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Strategic Education, Inc. (STRA)

Nasdaq Consumer Discretionary Education Services S&P SmallCap 600
$52.20
-6.27 (-10.72%)
Close of Nov 06, 2026 · end-of-day data
Source: Strategic Education, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$441.09M$454.85M$634.18M$997.14M$1.03B$1.13B$1.07B$1.13B$1.22B$1.27B
Operating income$57.47M$52.21M-$22.74M$110.53M$109.38M$73.91M$70.76M$95.32M$155.63M$174.23M
Interest expense$642.00K$642.00K————————
Pre-tax income$57.29M$52.65M-$19.14M$123.72M$113.96M$76.60M$69.57M$100.73M$161.43M$177.39M
Income tax$22.49M$32.03M-$3.47M$42.59M$27.69M$21.51M$22.90M$30.93M$48.75M$50.78M
Net income$34.80M$20.61M-$15.67M$81.14M$86.27M$55.09M$46.67M$69.79M$112.68M$126.61M
EBITDA$75.27M$70.91M$8.66M$160.03M$161.18M$133.01M$122.76M$143.72M$200.03M$222.63M
EPS (basic)$3.28$1.93$-1.03$3.73$3.81$2.30$1.97$2.98$4.81$5.57
EPS (diluted)$3.21$1.84$-1.03$3.67$3.77$2.28$1.94$2.91$4.67$5.41
Diluted shares10.85M11.20M15.19M22.10M22.86M24.12M24.00M23.96M24.14M23.40M
Operating margin13.0%11.5%-3.6%11.1%10.6%6.5%6.6%8.4%12.8%13.7%
Net margin7.9%4.5%-2.5%8.1%8.4%4.9%4.4%6.2%9.2%10.0%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$129.25M$155.93M$311.73M$419.69M$187.51M$268.92M$213.67M$168.48M$137.07M$140.76M
Short-term investments——$37.12M$34.87M$7.56M$6.50M$9.16M$39.73M$46.95M$7.30M
Receivables$20.53M$23.12M$55.69M$51.52M$50.17M$51.28M$62.95M$76.10M$76.13M$78.20M
Total current assets$160.54M$190.35M$420.36M$524.09M$286.12M$367.79M$329.06M$329.07M$304.94M$277.86M
Goodwill$20.74M$20.74M$732.54M$732.08M$1.32B$1.29B$1.25B$1.25B$1.21B$1.24B
Total assets$298.70M$321.28M$1.66B$1.79B$2.30B$2.31B$2.16B$2.13B$2.05B$2.04B
Total current liabilities$59.84M$69.07M$125.13M$156.75M$200.05M$195.75M$209.94M$209.62M$216.46M$217.94M
Long-term debt———$0$141.82M$141.63M$101.40M$61.40M$0—
Total debt———$0$141.82M$141.63M$101.40M$61.40M$0—
Total liabilities$110.32M$112.08M$235.81M$326.70M$547.49M$591.89M$525.96M$472.69M$387.24M$392.13M
Shareholders' equity$188.37M$209.20M$1.43B$1.46B$1.75B$1.71B$1.64B$1.65B$1.66B$1.65B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$44.52M$56.16M$46.87M$202.15M$142.91M$180.53M$126.05M$117.12M$169.33M$198.20M
Capital expenditures$13.16M$18.05M$27.55M$38.69M$46.81M$49.43M$43.17M$36.94M$40.58M$44.25M
Free cash flow$31.36M$38.11M$19.32M$163.46M$96.09M$131.09M$82.88M$80.18M$128.75M$153.95M
Investing cash flow-$20.80M-$18.05M$130.14M-$38.07M-$642.19M-$33.09M-$31.36M-$48.55M-$64.36M$8.51M
Financing cash flow-$1.36M-$11.42M-$21.21M-$55.82M$279.19M-$67.89M-$142.36M-$113.61M-$136.77M-$206.16M
Dividends paid—$11.42M$27.84M$46.62M$55.96M$59.05M$59.24M$58.78M$58.97M$57.54M
Share buybacks——$0$0$247.00K$5.91M$40.12M$10.00M$11.51M$138.89M
Stock-based compensation$10.77M$11.63M$15.53M$12.16M$14.61M$18.15M$21.79M$19.77M$25.57M$22.95M
Depreciation & amortization$17.80M$18.70M$31.40M$49.50M$51.80M$59.10M$52.00M$48.40M$44.40M$48.40M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.