Purdue Global Owes $128 Million. It May Not Be Able To Pay.

[smartdegree]

I looked at the financial statements of Purdue University and it looks like Purdue Global is bleeding around $100 million a year. The numbers I saw match the Forbes article - Purdue Global had a net operating loss of $95 million in FY2023 according to Purdue's own financial statements.

(See page 82 of this document)
https://www.purdue.edu/treasurer/finance...Report.pdf

This doesn't look sustainable. To finance those losses (which accumulate every year) they are probably amassing massive debt as their shareholders (state of indiana) can't save them through equity.