Strategic Education, Inc. (STRA) — Financial statements
Income statement, balance sheet, and cash flow for Strategic Education, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 1,268↑4.0% | 1,220↑7.7% | 1,133↑6.3% | 1,065↓5.9% | 1,132 | |
| Cost of Revenue | 647↓0.5% | 650↑4.3% | 624↑4.5% | 597↓1.8% | 608 | |
| Gross Profit | 621↑9.1% | 569↑11.9% | 509↑8.7% | 468↓10.6% | 523 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 311↓24.6% | 412↑106.7% | 199↓47.5% | 380↑93.5% | 196 | |
| Selling & Marketing Expenses | 0.00 | 0.00↓100.0% | 185 | 0.00↓100.0% | 165 | |
| SG&A Expenses | 311↓24.6% | 412↑7.2% | 384↑1.2% | 380↑5.1% | 361 | |
| Other Expenses | 114↑6828.5% | 2↓94.4% | 29↑66.4% | 18↓80.1% | 88 | |
| Operating Expenses | 425↑2.7% | 414↑0.0% | 414↑4.1% | 397↓11.6% | 450 | |
| Total Costs & Expenses | 1,072↑0.7% | 1,064↑2.6% | 1,038↑4.3% | 995↓6.0% | 1,058 | |
| Operating Results | ||||||
| Operating Income | 196↑26.0% | 156↑63.3% | 95↑34.7% | 71↓4.3% | 74 | |
| Depreciation & Amortization | 48↑9.1% | 44↓22.6% | 57↓9.2% | 63↓39.0% | 103 | |
| EBITDA | 226↑12.0% | 202↑18.3% | 170↑24.3% | 137↓35.9% | 214 | |
| EBIT | 177↑12.8% | 157↑39.0% | 113↑52.9% | 74↓33.1% | 111 | |
| Interest & Other Income | ||||||
| Net Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | 19↑1237.6% | -2↑90.7% | -18↓450.7% | -3↑91.2% | -37 | |
| Other Income / Expenses | -19↓423.0% | 6↑7.4% | 5↑553.8% | -1↓144.3% | 3 | |
| Income Before Tax | 177↑9.9% | 161↑60.3% | 101↑44.8% | 70↓9.2% | 77 | |
| Income Tax Expense | 51↑4.2% | 49↑57.6% | 31↑35.1% | 23↑6.4% | 22 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 127↑12.4% | 113↑61.5% | 70↑49.5% | 47↓15.3% | 55 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 127↑12.4% | 113↑61.5% | 70↑49.5% | 47↓15.3% | 55 | |
| Bottom-Line Net Income | 127↑12.4% | 113↑61.5% | 70↑49.5% | 47↓15.3% | 55 | |
| EPS (Basic) | 5.58↑16.0% | 4.81↑61.4% | 2.98↑51.3% | 1.97↓14.3% | 2.30 | |
| EPS (Diluted) | 5.42↑16.1% | 4.67↑60.5% | 2.91↑50.0% | 1.94↓14.9% | 2.28 | |
| Weighted Average Shares | 22↓5.2% | 23↑0.0% | 23↓1.2% | 24↓1.2% | 24 | |
| Weighted Average Diluted Shares | 23↓5.5% | 24↑0.8% | 24↓0.2% | 24↓0.5% | 24 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.