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	Jun '25 Jun 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	1,068	1,033	960.9	911.31	896.56	844.1	Upgrade
Revenue Growth (YoY)	6.52%	7.50%	5.44%	1.64%	6.22%	8.41%	Upgrade
Cost of Revenue	502.1	488.57	457.19	423.81	381.26	350.55	Upgrade
Gross Profit	565.58	544.43	503.71	487.5	515.31	493.55	Upgrade
Selling, General & Admin	267.25	258.72	246.04	241.58	224.7	207.69	Upgrade
Operating Expenses	275.67	267.14	254.45	250	233.12	216.11	Upgrade
Operating Income	289.91	277.3	249.26	237.5	282.19	277.44	Upgrade
Interest Expense	-	-0	-0.03	-0	-3.6	-4.4	Upgrade
Interest & Investment Income	14.69	15.92	10.45	2.62	52.7	60.11	Upgrade
EBT Excluding Unusual Items	304.6	293.21	259.68	240.12	331.29	333.14	Upgrade
Asset Writedown	-1.9	-1.9	-	-	-	-	Upgrade
Pretax Income	302.7	291.32	259.68	240.12	331.29	333.14	Upgrade
Income Tax Expense	66.19	65.08	54.69	55.44	70.95	75.94	Upgrade
Net Income	236.51	226.23	204.99	184.68	260.34	257.2	Upgrade
Net Income to Common	236.51	226.23	204.99	184.68	260.34	257.2	Upgrade
Net Income Growth	7.83%	10.37%	11.00%	-29.07%	1.22%	-0.76%	Upgrade
Shares Outstanding (Basic)	28	29	30	32	44	47	Upgrade
Shares Outstanding (Diluted)	29	29	30	32	44	47	Upgrade
Shares Change (YoY)	-3.44%	-2.91%	-6.48%	-26.66%	-6.80%	-2.28%	Upgrade
EPS (Basic)	8.30	7.77	6.83	5.75	5.94	5.49	Upgrade
EPS (Diluted)	8.26	7.73	6.80	5.73	5.92	5.45	Upgrade
EPS Growth	11.89%	13.68%	18.67%	-3.21%	8.62%	1.49%	Upgrade
Free Cash Flow	261.2	252.71	199.13	185.59	94.24	204.41	Upgrade
Free Cash Flow Per Share	9.11	8.63	6.61	5.76	2.14	4.33	Upgrade
Gross Margin	52.97%	52.70%	52.42%	53.50%	57.48%	58.47%	Upgrade
Operating Margin	27.15%	26.84%	25.94%	26.06%	31.47%	32.87%	Upgrade
Profit Margin	22.15%	21.90%	21.33%	20.27%	29.04%	30.47%	Upgrade
Free Cash Flow Margin	24.46%	24.46%	20.72%	20.36%	10.51%	24.22%	Upgrade
EBITDA	328.14	313.85	281.23	268.68	312.6	307.09	Upgrade
EBITDA Margin	30.73%	30.38%	29.27%	29.48%	34.87%	36.38%	Upgrade
D&A For EBITDA	38.23	36.55	31.97	31.18	30.41	29.65	Upgrade
EBIT	289.91	277.3	249.26	237.5	282.19	277.44	Upgrade
EBIT Margin	27.15%	26.84%	25.94%	26.06%	31.47%	32.87%	Upgrade
Effective Tax Rate	21.87%	22.34%	21.06%	23.09%	21.41%	22.80%	Upgrade

Updated Aug 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q