (30d) 338.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Aug 7, 2026 | Barrington | Target | $175 |
| May 11, 2026 | Truist Financial | Target | $140 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q4 FY26 | $1.89 | $2.09 | +10.6% | $486.6M | $501.4M | +3.0% | +13.46% |
| May 7, 2026Q3 FY26 | $1.73 | $1.98 | +14.5% | $474.0M | $487.0M | +2.7% | +14.30% |
| Jan 28, 2026Q2 FY26 | $2.19 | $2.43 | +11.0% | $488.7M | $503.4M | +3.0% | −7.02% |
| Oct 30, 2025Q1 FY26 | $1.57 | $1.75 | +11.5% | $452.3M | $462.3M | +2.2% | −30.86% |
Financial highlights
| 12 quarters | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $466.1M | $457.1M | $462.3M | $503.4M | $487.0M | $501.4M | |
| Gross profit | $266.2M | $258.2M | $261.5M | $298.0M | $276.3M | $284.6M | |
| Operating income | $90.5M | $76.9M | $85.5M | $111.1M | $92.2M | $96.5M | |
| Net income | $60.8M | $54.2M | $61.8M | $76.4M | $41.6M | $71.7M | |
| Diluted EPS | $1.59 | $1.45 | $1.65 | $2.10 | $1.67 | $2.06 | |
| Gross margin | 57.1% | 56.5% | 56.6% | 59.2% | 56.7% | 56.8% | |
| Operating margin | 19.4% | 16.8% | 18.5% | 22.1% | 18.9% | 19.3% |
Fiscal years (4-quarter sums)FY22 $1.39B · FY23 $1.45B · FY24 $1.58B · FY25 $1.79B · FY26 $1.95B
Balance sheet, Jun 30, 2026Cash & short-term investments $406.3M · Total debt $905.5M · Total assets $3.01B · Shareholders' equity $1.45B
Dividends
No dividends on record.
Ownership
Shares outstanding 34.03M · Float 33.20M · 97.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Stephen W. Beard · officer: Chairman & CEO | 477.5K | 1.40% | Form 4 | Aug 25, 2026 |
| Michael W. Malafronte · director, other: Lead Independent Director | 138.6K | 0.41% | Form 4 | Mar 12, 2026 |
| Robert J. Phelan · officer: Chief Financial Officer | 56.6K | 0.17% | Form 4 | Aug 25, 2026 |
| Michael Betz · officer: Pres. Walden University & CDO | 39.2K | 0.12% | Form 4 | Aug 25, 2026 |
| Douglas G. Beck · officer: SVP, GC, Corp. Sec & ISS | 33.4K | 0.10% | Form 4 | Aug 25, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Manjunath Gangadharan | officer: VP, Chief Accounting Officer | −1,802 | $137.18 |
| Aug 11, 2026 | Stephen W. Beard | officer: Chairman & CEO | −3,545 | $130.35 |
| Aug 7, 2026 | Douglas G. Beck | officer: SVP, GC, Corp. Sec & ISS | −4,526 | $135.81 |
| Aug 7, 2026 | Robert J. Phelan | officer: Chief Financial Officer | −2,186 | $135.15 |
| Jul 13, 2026 | Stephen W. Beard | officer: Chairman & CEO | −5,291 | $132.75 |
Peers
- Grand Canyon Education
Ed-tech services firm powering GCU's nursing and online degree platform at scale
- Strategic Education
Capella's CCNE-accredited online nursing ladder, self-paced and employer-linked
- American Public Education
Portfolio of online and campus nursing schools serving ~105,000 students
- Phoenix Education Partners
Online adult educator with CCNE-accredited nursing ladder and $1B revenue
- Perdoceo Education
For-profit online educator with growing nursing and health sciences footprint
- Coursera
Online learning platform contesting employer upskilling and pre-nursing learners
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Covista | $136.82 | +1.71% | $4.58B | 18.0 | 14.9 | 2.3 | +9.7% |
| Grand Canyon Education | $151.19 | +0.01% | $3.94B | 18.3 | 14.1 | 3.5 | +6.7% |
| Strategic Education | $84.64 | +0.01% | $1.92B | 14.1 | 10.5 | 1.5 | +2.7% |
| American Public Education | $46.01 | −0.07% | $844.0M | 18.9 | 17.7 | 1.3 | +5.5% |
| Phoenix Education Partners | $29.33 | +0.22% | $1.06B | 13.5 | 6.4 | 1.0 | +21.7% |
| Perdoceo Education | $33.57 | −0.03% | $2.10B | 12.3 | — | 2.5 | +1.8% |
| Coursera | $6.47 | −0.08% | $1.19B | — | 8.3 | 1.3 | +59.6% |
| Median | 14.1 | 10.5 | 1.4 | +6.1% |