STRA
Strategic Education, Inc.
NASDAQ · USConsumer DefensiveEducation & Training Services
$75.75-1.02%
Price as of Jul 20, 2026
STRA financials
Strategic Education, Inc. financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $1.3B | $1.2B | $1.1B | $1.1B |
| Cost of revenue | $647.1M | $650.5M | $623.9M | $597.3M |
| Gross profit | $621.1M | $569.4M | $509.0M | $468.2M |
| Operating expenses | $425.0M | $413.8M | $413.7M | $397.4M |
| Operating income | $196.1M | $155.6M | $95.3M | $70.8M |
| Net income | $126.6M | $112.7M | $69.8M | $46.7M |
| EBITDA | $225.8M | $201.7M | $170.4M | $137.1M |
| Basic EPS | $5.58 | $4.81 | $2.98 | $1.97 |
| Diluted EPS | $5.42 | $4.67 | $2.91 | $1.94 |
| Balance sheet | ||||
| Cash & equivalents | $140.8M | $137.1M | $168.5M | $213.7M |
| Total assets | $2.0B | $2.0B | $2.1B | $2.2B |
| Total liabilities | $392.1M | $387.2M | $472.7M | $526.0M |
| Stockholders’ equity | $1.6B | $1.7B | $1.7B | $1.6B |
| Total debt | $109.1M | $125.2M | $213.3M | $259.3M |
| Net debt | -$31.6M | -$11.8M | $44.8M | $45.6M |
| Cash flow | ||||
| Operating cash flow | $198.2M | $169.3M | $117.1M | $126.1M |
| Capital expenditure | -$44.3M | -$40.6M | -$36.9M | -$43.2M |
| Free cash flow | $153.9M | $128.8M | $80.2M | $82.9M |
| Dividends paid | -$57.5M | -$59.0M | -$58.8M | -$59.2M |
| Share repurchases | -$138.9M | -$11.5M | -$10.0M | -$40.1M |