GHC · XBRL financial data

Graham Holdings financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (GHC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	2,889	3,186	3,924	4,415	4,791	4,912
Operating income (loss)	100	77	84	69	216	235
Interest income	4	3	3	7	10	8
Interest expense	38	34	54	63	186	119
Other income (expense)	215	33	34	19	13	(19)
Income tax expense (benefit)	107	96	51	87	292	146
Net income (loss)	300	352	67	205	725	292
Earnings per share, basic USD per share	58.30	70.65	13.83	43.96	164.62	67.11
Earnings per share, diluted USD per share	58.13	70.45	13.79	43.82	163.40	66.47
Weighted average shares, basic millions of shares	5	5	5	5	4	4
Weighted average shares, diluted millions of shares	5	5	5	5	4	4

Fiscal years (GHC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	414	146	169	170	261	267
Accounts receivable	520	590	534	496	478	519
Total current assets	1,774	1,847	1,708	1,849	2,099	2,431
Property and equipment, net	378	468	503	560	549	587
Right-of-use asset	463	438	429	409	388	405
Goodwill	1,485	1,650	1,561	1,525	1,500	1,586
Total assets	6,444	7,426	6,582	7,188	7,677	8,396
Accounts payable	106	127	136	154	160	181
Current portion of long-term debt	6	142	156	67	27	175
Total current liabilities	950	1,166	1,174	1,230	1,200	1,389
Long-term debt	506	526	571	745	722	706
Lease liability, non-current	429	405	394	377	363	378
Total liabilities	2,666	3,000	2,808	3,162	3,347	3,529
Retained earnings	6,805	7,127	7,163	7,337	8,032	8,293
Total stockholders' equity	3,759	4,400	3,731	3,976	4,257	4,794
Total liabilities and equity	6,444	7,426	6,582	7,188	7,677	8,396

Fiscal years (GHC's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	300	352	67	205	725	292
Stock-based compensation	6	6	6	7	6	6
Net cash from operating activities	211	202	236	260	407	347
Purchases of property and equipment	70	163	83	93	83	72
Net cash from investing activities	199	(495)	(184)	(153)	(62)	(179)
Share repurchases	162	56	71	193	114	3
Repayments of long-term debt	—	50	14	122	29	558
Net cash from financing activities	(204)	31	(18)	(100)	(241)	(165)
Net change in cash	209	(264)	32	11	96	14

SIC 8200 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 8200 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Graham Holdings	154	1,326	160*	not reported	—	Q3 FY26 10-QSep 30, 2026
Laureate Education	190	485	152*	135.7M	—	Q3 FY26 10-QSep 30, 2026
Covista	222	512	114	33.3M	—	Q1 FY27 10-QSep 30, 2026
Strategic Education	124	337	29*	22.2M	—	Q2 FY26 10-QJun 30, 2026
Stride	548	639	(125)	42.0M	6.3 quarters	Q1 FY27 10-QSep 30, 2026
Grand Canyon Education	171	264	109*	26.1M	—	Q2 FY26 10-QJun 30, 2026
Perdoceo Education	163	213	75*	62.6M	—	Q2 FY26 10-QJun 30, 2026
Universal Technical Institute	130	219	10*	55.1M	—	Q3 FY26 10-QJun 30, 2026
Udemy	253	not reported	15	146.3M	—	Q1 FY26 10-QMar 31, 2026

Not investment advice. Not affiliated with the U.S. SEC.