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.
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From Strategic Education, Inc.'s 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$1.27B
+4.0%
$5.41
+15.8%
10.0%
FY2024
$1.22B
+7.7%
$4.67
+60.5%
9.2%
FY2023
$1.13B
+6.3%
$2.91
+50.0%
6.2%
FY2022
$1.07B
-5.9%
$1.94
-14.9%
4.4%
FY2021
$1.13B
+10.1%
$2.28
-39.5%
4.9%
Frequently asked questions
When is Strategic Education's next earnings date?
Strategic Education has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Strategic Education earn last quarter?
For the quarter ended Sep 2026, Strategic Education reported diluted EPS of $-4.68 (-507.0% year over year) on revenue of $325.07M (+1.6%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.