Grand Canyon Education, Inc. (LOPE) Financial Statements
Industry: Educational Services (Services)
In fiscal 2025, Grand Canyon Education reported revenue of $1.11B, up 7.1% from $1.03B the year before. Net income was $216.2M (a 19.5% net margin), or $7.71 per diluted share. Gross margin was 24.0% and operating margin was 24.0%. Operating activities generated $273.5M of cash, leaving $238.6M of free cash flow. At fiscal year end, Grand Canyon Education held $992.3M in total assets against $245.4M in total liabilities, including $111.8M of cash and equivalents.
Open the full interactive Grand Canyon Education financials → Quarterly statements, key ratios, valuation history and price charts.
Grand Canyon Education Key Stats
| Share Price | $158.84 |
|---|---|
| Market Cap | $4.16B |
| P/E Ratio | 20.6 |
| Revenue YoY Growth | +7.1% |
| 52-Week Range | $136.72 – $220.55 |
| Shares Outstanding | 26.2 million (basic, 2026 Q2) |
Grand Canyon Education Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $844.1M | $896.6M | $911.3M | $960.9M | $1.03B | $1.11B |
| Cost of Goods Sold | $566.7M | $614.4M | $673.8M | $711.6M | $757.6M | $840.2M |
| Gross Profit | $277.4M | $282.2M | $237.5M | $249.3M | $275.4M | $265.9M |
| Operating Income | $277.4M | $282.2M | $237.5M | $249.3M | $275.4M | $265.9M |
| Pre-Tax Income | $333.1M | $331.3M | $240.1M | $259.7M | $291.3M | $279.9M |
| Income Tax | $75.9M | $70.9M | $55.4M | $54.7M | $65.1M | $63.7M |
| Net Income | $257.2M | $260.3M | $184.7M | $205.0M | $226.2M | $216.2M |
| Diluted EPS | $5.45 | $5.92 | $5.73 | $6.80 | $7.73 | $7.71 |
Grand Canyon Education Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $261.1M | $308.1M | $308.8M | $264.0M |
| Net Income | $16.3M | $86.7M | $75.3M | $45.9M |
| Diluted EPS | $0.58 | $3.09 | $2.80 | $1.75 |
Grand Canyon Education Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $245.8M | $600.9M | $120.4M | $146.5M | $324.6M | $111.8M |
| Current Assets | $333.7M | $681.0M | $273.3M | $337.5M | $420.0M | $400.2M |
| Total Assets | $1.84B | $1.22B | $832.7M | $930.5M | $1.02B | $992.3M |
| Current Liabilities | $118.7M | $97.9M | $99.7M | $97.0M | $111.0M | $109.8M |
| Total Long-Term Debt | $107.8M | — | — | — | — | — |
| Total Liabilities | $270.2M | $177.7M | $195.1M | $212.4M | $234.6M | $245.4M |
| Shareholders' Equity | $1.57B | $1.05B | $637.6M | $718.0M | $783.9M | $746.9M |
Grand Canyon Education Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $308.8M | $313.1M | $220.8M | $243.7M | $290.0M | $273.5M |
| Cash From Investing | -$19.4M | $951.0M | -$97.1M | -$80.5M | $61.4M | -$221.6M |
| Cash From Financing | -$166.3M | -$908.9M | -$604.2M | -$137.1M | -$173.2M | -$264.8M |
| Free Cash Flow | $279.4M | $284.2M | $185.6M | $199.1M | $252.7M | $238.6M |
Figures from Grand Canyon Education's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Grand Canyon Education financials page for every line item.
Grand Canyon Education Company Profile
| Ticker | LOPE |
|---|---|
| Exchange | Nasdaq |
| Industry | Educational Services (Services) |
| Headquarters | Phoenix, Arizona |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001434588 |
Frequently Asked Questions
What was Grand Canyon Education's revenue in fiscal 2025?
Grand Canyon Education (LOPE) reported revenue of $1.11B for fiscal 2025.
What is Grand Canyon Education's annual revenue history?
Grand Canyon Education's annual revenue by fiscal year: 2020: $844.1M; 2021: $896.6M; 2022: $911.3M; 2023: $960.9M; 2024: $1.03B; 2025: $1.11B.
What was Grand Canyon Education's net income in fiscal 2025?
Grand Canyon Education reported net income of $216.2M for fiscal 2025.
What was Grand Canyon Education's earnings per share (EPS) in fiscal 2025?
Grand Canyon Education's diluted EPS was $7.71 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Grand Canyon Education generate in fiscal 2025?
Grand Canyon Education generated $238.6M of free cash flow in fiscal 2025.
What was Grand Canyon Education's revenue last quarter?
In its most recent reported quarter (2026 Q2), Grand Canyon Education reported revenue of $264.0M.
How many shares of Grand Canyon Education are outstanding?
Grand Canyon Education reported a weighted average of 26.2 million basic shares outstanding in 2026 Q2.
What is Grand Canyon Education's market cap?
Based on its latest closing price, Grand Canyon Education (LOPE) has a market capitalization of about $4.16B.
When does Grand Canyon Education's fiscal year end?
Grand Canyon Education's fiscal year end, as registered with the SEC, is December 31.
Where is Grand Canyon Education headquartered?
Grand Canyon Education lists its business address in Phoenix, Arizona in its SEC filings.