Strategic Education, Inc. (STRA)
Q1-CY2026Q4-CY2025Q3-CY2025Q2-CY2025Q1-CY2025Q4-CY2024Q3-CY2024Q2-CY2024Q1-CY2024Q4-CY2023Q3-CY2023Q2-CY2023Q1-CY2023Q4-CY2022Q3-CY2022Q2-CY2022Q1-CY2022Q4-CY2021Q3-CY2021Q2-CY2021Q1-CY2021Q4-CY2020Q3-CY2020Q2-CY2020Q1-CY2020Q4-CY2019Q3-CY2019Q2-CY2019Q1-CY2019Q4-CY2018Q3-CY2018Q2-CY2018Q1-CY2018Q4-CY2017Q3-CY2017Q2-CY2017Q1-CY2017Q4-CY2016Q3-CY2016Q2-CY2016Q1-CY2016Q4-CY2015Q3-CY2015Q2-CY2015Q1-CY2015Q4-CY2014Q3-CY2014Q2-CY2014Q1-CY2014
Balance Sheet Date2025-Dec-312025-Sep-302025-Jun-302025-Mar-312024-Dec-312024-Sep-302024-Jun-302024-Mar-312023-Dec-312023-Sep-302023-Jun-302023-Mar-312022-Dec-312022-Sep-302022-Jun-302022-Mar-312021-Dec-312021-Sep-302021-Jun-302021-Mar-312020-Dec-312020-Sep-302020-Jun-302020-Mar-312019-Dec-312019-Sep-302019-Jun-302019-Mar-312018-Dec-312018-Sep-302018-Jun-302018-Mar-312017-Dec-312017-Sep-302017-Jun-302017-Mar-312016-Dec-312016-Sep-302016-Jun-302016-Mar-312015-Dec-312015-Sep-302015-Jun-302015-Mar-312014-Dec-312014-Sep-302014-Jun-302014-Mar-31
Fiscal PeriodQ4-FY2025Q3-FY2025Q2-FY2025Q1-FY2025Q4-FY2024Q3-FY2024Q2-FY2024Q1-FY2024Q4-FY2023Q3-FY2023Q2-FY2023Q1-FY2023Q4-FY2022Q3-FY2022Q2-FY2022Q1-FY2022Q4-FY2021Q3-FY2021Q2-FY2021Q1-FY2021Q4-FY2020Q3-FY2020Q2-FY2020Q1-FY2020Q4-FY2019Q3-FY2019Q2-FY2019Q1-FY2019Q4-FY2018Q3-FY2018Q2-FY2018Q1-FY2018Q4-FY2017Q3-FY2017Q2-FY2017Q1-FY2017Q4-FY2016Q3-FY2016Q2-FY2016Q1-FY2016Q4-FY2015Q3-FY2015Q2-FY2015Q1-FY2015Q4-FY2014Q3-FY2014Q2-FY2014Q1-FY2014
Total Revenue323,210,000$319,949,000$321,471,000$303,590,000$311,456,000$305,958,000$312,266,000$290,250,000$302,702,000$285,936,000$287,680,000$256,606,000$269,938,000$263,123,000$273,564,000$258,855,000$272,099,000$270,078,000$299,173,000$290,336,000$267,494,000$239,026,000$255,831,000$265,302,000$263,772,000$241,747,000$245,110,000$246,508,000$242,103,000$160,945,000$114,668,000$116,469,000$118,707,000$108,512,000$112,720,000$114,912,000$119,279,000$102,156,000$108,487,000$111,166,000$113,660,000$99,142,000$109,750,000$111,885,000$116,070,000$100,756,000$112,747,000$116,468,000$
QoQ%1.02%(.47%)5.89%(2.53%)1.80%(2.02%)7.59%(4.11%)5.86%(.61%)12.11%(4.94%)2.59%(3.82%)5.68%(4.87%).75%(9.73%)3.04%8.54%11.91%(6.57%)(3.57%).58%9.11%(1.37%)(.57%)1.82%50.43%40.36%(1.55%)(1.89%)9.40%(3.73%)(1.91%)(3.66%)16.76%(5.84%)(2.41%)(2.19%)14.64%(9.67%)(1.91%)(3.61%)15.20%(10.64%)(3.20%)(6.14%)
YoY%3.77%4.57%2.95%4.60%2.89%7.00%8.55%13.11%12.14%8.67%5.16%(.87%)(.79%)(2.58%)(8.56%)(10.84%)1.72%12.99%16.94%9.44%1.41%(1.13%)4.37%7.62%8.95%50.21%113.76%111.65%103.95%48.32%1.73%1.36%(.48%)6.22%3.90%3.37%4.94%3.04%(1.15%)(.64%)(2.08%)(1.60%)(2.66%)(3.94%)(6.46%)(8.43%)(14.57%)(15.30%)
Cost Of Revenue0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$0$9,737,000$10,822,000$14,814,000$11,169,000$11,976,000$11,171,000$0$0$0$0$0$0$0$0$65,118,000$56,987,000$61,656,000$61,416,000$64,851,000$56,295,000$61,782,000$58,098,000$59,874,000$55,281,000$59,245,000$59,697,000$61,464,000$55,927,000$59,799,000$59,113,000$
Gross Profit323,210,000$319,949,000$321,471,000$303,590,000$311,456,000$305,958,000$312,266,000$290,250,000$302,702,000$285,936,000$287,680,000$256,606,000$269,938,000$263,123,000$273,564,000$258,855,000$272,099,000$270,078,000$289,436,000$279,514,000$252,680,000$227,857,000$243,855,000$254,131,000$263,772,000$241,747,000$245,110,000$246,508,000$242,103,000$160,945,000$114,668,000$116,469,000$53,589,000$51,525,000$51,064,000$53,496,000$54,428,000$45,861,000$46,705,000$53,068,000$53,786,000$43,861,000$50,505,000$52,188,000$54,606,000$44,829,000$52,948,000$57,355,000$
Gross Margin100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%96.75%96.27%94.46%95.33%95.32%95.79%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%45.14%47.48%45.30%46.55%45.63%44.89%43.05%47.74%47.32%44.24%46.02%46.64%47.05%44.49%46.96%49.25%
Operating Expenses271,575,000$282,907,000$275,711,000$263,796,000$275,434,000$269,632,000$270,342,000$248,894,000$248,478,000$260,307,000$270,863,000$257,955,000$242,291,000$255,316,000$251,699,000$245,414,000$244,235,000$262,730,000$262,736,000$267,514,000$249,072,000$212,435,000$197,460,000$210,172,000$226,559,000$221,747,000$217,514,000$220,785,000$223,228,000$218,072,000$110,484,000$105,141,000$41,901,000$43,301,000$37,210,000$35,053,000$34,774,000$41,031,000$33,809,000$32,976,000$32,130,000$36,607,000$29,576,000$32,329,000$31,982,000$35,613,000$28,950,000$31,446,000$
Operating Income51,635,000$37,042,000$45,760,000$39,794,000$36,022,000$36,326,000$41,924,000$41,356,000$54,224,000$25,629,000$16,817,000$(1,349,000$)27,647,000$7,807,000$21,865,000$13,441,000$27,864,000$7,348,000$26,700,000$12,000,000$3,608,000$15,422,000$46,395,000$43,959,000$37,213,000$20,000,000$27,596,000$25,723,000$18,875,000$(57,127,000$)4,184,000$11,328,000$11,688,000$8,224,000$13,854,000$18,443,000$19,654,000$4,830,000$12,896,000$20,092,000$21,656,000$7,254,000$20,929,000$19,859,000$22,624,000$9,216,000$23,998,000$25,909,000$
Operating Margin15.98%11.58%14.24%13.11%11.57%11.87%13.43%14.25%17.91%8.96%5.85%(.53%)10.24%2.97%7.99%5.19%10.24%2.72%8.93%4.13%1.35%6.45%18.14%16.57%14.11%8.27%11.26%10.44%7.80%(35.50%)3.65%9.73%9.85%7.58%12.29%16.05%16.48%4.73%11.89%18.07%19.05%7.32%19.07%17.75%19.49%9.15%21.29%22.25%
Interest Income
Interest Expenses161,000$159,000$161,000$162,000$160,000$159,000$161,000$161,000$160,000$160,000$161,000$1,144,000$1,272,000$1,273,000$1,303,000$1,311,000$1,281,000$1,353,000$
Income Before Tax53,174,000$36,769,000$45,445,000$42,005,000$37,891,000$38,590,000$41,801,000$43,150,000$55,218,000$26,471,000$19,988,000$(951,000$)27,589,000$7,545,000$22,165,000$12,270,000$29,475,000$5,500,000$27,457,000$14,167,000$3,507,000$16,334,000$48,034,000$46,082,000$39,710,000$23,243,000$31,721,000$29,050,000$20,630,000$(56,017,000$)4,631,000$11,617,000$11,869,000$8,365,000$13,947,000$18,465,000$19,628,000$4,784,000$12,848,000$20,032,000$21,556,000$6,154,000$19,757,000$18,664,000$21,393,000$7,947,000$22,719,000$24,557,000$
Tax Expenses15,265,000$10,139,000$13,114,000$12,261,000$12,555,000$10,842,000$11,903,000$13,448,000$16,089,000$8,012,000$5,757,000$1,077,000$9,260,000$1,453,000$6,945,000$5,241,000$7,795,000$1,646,000$7,481,000$4,590,000$(2,410,000$)5,374,000$13,882,000$10,843,000$11,173,000$6,551,000$7,312,000$17,550,000$(1,825,000$)(3,236,000$)(557,000$)2,150,000$18,364,000$2,138,000$3,645,000$7,887,000$7,910,000$1,906,000$5,062,000$7,612,000$8,515,000$2,431,000$7,883,000$7,279,000$8,450,000$2,994,000$9,042,000$9,774,000$
Net Income37,909,000$26,630,000$32,331,000$29,744,000$25,336,000$27,748,000$29,898,000$29,702,000$39,129,000$18,459,000$14,231,000$(2,028,000$)18,329,000$6,092,000$15,220,000$7,029,000$21,680,000$3,854,000$19,976,000$9,577,000$5,917,000$10,960,000$34,152,000$35,239,000$28,537,000$16,692,000$24,409,000$11,500,000$22,455,000$(52,781,000$)5,188,000$9,467,000$(6,495,000$)6,227,000$10,302,000$10,578,000$11,718,000$2,878,000$7,786,000$12,420,000$13,041,000$3,723,000$11,874,000$11,385,000$12,943,000$4,953,000$13,677,000$14,783,000$
Profit Margin11.73%8.32%10.06%9.80%8.14%9.07%9.58%10.23%12.93%6.46%4.95%(.79%)6.79%2.32%5.56%2.72%7.97%1.43%6.68%3.30%2.21%4.59%13.35%13.28%10.82%6.91%9.96%4.67%9.28%(32.79%)4.52%8.13%(5.47%)5.74%9.14%9.21%9.82%2.82%7.18%11.17%11.47%3.76%10.82%10.18%11.15%4.92%12.13%12.69%
TTM9.98%9.08%9.27%9.14%9.24%10.44%9.84%8.70%6.16%4.45%3.40%3.54%4.38%4.69%4.45%4.78%4.87%3.49%4.24%5.76%8.40%10.63%11.16%10.32%8.14%7.69%.62%(1.79%)(2.47%)(8.74%)3.14%4.27%4.53%8.53%7.90%7.41%7.89%8.30%8.55%9.47%9.21%9.14%9.39%9.73%10.39%3.18%2.73%2.90%
Earnings to Minority
Earnings to Common Shareholders37,909,000$26,630,000$32,331,000$29,744,000$25,336,000$27,748,000$29,898,000$29,702,000$39,129,000$18,459,000$14,231,000$(2,028,000$)18,329,000$6,092,000$15,220,000$7,029,000$21,680,000$3,854,000$19,976,000$9,577,000$5,917,000$10,960,000$34,152,000$35,239,000$28,537,000$16,692,000$24,409,000$11,500,000$22,455,000$(52,781,000$)5,188,000$9,467,000$(6,495,000$)6,227,000$10,302,000$10,578,000$11,718,000$2,878,000$7,786,000$12,420,000$13,041,000$3,723,000$11,874,000$11,385,000$12,943,000$4,953,000$13,677,000$14,783,000$
QoQ%42.35%(17.63%)8.70%17.40%(8.69%)(7.19%).66%(24.09%)111.98%29.71%801.73%(111.06%)200.87%(59.97%)116.53%(67.58%)462.53%(80.71%)108.58%61.86%(46.01%)(67.91%)(3.09%)23.49%70.96%(31.62%)112.25%(48.79%)142.54%(1,117.37%)(45.20%)245.76%(204.30%)(39.56%)(2.61%)(9.73%)307.16%(63.04%)(37.31%)(4.76%)250.28%(68.65%)4.30%(12.04%)161.32%(63.79%)(7.48%)177.98%
YoY%49.63%(4.03%)8.14%.14%(35.25%)50.32%110.09%1,564.60%113.48%203.00%(6.50%)(128.85%)(15.46%)58.07%(23.81%)(26.61%)266.40%(64.84%)(41.51%)(72.82%)(79.27%)(34.34%)39.92%206.43%27.09%131.63%370.49%21.48%445.73%(947.62%)(49.64%)(10.50%)(155.43%)116.37%32.31%(14.83%)(10.15%)(22.70%)(34.43%)9.09%.76%(24.83%)(13.18%)(22.99%)168.28%57.29%(8.83%)(14.21%)
Earnings Per Share, Basic1.71$1.18$1.41$1.28$1.08$1.18$1.28$1.27$1.67$0.79$0.61$(0.09$)0.78$0.26$0.64$0.29$0.91$0.16$0.83$0.40$0.25$0.48$1.57$1.62$1.31$0.77$1.12$0.53$1.05$(2.97$)0.48$0.88$(0.61$)0.58$0.96$1.00$1.10$0.27$0.73$1.17$1.23$0.35$1.12$1.08$1.22$0.47$1.29$1.40$
Earnings Per Share, Diluted1.66$1.15$1.37$1.24$1.05$1.15$1.24$1.23$1.59$0.77$0.59$(0.09$)0.77$0.25$0.63$0.29$0.90$0.16$0.83$0.40$0.25$0.47$1.55$1.60$1.29$0.75$1.10$0.52$1.11$(2.97$)0.46$0.84$(0.58$)0.56$0.92$0.95$1.07$0.27$0.72$1.15$1.21$0.35$1.11$1.06$1.21$0.46$1.29$1.40$
Unlevered FCF Per Share, Basic1.21$2.18$0.89$2.46$0.20$1.80$0.58$2.93$0.87$1.58$(0.17$)1.15$(0.40$)1.45$0.47$1.96$0.15$1.04$1.53$2.76$(1.16$)1.63$1.47$2.50$2.28$1.35$1.58$2.32$2.34$(2.93$)0.79$1.19$0.78$0.51$0.34$1.95$0.82$0.38$0.56$1.19$1.95$0.74$0.84$2.63$1.19$1.44$1.01$3.06$
Unlevered FCF Per Share, Diluted1.18$2.12$0.87$2.38$0.19$1.74$0.56$2.84$0.83$1.55$(0.17$)1.15$(0.39$)1.43$0.46$1.95$0.15$1.03$1.52$2.74$(1.16$)1.62$1.46$2.47$2.25$1.33$1.55$2.26$2.47$(2.93$)0.76$1.13$0.74$0.49$0.33$1.86$0.80$0.37$0.55$1.17$1.91$0.73$0.83$2.59$1.17$1.42$1.00$3.05$
Average Shares, Basic22,186,00022,584,00022,906,00023,320,00023,369,00023,422,00023,442,00023,391,00023,367,00023,365,00023,450,00023,430,00023,422,00023,550,00023,796,00023,948,00023,923,00023,948,00023,975,00023,974,00023,954,00023,004,00021,764,00021,810,00021,818,00021,806,00021,777,00021,499,00021,337,00017,799,00010,879,00010,745,00010,701,00010,701,00010,680,00010,630,00010,618,00010,616,00010,610,00010,596,00010,593,00010,593,00010,587,00010,579,00010,579,00010,571,00010,565,00010,529,000
Average Shares, Diluted22,818,00023,209,00023,516,00024,065,00024,148,00024,173,00024,179,00024,060,00024,560,00023,870,00023,964,00023,430,00023,913,00023,902,00024,063,00024,114,00024,096,00024,113,00024,126,00024,153,00024,143,00023,214,00022,012,00022,071,00022,100,00022,129,00022,109,00022,050,00020,270,00017,799,00011,380,00011,311,00011,275,00011,210,00011,190,00011,121,00010,971,00010,828,00010,799,00010,782,00010,781,00010,736,00010,705,00010,738,00010,733,00010,663,00010,623,00010,581,000
EBIT53,174,000$36,769,000$45,445,000$42,005,000$37,891,000$38,590,000$41,801,000$43,150,000$55,218,000$26,471,000$19,988,000$(951,000$)27,589,000$7,545,000$22,165,000$12,270,000$29,475,000$5,500,000$27,457,000$14,167,000$3,507,000$16,334,000$48,034,000$46,082,000$39,710,000$23,243,000$31,721,000$29,050,000$20,630,000$(56,017,000$)4,792,000$11,776,000$12,030,000$8,527,000$14,107,000$18,624,000$19,789,000$4,945,000$13,008,000$20,192,000$21,717,000$7,298,000$21,029,000$19,937,000$22,696,000$9,258,000$24,000,000$25,910,000$
EBITDA66,424,000$48,731,000$57,448,000$53,200,000$49,236,000$49,396,000$52,959,000$54,219,000$67,650,000$41,156,000$35,533,000$13,700,000$41,520,000$23,302,000$39,329,000$28,542,000$44,703,000$27,064,000$59,510,000$48,738,000$34,472,000$42,542,000$74,282,000$71,815,000$65,709,000$49,608,000$58,235,000$55,033,000$46,066,000$(36,825,000$)9,672,000$16,811,000$17,045,000$13,270,000$18,712,000$22,994,000$24,330,000$9,348,000$17,456,000$24,617,000$26,110,000$11,717,000$25,608,000$24,650,000$27,544,000$14,213,000$29,024,000$31,713,000$