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v3.25.3

Segment Reporting - Summary Financial Information by Reporting Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2025 | Sep. 30, 2024 | Sep. 30, 2025 | Sep. 30, 2024 | Dec. 31, 2024
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue |  | $ 211,872 | $ 169,828 | $ 634,457 | $ 504,832 |
Percentage of total revenue |  | 100.00% | 100.00% | 100.00% | 100.00% |
Operating Income (Loss) |  | $ 50,959 | $ 44,794 | $ 154,085 | $ 137,078 |
Total Assets | [1] | 1,299,384 |  | 1,299,384 |  | $ 1,237,034
Corporate and Other [Member] |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue |  | $ 165 | $ 199 | $ 539 | $ 579 |
Percentage of total revenue |  | 0.10% | 0.10% | 0.10% | 0.10% |
Operating Income (Loss) |  | $ (6,126) | $ (8,468) | $ (17,299) | $ (23,442) |
Total Assets | [1] | 630,939 |  | 630,939 |  | 590,382
CTU [Member] | University Group [Member] |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue | [2],[3] | $ 117,069 | $ 112,275 | $ 347,622 | $ 332,137 |
Percentage of total revenue | [2] | 55.30% | 66.10% | 54.80% | 65.80% |
Operating Income (Loss) | [2] | $ 47,762 | $ 44,742 | $ 141,369 | $ 131,611 |
Total Assets | [1],[2] | 177,093 |  | 177,093 |  | 175,115
AIUS [Member] | University Group [Member] |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue | [2],[3] | $ 56,667 | $ 57,354 | $ 172,445 | $ 172,116 |
Percentage of total revenue | [2] | 26.70% | 33.80% | 27.20% | 34.10% |
Operating Income (Loss) | [2] | $ 9,257 | $ 8,520 | $ 31,973 | $ 28,909 |
Total Assets | [1],[2] | 161,480 |  | 161,480 |  | 164,985
USAHS [Member] | University Group [Member] |  |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |  |
Revenue | [4] | $ 37,971 |  | $ 113,851 |  |
Percentage of total revenue | [4] | 17.90% | 0.00% | 17.90% | 0.00% |
Operating Income (Loss) | [4] | $ 66 |  | $ (1,958) |  |
Total Assets | [4] | $ 329,872 |  | $ 329,872 |  | $ 306,552
[1] | Total assets are presented on a condensed consolidated basis and do not include intercompany receivable or payable activity between segments and corporate and other.
[2] | The prior period operating results for CTU and AIUS were recast to reflect the transition of the Hippo Education institution from CTU to AIUS.
[3] | The prior period operating results for CTU and AIUS were recast to reflect the transition of the Hippo Education institution from CTU to AIUS.
[4] | USAHS includes results of operations starting from the acquisition date on December 2, 2024.

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