Original filing text · Part II

Item 1A — Risk Factors

Phoenix Education Partners, Inc. · 10-Q · Q3 FY2026 · Period ended May 31, 2026

This is the extracted source text from the SEC filing. Formatting may differ from the original document.

In addition to the information set forth in this Quarterly Report on Form 10-Q, investors should carefully consider the factors discussed in Item 1A, “Risk Factors,” in our 2025 Annual Report on Form 10-K. There have been no material changes to the risk factors previously disclosed in our 2025 Annual Report on Form 10-K.