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Segment Information
 12 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segment Information
Note 22 - Segment Information

We operate our business in two reportable segments: (i) the UTI segment, and (ii) the Concorde segment. Our reportable segments reflect the manner in which Jerome Grant, our CEO and the chief operating decision-maker, evaluates performance and allocates resources. These segments are organized by key market segments to enhance operational alignment to more effectively execute our strategic plan. Each reportable segment represents a group of post-secondary education providers that offer a variety of degree and non-degree academic programs. “Corporate” includes corporate related expenses that are not allocated to the UTI or Concorde reportable segments and is included to reconcile segment results to the consolidated financial statements.
As previously discussed in Note 2, the segment disclosures for the years ended September 30, 2023 and 2022 have been recast from prior years presentation for comparability to the current year presentation.
Summary information by reportable segment is as follows:
UTIConcordeCorporateConsolidated
Year Ended September 30, 2024
Revenues$486,376 $246,311 $— $732,687 
Income (loss) from operations77,756 20,804 (39,669)58,891 
Depreciation and amortization22,917 5,158 1,249 29,324 
Net income (loss)71,646 21,048 (50,693)42,001 
Year Ended September 30, 2023
Revenues$429,317 $178,091 $— $607,408 
Income (loss) from operations42,762 10,533 (31,896)21,399 
Depreciation and amortization21,113 4,077 25 25,215 
Net income (loss)38,324 10,700 (36,702)12,322 
Year Ended September 30, 2022
Revenues$418,765 $— $— $418,765 
Income (loss) from operations55,493 — (33,119)22,374 
Depreciation and amortization16,822 — 62 16,884 
Net income (loss)53,581 — (27,733)25,848 
As of September 30, 2024
Total assets$440,764 $125,212 $178,599 $744,575 
As of September 30, 2023
Total assets$442,507 $130,813 $167,365 $740,685