Exhibit 99.1

BRIDGEPOINT EDUCATION, INC.

Consolidated Statements of Income - Reclassified

(In thousands)

(Unaudited)

	Quarter Ended
	December 31, 2011		March 31, 2012		June 30, 2012		September 30, 2012		December 31, 2012
Revenue	$	221,266	$	250,437	$	256,302	$	252,076	$	209,356
Costs and expenses:
Instructional costs and services (1)	83,494		82,500		78,525		88,373		105,875
Admissions advisory and marketing (1)	86,593		90,042		87,194		96,734		65,239
General and administrative (1)	15,866		25,542		15,047		17,247		13,139
Total costs and expenses	185,953		198,084		180,766		202,354		184,253
Operating income	35,313		52,353		75,536		49,722		25,103
Other income, net	830		683		854		955		878
Income before income taxes	36,143		53,036		76,390		50,677		25,981
Income tax expense	13,258		19,995		28,932		19,232		9,962
Net income	$	22,885	$	33,041	$	47,458	$	31,445	$	16,019

(1) Effective in the fourth quarter of 2012, the Company made changes in the presentation of its operating expenses. The Company determined that these changes would better reflect industry practice and would provide more meaningful information as well as increased transparency to its operations. The Company also believes that the reclassification better represents the operational changes and the business initiatives that have been implemented. The Company has reclassified prior periods to conform to the new presentation. These reclassifications had no effect on previously reported total operating expenses or retained earnings.