Logo

LOPE

Grand Canyon Education, Inc.

LOPE

Grand Canyon Education, Inc. • NASDAQ
$157.74 ▲ 0.84% (+1.31)
Market Cap $4.41 B
52w High $223.04
52w Low $153.82
Dividend Yield 0%
P/E 21.29
Volume 131.79K
Outstanding Shares 27.97M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $261.142M ▲ $74.294M ▲ $16.274M ▼ 6.232% ▼ $0.59 ▼ $31.824M ▼
Q2-2025 $247.499M ▼ $69.553M ▼ $41.546M ▼ 16.786% ▼ $1.48 ▼ $64.929M ▼
Q1-2025 $289.31M ▼ $72.801M ▲ $71.618M ▼ 24.755% ▼ $2.53 ▼ $100.96M ▼
Q4-2024 $292.573M ▲ $64.215M ▼ $81.879M ▲ 27.986% ▲ $2.86 ▲ $113.484M ▲
Q3-2024 $238.291M $70.995M $41.467M 17.402% $1.43 $61.56M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $97.284M ▼ $1.033B ▲ $274.751M ▲ $758.041M ▼
Q2-2025 $373.899M ▲ $1.021B ▼ $243.031M ▼ $777.976M ▼
Q1-2025 $304.653M ▼ $1.031B ▲ $250.744M ▲ $780.704M ▼
Q4-2024 $324.623M ▲ $1.018B ▲ $234.572M ▲ $783.853M ▲
Q3-2024 $263.584M $992.926M $228.789M $764.137M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $16.274M ▼ $-48.633M ▼ $-6.867M ▲ $-39.494M ▲ $-94.994M ▼ $-58.277M ▼
Q2-2025 $41.546M ▼ $124.008M ▲ $-28.86M ▲ $-47.379M ▲ $47.769M ▲ $115.395M ▲
Q1-2025 $71.618M ▼ $67.631M ▼ $-169.888M ▼ $-77.857M ▼ $-180.114M ▼ $58.663M ▼
Q4-2024 $81.879M ▲ $135.817M ▲ $-9.932M ▼ $-64.846M ▼ $61.039M ▲ $125.885M ▲
Q3-2024 $41.467M $-29.385M $91.286M $-39.634M $22.267M $-38.783M

Revenue by Products

Product Q2-2019Q3-2019Q4-2019Q4-2020
Service
Service
 $170.00M ▲$190.00M ▲$210.00M ▲$240.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past five years, showing a business that continues to add students and services rather than standing still. Profitability is solid at every level: gross, operating, and net margins have held up well, which suggests good cost control and scale benefits in their service model. Earnings per share have climbed meaningfully over time, helped both by profit growth and likely share repurchases. There was a period where profits dipped from earlier highs, but the more recent trend is back to clear growth, indicating the core business remains healthy and resilient.

Balance Sheet

Balance Sheet The balance sheet looks conservative and relatively low risk. Debt is modest and has trended downward, which reduces financial pressure in a higher-rate environment. Cash levels have moved around but have recently rebuilt to a comfortable cushion, giving the company flexibility to invest or weather shocks. Equity has declined from earlier years, likely reflecting heavy buybacks and capital returns rather than stress, and has started to recover as profits compound. Overall, the company appears asset‑light, not heavily reliant on borrowing or large physical assets to run its model.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has been consistently strong and closely tracks reported earnings, which supports the quality of the profit figures. After only modest spending on capital projects, the company regularly produces healthy free cash flow, leaving ample room for reinvestment, buybacks, or strategic initiatives. The business does not appear to require heavy ongoing investment in buildings or equipment, which is typical for a scaled education‑services platform and supports long-term cash efficiency. Any major new physical expansion, such as labs and learning sites, will be a choice rather than a necessity.

Competitive Edge

Competitive Edge Grand Canyon Education occupies a differentiated niche as a full-service education partner rather than just a software or marketing vendor. Its deep, long-standing relationship with Grand Canyon University provides scale, stable demand, and a showcase for what its model can deliver. The company’s ability to handle the full student lifecycle—from marketing and enrollment to financial aid, advising, and learning platforms—creates switching costs for universities and makes it harder for smaller or narrower competitors to match. At the same time, there is concentration risk from relying heavily on a single flagship partner, ongoing scrutiny of the broader education-services and OPM space, and competition from universities building more in-house capabilities. Its edge today looks solid, but it must keep proving its value as the regulatory and higher‑ed environment evolves.

Innovation and R&D

Innovation and R&D Innovation is centered on software, data, and program design rather than traditional lab R&D. The in-house Halo Learn platform is a core asset: it tightly integrates learning, administration, and support, and can be tailored to each partner, which strengthens stickiness and makes operations more efficient. The move into hybrid and healthcare education—especially nursing, via Orbis Education—adds a practical, hands-on component that many online-only providers cannot match. Planned expansion of physical learning sites across the country is an ambitious bet on this hybrid model and on workforce-oriented programs like pre-apprenticeships. The upside is a differentiated, scalable offering in high-demand fields; the risk is execution: opening many sites, filling them with students, maintaining quality, and managing regulatory requirements will all be challenging.

Summary

Grand Canyon Education combines steady growth, strong margins, and reliable cash generation with a relatively clean, low-debt balance sheet. Its business model—deep, integrated partnerships with universities supported by proprietary technology—has created real operating leverage and visible competitive advantages, especially in cooperation with Grand Canyon University. The company is now leaning into hybrid, healthcare, and workforce-focused education, which could open new growth avenues if executed well. Key things to watch going forward are: dependence on a small number of large partners, the regulatory backdrop for education services, and the company’s ability to roll out and fill new hybrid learning locations without diluting quality or returns. Overall, the picture is of a capital-efficient, technology-enabled education services provider with clear strengths and meaningful, but manageable, strategic risks.

NEWS

November 5, 2025 · 4:05 PM UTC

GRAND CANYON EDUCATION, INC. REPORTS THIRD QUARTER 2025 RESULTS

Read more

October 2, 2025 · 4:15 PM UTC

Grand Canyon Education, Inc. Announces Third Quarter 2025 Earnings Release Date and Conference Call Details

Read more