Strategic Education, Inc.
Strategic Education, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 124 | 150 | 141 | 151 | 134 | 144 | 137 | 196 | 230 | 222 | 168 | 168 | |||||
Marketable Securities Current | 5 | 7 | 7 | 21 | 31 | 38 | 47 | 26 | 26 | 31 | 40 | 29 | |||||
Accounts Receivable Net Current | 101 | 86 | 78 | 115 | 98 | 90 | 76 | 106 | 90 | 83 | 76 | 97 | |||||
Income Taxes Receivable | 5 | 0 | 3 | 2 | 1 | - | 0 | - | - | - | - | 8 | |||||
Assets Of Disposal Group Including Discontinued Op… | - | - | - | 2 | - | - | - | - | - | - | - | - | |||||
Other Assets Current | 56 | 60 | 49 | 54 | 56 | 55 | 45 | 56 | 53 | 54 | 45 | 49 | |||||
Assets Current | 290 | 304 | 278 | 346 | 320 | 328 | 305 | 384 | 399 | 390 | 329 | 351 | |||||
Property Plant And Equipment Net | 110 | 106 | 107 | 108 | 111 | 110 | 111 | 116 | 116 | 116 | 119 | 118 | |||||
Operating Lease Right Of Use Asset | 87 | 90 | 91 | 96 | 100 | 100 | 104 | 117 | 112 | 115 | 119 | 111 | |||||
Marketable Securities Noncurrent | 5 | 5 | 5 | 10 | 15 | 15 | 15 | 0 | 0 | 0 | 0 | 2 | |||||
Intangible Assets Net Excluding Goodwill | 251 | 250 | 249 | 249 | 248 | 245 | 245 | 252 | 249 | 249 | 252 | 250 | |||||
Goodwill | 1,259 | 1,256 | 1,242 | 1,237 | 1,231 | 1,210 | 1,207 | 1,261 | 1,241 | 1,230 | 1,252 | 1,228 | |||||
Other Assets Noncurrent | 68 | 67 | 66 | 66 | 66 | 66 | 63 | 59 | 60 | 55 | 54 | 55 | |||||
Assets | 2,069 | 2,078 | 2,039 | 2,112 | 2,092 | 2,074 | 2,050 | 2,188 | 2,178 | 2,155 | 2,125 | 2,114 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable And Accrued Liabilities Current | 117 | 115 | 106 | 113 | 99 | 103 | 102 | 107 | 94 | 99 | 91 | 102 | |||||
Taxes Payable Current | - | 1 | 0 | 0 | 0 | 10 | 3 | 2 | 2 | 11 | 2 | 0 | |||||
Contract With Customer Liability Current | 133 | 132 | 96 | 152 | 135 | 127 | 90 | 154 | 134 | 129 | 92 | 140 | |||||
Operating Lease Liability Current | 15 | 14 | 16 | 18 | 20 | 20 | 22 | 23 | 24 | 23 | 24 | 23 | |||||
Long Term Debt Noncurrent | - | - | - | - | - | - | 0 | 0 | 61 | 61 | 61 | 61 | |||||
Liabilities Current | 265 | 263 | 218 | 283 | 254 | 259 | 216 | 286 | 253 | 262 | 210 | 265 | |||||
Deferred Income Tax Liabilities Net | 34 | 39 | 36 | 31 | 28 | 31 | 28 | 26 | 28 | 30 | 28 | 28 | |||||
Operating Lease Liability Noncurrent | 92 | 95 | 93 | 99 | 100 | 99 | 103 | 116 | 112 | 116 | 128 | 121 | |||||
Other Liabilities Noncurrent | 45 | 47 | 45 | 42 | 42 | 41 | 40 | 43 | 45 | 43 | 46 | 43 | |||||
Liabilities | 435 | 444 | 392 | 456 | 425 | 431 | 387 | 471 | 499 | 513 | 473 | 519 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 1,378 | 1,399 | 1,437 | 1,467 | 1,489 | 1,503 | 1,532 | 1,530 | 1,526 | 1,519 | 1,518 | 1,513 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -28 | -31 | -46 | -53 | -59 | -85 | -89 | -23 | -47 | -61 | -34 | -63 | |||||
Retained Earnings Accumulated Deficit | 283 | 266 | 255 | 241 | 236 | 225 | 218 | 210 | 199 | 184 | 169 | 144 | |||||
Stockholders Equity | 1,634 | 1,634 | 1,646 | 1,656 | 1,667 | 1,643 | 1,662 | 1,717 | 1,678 | 1,643 | 1,653 | 1,595 | |||||
Liabilities And Stockholders Equity | 2,069 | 2,078 | 2,039 | 2,112 | 2,092 | 2,074 | 2,050 | 2,188 | 2,178 | 2,155 | 2,125 | 2,114 | |||||
Common Stock Par Or Stated Value Per Share | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | |||||
Common Stock Shares Authorized | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | 32 | |||||
Common Stock Shares Issued | 22 | 23 | 23 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 24 | 24 | |||||
Shares Outstanding | 22 | 23 | 23 | 24 | 24 | 24 | 25 | 25 | 25 | 25 | 24 | 24 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.14% | 8.05% | 17.50% | - | - | - | - | - | - | - | - | - |
| 2025 | 12.83% | 5.64% | 0.94% | 10.49% | 11.26% | 9.18% | 3.60% | 8.59% | 14.57% | -1.18% | 1.87% | -3.54% |
| 2024 | 1.75% | -7.11% | -4.45% | -7.60% | -10.98% | -15.84% | 0.30% | -5.21% | -1.50% | 3.97% | 1.07% | 13.97% |
| 2023 | - | - | - | - | - | - | 5.51% | 9.63% | 10.58% | -5.89% | -10.94% | 8.11% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.10 | 1.16 | 1.27 | 1.22 | 1.26 | 1.27 | 1.41 | 1.34 | 1.57 | 1.49 | 1.57 | 1.32 | |||||
| Quick Ratio | 1.10 | 1.16 | 1.27 | 1.22 | 1.26 | 1.27 | 1.41 | 1.34 | 1.57 | 1.49 | 1.57 | 1.32 | |||||
| Working Capital | 25.32M | 40.91M | 59.91M | 62.95M | 65.46M | 68.85M | 88.48M | 97.67M | 145.43M | 128.72M | 119.45M | 85.14M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.27 | 0.27 | 0.24 | 0.28 | 0.25 | 0.26 | 0.23 | 0.27 | 0.30 | 0.31 | 0.29 | 0.33 | |||||
| Debt Ratio | 0.21 | 0.21 | 0.19 | 0.22 | 0.20 | 0.21 | 0.19 | 0.22 | 0.23 | 0.24 | 0.22 | 0.25 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.62 | 0.61 | 0.62 | 0.58 | 0.58 | 0.58 | 0.58 | 0.56 | 0.55 | 0.54 | 0.53 | 0.51 | |||||
| Days Sales Outstanding TTM | 28.20 | 25.35 | 22.21 | 32.05 | 27.54 | 25.66 | 22.77 | 30.62 | 26.35 | 24.24 | 22.40 | 29.71 | |||||
| Receivables Turnover TTM | 12.95 | 14.40 | 16.44 | 11.39 | 13.25 | 14.22 | 16.03 | 11.92 | 13.85 | 15.06 | 16.29 | 12.29 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 6.19 | 5.85 | 5.41 | 4.91 | 4.90 | 4.68 | 4.67 | 5.23 | 4.85 | 4.22 | 2.91 | 2.05 | |||||
| Free Cash Flow Per Share TTM | 7.88 | 8.04 | 6.77 | 5.83 | 5.43 | 5.04 | 5.50 | 6.17 | 5.94 | 5.20 | 3.43 | 2.16 | |||||
| Dividend Per Share TTM | 2.58 | 2.61 | 2.53 | 2.57 | 2.56 | 2.53 | 2.52 | 2.51 | 2.51 | 2.51 | 2.51 | 2.52 | |||||
Margin Metrics | |||||||||||||||||
| Operating Profit Margin TTM | 14.01% | 13.81% | 13.74% | 12.62% | 12.71% | 12.49% | 12.76% | 14.35% | 13.70% | 11.83% | 8.41% | 6.25% | |||||
| Net Profit Margin TTM | 10.46% | 10.21% | 9.98% | 9.08% | 9.27% | 9.14% | 9.24% | 10.44% | 9.84% | 8.70% | 6.16% | 4.45% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 3.53% | 3.02% | 3.96% | 3.74% | 4.31% | 5.72% | 7.68% | 10.09% | 10.56% | 9.72% | 6.33% | 3.05% | |||||
| Net Income Growth (1Y) | 16.80% | 15.04% | 12.36% | -9.83% | -1.73% | 11.04% | 61.46% | 158.16% | 219.98% | 169.91% | 49.54% | -2.06% | |||||
| EPS Growth (1Y) | 25.13% | 24.08% | 15.61% | -6.49% | 0.57% | 11.38% | 61.44% | 157.54% | 220.09% | 170.36% | 51.31% | -1.28% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 12.18 | 13.73 | 14.20 | 16.65 | 16.43 | 16.74 | 18.57 | 16.30 | 20.92 | 22.56 | 28.96 | 33.33 | |||||
| P/B TTM | 1.00 | 1.09 | 1.09 | 1.15 | 1.14 | 1.15 | 1.26 | 1.20 | 1.46 | 1.39 | 1.22 | 1.02 | |||||
| P/S TTM | 1.27 | 1.40 | 1.42 | 1.51 | 1.52 | 1.53 | 1.72 | 1.70 | 2.06 | 1.96 | 1.78 | 1.48 | |||||
| Market Cap | 1.64B | 1.78B | 1.80B | 1.90B | 1.89B | 1.89B | 2.09B | 2.06B | 2.45B | 2.29B | 2.02B | 1.63B | |||||
| Enterprise Value | 1.51B | 1.62B | 1.65B | 1.74B | 1.75B | 1.73B | 1.95B | 1.85B | 2.27B | 2.11B | 1.90B | 1.51B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 168.59M | 173.92M | 153.95M | 131.66M | 124.46M | 117.65M | 128.75M | 144.40M | 139.24M | 121.65M | 80.18M | 50.51M | |||||
| Net Debt | -132.15M | -160.82M | -149.51M | -160.51M | -144.98M | -156.58M | -146.66M | -207.62M | -182.76M | -176.57M | -120.53M | -120.20M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| PEG Ratio | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| EV FCF TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
Strategic Education, Inc. (STRA) — SEC Financial Statements & Analysis
Strategic Education, Inc. (STRA) is a services-educational services company, incorporated in MD. Strategic Education, Inc. trades on Nasdaq as: STRA. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Strategic Education, Inc. reported a 3.53% year-over-year revenue growth, a Debt-to-Equity ratio of 0.27x, a Price-to-Sales (P/S) ratio of 1.27x (TTM), a Price-to-Book (P/B) ratio of 1.00x (TTM), at a market cap of $1.64B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 3.53%
- Debt To Equity
- 0.27x
- P/S TTM
- 1.27x
- P/B TTM
- 1.00x
- Market Cap
- $1.64B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is Strategic Education, Inc. in?
Strategic Education, Inc. (STRA) operates in the Services-Educational Services industry.
What is STRA's market cap?
Strategic Education, Inc. (STRA) has a market capitalization of $1.64B as of 2026-06-30.
What is STRA's P/E ratio?
Strategic Education, Inc. (STRA)'s trailing twelve month P/E ratio is 12.18x as of 2026-06-30.
What exchange does STRA trade on?
Strategic Education, Inc. (STRA) trades on the Nasdaq.
Where is Strategic Education, Inc. incorporated?
Strategic Education, Inc. is incorporated in MD.