Strategic Education, Inc. (STRA) Financial Statements
Industry: Educational Services (Services)
In fiscal 2025, Strategic Education reported revenue of $1.27B, up 4.0% from $1.22B the year before. Net income was $126.6M (a 10.0% net margin), or $5.41 per diluted share. Gross margin was 13.7% and operating margin was 13.7%. Operating activities generated $198.2M of cash, leaving $153.9M of free cash flow. At fiscal year end, Strategic Education held $2.04B in total assets against $392.1M in total liabilities, including $140.8M of cash and equivalents.
Open the full interactive Strategic Education financials → Quarterly statements, key ratios, valuation history and price charts.
Strategic Education Key Stats
| Share Price | $81.89 |
|---|---|
| Market Cap | $1.78B |
| P/E Ratio | 15.1 |
| Revenue YoY Growth | +4.0% |
| 52-Week Range | $71.12 – $86.98 |
| Shares Outstanding | 21.4 million (basic, 2026 Q2) |
Strategic Education Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.03B | $1.13B | $1.07B | $1.13B | $1.22B | $1.27B |
| Cost of Goods Sold | $918.3M | $1.06B | $994.7M | $1.04B | $1.06B | $1.09B |
| Gross Profit | $109.4M | $73.9M | $70.8M | $95.3M | $155.6M | $174.2M |
| Operating Income | $109.4M | $73.9M | $70.8M | $95.3M | $155.6M | $174.2M |
| Pre-Tax Income | $114.0M | $76.6M | $69.6M | $100.7M | $161.4M | $177.4M |
| Income Tax | $27.7M | $21.5M | $22.9M | $30.9M | $48.7M | $50.8M |
| Net Income | $86.3M | $55.1M | $46.7M | $69.8M | $112.7M | $126.6M |
| Diluted EPS | $3.77 | $2.28 | $1.94 | $2.91 | $4.67 | $5.41 |
Strategic Education Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $319.9M | $323.2M | $305.9M | $337.3M |
| Net Income | $26.6M | $37.9M | $32.8M | $37.2M |
| Diluted EPS | $1.15 | $1.62 | $1.48 | $1.71 |
Strategic Education Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $187.5M | $268.9M | $213.7M | $168.5M | $137.1M | $140.8M |
| Current Assets | $286.1M | $367.8M | $329.1M | $329.1M | $304.9M | $277.9M |
| Total Assets | $2.30B | $2.31B | $2.16B | $2.13B | $2.05B | $2.04B |
| Current Liabilities | $200.1M | $195.8M | $209.9M | $209.6M | $216.5M | $217.9M |
| Total Long-Term Debt | $141.8M | $141.6M | $101.4M | $61.4M | — | — |
| Total Liabilities | $547.5M | $591.9M | $526.0M | $472.7M | $387.2M | $392.1M |
| Shareholders' Equity | $1.75B | $1.71B | $1.64B | $1.65B | $1.66B | $1.65B |
Strategic Education Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $142.9M | $180.5M | $126.1M | $117.1M | $169.3M | $198.2M |
| Cash From Investing | -$642.2M | -$33.1M | -$31.4M | -$48.5M | -$64.4M | $8.5M |
| Cash From Financing | $279.2M | -$67.9M | -$142.4M | -$113.6M | -$136.8M | -$206.2M |
| Free Cash Flow | $96.1M | $131.1M | $82.9M | $80.2M | $128.8M | $153.9M |
Figures from Strategic 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 Strategic Education financials page for every line item.
Strategic Education Company Profile
| Ticker | STRA |
|---|---|
| Exchange | Nasdaq |
| Industry | Educational Services (Services) |
| Headquarters | Herndon, Virginia |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001013934 |
Frequently Asked Questions
What was Strategic Education's revenue in fiscal 2025?
Strategic Education (STRA) reported revenue of $1.27B for fiscal 2025.
What is Strategic Education's annual revenue history?
Strategic Education's annual revenue by fiscal year: 2020: $1.03B; 2021: $1.13B; 2022: $1.07B; 2023: $1.13B; 2024: $1.22B; 2025: $1.27B.
What was Strategic Education's net income in fiscal 2025?
Strategic Education reported net income of $126.6M for fiscal 2025.
What was Strategic Education's earnings per share (EPS) in fiscal 2025?
Strategic Education's diluted EPS was $5.41 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Strategic Education generate in fiscal 2025?
Strategic Education generated $153.9M of free cash flow in fiscal 2025.
What was Strategic Education's revenue last quarter?
In its most recent reported quarter (2026 Q2), Strategic Education reported revenue of $337.3M.
How many shares of Strategic Education are outstanding?
Strategic Education reported a weighted average of 21.4 million basic shares outstanding in 2026 Q2.
What is Strategic Education's market cap?
Based on its latest closing price, Strategic Education (STRA) has a market capitalization of about $1.78B.
When does Strategic Education's fiscal year end?
Strategic Education's fiscal year end, as registered with the SEC, is December 31.
Where is Strategic Education headquartered?
Strategic Education lists its business address in Herndon, Virginia in its SEC filings.