Grand Canyon Education Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	1,091	1,033	960.9	911.31	896.56	844.1	Upgrade
Revenue Growth (YoY)	7.05%	7.50%	5.44%	1.64%	6.22%	8.41%	Upgrade
Cost of Revenue	512.29	488.57	457.19	423.81	381.26	350.55	Upgrade
Gross Profit	578.24	544.43	503.71	487.5	515.31	493.55	Upgrade
Selling, General & Admin	272.65	258.72	246.04	241.58	224.7	207.69	Upgrade
Amortization of Goodwill & Intangibles	8.42	8.42	8.42	8.42	8.42	8.42	Upgrade
Operating Expenses	281.07	267.14	254.45	250	233.12	216.11	Upgrade
Operating Income	297.17	277.3	249.26	237.5	282.19	277.44	Upgrade
Interest Expense	-0	-0	-0.03	-0	-3.6	-4.4	Upgrade
Interest & Investment Income	14.17	15.92	10.45	2.62	52.7	60.11	Upgrade
EBT Excluding Unusual Items	311.34	293.21	259.68	240.12	331.29	333.14	Upgrade
Asset Writedown	-1.9	-1.9	-	-	-	-	Upgrade
Other Unusual Items	-2.41	-	-	-	-	-	Upgrade
Pretax Income	272.03	291.32	259.68	240.12	331.29	333.14	Upgrade
Income Tax Expense	60.71	65.08	54.69	55.44	70.95	75.94	Upgrade
Net Income	211.32	226.23	204.99	184.68	260.34	257.2	Upgrade
Net Income to Common	211.32	226.23	204.99	184.68	260.34	257.2	Upgrade
Net Income Growth	-6.11%	10.37%	11.00%	-29.07%	1.22%	-0.76%	Upgrade
Shares Outstanding (Basic)	28	29	30	32	44	47	Upgrade
Shares Outstanding (Diluted)	28	29	30	32	44	47	Upgrade
Shares Change (YoY)	-3.91%	-2.91%	-6.48%	-26.66%	-6.80%	-2.28%	Upgrade
EPS (Basic)	7.50	7.77	6.83	5.75	5.94	5.49	Upgrade
EPS (Diluted)	7.46	7.73	6.80	5.73	5.92	5.45	Upgrade
EPS Growth	-2.31%	13.68%	18.67%	-3.21%	8.62%	1.49%	Upgrade
Free Cash Flow	241.85	252.71	199.13	185.59	94.24	204.41	Upgrade
Free Cash Flow Per Share	8.53	8.63	6.61	5.76	2.14	4.33	Upgrade
Gross Margin	53.02%	52.70%	52.42%	53.50%	57.48%	58.47%	Upgrade
Operating Margin	27.25%	26.84%	25.94%	26.06%	31.47%	32.87%	Upgrade
Profit Margin	19.38%	21.90%	21.33%	20.27%	29.04%	30.47%	Upgrade
Free Cash Flow Margin	22.18%	24.46%	20.72%	20.36%	10.51%	24.22%	Upgrade
EBITDA	336.34	313.85	281.23	268.68	312.6	307.09	Upgrade
EBITDA Margin	30.84%	30.38%	29.27%	29.48%	34.87%	36.38%	Upgrade
D&A For EBITDA	39.17	36.55	31.97	31.18	30.41	29.65	Upgrade
EBIT	297.17	277.3	249.26	237.5	282.19	277.44	Upgrade
EBIT Margin	27.25%	26.84%	25.94%	26.06%	31.47%	32.87%	Upgrade
Effective Tax Rate	22.32%	22.34%	21.06%	23.09%	21.41%	22.80%	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q