Grand Canyon Education, Inc. (LOPE)

Grand Canyon Education Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	171.06	111.76	324.62	146.48	120.41	600.94
Short-Term Investments	103.47	188.32	-	98.03	61.3	-
Cash & Short-Term Investments	274.53	300.08	324.62	244.51	181.7	600.94
Cash Growth	-26.58%	-7.56%	32.77%	34.56%	-69.76%	134.19%
Accounts Receivable	34.24	84.28	82.95	78.81	77.41	70.06
Other Receivables	7.86	2.39	0.49	1.32	2.79	1.28
Receivables	42.1	86.67	83.44	80.13	80.2	71.34
Other Current Assets	14.83	13.43	11.92	12.89	11.37	8.77
Total Current Assets	331.46	400.18	419.98	337.52	273.27	681.05
Property, Plant & Equipment	274.82	275.53	276.36	262.15	220.22	193.77
Goodwill	160.77	160.77	160.77	160.77	160.77	160.77
Other Intangible Assets	147.33	151.54	159.96	168.38	176.8	185.22
Long-Term Deferred Charges	0.34	0.41	0.66	0.75	0.91	1.17
Other Long-Term Assets	4.47	3.88	0.7	0.9	0.78	0.78
Total Assets	919.18	992.31	1,018	930.46	832.75	1,223

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	16.78	24.35	26.72	17.68	20.01	24.31
Accrued Expenses	70.32	50.66	48.18	44.45	43.02	46.2
Current Portion of Leases	15.35	14.57	12.88	11.02	8.65	7.43
Current Income Taxes Payable	0.07	3.36	8.56	10.25	12.17	5.9
Current Unearned Revenue	15.12	-	-	-	-	0.01
Other Current Liabilities	-	16.82	14.63	13.63	15.86	14.11
Total Current Liabilities	117.64	109.75	110.97	97.03	99.71	97.94
Long-Term Leases	88.87	92.76	95.64	88.26	68.79	53.76
Long-Term Deferred Tax Liabilities	41.84	41.43	26.53	26.75	26.2	25.96
Other Long-Term Liabilities	1.33	1.44	1.44	0.41	0.44	0.04
Total Liabilities	249.67	245.37	234.57	212.45	195.13	177.7

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.54	0.54	0.54	0.54	0.54	0.54
Additional Paid-In Capital	357.43	350.37	336.74	322.51	309.31	296.67
Retained Earnings	2,808	2,687	2,471	2,245	2,040	1,855
Treasury Stock	-2,497	-2,292	-2,024	-1,850	-1,711	-1,107
Comprehensive Income & Other	-0.15	0.51	-	-0.06	-0.53	-
Shareholders' Equity	669.51	746.93	783.85	718.01	637.62	1,045
Total Liabilities & Equity	919.18	992.31	1,018	930.46	832.75	1,223

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	104.21	107.32	108.52	99.28	77.44	61.18
Net Cash (Debt)	170.31	192.76	216.11	145.23	104.26	539.76
Net Cash Growth	-35.99%	-10.80%	48.81%	39.29%	-80.68%	536.28%
Net Cash Per Share	6.27	6.88	7.38	4.82	3.23	12.28
Filing Date Shares Outstanding	25.73	26.81	28.32	29.57	30.56	34.9
Total Common Shares Outstanding	25.9	27.06	28.46	29.5	30.58	37.3
Working Capital	213.82	290.43	309.01	240.49	173.57	583.1
Book Value Per Share	25.85	27.60	27.55	24.34	20.85	28.02
Tangible Book Value	361.41	434.62	463.13	388.87	300.05	699.06
Tangible Book Value Per Share	13.95	16.06	16.28	13.18	9.81	18.74
Land	5.1	5.1	5.1	5.1	5.1	5.58
Buildings	91.69	90.56	88.82	85.61	73.31	68.56
Machinery	175.22	173.05	170.88	165.69	140.64	131.6
Construction In Progress	8.44	4.35	6.39	10.27	16.34	3.38

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Jul 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 26, 2026

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