Grand Canyon Education, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.1B | $1.0B | $960.9M | $911.3M | $896.6M |
| Operating income | $265.9M | $275.4M | $249.3M | $237.5M | $282.2M |
| Interest expense | — | $4,000 | $33,000 | $2,000 | $3.6M |
| Pretax income | $279.9M | $291.3M | $259.7M | $240.1M | $331.3M |
| Income tax expense | $63.7M | $65.1M | $54.7M | $55.4M | $70.9M |
| Net income | $216.2M | $226.2M | $205.0M | $184.7M | $260.3M |
| Balance Sheet | |||||
| Cash and equivalents | $111.8M | $324.6M | $146.5M | $120.4M | $600.9M |
| Current assets | $400.2M | $420.0M | $337.5M | $273.3M | $681.0M |
| Total assets | $992.3M | $1.0B | $930.5M | $832.7M | $1.2B |
| Current liabilities | $109.8M | $111.0M | $97.0M | $99.7M | $97.9M |
| Total liabilities | $245.4M | $234.6M | $212.4M | $195.1M | $177.7M |
| Stockholders' equity | $746.9M | $783.9M | $718.0M | $637.6M | $1.0B |
| Cash Flow Statement | |||||
| Cash from operations | $273.5M | $290.0M | $243.7M | $220.8M | $313.1M |
| Depreciation and amortization | $31.2M | $27.8M | $23.1M | $22.1M | $21.4M |
| Stock-based compensation | $13.6M | $14.2M | $13.2M | $12.6M | $11.5M |
| Capital expenditure | $34.8M | $37.2M | $44.5M | $35.2M | $28.9M |
| Free cash flow | $238.6M | $252.7M | $199.1M | $185.6M | $284.2M |
| Share repurchases | $264.8M | $173.2M | $137.1M | $604.2M | $803.8M |
Shares outstanding 26.5M · Free float 72.8%
Annual filing data through FY ended December 31, 2025; float as of July 13, 2026.