LAUREATE EDUCATION, INC.

Listed Company

LAURCIK 0000912766NasdaqLarge AcceleratedServices-Educational ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.70B

Net Income

$281.63M

Total Assets

$2.21B

Equity

$1.19B

Shares Out

139.98M

Op. Cash Flow

$366.19M

Business

LAUREATE EDUCATION, INC. operates a portfolio of degree-granting higher education institutions under the Laureate International Universities network. It offers undergraduate, graduate and specialized programs with campus-based, fully online and hybrid delivery, emphasizing applied, career-focused curricula in STEM, health sciences, engineering, information technology and business. The company reports through two segments—Mexico and Peru—comprising five institutions and multiple campus brands organized into scaled country networks. Its programs are distributed across over 50 campuses and digital platforms to serve traditional and non-traditional students in Mexico and Peru.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	1,702	1,567	1,484	1,242	1,087
Direct costs	1,220	1,147	1,090	907	814
General and administrative expenses	51	46	53	65	204
Loss on impairment of assets	0	0	3	144,000	—
Operating income	431	374	339	270	−5
Interest income	7	8	9	8	4
Interest expense	−11	−18	−21	−16	—
Other income (expense), net	8	1	−325,000	770,000	−2
Foreign currency exchange (loss) gain, net	−35	51	−76	−17	14
(Loss) gain on disposals of subsidiaries, net	0	−1	4	1	−602,000
Loss on debt extinguishment	0	−31,000	0	0	−78
Income from continuing operations before income taxes and equity in net income of affiliates	401	414	254	246	−138
Income tax expense	−117	−119	−138	−185	−146
Equity in net income of affiliates, net of tax	217,000	237,000	171,000	258,000	0
Income from continuing operations	284	296	117	61	−283
(Loss) income from discontinued operations, net of tax benefit (expense) of $0, $0 and $508, respectively	−32,000	654,000	−10	8	487
Net income	284	296	107	69	204
Net (income) loss attributable to noncontrolling interests	−2	78,000	323,000	—	—
Net income attributable to Laureate Education, Inc.	282	296	108	70	192
Income from continuing operations, basic (in dollars per share)	1.91	1.93	0.75	0.37	−1.56
(Loss) income from discontinued operations (in dollars per share)	0	0	−0.06	0.05	2.57
Basic earnings per share (in dollars per share)	1.91	1.93	0.69	0.42	1.01
Income from continuing operations, diluted (in dollars per share)	1.89	1.92	0.74	0.36	−1.56
(Loss) income from discontinued operations (in dollars per share)	0	0	−0.06	0.05	2.57
Diluted earnings per share (in dollars per share)	1.89	1.92	0.68	0.41	1.01

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	147	91	89	85	325
Restricted cash	5	7	8	9	21
Accounts and notes receivable	244	189	174	133	118
Other receivables	16	3	4	—	—
Allowance for doubtful accounts	−125	−101	−85	−62	−62
Receivables, net	135	92	92	—	—
Income tax receivable	3	7	15	32	30
Prepaid expenses and other current assets	29	30	19	19	16
Current assets held for sale	0	564,000	889,000	0	0
Total current assets	318	227	224	226	544
Land	163	127	129	127	121
Buildings	397	348	378	349	328
Furniture, equipment and software	597	505	556	494	459
Leasehold improvements	160	126	137	118	107
Construction in-progress	27	28	23	12	10
Accumulated depreciation and amortization	−714	−619	−661	—	—
Property and equipment, net	629	514	562	—	—
Operating lease right-of-use assets, net	336	292	372	390	384
Goodwill	637	563	661	583	547
Tradenames, net	166	148	169	152	143
Deferred costs, net	5	5	5	5	6
Deferred income taxes	72	61	71	52	39
Other assets	42	41	45	41	43
Long-term assets held for sale	2	10	15	0	6
Total assets	2,206	1,862	2,126	1,972	2,211
Accounts payable	57	35	43	43	27
Accrued expenses	73	61	69	51	66
Accrued compensation and benefits	113	91	97	85	90
Deferred revenue and student deposits	80	64	69	51	44
Current portion of operating leases	56	48	58	39	38
Current portion of long-term debt and finance leases	55	41	53	56	49
Income taxes payable	13	2	40	39	39
Other current liabilities	27	23	23	18	18
Current liabilities held for sale	0	1	1	0	1
Total current liabilities	473	368	453	381	372
Long-term operating leases, less current portion	332	279	360	377	377
Long-term debt and finance leases, less current portion	73	59	112	—	—
Deferred compensation	7	8	10	10	12
Income taxes payable	79	136	140	131	96
Deferred income taxes	16	12	56	90	74
Other long-term liabilities	38	32	34	31	25
Long-term liabilities held for sale	0	8	10	0	10
Total liabilities	1,018	904	1,176	1,196	1,070
Redeemable noncontrolling interests and equity	1	1	1	1	2
Preferred stock, par value $0.001 per share 50,000 shares authorized and no shares issued and outstanding as of December 31, 2025 and December 31, 2024	0	0	0	0	0
Common stock, par value $0.004 per share 700,000 shares authorized, 142,940 shares issued and outstanding as of December 31, 2025 and 150,794 shares issued and outstanding as of December 31, 2024	572,000	604,000	630,000	923,000	—
Additional paid-in capital	1,075	1,130	1,180	2,205	2,389
Retained earnings	417	292	42	39	16
Accumulated other comprehensive loss	−305	−462	−272	−442	−520
Total Laureate Education, Inc. stockholders' equity	1,188	960	950	776	1,141
Noncontrolling interests	−575,000	−2	−2	−2	−1
Total stockholders' equity	1,187	957	948	774	1,140
Total liabilities and stockholders' equity	2,206	1,862	2,126	1,972	2,211

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization expense	74	68	70	59	101
Amortization of operating lease right-of-use assets	36	37	33	29	44
Loss on impairment of assets	0	0	3	144,000	—
Loss (gain) on sales and disposal of subsidiaries, property and equipment and leases, net	165,000	−5	10	−11	—
Non-cash interest expense	2	2	1	2	7
Non-cash share-based compensation expense	13	8	7	9	10
Bad debt expense	61	56	44	22	34
Deferred income taxes	−2	−39	−56	−530,000	196
Unrealized foreign currency exchange loss (gain)	35	−53	75	14	−7
Loss on debt extinguishment	0	31,000	0	0	78
Other, net	3	−3	283,000	6	1
Receivables	−93	−58	−52	−28	−16
Prepaid expenses and other assets	8	−15	3	5	−17
Accounts payable and accrued expenses	18	5	−4	−10	−45
Income tax receivable/payable, net	−44	−31	23	31	−101
Deferred revenue and other liabilities	−30	−35	−14	−19	−98
Net cash provided by operating activities	366	233	251	178	−156
Purchase of property and equipment	−103	−72	−56	−53	−50
Expenditures for deferred costs	0	−17,000	−20,000	−312,000	−6
Receipts from sales of property and equipment	289,000	18	274,000	468,000	—
Net receipts (payments) related to sales of discontinued operations	108,000	−4	4	83	—
Net cash used in investing activities	−103	−58	−52	30	2,044
Proceeds from issuance of long-term debt, net of original issue discount	126	155	154	496	46
Payments on long-term debt	−129	−216	−243	−434	−942
Payments to purchase noncontrolling interests	0	0	−123,000	0	—
Payments of dividend equivalent rights and special dividends	−455,000	−2	−112	−253	−1,375
Proceeds from exercise of stock options	128,000	230,000	2	13	3
Payments to repurchase common stock and excise tax payments	−215	−102	0	−282	−381
Withholding of shares to satisfy tax withholding for vested stock awards and exercised stock options	−4	−3	−623,000	−2	−3
Payment of debt issuance costs	0	−79,000	−1	0	−33
Net cash used in financing activities	−222	−167	−202	−462	−2,683
Effects of exchange rate changes on Cash and cash equivalents and Restricted cash	13	−8	7	1	−15
Change in cash included in current assets held for sale	269,000	257,000	−502,000	0	288
Net change in Cash and cash equivalents and Restricted cash	54	957,000	3	−252	−522

Filings

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