Strategic Education, Inc. (STRA)
NASDAQ: STRA · Real-Time Price · USD
52.20
-6.27 (-10.72%)
At close: Nov 6, 2026, 4:00 PM EST
52.47
+0.27 (0.52%)
Pre-market: Nov 9, 2026, 5:53 AM EST
Strategic Education Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Net Income | 9.57 | 126.61 | 112.68 | 69.79 | 46.67 | 55.09 |
Depreciation & Amortization | 45.91 | 45.53 | 44.2 | 54.33 | 57.44 | 94.18 |
Other Amortization | 0.43 | 0.43 | 0.67 | 3.16 | 3.75 | 7.75 |
Loss (Gain) From Sale of Assets | - | - | - | -2.14 | -2.89 | -2.66 |
Asset Writedown & Restructuring Costs | 135.56 | 7.57 | 0.86 | 5.52 | 3.67 | 20.91 |
Loss (Gain) From Sale of Investments | -0.03 | -0.43 | -0.29 | -0.07 | 0.03 | 0.85 |
Stock-Based Compensation | 21.75 | 22.95 | 25.57 | 19.77 | 21.79 | 18.15 |
Other Operating Activities | 0.16 | 5.54 | -6.32 | -6.46 | -9.85 | -7.71 |
Change in Accounts Receivable | 1.12 | -1.09 | 0.22 | -12.87 | -12.56 | -0.2 |
Change in Accounts Payable | 13.81 | 4.22 | 11.58 | 0.55 | -4.34 | -6.7 |
Change in Unearned Revenue | -7.6 | 6.06 | -2.95 | 4.5 | 18.96 | 14 |
Change in Income Taxes | -3.16 | -5.56 | 1.07 | -4.69 | 7.58 | 1.2 |
Change in Other Net Operating Assets | -4.81 | -13.63 | -17.96 | -14.27 | -4.21 | -14.33 |
Operating Cash Flow | 212.69 | 198.2 | 169.33 | 117.12 | 126.05 | 180.53 |
Operating Cash Flow Growth | 21.60% | 17.05% | 44.58% | -7.09% | -30.18% | 26.33% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Capital Expenditures | -49.07 | -44.25 | -40.58 | -36.94 | -43.17 | -49.43 |
Sale of Property, Plant & Equipment | 2.2 | 2.2 | - | 5.89 | 6.53 | 8.33 |
Cash Acquisitions | - | -0.04 | -0.18 | -0.53 | -0.8 | - |
Investment in Securities | 19.37 | 50.59 | -23.6 | -16.96 | 6.09 | 8.01 |
Investing Cash Flow | -27.56 | 8.51 | -64.36 | -48.55 | -31.36 | -33.09 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Long-Term Debt Repaid | - | - | -61.28 | -40 | -40 | - |
Net Debt Issued (Repaid) | - | - | -61.28 | -40 | -40 | - |
Repurchase of Common Stock | -145.85 | -138.89 | -11.51 | -10 | -43.12 | -5.91 |
Common Dividends Paid | -54.21 | -57.54 | -58.97 | -58.78 | -59.24 | -59.05 |
Other Financing Activities | -12.5 | -9.72 | -5.02 | -4.83 | - | -2.94 |
Financing Cash Flow | -212.56 | -206.16 | -136.77 | -113.61 | -142.36 | -67.89 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Foreign Exchange Rate Adjustments | -0.03 | 2.31 | -3.47 | -0.5 | -4.09 | -2.35 |
Net Cash Flow | -27.46 | 2.86 | -35.27 | -45.53 | -51.76 | 77.19 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 |
Free Cash Flow | 163.63 | 153.95 | 128.75 | 80.18 | 82.88 | 131.09 |
Free Cash Flow Growth | 24.28% | 19.57% | 60.59% | -3.26% | -36.78% | 36.42% |
Free Cash Flow Margin | 12.67% | 12.14% | 10.55% | 7.08% | 7.78% | 11.58% |
Free Cash Flow Per Share | 7.54 | 6.58 | 5.33 | 3.35 | 3.45 | 5.43 |
Levered Free Cash Flow | 147.71 | 145.53 | 134.53 | 91.26 | 85.94 | 139.71 |
Unlevered Free Cash Flow | 147.91 | 145.73 | 136.23 | 95.2 | 88.96 | 141.41 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 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 Interest Paid | 0.5 | 0.5 | 3.2 | 6.8 | 4.2 | 2.7 |
Cash Income Tax Paid | 52.45 | 48.85 | 49.2 | 42.9 | 26.8 | 27.3 |
Change in Working Capital | -0.64 | -10 | -8.05 | -26.79 | 5.44 | -6.04 |