Zovio Inc
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Financials
SEC XBRL · annual| FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | |
|---|---|---|---|---|---|---|
| Revenue | $263.0M | $397.1M | $417.8M | $116.8M | $475.1M | $523.5M |
| Operating income | −$42.6M | −$61.9M | −$56.6M | −$620,000 | $6.4M | −$43.2M |
| Net income | −$42.3M | −$49.0M | −$54.8M | $1.3M | $9.1M | −$33.1M |
| Total assets | $149.0M | $161.3M | $250.1M | $269.5M | $284.6M | $463.4M |
| Total liabilities | $129.0M | $102.1M | $151.2M | $141.9M | $161.6M | $182.7M |
| Equity | $20.0M | $59.2M | $98.9M | $127.6M | $123.0M | $276.7M |
| EPS (diluted) | $-1.27 | $-1.53 | $-1.86 | $0.05 | $0.28 | $-0.71 |
| Shares out. | 32.8M | 30.3M | 27.2M | 27.2M | 46.5M | 46.0M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2021- Operating margin
- −16.2%
- Net margin
- −16.1%
- Return on equity
- −211.7%
- Return on assets
- −28.4%
- Return on capital (ROCE)
- −71.8%
- Liabilities / assets
- 86.6%
- Debt / equity
- 6.45×
- Book value / share
- $0.61
- Revenue growth (YoY)
- −33.8%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2021- Altman Z″ (distress)
- 3.22safe
- Accruals / assets
- −18.1%clean
- Piotroski F-Score
- 2/9weak
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 5 warning● 2 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Reported a net loss
- Revenue declined year-over-year
- High leverage (liabilities > 70% of assets)
- Negative operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 14, 2022
- NT 10-Kmissed a reporting deadline ↗Mar 31, 2022
- NT 10-Qmissed a reporting deadline ↗May 13, 2014
- NT 10-Qmissed a reporting deadline ↗May 10, 2013
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Kiely JohnDirector | Aug 31, 2022 | Option exercise | 8,855 | — |
| Wilson John Silvanus Jr.Director | May 31, 2022 | Option exercise | 7,843 | $0.00 |
| Huberman RonDirector | May 31, 2022 | Option exercise | 7,843 | $0.00 |
| Royal KevinOfficer — EVP, Chief Financial Officer | May 31, 2022 | Option exercise | 10,020 | $0.00 |
| Nichols Victor KDirector | May 12, 2022 | Option exercise | 44,129 | $0.00 |
| Spohn Christopher L.Officer — EVP, Operations | May 2, 2022 | Option exercise | 27,473 | $0.00 |
| Pernsteiner George P.Director | Apr 7, 2022 | Option exercise | 20,450 | $0.00 |
| Semel JohnOfficer — EVP, Chief Strategy Officer | Mar 29, 2022 | Option exercise | 33,989 | $0.00 |
| Royal KevinOfficer — EVP, Chief Financial Officer | Mar 29, 2022 | Option exercise | 59,668 | $0.00 |
| Burkholder SteveOfficer — VP, Chief Accounting Officer | Mar 29, 2022 | Option exercise | 9,937 | $0.00 |
| Schray Vickie L.Officer — See remarks | Mar 29, 2022 | Option exercise | 22,067 | $0.00 |
| Spohn Christopher L.Officer — EVP, Operations | Mar 29, 2022 | Option exercise | 37,164 | $0.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Material events
SEC Form 8-K · most recent- Entered a material agreement · Completed an acquisition or dispositionNov 30, 2022
- Director / officer changeNov 28, 2022
- Delisting / listing-standard noticeNov 2, 2022
- Shareholder voteOct 26, 2022
- Entered a material agreement · New financial obligationSep 21, 2022
- Results of operationsAug 1, 2022
- Entered a material agreement · Terminated a material agreement · Completed an acquisition or disposition · Regulation FD disclosureAug 1, 2022
- Director / officer change · Shareholder voteJun 16, 2022
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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