Strategic 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 | $1.3B | $1.2B | $1.1B | $1.1B | $1.1B |
| Operating income | $174.2M | $155.6M | $95.3M | $70.8M | $73.9M |
| Pretax income | $177.4M | $161.4M | $100.7M | $69.6M | $76.6M |
| Income tax expense | $50.8M | $48.7M | $30.9M | $22.9M | $21.5M |
| Net income | $126.6M | $112.7M | $69.8M | $46.7M | $55.1M |
| Balance Sheet | |||||
| Cash and equivalents | $140.8M | $137.1M | $168.5M | $213.7M | $268.9M |
| Current assets | $277.9M | $304.9M | $329.1M | $329.1M | $367.8M |
| Total assets | $2.0B | $2.0B | $2.1B | $2.2B | $2.3B |
| Current liabilities | $217.9M | $216.5M | $209.6M | $209.9M | $195.8M |
| Total liabilities | $392.1M | $387.2M | $472.7M | $526.0M | $591.9M |
| Stockholders' equity | $1.6B | $1.7B | $1.7B | $1.6B | $1.7B |
| Cash Flow Statement | |||||
| Cash from operations | $198.2M | $169.3M | $117.1M | $126.1M | $180.5M |
| 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 |
| Capital expenditure | $44.3M | $40.6M | $36.9M | $43.2M | $49.4M |
| Free cash flow | $153.9M | $128.8M | $80.2M | $82.9M | $131.1M |
| Dividends paid | $57.5M | $59.0M | $58.8M | $59.2M | $59.0M |
| Share repurchases | $138.9M | $11.5M | $10.0M | $40.1M | $5.9M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 22.6M · Free float 90.9%
Annual filing data through FY ended December 31, 2025; float as of July 11, 2026.