Grand Canyon Education, Inc. (LOPE)

Grand Canyon Education Income Statement

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

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

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q