Strategic Education, Inc.

Listed Company

STRACIK 0001013934NasdaqLarge AcceleratedServices-Educational ServicesMarylandFY ends Dec 31

Period

FY 2025

Revenue

$1.27B

Net Income

$126.61M

Total Assets

$2.04B

Equity

$1.65B

Shares Out

22.61M

Op. Cash Flow

$198.20M

STRA$76.51−4.40% · past yearDBEQ Basic

Daily closing prices

Business

Strategic Education, Inc. (SEI) is an accredited post-secondary education services company operating three primary institutions: Capella University and Strayer University in the United States, and Torrens University in Australia, along with Think Education and Media Design School. The company offers flexible, competency-based and traditional degree and certificate programs to working adults through online and campus-based modalities across business, technology, healthcare, education, and creative fields. SEI also operates Education Technology Services, which provides employer education benefits administration (Workforce Edge) and low-cost online general education courses (Sophia Learning).

Summary from 10-K filed 2026-02-27

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	1,268	1,220	1,133	1,065	1,132
Instructional and support costs	647	650	624	597	608
General and administration	425	412	384	380	361
Amortization of intangible assets	0	0	11	14	51
Merger and integration costs	0	0	2	1	11
Restructuring costs	22	2	16	2	25
Total costs and expenses	1,094	1,064	1,038	995	1,058
Income from operations	174	156	95	71	74
Other income	3	6	5	−1	3
Income before income taxes	177	161	101	70	77
Provision for income taxes	51	49	31	23	22
Net income	127	113	70	47	55
Basic (dollars per share)	5.57	4.81	2.98	1.97	2.3
Diluted (dollars per share)	5.41	4.67	2.91	1.94	2.28
Basic (in shares)	23	23	23	24	24
Diluted (in shares)	23	24	24	24	24

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	141	137	168	214	269
Marketable securities	7	47	40	9	—
Tuition receivable, net	78	76	76	63	51
Income taxes receivable	3	0	—	0	313,000
Other current assets	49	45	45	43	41
Total current assets	278	305	329	329	368
Property and equipment, net	107	111	119	133	151
Right-of-use lease assets	91	104	119	125	150
Marketable securities, non-current	5	15	483,000	13	—
Intangible assets	249	245	252	261	276
Goodwill	1,242	1,207	1,252	1,251	1,286
Other assets	66	63	54	50	52
Total assets	2,039	2,050	2,125	2,162	2,306
Accounts payable and accrued expenses	106	102	91	91	96
Income taxes payable	0	3	2	7	0
Contract liabilities	96	90	92	88	73
Lease liabilities	16	22	24	24	27
Total current liabilities	218	216	210	210	196
Deferred income tax liabilities	36	28	28	35	45
Lease liabilities, non-current	93	103	128	134	163
Other long-term liabilities	45	40	46	46	47
Total liabilities	392	387	473	526	592
Commitments and contingencies	—	—	—	—	—
Common stock, par value $0.01; 32,000,000 shares authorized; 24,502,385 and 22,968,860 shares issued and outstanding at December 31, 2024 and 2025, respectively	230,000	245,000	244,000	244,000	246,000
Additional paid-in capital	1,437	1,532	1,518	1,511	1,530
Accumulated other comprehensive loss	−46	−89	−34	−35	9
Retained earnings	255	218	169	160	175
Total stockholders equity	1,646	1,662	1,653	1,636	1,714
Total liabilities and stockholders equity	2,039	2,050	2,125	2,162	2,306

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
Gain on sale of property and equipment	0	0	−2	−3	−3
Gain on early termination of operating leases	−2	−6	−141,000	−1	—
Amortization of deferred financing costs	425,000	674,000	557,000	552,000	552,000
Amortization of investment discount/premium	−432,000	−290,000	−65,000	32,000	70,000
Depreciation and amortization	48	44	57	63	103
Deferred income taxes	8	−150,000	−6	−9	−8
Stock-based compensation	23	26	20	22	18
Impairment of right-of-use lease assets	5	700,000	5	1	19
Tuition receivable, net	−1	221,000	−13	−13	−196,000
Other assets	−8	−12	−8	4	−7
Accounts payable and accrued expenses	4	12	552,000	−4	−7
Income taxes payable and income taxes receivable	−6	1	−5	8	1
Contract liabilities	6	−3	4	19	14
Other liabilities	−6	−6	−7	−8	−7
Net cash provided by operating activities	198	169	117	126	181
Purchases of property and equipment	−44	−41	−37	−43	−49
Purchases of marketable securities	−28	−54	−27	0	—
Proceeds from marketable securities	79	31	10	6	—
Proceeds from sale of property and equipment	2	0	6	7	8
Proceeds from other investments	0	20,000	457,000	0	0
Other investments	−390,000	−531,000	−314,000	−335,000	−1
Cash paid for acquisition, net of cash acquired	−36,000	−177,000	−530,000	−800,000	0
Net cash provided by (used in) investing activities	9	−64	−49	−31	−33
Common dividends paid	−58	−59	−59	−59	−59
Payments on long-term debt	0	−61	−40	−40	0
Net payments for stock awards	−10	−3	−5	—	—
Payments of deferred financing costs	0	−2	0	0	0
Repurchase of common stock	−139	−12	−10	−40	−6
Net cash used in financing activities	−206	−137	−114	−142	−68
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	2	−3	−496,000	−4	−2
Net increase (decrease) in cash, cash equivalents, and restricted cash	3	−35	−46	−52	77
Non-cash additions to property and equipment	3	2	3	2	9

Filings

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Frequently asked questions

What is Strategic Education, Inc.'s CIK number?

Strategic Education, Inc.'s SEC CIK number is 0001013934 (1013934). 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 Strategic Education, Inc.'s SEC filings?

All of Strategic 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 Strategic Education, Inc. last report earnings?

Strategic Education, Inc. (STRA) most recently filed an earnings 8-K with the SEC on Apr 23, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001013934-26-000008). This is Strategic Education, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

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

Strategic Education, Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 23, 2026 under accession 0001013934-26-000008. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View Strategic Education, Inc.'s latest earnings 8-K →
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