Grand Canyon Education financials
$147.59+0.81%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.11B | $1.03B | $960.9M | $911.3M | $896.6M | $844.1M | $778.6M | $845.5M | $974.1M | $873.3M |
| Gross profit | $1.11B | $1.03B | $960.9M | $911.3M | $515.3M | $844.1M | $778.6M | $845.5M | $974.1M | $873.3M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 57.5% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $265.9M | $275.4M | $249.3M | $237.5M | $282.2M | $277.4M | $265.1M | $258.1M | $282.8M | $237.2M |
| Net income | $216.2M | $226.2M | $205.0M | $184.7M | $260.3M | $257.2M | $259.2M | $229.0M | $203.3M | $148.5M |
| Net margin | 19.5% | 21.9% | 21.3% | 20.3% | 29.0% | 30.5% | 33.3% | 27.1% | 20.9% | 17.0% |
| Diluted EPS | $7.71 | $7.73 | $6.80 | $5.73 | $5.92 | $5.45 | $5.37 | $4.73 | $4.22 | $3.15 |
| EBITDA | $276.7M | $285.7M | $257.7M | $268.7M | $290.6M | $306.6M | $291.8M | $293.8M | $337.0M | $282.9M |
| Operating cash flow | $273.5M | $290.0M | $243.7M | $220.8M | $313.1M | $308.3M | $306.1M | $199.1M | $304.9M | $237.8M |
| Free cash flow | $238.6M | $252.7M | $199.1M | $185.6M | $284.2M | $278.9M | $283.7M | $104.2M | $180.9M | -$1.3M |
| Diluted shares | 28.0M | 29.3M | 30.1M | 32.2M | 44.0M | 47.2M | 48.3M | 48.4M | 48.2M | 47.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $111.8M | $324.6M | $146.5M | $120.4M | $600.9M | $245.8M |
| Short-term investments | $188.3M | $0.00 | $98.0M | $61.3M | $0.00 | $10.8M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $107.8M |
| Total assets | $992.3M | $1.02B | $930.5M | $832.7M | $1.22B | $1.84B |
| Total liabilities | $245.4M | $234.6M | $212.4M | $195.1M | $177.7M | $270.3M |
| Shareholders' equity | $746.9M | $783.9M | $718.0M | $637.6M | $1.05B | $1.57B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology