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AI brief of an SEC Form 8-K · Strategic Education (STRA)

Strategic Education Q1 revenue up 13.1% to $290.3 million; net income $29.7 million

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyStrategic Education (STRA)
Form8-K, current report
Filed with the SECApr 25, 2024, 6:35 AM ET
Accession number0001104659-24-051503

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.