Strategic Education Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,271	1,268	1,220	1,133	1,065	1,132
Revenue Growth (YoY)	3.02%	3.96%	7.68%	6.33%	-5.85%	10.12%
Gross Profit	1,271	1,268	1,220	1,133	1,065	1,132
Selling, General & Admin	429.34	424.97	412.16	384.44	379.82	361.35
Depreciation & Amortization Expenses	-	-	-	11.46	14.35	51.5
Other Operating Expenses	665.69	669.02	652.14	641.7	600.55	644.93
Total Operating Expenses	1,095	1,094	1,064	1,038	994.72	1,058
Operating Income	175.52	174.23	155.63	95.32	70.76	73.91
Total Non-Operating Income (Expense)	2.16	3.16	5.8	5.41	-1.19	2.69
Pretax Income	177.68	177.39	161.43	100.73	69.57	76.6
Provision for Income Taxes	48	50.78	48.75	30.94	22.9	21.51
Net Income	129.68	126.61	112.68	69.79	46.67	55.09
Net Income to Common	129.68	126.61	112.68	69.79	46.67	55.09
Net Income Growth	15.04%	12.36%	61.46%	49.54%	-15.28%	-36.14%
Shares Outstanding (Basic)	22	23	23	23	24	24
Shares Outstanding (Diluted)	23	23	24	24	24	24
Shares Change (YoY)	-5.02%	-3.06%	0.77%	-0.18%	-0.51%	5.52%
EPS (Basic)	5.82	5.57	4.81	2.98	1.97	2.30
EPS (Diluted)	5.66	5.41	4.67	2.91	1.94	2.28
EPS Growth	20.94%	15.85%	60.48%	50.00%	-14.91%	-39.52%
Shares Outstanding	22.61	22.97	24.5	24.41	24.4	24.59
Free Cash Flow	173.92	153.95	128.75	80.18	82.88	131.09
Free Cash Flow Growth	12.97%	19.57%	60.59%	-3.26%	-36.78%	36.42%
Free Cash Flow Per Share	7.59	6.58	5.33	3.35	3.45	5.43
Dividends Per Share	2.400	2.400	2.400	2.400	2.400	2.400
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	13.81%	13.74%	12.76%	8.41%	6.64%	6.53%
Profit Margin	10.21%	9.98%	9.24%	6.16%	4.38%	4.87%
FCF Margin	13.69%	12.14%	10.55%	7.08%	7.78%	11.58%
EBITDA	223.66	222.64	200.01	152.63	133.88	177.33
EBITDA Margin	17.60%	17.56%	16.39%	13.47%	12.57%	15.67%
EBIT	175.52	174.23	155.63	95.32	70.76	73.91
EBIT Margin	13.81%	13.74%	12.76%	8.41%	6.64%	6.53%
Effective Tax Rate	27.01%	28.63%	30.20%	30.71%	32.92%	28.08%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q