Adtalem Global Education Inc. (ATGE): Modelo de negócios Canvas [Jan-2025 Atualizado]

No cenário dinâmico da educação global, a Adtalem Global Education Inc. (ATGE) surge como uma potência transformadora, preenchendo estrategicamente a lacuna entre aspirações profissionais e experiências de aprendizado de ponta. Ao elaborar meticulosamente um modelo de negócios abrangente que abrange a saúde, o treinamento profissional e o desenvolvimento da força de trabalho, a ATGE se posicionou como um catalisador crucial para o avanço da carreira, oferecendo caminhos educacionais flexíveis e alinhados à indústria que capacitam profissionais e estudantes a desbloquear seu pleno potencial em que um mercado global em constante evolução.

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: Parcerias -chave

Alianças estratégicas com instituições de saúde para programas de treinamento médico

O Adtalem mantém parcerias estratégicas com várias instituições de treinamento em saúde:

Instituição parceira	Foco de colaboração	Ano estabelecido
Universidade Americana da Escola de Medicina do Caribe	Programa de Educação Médica	2013
Escola de Medicina da Universidade Ross	Programas de graduação médica	2013
Universidade de St. George	Treinamento médico e veterinário	2018

Colaboração com órgãos de certificação profissional

A Adtalem faz parceria com várias organizações de certificação profissional:

• Conselho Nacional de Examinadores Médicos (NBME)
• Associação Médica Veterinária Americana (AVMA)
• Comissão Educacional para Graduados Médicos Estrangeiros (ECFMG)

Parcerias com provedores de tecnologia de aprendizado on -line

Parceiro de tecnologia	Serviço prestado	Ano de implementação
Instruções de tela	Sistema de gerenciamento de aprendizagem	2019
Zoom Video Communications	Plataforma de sala de aula virtual	2020

Acordos com empregadores para o desenvolvimento da força de trabalho

As principais parcerias do empregador incluem:

• Rede de sistemas de saúde
• Hospital Corporation of America (HCA)
• Principais profissionais de saúde regionais

Relacionamentos com agências de credenciamento

Adtalem mantém credenciamentos com:

• Comissão de ensino superior
• Conselho de Credenciamento para Escolas e Programas de Negócios (ACBSP)
• Conselho de Educação para Saúde Pública (CEPH)

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: Atividades -chave

Entregando programas educacionais online e pessoalmente

O Adtalem opera através de vários segmentos educacionais com métricas específicas de entrega de programas:

Segmento	Tipos de programa	Inscrição anual
Médico e veterinário	Programas médicos online/no campus	7.800 alunos
Educação Profissional	Programas de certificação e graduação	15.300 alunos
Internacional	Serviços educacionais globais	5.200 alunos

Desenvolvendo currículo para treinamento profissional

O desenvolvimento do currículo se concentra em:

• Educação Profissional de Saúde
• Programas de certificação de tecnologia e negócios
• Treinamento profissional alinhado a conformidade

Membros do corpo docente de recrutamento e treinamento

Categoria do corpo docente	Faculdade Total	Qualificação média
Educadores em tempo integral	1.200 profissionais	Doutorado/Doutorado Profissional
Instrutores adjuntos	2.800 profissionais	Profissionais especialistas do setor

Marketing Educational Services para potenciais estudantes

Despesas de marketing: US $ 42,3 milhões anualmente

• Canais de marketing digital
• Estratégias diretas de recrutamento
• Marketing de parceria do setor

Mantendo a infraestrutura de tecnologia educacional

Investimento em tecnologia	Gastos anuais	Principais áreas de foco
Sistemas de gerenciamento de aprendizagem	US $ 18,7 milhões	Desenvolvimento de plataforma on -line
Segurança cibernética	US $ 6,2 milhões	Proteção de dados
Ferramentas de aprendizado digital	US $ 12,5 milhões	Tecnologia educacional interativa

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: Recursos -chave

Plataformas de aprendizado digital e tecnologia educacional

A Adtalem Global Education opera várias plataformas de aprendizado digital em seus segmentos educacionais:

Plataforma	Usuários	Investimento em tecnologia
Universidade Chamberlain online	12.500 alunos online ativos	US $ 24,3 milhões em investimento em infraestrutura tecnológica em 2023
Aprendizado digital da Universidade Ross	3.800 estudantes médicos e veterinários	US $ 17,6 milhões no orçamento de desenvolvimento da plataforma digital

Instrutores acadêmicos e profissionais experientes

Composição da força de trabalho do instrutor:

• Faculdade Total: 2.345 em todas as instituições
• Doutores de doutorado/Terminal: 68%
• Experiência média de ensino: 12,4 anos

Extensa rede de campi educacional

Instituição	Campi físico	Propagação geográfica
Universidade de Chamberlain	24 campi físico	15 Estados dos EUA
Universidade Ross	3 campi primário	Locais do Caribe e dos EUA

Forte reputação da marca em educação profissional

Métricas de marca:

• Pontuação de reconhecimento da marca: 82/100
• Taxa de satisfação do aluno: 87%
• Rede de Parceria do Empregador: 1.200 mais de organizações de saúde e profissionais

Serviços abrangentes de apoio aos alunos

Infraestrutura de serviços de suporte:

• Centro de suporte a estudantes on -line 24/7
• Equipe de colocação de carreira: 185 profissionais dedicados
• Orçamento anual de suporte de carreira: US $ 12,4 milhões

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: proposições de valor

Programas de educação profissional focada na carreira

A Adtalem Global Education oferece programas de educação especializados em vários setores profissionais:

Setor	Tipos de programa	Inscrição anual
Assistência médica	Médico, Enfermagem, Veterinário	32.500 alunos
Negócios	MBA, Contabilidade, Finanças	24.700 alunos
Tecnologia	Sistemas de informação, segurança cibernética	15.600 alunos

Opções de aprendizado flexíveis

Aprendizando modalidades de decomposição:

• Programas online: 68% do total de inscrições
• Programas híbridos: 22% do total de inscrições
• Programas no campus: 10% do total de inscrições

Currículo alinhado pela indústria

Métricas de desenvolvimento curricular:

Aspecto curricular	Detalhes	Freqüência
Consultas de especialistas do setor	Revisão do currículo	Trimestral
Integração de feedback do empregador	Ajustes do programa	Bi-semestralmente

Programas de certificação e graduação

Distribuição do programa:

• Diplomas associados: 22%
• Bacharelado: 45%
• Mestrado: 28%
• Certificações profissionais: 5%

Oportunidades de desenvolvimento profissional

Estatísticas de desenvolvimento profissional:

Tipo de desenvolvimento	Participantes anuais	Custo médio
Educação continuada	17,300	$1,850
Workshops profissionais	8,900	$750
Coaching de carreira	6,500	$450

Adtalem Global Education Inc. (ATGE) - Modelo de Negócios: Relacionamentos do Cliente

Serviços personalizados de apoio ao aluno

A Adtalem Global Education fornece serviços de apoio a estudantes dedicados em suas instituições educacionais:

Serviço de suporte	Número de estudantes servidos	Investimento anual
Aconselhamento acadêmico	95.342 alunos	US $ 4,7 milhões
Tutoria on -line	62.184 alunos	US $ 2,3 milhões
Suporte técnico	108.756 alunos	US $ 3,9 milhões

Plataformas de rede de ex -alunos

O Adtalem mantém estratégias robustas de engajamento de ex -alunos:

• Rede total de ex -alunos registrados: 247.600 membros
• Usuários da plataforma de rede digital: 186.450
• Participantes anuais do evento de ex -alunos: 24.760

Aconselhamento de carreira e assistência à colocação de empregos

Serviço de carreira	Número de alunos assistidos	Taxa de colocação
Retomar o desenvolvimento	53.421 alunos	87.3%
Preparação da entrevista	47.893 alunos	82.6%
Colocação direta de emprego	39.276 alunos	76.5%

Comunicação em andamento através de canais digitais

Métricas de comunicação digital para adtalem:

• Frequência de comunicação por e -mail: semanalmente
• Seguidores de mídia social: 412.350
• Usuários de aplicativos móveis: 156.780
• Tempo médio de engajamento digital: 17,4 minutos por sessão

Aprendizagem contínua e recursos de operação

Recurso de aprendizagem	Número de usuários	Custo anual
Programas de certificação online	34.562 participantes	US $ 6,2 milhões
Oficinas de desenvolvimento profissional	28.743 participantes	US $ 4,8 milhões
Série de webinar	52.189 participantes	US $ 2,1 milhões

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: Canais

Plataformas de aprendizado on -line

A partir do segundo trimestre de 2023, o Adtalem opera 6 plataformas primárias de aprendizado online em suas divisões educacionais.

Plataforma	Número de programas online	Inscrição on -line anual
Universidade Chamberlain online	32 programas	12.500 alunos
Universidade Americana do Caribe online	15 programas	3.200 alunos
Ross Medical Education Online	22 programas	5.800 alunos

Campi educacional físico

Adtalem mantém 47 locais físicos do campus em vários segmentos educacionais.

• Campi de educação em saúde: 22
• Campi médico e veterinário: 15
• Campi de educação profissional: 10

Marketing Digital e Recrutamento

Despesas de marketing digital para 2023: US $ 18,3 milhões

Canal digital	Alocação de orçamento de marketing	Taxa de conversão
Google anúncios	US $ 6,2 milhões	3.7%
Publicidade nas mídias sociais	US $ 4,5 milhões	2.9%
Anúncios digitais programáticos	US $ 3,6 milhões	2.5%

Consultores de educação e agentes de recrutamento

Adtalem colabora com 127 parceiros de recrutamento externos globalmente.

• Agentes internacionais de recrutamento: 82
• Parceiros de recrutamento doméstico: 45

Mídias sociais e canais de comunicação digital

Métricas de engajamento de mídia social para 2023:

Plataforma	Seguidores/assinantes	Taxa de engajamento
LinkedIn	85,400	4.2%
Facebook	62,300	3.7%
Instagram	41,200	2.9%

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: segmentos de clientes

Profissionais que procuram avanço na carreira

A partir de 2024, o Adtalem tem como alvo 1.245.000 profissionais que buscam aprimoramento de carreira através de programas educacionais on -line e híbridos.

Característica do segmento	Dados estatísticos
Idade média	28-42 anos
Faixa de renda anual	$65,000 - $110,000
Crescimento projetado	7,3% ano a ano

Graduados recentes do ensino médio

O Adtalem atende 312.500 recém -formados no ensino médio em vários programas educacionais.

• Graduação de graduação: 187.900
• Taxa média de conclusão do programa: 62,4%
• Estudantes universitários de primeira geração: 41,6%

Profissionais do setor de saúde

O segmento profissional de saúde representa 453.000 estudantes em 2024.

Categoria profissional	Número de alunos
Enfermagem	276,300
Tecnologia médica	87,600
Administração de Saúde	89,100

Estudantes internacionais

O segmento de estudantes internacionais compreende 124.700 estudantes em campi global.

• Os principais países de origem: Índia, China, Brasil
• Inscrição internacional online: 42,3%
• Receita média de matrícula por estudante internacional: US $ 22.500

Clientes de treinamento corporativo e desenvolvimento de força de trabalho

O segmento corporativo gera US $ 287,6 milhões em receita anual de 1.200 parcerias corporativas.

Tipo de parceria corporativa	Número de parcerias
Fortune 500 empresas	312
Empresas de tamanho médio	628
Treinamento para pequenas empresas	260

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: estrutura de custos

Faculdade e compensação da equipe

Para o ano fiscal de 2023, a Adtalem Global Education registrou custos totais de pessoal de US $ 479,7 milhões. A quebra da compensação inclui:

Categoria de funcionários	Custo anual
Faculdade de tempo integral	US $ 267,3 milhões
Equipe administrativo	US $ 152,4 milhões
Instrutores de meio período	US $ 60,0 milhões

Manutenção de tecnologia e infraestrutura

As despesas de infraestrutura de tecnologia para 2023 totalizaram US $ 87,5 milhões, que incluem:

• Plataformas de aprendizado digital: US $ 42,3 milhões
• Rede e segurança cibernética: US $ 22,6 milhões
• Atualizações de hardware e software: US $ 22,6 milhões

Despesas de marketing e recrutamento de estudantes

As despesas totais de marketing para o ano fiscal de 2023 foram de US $ 156,2 milhões, com a seguinte alocação:

Canal de marketing	Despesa
Marketing digital	US $ 68,7 milhões
Publicidade tradicional	US $ 47,3 milhões
Eventos de recrutamento	US $ 40,2 milhões

Desenvolvimento de currículo e credenciamento

Os investimentos em desenvolvimento e credenciamento curriculares para 2023 totalizaram US $ 63,9 milhões:

• Design e atualizações do currículo: US $ 38,6 milhões
• Processos de acreditação: US $ 15,3 milhões
• Desenvolvimento de conteúdo educacional: US $ 10,0 milhões

Melhoramento do Programa de Pesquisa e Educação

As despesas de aprimoramento de pesquisa e programa para 2023 foram de US $ 52,4 milhões, distribuídas da seguinte forma:

Categoria de pesquisa	Investimento
Pesquisa acadêmica	US $ 27,6 milhões
Inovação do programa	US $ 16,8 milhões
Tecnologia educacional	US $ 8,0 milhões

Adtalem Global Education Inc. (ATGE) - Modelo de negócios: fluxos de receita

Taxas de matrícula de programas educacionais

Para o ano fiscal de 2023, a Adtalem Global Education reportou receita líquida total de US $ 1,42 bilhão. O colapso dos fluxos de receita é o seguinte:

Segmento	Receita ($ m)	Percentagem
Médico e veterinário	$651.5	45.9%
Educação Profissional	$510.2	35.9%
Negócios e tecnologia	$258.3	18.2%

Receitas de Curso de Certificação Profissional

As receitas de certificação profissional contribuíram com aproximadamente US $ 215,6 milhões em 2023, principalmente de:

• Cursos de preparação para exames de certificação
• Programas de treinamento de habilidades profissionais
• Créditos da educação continuada

Contratos de treinamento corporativo e desenvolvimento de força de trabalho

Os contratos de treinamento corporativo geraram US $ 87,4 milhões em receita para 2023, com as principais áreas de foco, incluindo:

• Desenvolvimento da força de trabalho da saúde
• Treinamento de habilidades tecnológicas
• Programas de conformidade profissional

Curso on -line e assinaturas de programas

As plataformas de aprendizado digital geraram US $ 124,7 milhões em receitas de assinatura em 2023, representando um crescimento de 12,3% em relação ao ano anterior.

Rede de ex -alunos e serviços de educação continuada

Alumni e serviços de educação continuada contribuíram com US $ 53,2 milhões em receita recorrente para 2023, com Aproximadamente 42.000 participantes ativos de ex -alunos.

Fluxo de receita	2023 Receita ($ m)	Crescimento ano a ano
Receita líquida total	$1,420.0	5.7%
Assinaturas online	$124.7	12.3%
Certificações profissionais	$215.6	8.5%

Adtalem Global Education Inc. (ATGE) - Canvas Business Model: Value Propositions

You're looking at the core reasons why Adtalem Global Education Inc. attracts students and partners, especially given the ongoing U.S. healthcare talent crunch. The value propositions here aren't abstract; they are tied directly to career outcomes and addressing national needs.

Direct pathway to employment in high-demand healthcare roles

The focus is on getting graduates into practice quickly. For the 2024-2025 academic year, Adtalem's medical schools, American University of the Caribbean School of Medicine (AUC) and Ross University School of Medicine (RUSM), achieved a combined 95% first-time residency attainment rate. This marks the fourth consecutive year they've hit at least 95%. That success translates into over 615 students and graduates training at more than 325 health facilities across 42 U.S. states and territories. Furthermore, Ross University School of Veterinary Medicine (RUSVM) ranked first among all universities in total graduates matched into competitive internships and residencies in 2025.

High student outcomes, including a 95% residency match rate for medical graduates

The residency match success is a cornerstone. Of the 600-plus new residents from RUSM and AUC, about 64% are entering primary care fields like family medicine, pediatrics, and internal medicine. More than 450 students and graduates matched into primary care residencies. To directly combat access gaps, over 55% of those primary care matches will train in primary care Health Professional Shortage Areas (HPSAs). Also, more than 40% of AUC and RUSM residency placements are set to train in federally designated Medically Underserved Areas / Populations (MUA/Ps).

Programs designed to address critical U.S. healthcare workforce shortages

Adtalem Global Education Inc. positions itself as essential infrastructure for healthcare delivery. In fiscal year 2025, the company graduated 29,000 students, with 90% entering healthcare professions. The overall enrollment scale is significant; as of September 30, 2025, total student enrollment reached 97,359, up 8.0% year-over-year. The projected shortage of 187,000 physicians by 2037 underscores the ongoing need Adtalem addresses.

Here's a quick look at the scale across the main institutions as of late 2025:

Institution/Metric	Latest Enrollment/Graduation Figure	Year-over-Year Enrollment Growth (Q3 FY2025)
Total Students Served (FY2025)	91,780	N/A
Chamberlain University Enrollment (FY2025)	More than 40,500	6.8%
Walden University Enrollment (FY2025)	Exceeding 48,500	13.5%
Medical & Veterinary Enrollment (FY2025 Avg)	Approx. 5,000	1.0% (Q4 FY2025 Growth)

Inclusive access to education for working adults and diverse students

The model is built for accessibility. Chamberlain University, which is the nation's largest nursing school, is the No. 1 provider of nursing degrees to minority students. For its Bachelor of Science in Nursing (BSN) Online Option, Chamberlain recruits nontraditional students, including those whose education was interrupted. In the medical pipeline, 173 students and graduates identify as Black/African American or Hispanic, actively working to diversify the physician ranks. For-profit institutions like those in the Adtalem portfolio graduate 21% of registered nurses with bachelor's degrees, filling a significant 17% of total demand.

Flexible learning models, including online and hybrid delivery

Flexibility is key to serving this population. Chamberlain's BSN Online Option is now offered in 36 states and is expanding its physical presence with 44 clinical hub locations, aiming for more than 65 hubs by the end of fiscal year 2026. This approach helps students get clinical experience closer to home. To give you a sense of the academic quality supporting these flexible models, Chamberlain reports a four-year graduation rate of 71.2% for full-time undergraduate students, which is well above the roughly 50% rate across all four-year institutions. The overall fiscal year 2025 revenue was $1,788.3 million, up 12.9% year-over-year, showing strong demand for these offerings.

You should look closely at the capital deployment, too. The company generated $283 million in free cash flow in fiscal 2025 and returned $211 million in capital to shareholders, showing they are funding growth while rewarding investors.

Finance: draft 13-week cash view by Friday.

Adtalem Global Education Inc. (ATGE) - Canvas Business Model: Customer Relationships

Adtalem Global Education Inc. focuses customer relationships on driving persistence and ensuring graduates are practice-ready for critical healthcare roles. This involves intensive support structures and leveraging technology for personalized engagement across the student lifecycle.

High-touch student support to drive persistence and outcomes

The relationship model emphasizes direct support to keep students on track to graduation. For medical school graduates, the focus is on successful placement into residency programs. The combined American University of the Caribbean School of Medicine and Ross University School of Medicine achieved a 95% first-time residency attainment rate for 2024-2025 graduates, maintaining at least 95% attainment for the fourth consecutive year. This placed more than 615 students and graduates into over 325 unique healthcare facilities.

For Walden University, faculty and staff continue to use AI to create adaptive student learning tools, which have increased their student persistence rates. Furthermore, the Believe and Achieve scholarship program, which can reduce the cost of program completion by up to 25%, has seen over 50,000 students participating since its launch in fiscal year 2023.

Dedicated career services and employer relationship management

Career services are deeply integrated to ensure graduates meet employer needs. In fiscal year 2025, Adtalem Global Education Inc. graduated 29,000 professionals. Of these graduates, 90% entered healthcare professions. Research from Lightcast validates the effectiveness of this pipeline, showing that Adtalem graduates are 1.5 times more likely to secure full-time roles compared to their peers and experience lower unemployment rates. The Ross University School of Medicine's Return Home program, which connects aspiring physicians with clinical rotations in their home cities, enrolled more than 150 students in its first year across partner hospitals in five cities: Chicago, Los Angeles, New York City, Miami, and Detroit.

Tech-enabled, personalized learning experiences (e.g., AI tutors)

Adtalem Global Education Inc. is actively integrating technology to tailor the learning experience. The company launched the First Healthcare AI Credentials Program at Scale in partnership with Google Cloud. This investment in a tech-enabled platform supports the delivery of modern, career-relevant programs.

Long-term engagement with the large alumni community

The relationship extends well beyond graduation, supported by a significant established network. As of June 2025, Adtalem Global Education Inc. had a community of approximately 365,000 alumni. This large base represents essential infrastructure for the healthcare system, with alumni serving in leadership roles at healthcare systems nationwide.

Seamless student experience from enrollment through graduation

The relationship begins with accessible enrollment and is maintained through consistent growth across institutions. Total student enrollment for Adtalem Global Education Inc. surpassed 91,000 students in fiscal year 2025. Chamberlain University reached a record total enrollment of more than 40,500 students in fiscal year 2025. Walden University surpassed 48,000 students in fiscal year 2025.

Here are the key enrollment snapshots from fiscal year 2025 reporting periods:

Institution/Metric	Data Point (FY2025)
Total Student Enrollment (Q4 FY2025)	91,780 students
Chamberlain University Enrollment (FY2025)	More than 40,500 students
Walden University Enrollment (FY2025)	More than 48,500 students
Medical and Veterinary Segment Average Enrollment (FY2025)	Approx. 5,000 students
Total Graduates (FY2025)	29,000 professionals

The company's focus on optimizing the student experience is a core driver of this growth, evidenced by Chamberlain University achieving its tenth consecutive quarter of total enrollment growth as of Q4 FY2025.

Adtalem Global Education Inc. (ATGE) - Canvas Business Model: Channels

You're looking at how Adtalem Global Education Inc. gets its educational products and services-the degrees and professional training-into the hands of students, which is really about scale and access in a tight labor market. The channels are a mix of digital delivery and physical presence, designed to meet the demand for healthcare professionals.

Direct-to-student enrollment is managed across its five core institutions: Chamberlain University, Walden University, American University of the Caribbean School of Medicine, Ross University School of Medicine, and Ross University School of Veterinary Medicine. As of the end of Fiscal Year 2025 (ended June 30, 2025), Adtalem Global Education Inc. was serving over 91,000 students, with total enrollment growing $\text{10.2\%}$ year-over-year in the fourth quarter of that fiscal year. By the first quarter of Fiscal Year 2026 (ended September 30, 2025), total student enrollment stood at 97,359, an $\text{8.0\%}$ increase from the prior year.

Online degree programs, especially through Walden University, form a massive part of this channel strategy. Walden University delivered its ninth straight quarter of enrollment growth as of Q1 FY2026, with enrollment up $\text{13.6\%}$ year-over-year for that period. For context on scale, in Fiscal Year 2025, Walden total enrollment achieved more than 48,500 enrolled students. To give you a sense of specialization within that online channel, as of December 31, 2024, Walden University alone enrolled over 21,000 students in its social and behavioral sciences programs.

Physical campuses are essential for the medical and veterinary programs, though the overall footprint is extensive. Adtalem Global Education Inc. reported operating with 27 physical campuses as of September 23, 2025. Chamberlain University, which handles much of the nursing education, delivers its experience through 23 campuses in addition to its online offerings. The Medical and Veterinary segment, which includes Ross University School of Medicine and Ross University School of Veterinary Medicine, maintained an average enrollment of approximately 5,000 students in Fiscal Year 2025.

Experiential learning is funneled through clinical partnerships and hubs. This is a critical channel for ensuring graduates are practice-ready. For instance, Chamberlain University's Bachelor of Science in Nursing (BSN) Online Option operates 44 clinical hub locations at partner healthcare sites. Furthermore, the Ross University School of Medicine's Return Home program utilizes partner hospitals across five cities-Chicago, Los Angeles, New York City, Miami, and Detroit-enrolling more than 150 students in its first year alone.

Here's a quick look at the enrollment scale across the key segments as of the latest available reports:

Institution/Segment	Key Metric	Data Point (Latest Available)
Total Adtalem Enrollment	Q1 FY2026 Total Enrollment	97,359 students
Walden University	FY2025 Total Enrollment	More than 48,500 enrolled
Chamberlain University	FY2025 Record Total Enrollment	Surpassing 40,500 enrolled
Medical & Veterinary	FY2025 Average Enrollment	Approximately 5,000 students

The financial output from these channels in Fiscal Year 2025 was significant, showing the revenue generated by successfully moving students through these pathways. Total Revenue for Fiscal Year 2025 reached \$1,788.3 million, representing a $\text{12.9\%}$ year-over-year growth. For the most recent quarter reported (Q1 FY2026), revenue was \$462.3 million, up $\text{10.8\%}$ year-over-year.

The digital marketing aspect, while not quantified with a specific budget or conversion rate in the public filings I have access to, is clearly supporting the growth seen in the online-heavy institutions. You can see the momentum in the numbers:

• Walden University achieved its ninth straight quarter of total enrollment growth as of Q1 FY2026.
• Chamberlain University achieved its eleventh straight quarter of total enrollment growth as of Q1 FY2026.
• The Medical & Veterinary segment achieved its third straight enrollment cycle growth as of Q1 FY2026.

Adtalem Global Education Inc. (ATGE) - Canvas Business Model: Customer Segments

Adtalem Global Education Inc. serves a broad spectrum of learners and institutional partners focused on addressing critical workforce shortages in the United States healthcare sector.

The total student base reached 97,359 as of the first quarter of fiscal year 2026, ending September 30, 2025, representing an 8.0% year-over-year increase in total enrollment for that quarter. This overall growth follows a fiscal year 2025 where total student enrollment grew by 10.0% year-over-year.

The primary customer groups are segmented across the company's institutions:

• Aspiring nurses, doctors, and veterinarians, with total students across all institutions at 97,359 as of September 30, 2025.
• Students seeking degrees in social and behavioral sciences, primarily through Walden University, which achieved a 13.6% year-over-year enrollment growth in the first quarter of fiscal year 2026.
• Working adults seeking career advancement or change, evidenced by Walden University posting double-digit growth every quarter in fiscal year 2025.
• First-generation college students and diverse populations are served through Adtalem's commitment to access, which is reflected in the sustained enrollment growth across all segments.
• Healthcare employers seeking a practice-ready workforce, supported by the fact that Adtalem graduated 29,000 professionals in fiscal year 2025, with 90% entering healthcare professions.

Here's a breakdown of the enrollment scale by key segment as of the latest reported periods:

Customer Segment Focus	Institution(s)	Latest Enrollment Figure	Period End Date	Year-over-Year Growth Rate
Aspiring Nurses	Chamberlain University	more than 40,500 students	Fiscal Year 2025	2.2% (Q1 FY26)
Social & Behavioral Sciences / Other Degrees	Walden University	more than 48,500 students	Fiscal Year 2025	13.6% (Q1 FY26)
Aspiring Doctors & Veterinarians	Medical & Veterinary Segment	Approx. 5,300 students	Q1 FY26	2.4% (Q1 FY26)

Specific data points related to the professional pipeline include:

• Chamberlain University's BSN Online Option is available in 36 states and operates 44 clinical hub locations as of the second quarter of fiscal year 2025.
• Over 4,000 students enrolled in Chamberlain's Practice Ready Specialty Focused program as of the third quarter of fiscal year 2025.
• Walden University enrolled over 21,000 students in social and behavioral sciences programs as of December 31, 2024.
• American University of the Caribbean School of Medicine and Ross University School of Medicine achieved a combined 95% first-time residency attainment rate for 2024-2025 graduates.

The Medical and Veterinary segment reported 5,133 students in the third quarter of fiscal year 2025, marking a 1.2% year-over-year enrollment increase for that period. The segment sustained growth with a 2.4% increase in the first quarter of fiscal year 2026. Ross University School of Medicine had its largest September new student start in the last five years in Q1 FY26.

Adtalem Global Education Inc. (ATGE) - Canvas Business Model: Cost Structure

You're looking at the major cost drivers for Adtalem Global Education Inc. as of late 2025. Honestly, the cost structure is dominated by the people and the platforms needed to run a massive, multi-institution healthcare education business. We don't have the granular breakdown for every single line item like compensation versus marketing spend directly in the latest releases, but we can map the scale using the reported operating performance for the full Fiscal Year 2025.

Faculty and staff compensation, which is definitely a major operating expense, is baked into the overall cost of revenue and operating expenses. For the full Fiscal Year 2025, Adtalem Global Education Inc. reported total revenue of $1,788.3 million. The company's operational efficiency is reflected in its profitability metrics.

Technology and platform development investments are crucial for digital innovation, especially given the scale of Chamberlain University (record total enrollment, more than 40,500) and Walden University (surpassing 48,500 students). While specific investment figures aren't itemized here, the company's focus on tech-enabled learning suggests significant ongoing spend.

Marketing and student acquisition costs are necessary to fuel the enrollment growth seen across the segments. For example, Walden University achieved its eighth straight quarter of total enrollment growth in FY2025, and Chamberlain University hit its tenth straight quarter of growth in Q1 FY2026.

General administrative and campus operating expenses, along with faculty and staff costs, contribute to the overall operating income. For the fiscal year ended June 30, 2025, Adtalem Global Education Inc. reported:

Metric	Fiscal Year 2025 Amount
Revenue	$1,788.3 million
Adjusted Operating Income	$370.2 million
Adjusted EBITDA	$459.7 million
GAAP Net Income	$237.1 million

The company manages its capital structure actively. Interest expense on debt is a component of the overall cost structure, though not explicitly detailed here. What we do know is the leverage position. As requested, the net leverage as of June 30, 2025, was reported at 0.8x. The most recent reported leverage, as of September 30, 2025, was even lower at 0.6x.

Here are the key leverage and capital allocation data points:

• Net Leverage as of June 30, 2025: 0.8x
• Net Leverage as of September 30, 2025: 0.6x
• Term Loan B Repayment on Jan. 17, 2025: $100 million
• Term Loan B Repayment on Oct. 29, 2025: $50 million
• Share Repurchases completed in FY2025: $211 million
• New Share Repurchase Authorization (through May 2028): $150 million

The difference between Adjusted EBITDA and Adjusted Operating Income gives you a proxy for the depreciation and amortization costs, which are significant in an asset-heavy education model involving physical campuses and technology infrastructure. For FY2025, this difference was approximately $89.5 million ($459.7 million Adjusted EBITDA minus $370.2 million Adjusted Operating Income).

Adtalem Global Education Inc. (ATGE) - Canvas Business Model: Revenue Streams

The core of Adtalem Global Education Inc.'s revenue generation comes from tuition and fees from student enrollment, which is the primary source across its specialized healthcare education segments. You saw this clearly in the top-line results for the most recently completed fiscal year.

For the Fiscal Year 2025, which ended June 30, 2025, Adtalem Global Education Inc. reported total revenue reached $1,788.3 million. This revenue is segmented across its major operating units: Chamberlain University, Walden University, and the Medical/Veterinary schools. To give you a concrete idea of the mix, here is the revenue breakdown from the third quarter of that same fiscal year, which shows the relative weight of each segment:

Segment	Revenue (Q3 FY2025)	Approximate % of Q3 Revenue
Chamberlain University	$192.6 million	41.3%
Walden University	$178.4 million	38.3%
Medical and Veterinary	$95.0 million	20.4%

As the table illustrates, Chamberlain University is the largest segment contributor to revenue, driven by strong enrollment in its nursing programs. For instance, in that third quarter, Chamberlain's revenue rose by 13.1% year-over-year, while Walden saw an even higher growth rate of 18.5% in its segment revenue for the same period. The Medical and Veterinary segment also contributed, posting a 3.6% revenue increase in Q3 FY2025.

Beyond standard tuition, Adtalem Global Education Inc. captures additional revenue through program-specific fees for certifications and specialized training. This is a key area of focus, especially at Chamberlain University, which has been expanding offerings like its Practice Ready Specialty Focused program, where over 4,000 students had enrolled by the third quarter of fiscal year 2025. These fees support the delivery of career-relevant, specialized education.

Here are some other key financial figures from the Fiscal Year 2025 performance that underpin these revenue streams:

• Fiscal Year 2025 total revenue growth was 12.9% year-over-year.
• Adjusted Earnings Per Share (EPS) for the full fiscal year 2025 was $6.67, representing a 33.1% increase year-over-year.
• Adjusted EBITDA for Fiscal Year 2025 reached $459.7 million.
• Total student enrollment across the enterprise was approximately 91,780 as of the end of the fourth quarter of fiscal year 2025.