Every material Form 8-K Strategic Education has filed with the SEC since July 27, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Strategic Education reported third-quarter 2026 revenue up 1.6% to $325.1 million, but a $134.1 million non-cash impairment of goodwill and intangibles tied to Torrens University pushed the company to a net loss of $98.3 million, compared with net income of $26.6 million a year earlier. The company cited persistent international student immigration constraints as the reason for reassessing near-term growth expectations for its Australia/New Zealand business, and it declared a regular quarterly dividend of $0.60 per share.
Revenue rose 1.6% to $325.1 million from $319.9 million, led by Education Technology Services.
Diluted loss per share was $4.68, versus diluted earnings of $1.15 in the third quarter of 2025.
Non-cash impairment of $134.1 million related to the Torrens University acquisition; adjusted diluted EPS (non-GAAP) rose to $1.69 from $1.63.
Quarterly dividend of $0.60 per share declared, payable December 7, 2026, to holders of record as of November 30, 2026.
Strategic Education reported second quarter 2026 revenue of $337.3 million, up 4.9% from $321.5 million a year earlier, and net income of $37.2 million, up from $32.3 million. Diluted EPS rose to $1.71 from $1.37, helped by a lower share count after buybacks, but Australia/New Zealand operating income fell to $1.0 million after a $13.9 million reserve tied to an Australian Fair Work Ombudsman compliance matter.
Revenue $337.3 million vs. $321.5 million; net income $37.2 million vs. $32.3 million
Diluted EPS $1.71 vs. $1.37; diluted shares 21.7 million vs. 23.5 million after $32.8 million of buybacks in the quarter
Australia/New Zealand operating income $1.0 million vs. $12.8 million, including a $13.9 million reserve tied to the Australian Fair Work Ombudsman matter
Quarterly dividend of $0.60 per share, payable September 14, 2026, to holders of record as of September 4, 2026
Strategic Education reported first quarter 2026 results for the period ended March 31, 2026. Revenue rose 0.8% to $305.9 million and diluted earnings per share rose to $1.48 from $1.24, but U.S. Higher Education revenue fell 3.8% and the company's constant currency revenue declined 1.0%.
Revenue rose 0.8% to $305.9 million from $303.6 million a year earlier; on a constant currency basis, revenue fell 1.0% to $300.4 million.
Diluted EPS was $1.48 versus $1.24; net income was $32.8 million versus $29.7 million.
Education Technology Services revenue rose 21.0% to $41.5 million, while U.S. Higher Education revenue fell 3.8% to $212.6 million.
The board declared a quarterly dividend of $0.60 per share, payable June 1, 2026, to holders of record as of May 22, 2026.
Strategic Education reported fourth quarter 2025 revenue of $323.2 million, up 3.8%, and diluted earnings per share of $1.66 compared with $1.05 a year earlier. For full-year 2025, revenue rose 4.0% to $1,268.2 million and diluted EPS was $5.41 versus $4.67, with the company also declaring a $0.60 quarterly dividend for shareholders of record as of March 9, 2026.
Q4 2025 income from operations was $51.6 million, or 16.0% of revenue, versus $36.0 million, or 11.6%, in Q4 2024
Full-year 2025 net income was $126.6 million, compared with $112.7 million in 2024, and the company repurchased shares for $138.9 million during the year
Quarterly cash dividend of $0.60 per share, payable March 16, 2026
The filing does not include financial guidance for 2026
Strategic Education reported third quarter 2025 results, with revenue up 4.6% to $319.9 million, led by its Education Technology Services segment. GAAP net income fell to $26.6 million from $27.7 million and diluted EPS was flat at $1.15, after $14.3 million of restructuring costs in the quarter. Shareholders also received a declared quarterly dividend of $0.60 per share.
Revenue rose 4.6% to $319.9 million from $306.0 million; Education Technology Services revenue rose 45.6% to $38.3 million.
GAAP net income was $26.6 million versus $27.7 million; diluted EPS was $1.15, unchanged from a year earlier.
Restructuring costs were $14.3 million in the quarter; non-GAAP adjusted diluted EPS was $1.64 versus $1.16.
Quarterly dividend of $0.60 per share declared, payable December 8, 2025 to holders of record as of December 1, 2025.
Strategic Education reported second quarter 2025 revenue of $321.5 million, up 2.9% from $312.3 million, led by its Education Technology Services segment, where revenue rose 49.6% to $36.7 million. GAAP net income rose to $32.3 million and diluted earnings per share rose to $1.37 from $1.24, while the company declared a $0.60 quarterly dividend.
Revenue was $321.5 million, up 2.9% from $312.3 million a year earlier
Diluted EPS was $1.37 versus $1.24; net income was $32.3 million versus $29.9 million
Australia/New Zealand operating income fell to $12.8 million from $14.1 million, with enrollment down 3.1%
Quarterly dividend of $0.60 per share is payable September 15, 2025 to holders of record as of September 5, 2025
Strategic Education, Inc. disclosed that director Jerry Johnson resigned from its Board of Directors, effective immediately, after informing the company on May 21, 2025. The company said the decision was to devote more time to other professional engagements and not due to any disagreement on operations, policies, or practices.
Jerry Johnson informed the company of his resignation on May 21, 2025.
Resignation is effective immediately.
Company states no disagreement with management on operations, policies, or practices.
Filing signed by CFO Daniel W. Jackson on May 23, 2025.
Strategic Education reported first quarter 2025 results for the period ended March 31, with revenue up 4.6% to $303.6 million and GAAP diluted earnings per share of $1.24, compared with $1.23 a year earlier. GAAP income from operations fell to $39.8 million from $41.4 million, while adjusted diluted EPS, a non-GAAP measure, rose to $1.30 from $1.11. The company also declared a quarterly dividend of $0.60 per share.
Revenue rose 4.6% to $303.6 million, led by the Education Technology Services segment, where revenue increased 45.2% to $34.3 million.
GAAP net income was $29.7 million, unchanged from the prior year; GAAP income from operations fell to $39.8 million from $41.4 million.
Adjusted diluted EPS was $1.30 versus $1.11, excluding restructuring costs and other items reconciled in the filing.
Quarterly dividend of $0.60 per share is payable June 2, 2025, to holders of record as of May 23, 2025.
Strategic Education reported full-year 2024 revenue of $1,219.9 million, up 7.7%, and diluted EPS of $4.67 versus $2.91 in 2023. Fourth-quarter results were weaker: revenue rose 2.9% to $311.5 million, but income from operations fell to $36.0 million from $54.2 million and diluted EPS fell to $1.05 from $1.63. The company also declared a regular quarterly dividend of $0.60 per share, payable March 17, 2025.
Full-year 2024 revenue rose 7.7% to $1,219.9 million; net income was $112.7 million versus $69.8 million in 2023.
Q4 2024 revenue increased 2.9% to $311.5 million, while Q4 net income fell to $25.3 million from $39.1 million.
Q4 U.S. Higher Education revenue fell 1.5% to $214.3 million, with operating margin of 8.3% versus 15.1% a year earlier.
Quarterly dividend of $0.60 per share, payable March 17, 2025 to holders of record as of March 10, 2025.
Strategic Education reported third quarter 2024 results for the period ended September 30, 2024, with revenue up 7.0% to $306.0 million and diluted earnings per share of $1.15, compared with $0.77 a year earlier. Net income rose to $27.7 million from $18.5 million, and the company declared a regular quarterly dividend of $0.60 per share.
Revenue rose 7.0% to $306.0 million from $285.9 million in the third quarter of 2023.
Diluted EPS was $1.15 versus $0.77; adjusted diluted EPS was $1.16 versus $0.97.
Income from operations was $36.3 million, an 11.9% margin, versus $25.6 million a year earlier.
Quarterly dividend of $0.60 per share is payable December 9, 2024 to holders of record as of December 2, 2024.
Strategic Education reported results for the quarter ended June 30, 2024, with revenue up 8.5% to $312.3 million and diluted earnings per share of $1.24, compared with $0.59 a year earlier. Income from operations rose to $41.9 million from $16.8 million, and the company declared a regular quarterly dividend of $0.60 per share payable September 16, 2024.
Q2 2024 revenue rose 8.5% to $312.3 million from $287.7 million in Q2 2023.
Diluted EPS was $1.24 versus $0.59; adjusted diluted EPS, a non-GAAP measure, was $1.33 versus $0.82.
Income from operations was $41.9 million, or 13.4% of revenue, versus $16.8 million, or 5.8%, a year earlier.
Quarterly cash dividend of $0.60 per share declared, payable September 16, 2024 to holders of record as of September 6, 2024.
Strategic Education reported first quarter 2024 results for the period ended March 31, 2024. Revenue rose 13.1% to $290.3 million, and diluted earnings per share were $1.23, compared with a loss of $0.09 a year earlier; adjusted diluted EPS was $1.11 versus $0.24. The company also declared a regular quarterly dividend of $0.60 per share.
Revenue rose 13.1% to $290.3 million from $256.6 million; income from operations was $41.4 million versus a loss of $1.3 million a year earlier.
Diluted EPS was $1.23 versus a loss of $0.09; adjusted diluted EPS was $1.11 versus $0.24.
Cash provided by operations was $77.6 million versus $35.2 million; cash and marketable securities were $253.6 million at March 31, 2024.
Quarterly dividend of $0.60 per share, payable June 3, 2024 to holders of record as of May 24, 2024.
Strategic Education reported fourth-quarter 2023 revenue of $302.7 million, up 12.1% from a year earlier, and diluted earnings per share of $1.63 versus $0.77. Net income for the quarter was $39.1 million, compared with $18.3 million in the fourth quarter of 2022. The company also declared a regular quarterly dividend of $0.60 per share.
Q4 2023 revenue rose 12.1% to $302.7 million; net income was $39.1 million versus $18.3 million
Diluted EPS was $1.63 versus $0.77; adjusted diluted EPS was $1.68 versus $0.78 (non-GAAP)
Full-year 2023 revenue rose 6.3% to $1.13 billion; full-year diluted EPS was $2.91 versus $1.94
Quarterly dividend of $0.60 per share is payable March 18, 2024 to holders of record as of March 11, 2024
Strategic Education reported third-quarter 2023 results, with revenue up 8.7% to $285.9 million and diluted earnings per share of $0.77, compared with $0.25 a year earlier. Income from operations rose to $25.6 million from $7.8 million, though GAAP results include $3.3 million in restructuring costs. The company also declared a $0.60 per share quarterly dividend and will hold an Investor and Analyst Day on November 7, 2023.
Revenue rose 8.7% to $285.9 million from $263.1 million a year earlier.
Diluted EPS was $0.77 versus $0.25; adjusted diluted EPS, a non-GAAP measure, was $0.97 versus $0.33.
Net income was $18.5 million versus $6.1 million; restructuring costs were $3.3 million versus $0.6 million.
Quarterly dividend of $0.60 per share is payable December 4, 2023 to holders of record on November 27, 2023.
On September 1, 2023, Strategic Education's board elected Viet D. Dinh as a director, on the recommendation of its Nominating and Corporate Governance Committee. The board determined he is independent under Nasdaq listing rules, and he will receive standard non-employee director compensation. The filing reports no financial results or guidance changes, so the event is a board addition rather than an operating change.
Viet D. Dinh elected to the board on September 1, 2023, as an independent director under Nasdaq rules
Dinh is Chief Legal and Policy Officer at Fox Corporation and previously served as outside general counsel to the Company from 2009 to 2018
Compensation follows the standard non-employee director arrangements described in the proxy statement filed March 13, 2023
Strategic Education reported second quarter 2023 results, with revenue up 5.2% to $287.7 million, but GAAP diluted earnings per share fell to $0.59 from $0.63 and operating income dropped to $16.8 million from $21.9 million. Adjusted diluted EPS, a non-GAAP measure, also declined to $0.82 from $0.85, and the company declared a $0.60 quarterly dividend.
Revenue rose 5.2% to $287.7 million, against $273.6 million in the second quarter of 2022.
GAAP diluted EPS was $0.59, down from $0.63; net income was $14.2 million, down from $15.2 million.
Income from operations was $16.8 million, or 5.8% of revenue, compared with $21.9 million, or 8.0%, a year earlier.
A regular quarterly cash dividend of $0.60 per share is payable September 11, 2023, to holders of record as of September 1, 2023.
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