STRA · XBRL financial data

Strategic 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 (STRA'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	286	303*	290	312	306	311*	304	321	320	323*	306	337
General and administrative	98	92*	97	105	106	104*	104	107	106	109*	108	106
Operating income (loss)	26	54*	41	42	36	36*	40	46	37	52*	41	50
Other income (expense)	1	1*	2	(0)	2	2*	2	(0)	(0)	2*	1	1
Income tax expense (benefit)	8	16*	13	12	11	13*	12	13	10	15*	9	15
Net income (loss)	18	39*	30	30	28	25*	30	32	27	38*	33	37
Earnings per share, basic USD per share	0.79	1.67*	1.27	1.28	1.18	1.08*	1.28	1.41	1.18	1.71*	1.52	1.74
Earnings per share, diluted USD per share	0.77	1.59*	1.23	1.24	1.15	1.05*	1.24	1.37	1.15	1.66*	1.48	1.71
Weighted average shares, basic millions of shares	23	23*	23	23	23	23*	23	23	23	22*	22	21
Weighted average shares, diluted millions of shares	24	25*	24	24	24	24*	24	24	23	23*	22	22

Fiscal quarters (STRA'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	168	168	222	230	196	137	144	134	151	141	150	124
Marketable securities	29	40	31	26	26	47	38	31	21	7	7	5
Marketable securities, non-current	2	0	0	0	0	15	15	15	10	5	5	5
Accounts receivable	97	76	83	90	106	76	90	98	115	78	86	101
Total current assets	351	329	390	399	384	305	328	320	346	278	304	290
Property and equipment, net	118	119	116	116	116	111	110	111	108	107	106	110
Right-of-use asset	111	119	115	112	117	104	100	100	96	91	90	87
Goodwill	1,228	1,252	1,230	1,241	1,261	1,207	1,210	1,231	1,237	1,242	1,256	1,259
Total assets	2,114	2,125	2,155	2,178	2,188	2,050	2,074	2,092	2,112	2,039	2,078	2,069
Total current liabilities	265	210	262	253	286	216	259	254	283	218	263	265
Long-term debt	61	61	61	61	0	0	—	—	—	—	—	—
Lease liability, non-current	121	128	116	112	116	103	99	100	99	93	95	92
Total liabilities	519	473	513	499	471	387	431	425	456	392	444	435
Retained earnings	144	169	184	199	210	218	225	236	241	255	266	283
Total stockholders' equity	1,595	1,653	1,643	1,678	1,717	1,662	1,643	1,667	1,656	1,646	1,634	1,634
Total liabilities and equity	2,114	2,125	2,155	2,178	2,188	2,050	2,074	2,092	2,112	2,039	2,078	2,069
Common shares outstanding (cover page) millions of shares	24	24	25	25	25	25	24	24	23	23	23	22

Fiscal quarters (STRA'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)	18	39*	30	30	28	25*	30	32	27	38*	33	37
Stock-based compensation	4	5*	5	7	7	7*	5	6	6	6*	5	5
Depreciation and amortization	—	year only	—	—	—	year only	—	—	—	year only	—	—
Net cash from operating activities	46*	30*	78	24*	51*	16*	68	31*	60*	39*	87	29*
Purchases of property and equipment	10*	10*	9	11*	9*	11*	10	11*	11*	12*	10	14*
Net cash from investing activities	(7)*	(18)*	(1)	(5)*	(9)*	(49)*	(2)	(3)*	4*	9*	(10)	(12)*
Share repurchases	0*	0*	0	0*	5*	7*	32	28*	34*	45*	40	33*
Dividends paid	15*	15*	15	15*	15*	15*	15	14*	14*	14*	14	13*
Net cash from financing activities	(55)*	(15)*	(18)	(15)*	(81)*	(23)*	(56)	(42)*	(49)*	(59)*	(66)	(46)*
Net change in cash	(17)*	0*	56	6*	(36)*	(61)*	10	(12)*	16*	(11)*	11	(29)*

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
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
Laureate Education	190	485	152*	135.7M	—	Q3 FY26 10-QSep 30, 2026
Graham Holdings	154	1,326	160*	not reported	—	Q3 FY26 10-QSep 30, 2026
Universal Technical Institute	130	219	10*	55.1M	—	Q3 FY26 10-QJun 30, 2026
Covista	222	512	114	33.3M	—	Q1 FY27 10-QSep 30, 2026
Udemy	253	not reported	15	146.3M	—	Q1 FY26 10-QMar 31, 2026
Grand Canyon Education	171	264	109*	26.1M	—	Q2 FY26 10-QJun 30, 2026

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