Strategic Education Balance Sheet

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	Jun '26 Jun 30, 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
Cash & Equivalents	123.76	140.76	137.07	168.48	213.67	268.92
Short-Term Investments	5	7.3	46.95	39.73	9.16	6.5
Cash & Short-Term Investments	128.75	148.05	184.02	208.21	222.82	275.42
Cash Growth	-21.95%	-19.55%	-11.62%	-6.56%	-19.10%	41.19%
Accounts Receivable	100.86	78.2	76.13	76.1	62.95	51.28
Other Receivables	4.77	2.51	-	-	-	0.31
Receivables	105.63	80.71	76.13	76.1	62.95	51.59
Prepaid Expenses	26.85	22.97	20.84	20.03	19.07	17.86
Restricted Cash	7.89	8.25	9.08	12.94	13.29	9.79
Other Current Assets	21	17.87	14.87	11.79	10.93	13.12
Total Current Assets	290.12	277.86	304.94	329.07	329.06	367.79
Property, Plant & Equipment	196.57	198.51	214.92	237.73	258.09	300.18
Long-Term Investments	17.58	17.26	31.2	19.36	30.4	42.54
Goodwill	1,259	1,242	1,207	1,252	1,251	1,286
Other Intangible Assets	250.78	249.24	245.1	251.62	260.54	276.38
Long-Term Accounts Receivable	6	6.22	7.04	2.52	2.67	2.47
Long-Term Deferred Charges	28.44	27.09	19.14	12.81	7.51	5.96
Other Long-Term Assets	20.83	19.95	20.52	20.22	22.2	24.72
Total Assets	2,069	2,039	2,050	2,125	2,162	2,306
Accounts Payable	56.74	55.99	55.73	49.25	45.83	45.34
Accrued Expenses	60.43	49.81	46.02	41.64	44.76	50.18
Current Portion of Leases	14.62	15.91	22.22	24.19	23.88	27.01
Current Income Taxes Payable	-	-	2.93	2.2	6.99	-
Current Unearned Revenue	133.01	96.25	89.56	92.34	88.49	73.23
Total Current Liabilities	264.8	217.94	216.46	209.62	209.94	195.76
Long-Term Debt	-	-	-	61.4	101.4	141.63
Long-Term Leases	92.09	93.22	103	127.74	134.01	162.82
Long-Term Unearned Revenue	36.11	35.58	34.51	37.19	36.54	34.7
Long-Term Deferred Tax Liabilities	33.53	35.84	27.59	28.34	34.61	44.6
Other Long-Term Liabilities	8.75	9.56	5.68	8.42	9.47	12.39
Total Liabilities	435.28	392.13	387.24	472.7	525.96	591.89
Common Stock	0.22	0.23	0.25	0.24	0.24	0.25
Additional Paid-In Capital	1,378	1,437	1,532	1,518	1,511	1,530
Retained Earnings	283.25	255.5	218.41	168.87	159.69	174.57
Comprehensive Income & Other	-27.53	-46.12	-88.57	-34.25	-35.07	9.2
Shareholders' Equity	1,634	1,646	1,662	1,653	1,636	1,714
Total Liabilities & Equity	2,069	2,039	2,050	2,125	2,162	2,306
Total Debt	106.71	109.12	125.23	213.33	259.28	331.46
Net Cash (Debt)	27.04	43.93	73.78	-4.63	-23.34	-32.66
Net Cash Growth	-54.66%	-40.45%	-	-	-	-
Net Cash Per Share	1.20	1.88	3.06	-0.19	-0.97	-1.35
Filing Date Shares Outstanding	21.96	22.49	24.26	24.16	24.16	24.35
Total Common Shares Outstanding	21.96	22.72	24.16	24.16	24.16	24.35
Working Capital	25.32	59.91	88.48	119.45	119.12	172.03
Book Value Per Share	74.38	72.45	68.81	68.39	67.71	70.40
Tangible Book Value	124.27	154.75	210.52	149.01	123.97	151.75
Tangible Book Value Per Share	5.66	6.81	8.71	6.17	5.13	6.23
Land	-	-	1.5	1.5	3.6	5.38
Buildings	-	-	6.19	6.71	9.86	16.69
Machinery	-	52.17	52.34	52.86	53.69	85.23
Construction In Progress	-	8.24	8.01	6.53	7.02	9.25
Leasehold Improvements	-	65.29	67.86	72.35	70.92	71.63

SEC Filings: 10-K · 10-Q