LAUREATE EDUCATION, INC.
Business
Laureate Education operates a portfolio of five degree-granting higher education institutions in Mexico and Peru, collectively serving approximately 497,700 students across campus-based, online, and hybrid programs. The institutions offer undergraduate and graduate degrees with emphasis on STEM, business, medicine & health sciences, and engineering & information technology disciplines. Laureate's institutions operate as scaled country networks in Mexico and Peru, leveraging shared infrastructure, curricula, and operational best practices to serve both traditional (18-24 year old) and non-traditional (working adults, distance learners) student populations in markets characterized by imbalance between supply and demand for affordable, quality higher education.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is LAUREATE EDUCATION, INC.'s CIK number?
LAUREATE EDUCATION, INC.'s SEC CIK number is 0000912766 (912766). 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 LAUREATE EDUCATION, INC.'s SEC filings?
All of LAUREATE 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 LAUREATE EDUCATION, INC. last report earnings?
LAUREATE EDUCATION, INC. (LAUR) 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 0001628280-26-028578). This is LAUREATE EDUCATION, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is LAUREATE EDUCATION, INC.'s most recent earnings 8-K?
LAUREATE EDUCATION, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001628280-26-028578. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View LAUREATE EDUCATION, INC.'s latest earnings 8-K →
Look up any company's CIK number →