LOPE · XBRL financial data

Grand Canyon Education financial statements, every quarter

The same tables from 12 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 quarters (LOPE's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	222	278*	275	227	238	293*	289	247	261	308*	309	264
General and administrative	12	10*	11	11	14	11*	10	11	15	10*	10	10
Operating income (loss)	42	98*	84	43	48	100*	88	52	18	108*	95	58
Interest expense	0	0*	0	0	0*	0*	—	—	—	—	—	—
Income tax expense (benefit)	9	20*	20	12	11	22*	20	13	5	25*	23	15
Net income (loss)	36	81*	68	35	41	82*	72	42	16	87*	75	46
Earnings per share, basic USD per share	1.20	2.73*	2.31	1.19	1.43	2.86*	2.53	1.48	0.59	3.16*	2.82	1.75
Earnings per share, diluted USD per share	1.19	2.71*	2.29	1.19	1.42	2.84*	2.52	1.48	0.58	3.14*	2.80	1.75
Weighted average shares, basic millions of shares	30	30*	29	29	29	29*	28	28	28	27*	27	26
Weighted average shares, diluted millions of shares	30	30*	30	29	29	29*	28	28	28	28*	27	26

Fiscal quarters (LOPE's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	57	146	196	241	264	325	145	192	97	112	96	171
Marketable securities	98	98	94	100	0	0	160	182	180	188	156	103
Accounts receivable	104	79	112	29	116	83	116	28	122	84	113	34
Total current assets	275	338	444	390	393	420	436	422	434	400	380	331
Property and equipment, net	165	170	172	174	176	177	178	179	180	179	180	181
Right-of-use asset	90	92	90	102	99	100	96	98	100	97	93	94
Goodwill	161	161	161	161	161	161	161	161	161	161	161	161
Total assets	863	930	1,036	993	993	1,018	1,031	1,021	1,033	992	968	919
Accounts payable	24	18	30	22	28	27	24	24	19	24	29	17
Accrued liabilities	34	27	58	32	33	30	35	34	71	32	38	35
Total current liabilities	100	97	160	107	107	111	128	119	137	110	138	118
Lease liability, non-current	86	88	86	97	95	96	92	94	96	93	89	89
Total liabilities	213	212	276	233	229	235	251	243	275	245	272	250
Retained earnings	2,164	2,245	2,313	2,348	2,389	2,471	2,543	2,584	2,600	2,687	2,762	2,808
Total stockholders' equity	651	718	759	759	764	784	781	778	758	747	696	670
Total liabilities and equity	863	930	1,036	993	993	1,018	1,031	1,021	1,033	992	968	919
Common shares outstanding (cover page) millions of shares	30	30	30	29	29	29	28	28	28	27	27	26

Fiscal quarters (LOPE's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	36	81*	68	35	41	82*	72	42	16	87*	75	46
Depreciation and amortization	—	year only	—	—	—	year only	—	—	—	year only	—	—
Net cash from operating activities	(30)*	116*	85	99*	(29)*	136*	68	124*	(49)*	130*	88	109*
Net cash from investing activities	(22)*	(10)*	(5)	(15)*	91*	(10)*	(170)	(29)*	(7)*	(16)*	24	42*
Share repurchases	34*	17*	30	39*	40*	65*	78	47*	39*	100*	128	75*
Net cash from financing activities	(34)*	(17)*	(30)	(39)*	(40)*	(65)*	(78)	(47)*	(39)*	(100)*	(128)	(75)*
Net change in cash	(86)*	90*	50	45*	22*	61*	(180)	48*	(95)*	14*	(16)	75*

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.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Grand Canyon Education	171	264	109*	26.1M	—	Q2 FY26 10-QJun 30, 2026
Covista	222	512	114	33.3M	—	Q1 FY27 10-QSep 30, 2026
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
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
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

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