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

Strategic Education Q2 revenue rises 5.2% to $287.7 million; diluted EPS falls to $0.59

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyStrategic Education (STRA)
Form8-K, current report
Filed with the SECJul 27, 2023, 6:30 AM ET
Accession number0001157523-23-001165

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 July 27, 2023.

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.