Adtalem Global Education (ATGE)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	56.28 mm	56.28 mm	56.28 mm	56.28 mm	56.28 mm	56.28 mm
Cash burn (monthly)	69.47 mm	11.59 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	89.14 mm	14.88 mm	n/a	n/a	n/a	n/a
Cash remaining	-32.86 mm	41.40 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	-0.5	3.6	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2025

ATGE institutional ownership history Ownership history

94.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	399	380	+5.0%
Opened positions	72	78	-7.7%
Closed positions	53	35	+51.4%
Increased positions	136	128	+6.3%
Reduced positions	151	137	+10.2%

13F shares	Current	Prev Q	Change
Total value	5.01 tn	4.09 tn	+22.7%
Total shares	34.38 mm	34.17 mm	+0.6%
Total puts	32.70 k	25.90 k	+26.3%
Total calls	32.50 k	73.10 k	-55.5%
Total put/call ratio	1.0	0.4	+184.0%

Largest owners	Shares	Value	Change
BLK BlackRock	5.32 mm	$821.93 bn	-0.3%
Vanguard	4.34 mm	$670.07 bn	-1.5%
Dimensional Fund Advisors	1.85 mm	$286.35 bn	-18.1%
FMR	1.44 mm	$222.32 bn	+15.6%
STT State Street	1.38 mm	$213.81 bn	-3.8%
Ariel Investments	1.29 mm	$199.99 bn	-5.9%
Geode Capital Management	851.92 k	$131.60 bn	-1.6%
Capital World Investors	810.19 k	$125.13 bn	0.0%
Arrowstreet Capital, Limited Partnership	673.31 k	$103.99 bn	+2.0%
Allspring Global Investments	605.14 k	$90.94 bn	+444.8%

Largest transactions	Shares	Bought/sold	Change
Allspring Global Investments	605.14 k	+494.06 k	+444.8%
Dimensional Fund Advisors	1.85 mm	-409.29 k	-18.1%
GS The Goldman Sachs Group, Inc.	205.92 k	-305.82 k	-59.8%
Fisher Asset Management	571.49 k	+235.88 k	+70.3%
BEN Franklin Resources	465.07 k	+228.07 k	+96.2%
Massachusetts Financial Services	428.97 k	+210.71 k	+96.5%
FMR	1.44 mm	+194.73 k	+15.6%
Cambria Investment Management	6.85 k	-189.35 k	-96.5%
Alyeska Investment	254.90 k	+128.11 k	+101.0%
IVZ Invesco	363.95 k	-116.03 k	-24.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

ATGE insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Dec 25	Stephen W. Beard,	Common Stock	Gift	Dispose G	No	No	0	5,332	0.00	445,198
13 Nov 25	Stephen W. Beard,	Common Stock	Payment of exercise	Dispose F	No	No	96.26	9,204	885.98 k	450,530
13 Nov 25	Wardell Lisa W	Common Stock	Payment of exercise	Dispose F	No	No	96.26	645	62.09 k	44,251
13 Nov 25	Betty M. Vandenbosch	Common Stock	Payment of exercise	Dispose F	No	No	96.26	421	40.53 k	2,584
13 Nov 25	Evan Trent	Common Stock	Payment of exercise	Dispose F	No	No	96.26	355	34.17 k	24,134
12 Nov 25	Wardell Lisa W	Common Stock	Grant	Acquire A	No	No	96.86	1,445	139.96 k	44,896
12 Nov 25	Betty M. Vandenbosch	Common Stock	Grant	Acquire A	No	No	96.86	1,445	139.96 k	3,005
12 Nov 25	Evan Trent	Common Stock	Grant	Acquire A	No	No	96.86	1,673	162.05 k	24,489

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.