Grand Canyon Education, Inc. (LOPE) — Financial statements
Income statement, balance sheet, and cash flow for Grand Canyon Education, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,106↑7.1% | 1,033↑7.5% | 961↑5.4% | 911↑1.6% | 897 | |
| Cost of Revenue | 526↑7.7% | 489↑6.9% | 457↑7.9% | 424↑11.2% | 381 | |
| Gross Profit | 580↑6.5% | 544↑8.1% | 504↑3.3% | 488↓5.4% | 515 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 47↑2.4% | 46↑7.1% | 43↓5.0% | 45↑8.8% | 42 | |
| Selling & Marketing Expenses | 229↑7.9% | 212↑4.7% | 203↑3.4% | 196↑7.2% | 183 | |
| SG&A Expenses | 277↑6.9% | 259↑5.2% | 246↑1.8% | 242↑7.5% | 225 | |
| Other Expenses | -0.30↓102.9% | 10↑22.5% | 8↑0.0% | 8↑0.0% | 8 | |
| Operating Expenses | 276↑2.7% | 269↑5.7% | 254↑1.8% | 250↑7.2% | 233 | |
| Total Costs & Expenses | 802↑5.9% | 758↑6.5% | 712↑5.6% | 674↑9.7% | 614 | |
| Operating Results | ||||||
| Operating Income | 304↑10.2% | 275↑10.5% | 249↑4.9% | 238↓15.8% | 282 | |
| Depreciation & Amortization | 40↑9.2% | 37↑14.3% | 32↑2.6% | 31↑2.5% | 30 | |
| EBITDA | 344↑4.8% | 328↑12.4% | 292↑7.5% | 271↓25.7% | 365 | |
| EBIT | 304↑4.2% | 291↑12.2% | 260↑8.2% | 240↓28.3% | 335 | |
| Interest & Other Income | ||||||
| Net Interest Income | 14↓12.4% | 16↑52.8% | 10↑297.8% | 3↓94.7% | 49 | |
| Interest Income | 14↓12.4% | 16↑52.3% | 10↑298.8% | 3↓95.0% | 53 | |
| Interest Expense | 0.00↓100.0% | 0.00↓87.9% | 0.03↑1550.0% | 0.00↓99.9% | 4 | |
| Non-Operating Income | 0.00↑100.0% | -16↓52.3% | -10↓298.8% | -3↑95.0% | -53 | |
| Other Income / Expenses | -24↓249.3% | 16↑52.8% | 10↑297.8% | 3↓94.7% | 49 | |
| Income Before Tax | 280↓3.9% | 291↑12.2% | 260↑8.1% | 240↓27.5% | 331 | |
| Income Tax Expense | 64↓2.2% | 65↑19.0% | 55↓1.4% | 55↓21.8% | 71 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 216↓4.4% | 226↑10.4% | 205↑11.0% | 185↓29.1% | 260 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 216↓4.4% | 226↑10.4% | 205↑11.0% | 185↓29.1% | 260 | |
| Bottom-Line Net Income | 216↓4.4% | 226↑10.4% | 205↑11.0% | 185↓29.1% | 260 | |
| EPS (Basic) | 7.76↓0.1% | 7.77↑13.8% | 6.83↑18.8% | 5.75↓3.2% | 5.94 | |
| EPS (Diluted) | 7.71↓0.3% | 7.73↑13.7% | 6.80↑18.7% | 5.73↓3.2% | 5.92 | |
| Weighted Average Shares | 28↓4.3% | 29↓3.0% | 30↓6.7% | 32↓26.7% | 44 | |
| Weighted Average Diluted Shares | 28↓4.3% | 29↓2.9% | 30↓6.5% | 32↓26.7% | 44 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.