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STRA

Strategic Education, Inc.

STRA

Strategic Education, Inc. • NASDAQ
$78.02 ▲ 0.28% (+0.22)
Market Cap $1.83 B
52w High $104.51
52w Low $72.25
Dividend Yield 2.40%
P/E 16.22
Volume 67.86K
Outstanding Shares 23.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $319.949M ▼ $120.183M ▲ $26.63M ▼ 8.323% ▼ $1.18 ▼ $48.731M ▼
Q2-2025 $321.471M ▲ $109.558M ▲ $32.331M ▲ 10.057% ▲ $1.41 ▲ $60.546M ▲
Q1-2025 $303.59M ▼ $105.51M ▼ $29.744M ▲ 9.797% ▲ $1.28 ▲ $52.903M ▲
Q4-2024 $311.456M ▲ $108.55M ▲ $25.336M ▼ 8.135% ▼ $1.08 ▼ $51.772M ▲
Q3-2024 $305.958M $106.964M $27.748M 9.069% $1.18 $47.89M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $181.2M ▲ $2.112B ▲ $455.86M ▲ $1.656B ▼
Q2-2025 $164.95M ▼ $2.092B ▲ $424.806M ▼ $1.667B ▲
Q1-2025 $182.639M ▼ $2.074B ▲ $430.899M ▲ $1.643B ▼
Q4-2024 $184.023M ▼ $2.05B ▼ $387.236M ▼ $1.662B ▼
Q3-2024 $222.071M $2.188B $470.728M $1.717B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $26.63M ▼ $60.138M ▲ $4.088M ▲ $-48.994M ▼ $15.528M ▲ $49.28M ▲
Q2-2025 $32.331M ▲ $31.208M ▼ $-2.926M ▼ $-42.334M ▲ $-11.601M ▼ $20.375M ▼
Q1-2025 $29.744M ▲ $67.656M ▲ $-1.701M ▲ $-56.095M ▼ $9.928M ▲ $57.338M ▲
Q4-2024 $25.336M ▼ $15.905M ▼ $-49.186M ▼ $-22.721M ▲ $-60.965M ▼ $4.671M ▼
Q3-2024 $27.748M $51.491M $-8.961M $-81.03M $-36.471M $42.073M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
AustraliaNew Zealand Segment
AustraliaNew Zealand Segment
 $70.00M ▲$50.00M ▼$70.00M ▲$70.00M ▲
Education Technology Services
Education Technology Services
 $30.00M ▲$30.00M ▲$40.00M ▲$40.00M ▲
US Higher Education Segment
US Higher Education Segment
 $210.00M ▲$220.00M ▲$220.00M ▲$210.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past few years after a soft patch, showing that demand for the company’s programs is holding up. Profitability has improved more recently, with operating and net income moving up at a faster pace than sales, suggesting better cost control and improved mix (for example, more employer-linked or higher-margin offerings). Margins are healthy for an education provider, though they are still below the peak levels seen a few years ago. Overall, the income statement points to a business that is back on a modest growth path with gradually strengthening earnings, but still exposed to swings in enrollment and marketing efficiency.

Balance Sheet

Balance Sheet The balance sheet looks conservative and stable. Total assets have been broadly flat, while shareholder equity has held steady, which indicates no major balance-sheet stress. Debt has come down meaningfully over the period, pointing to deliberate de‑leveraging and reduced financial risk. Cash balances are solid, even if lower than their recent peak, and appear sufficient relative to the level of debt. This leaves the company with a reasonably strong financial cushion to navigate regulatory, economic, or enrollment shocks.

Cash Flow

Cash Flow The company consistently generates positive cash from its operations, and free cash flow has been positive every year, even during weaker earnings periods. Investment needs are modest and predictable, mainly going into technology and academic infrastructure rather than heavy physical assets. This combination of steady operating cash and light capital spending gives the firm good flexibility to fund dividends, buybacks, or debt reduction, and to absorb downturns. The main risk is not cash generation mechanics but the durability of enrollment and program demand over time.

Competitive Edge

Competitive Edge Strategic Education competes in a crowded for‑profit and online education market, yet it has carved out a defensible niche. Its focus on working adults, long-standing brands like Strayer and Capella, and accreditation all help with credibility. The biggest edge is its deep employer partnerships and Workforce Edge platform, which channel a large share of new students through corporate relationships rather than traditional advertising. This can lower student acquisition costs and make relationships stickier. However, the company still faces intense competition from other online universities, community colleges, and employer-led training, as well as ongoing regulatory and reputational scrutiny of for‑profit education providers.

Innovation and R&D

Innovation and R&D Although it does not report traditional lab-style R&D, the company invests heavily in educational technology and new learning models. Capella’s self‑paced FlexPath programs, Strayer’s AI assistant for student support, and the Sophia Learning platform for low-cost, credit‑eligible courses all show a clear focus on flexible and affordable pathways for adult learners. The Signal Labs initiative indicates a structured effort to test emerging tools like AI, skills assessment, and modular credentials. This innovation focus can strengthen student outcomes and employer value, but it also requires ongoing spending and carries execution risk if new formats fail to gain traction or are quickly copied by competitors.

Summary

Strategic Education looks like a steady, moderately growing education platform with an increasingly tech-enabled model. Earnings and margins have improved after a slower period, the balance sheet has been de‑risked with lower debt, and cash flow is consistently positive. Its main strengths lie in employer partnerships, flexible online programs, and continued investment in technology and alternative learning pathways. Key uncertainties center on enrollment trends, regulatory changes affecting for‑profit and online education, and the pace of competitive innovation. Overall, it appears to be a financially sound operator in a structurally challenged but evolving education market, with a strategy that leans heavily on technology, employer ties, and adult learner focus to sustain its position.

NEWS

November 6, 2025 · 6:30 AM UTC

Strategic Education, Inc. Reports Third Quarter 2025 Results

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October 30, 2025 · 10:02 AM UTC

Strategic Education, Inc. and LearnLaunch Partner to Accelerate Innovation in Higher Education and the Future of Work

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October 1, 2025 · 4:10 PM UTC

Strategic Education, Inc. Schedules Third Quarter 2025 Results Conference Call

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September 23, 2025 · 7:01 AM UTC

Sophia Learning Announces Partnership with EoS Fitness, Offering Employees at the National Gym Chain Access to Online College-Level Gen Ed Courses

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