LOPE · XBRL financial data

Grand Canyon Education 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 (LOPE'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	844	897	911	961	1,033	1,106
General and administrative	43	42	45	43	46	47
Operating income (loss)	277	282	238	249	275	266
Interest expense	4	4	0	0	0	—
Income tax expense (benefit)	76	71	55	55	65	64
Net income (loss)	257	260	185	205	226	216
Earnings per share, basic USD per share	5.49	5.94	5.75	6.83	7.77	7.76
Earnings per share, diluted USD per share	5.45	5.92	5.73	6.80	7.73	7.71
Weighted average shares, basic millions of shares	47	44	32	30	29	28
Weighted average shares, diluted millions of shares	47	44	32	30	29	28

Fiscal years (LOPE'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	246	601	120	146	325	112
Marketable securities	—	0	61	98	0	188
Accounts receivable	62	70	77	79	83	84
Total current assets	334	681	273	338	420	400
Property and equipment, net	129	136	148	170	177	179
Right-of-use asset	61	58	73	92	100	97
Goodwill	161	161	161	161	161	161
Total assets	1,845	1,223	833	930	1,018	992
Accounts payable	17	24	20	18	27	24
Accrued liabilities	22	28	22	27	30	32
Total current liabilities	119	98	100	97	111	110
Lease liability, non-current	57	54	69	88	96	93
Total liabilities	270	178	195	212	235	245
Retained earnings	1,595	1,855	2,040	2,245	2,471	2,687
Total stockholders' equity	1,574	1,045	638	718	784	747
Total liabilities and equity	1,845	1,223	833	930	1,018	992
Common shares outstanding (cover page) millions of shares	47	35	31	30	29	27

Fiscal years (LOPE'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)	257	260	185	205	226	216
Depreciation and amortization	21	21	22	23	28	31
Net cash from operating activities	309	313	221	244	290	273
Net cash from investing activities	(19)	951	(97)	(80)	61	(222)
Share repurchases	134	804	604	137	173	265
Net cash from financing activities	(166)	(909)	(604)	(137)	(173)	(265)
Net change in cash	123	355	(481)	26	178	(213)

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.