Strategic Education financials
$75.78−0.17%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $337.3M | $305.9M | $323.2M | $319.9M | $321.5M | $303.6M | $311.5M | $306.0M | $312.3M | $290.3M | $302.7M | $285.9M |
| Gross profit | $337.3M | $305.9M | $323.2M | $319.9M | $321.5M | $303.6M | $311.5M | $306.0M | $312.3M | $290.3M | $302.7M | $285.9M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating income | $50.5M | $41.1M | $51.6M | $37.0M | $45.8M | $39.8M | $36.0M | $36.3M | $41.9M | $41.4M | $54.2M | $25.6M |
| Net income | $37.2M | $32.8M | $37.9M | $26.6M | $32.3M | $29.7M | $25.3M | $27.7M | $29.9M | $29.7M | $39.1M | $18.5M |
| Net margin | 11.0% | 10.7% | 11.7% | 8.3% | 10.1% | 9.8% | 8.1% | 9.1% | 9.6% | 10.2% | 12.9% | 6.5% |
| Diluted EPS | $1.71 | $1.48 | $1.66 | $1.15 | $1.37 | $1.24 | $1.05 | $1.15 | $1.24 | $1.23 | $1.59 | $0.77 |
| EBITDA | $64.1M | $54.1M | $67.8M | $63.3M | $60.5M | $52.9M | $51.8M | $47.9M | $55.1M | $46.9M | $55.5M | $43.9M |
| Operating cash flow | $29.2M | $87.4M | $39.2M | $60.1M | $31.2M | $67.7M | $15.9M | $51.5M | $24.3M | $77.6M | $29.9M | $46.4M |
| Free cash flow | $15.0M | $77.3M | $27.0M | $49.3M | $20.4M | $57.3M | $4.7M | $42.1M | $13.6M | $68.4M | $20.3M | $36.9M |
| Diluted shares | 21.7M | 22.2M | 22.8M | 23.2M | 23.5M | 24.1M | 24.1M | 24.2M | 24.2M | 24.1M | 24.6M | 23.9M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $123.8M | $150.3M | $140.8M | $151.5M | $133.6M | $144.2M |
| Short-term investments | $5.0M | $7.3M | $7.3M | $21.2M | $31.4M | $38.4M |
| Total debt | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total assets | $2.07B | $2.08B | $2.04B | $2.11B | $2.09B | $2.07B |
| Total liabilities | $435.3M | $443.9M | $392.1M | $455.9M | $424.8M | $430.9M |
| Shareholders' equity | $1.63B | $1.63B | $1.65B | $1.66B | $1.67B | $1.64B |
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