Grand Canyon Education, Inc.

Listed Company

LOPECIK 0001434588NasdaqLarge AcceleratedServices-Educational ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$1.11B

Net Income

$216.17M

Total Assets

$992.30M

Equity

$746.93M

Shares Out

26.51M

Op. Cash Flow

$273.49M

LOPE$140.48−17.55% · past yearDBEQ Basic

Daily closing prices

Business

Grand Canyon Education, Inc. is an education services company that provides comprehensive technology, academic, counseling, marketing, and back-office services to 20 university partners across the United States, with Grand Canyon University as its largest partner serving over 131,800 students. GCE offers proprietary learning management systems, curriculum development, faculty recruitment and training, financial aid processing, student counseling, digital marketing, and administrative support to help universities operate educational programs at scale. The company operates 47 off-campus classroom and laboratory sites focused on healthcare and other career-oriented programs, serving institutions both online and on ground across the country.

Summary from 10-K filed 2026-02-18

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
Service revenue	1,106	1,033	961	911	897
Technology and academic services	175	165	155	150	132
Counseling services and support	343	323	302	273	249
Marketing and communication	229	212	203	196	183
General and administrative	47	46	43	45	42
Litigation settlement	35	—	—	—	—
Lease termination, impairment and other	2	2	—	—	—
Amortization of intangible assets	8	8	8	8	8
Total costs and expenses	840	758	712	674	614
Operating income	266	275	249	238	282
Investment interest and other	14	16	10	3	610,000
Income before income taxes	280	291	260	240	331
Income tax expense	64	65	55	55	71
Net income	216	226	205	185	260
Basic income per share	7.76	7.77	6.83	5.75	5.94
Diluted income per share	7.71	7.73	6.8	5.73	5.92
Basic weighted average shares outstanding	28	29	30	32	44
Diluted weighted average shares outstanding	28	29	30	32	44

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	112	325	146	120	601
Investments	188	0	98	61	0
Accounts receivable, net	84	83	79	77	70
Income tax receivable	2	490,000	1	3	1
Other current assets	13	12	13	11	9
Total current assets	400	420	338	273	681
Property and equipment, net	179	177	170	148	136
Right-of-use assets	97	100	92	73	58
Amortizable intangible assets, net	152	160	168	177	185
Goodwill	161	161	161	161	161
Other assets	4	1	2	2	2
Total assets	992	1,018	930	833	1,223
Accounts payable	24	27	18	20	24
Accrued compensation and benefits	35	33	31	36	33
Accrued liabilities	32	30	27	22	28
Income taxes payable	3	9	10	12	6
Current portion of lease liability	15	13	11	9	7
Total current liabilities	110	111	97	100	98
Deferred income taxes, noncurrent	41	27	27	26	26
Other long-term liability	1	1	410,000	436,000	37,000
Lease liability, less current portion	93	96	88	69	54
Total liabilities	245	235	212	195	178
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.01 par value, 10,000 shares authorized; 0 shares issued and outstanding at December 31, 2025 and December 31, 2024	—	—	—	—	—
Common stock, $0.01 par value, 100,000 shares authorized; 54,178 and 54,090 shares issued and 27,393 and 28,858 shares outstanding at December 31, 2025 and December 31, 2024, respectively	542,000	541,000	540,000	538,000	536,000
Treasury stock, at cost, 26,785 and 25,232 shares of common stock at December 31, 2025 and December 31, 2024, respectively	−2,292	−2,024	−1,850	−1,711	−1,107
Additional paid-in capital	350	337	323	309	297
Accumulated other comprehensive gain	511,000	—	−57,000	−533,000	—
Retained earnings	2,687	2,471	2,245	2,040	1,855
Total stockholders' equity	747	784	718	638	1,045
Total liabilities and stockholders' equity	992	1,018	930	833	1,223

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
Net income	216	226	205	185	260
Share-based compensation	14	14	13	13	12
Depreciation and amortization	31	28	24	23	22
Deferred income taxes	15	−165,000	402,000	401,000	6
Other, including fixed asset disposals	−154,000	1	−442,000	853,000	677,000
Accounts receivable from university partners	−1	−4	−1	−7	−3
Other assets	−4	1	−2	−3	−256,000
Right-of-use assets and lease liabilities	671,000	2	2	1	545,000
Accounts payable	−3	10	−3	−4	7
Accrued liabilities	2	4	−2	−1	4
Income taxes receivable/payable	−7	−865,000	−445,000	5	509,000
Net cash provided by operating activities	273	290	244	221	313
Capital expenditures	−35	−37	−45	−35	−29
Additions of amortizable content	−60,000	−412,000	−897,000	−397,000	−515,000
Purchase of equity investment	−1	—	—	—	—
Loss on equity investment	500,000	—	—	—	—
Purchases of investments	−242	−49	−99	−172	−56
Proceeds from sale or maturity of investments	56	148	64	110	67
Net cash (used in) provided by investing activities	−222	61	−80	−97	951
Repurchase of common shares and shares withheld in lieu of income taxes	−265	−173	−137	−604	−804
Net cash used in financing activities	−265	−173	−137	−604	−909
Net (decrease) increase in cash and cash equivalents and restricted cash	−213	178	26	−481	355
Cash paid for interest	—	4,000	33,000	2,000	4
Cash paid for income taxes	54	65	59	49	62
Purchases of property and equipment included in accounts payable	835,000	1	2	1	2
ROU Asset and Liability recognition	—	7	20	15	3
Excise tax on treasury stock repurchases	2	2	1	—	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro

Frequently asked questions

What is Grand Canyon Education, Inc.'s CIK number?

Grand Canyon Education, Inc.'s SEC CIK number is 0001434588 (1434588). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find Grand Canyon Education, Inc.'s SEC filings?

All of Grand Canyon Education, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did Grand Canyon Education, Inc. last report earnings?

Grand Canyon Education, Inc. (LOPE) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001104659-26-052881). This is Grand Canyon Education, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is Grand Canyon Education, Inc.'s most recent earnings 8-K?

Grand Canyon Education, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001104659-26-052881. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Grand Canyon Education, Inc.'s latest earnings 8-K →
Look up any company's CIK number →