Strategic Education, Inc.
STRA- Exchange
- Nasdaq
- Industry
- Services-Educational Services
- SEC CIK
- 0001013934
In the last 90 days, Strategic Education, Inc. insiders filed 2 open-market purchases and 0 sales; 293 institutions reported holding it in 13F filings for Q2 2026, worth $1.69B in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:36 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 29, 2024 | Feb 22, 2023 | Feb 25, 2022 |
| Revenue | $1.27B | $1.22B | $1.13B | $1.07B | $1.13B |
| Selling, general and administrative | $425.0M | $412.2M | $384.4M | $379.8M | $361.3M |
| Operating income | $174.2M | $155.6M | $95.3M | $70.8M | $73.9M |
| Income tax | $50.8M | $48.7M | $30.9M | $22.9M | $21.5M |
| Net income | $126.6M | $112.7M | $69.8M | $46.7M | $55.1M |
| EPS, basic | $5.57 | $4.81 | $2.98 | $1.97 | $2.30 |
| EPS, diluted | $5.41 | $4.67 | $2.91 | $1.94 | $2.28 |
| Weighted shares, basic | 22.7M | 23.4M | 23.4M | 23.7M | 24.0M |
| Weighted shares, diluted | 23.4M | 24.1M | 24.0M | 24.0M | 24.1M |
| Margins and growth | |||||
| Operating margin | 13.7% | 12.8% | 8.4% | 6.6% | 6.5% |
| Net margin | 10.0% | 9.2% | 6.2% | 4.4% | 4.9% |
| Revenue growth, year over year | +4.0% | +7.7% | +6.3% | −5.9% | +10.1% |
| Net income growth, year over year | +12.4% | +61.5% | +49.5% | −15.3% | −36.1% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 29, 2024 | Feb 22, 2023 | Feb 25, 2022 |
| Cash and equivalents | $140.8M | $137.1M | $168.5M | $213.7M | $268.9M |
| Short-term investments | $7.30M | $46.9M | $39.7M | – | – |
| Accounts receivable | $78.2M | $76.1M | $76.1M | $63.0M | $51.3M |
| Total current assets | $277.9M | $304.9M | $329.1M | $329.1M | $367.8M |
| Property, plant and equipment | $107.4M | $111.2M | $118.5M | $132.8M | $150.6M |
| Goodwill | $1.24B | $1.21B | $1.25B | $1.25B | $1.29B |
| Intangible assets | $249.2M | $245.1M | $251.6M | $260.5M | $276.4M |
| Total assets | $2.04B | $2.05B | $2.13B | $2.16B | $2.31B |
| Total current liabilities | $217.9M | $216.5M | $209.6M | $209.9M | $195.8M |
| Long-term debt | – | $0 | $61.4M | $101.4M | $141.6M |
| Total liabilities | $392.1M | $387.2M | $472.7M | $526.0M | $591.9M |
| Shareholders' equity | $1.65B | $1.66B | $1.65B | $1.64B | $1.71B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 26, 2026 | Feb 27, 2025 | Feb 29, 2024 | Feb 22, 2023 | Feb 25, 2022 |
| Operating cash flow | $198.2M | $169.3M | $117.1M | $126.1M | $180.5M |
| Capital expenditures | $44.3M | $40.6M | $36.9M | $43.2M | $49.4M |
| Free cash flow | $153.9M | $128.8M | $80.2M | $82.9M | $131.1M |
| Depreciation and amortization | $48.4M | $44.4M | $48.4M | $52.0M | $59.1M |
| Stock-based compensation | $23.0M | $25.6M | $19.8M | $21.8M | $18.1M |
| Dividends paid | $57.5M | $59.0M | $58.8M | $59.2M | $59.0M |
| Share buybacks | $138.9M | $11.5M | $10.0M | $40.1M | $5.91M |
| Investing cash flow | $8.51M | -$64.4M | -$48.5M | -$31.4M | -$33.1M |
| Financing cash flow | -$206.2M | -$136.8M | -$113.6M | -$142.4M | -$67.9M |
| Net change in cash | $2.85M | -$35.3M | -$45.5M | -$51.8M | $77.2M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 1.8% | 2.1% | 1.7% | 2.0% | 1.6% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Oct 16, 2026 | 21.9M | −6.8% | SEC |
| Jul 17, 2026 | 22.2M | −7.1% | SEC |
| Apr 10, 2026 | 22.6M | −6.4% | SEC |
| Jan 30, 2026 | 22.7M | −7.2% | SEC |
| Oct 17, 2025 | 23.5M | −4.4% | SEC |
| Jul 18, 2025 | 23.9M | −2.9% | SEC |
| Apr 11, 2025 | 24.2M | −1.8% | SEC |
| Jan 31, 2025 | 24.5M | +0.4% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.