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Stock research / United States / STRA · Services-Educational Services · Nasdaq

Strategic Education, Inc. (STRA)

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Strategic Education, Inc. (STRA) reported revenue of $337 million for Q2 FY2026, the quarter ended 30 June 2026, up 4.9% on the same quarter a year earlier. Net income was $37 million, up 14.9% on the year, and diluted earnings per share $1.71. The figures are the company's own, from the 10-Q it filed with the SEC on 29 July 2026.

Revenue$337 millionup 4.9%
Net income$37 millionup 14.9%
Diluted EPS$1.71
QuarterQ2 FY2026ended 30 June 2026

Strategic Education (STRA) in brief

Strategic Education (STRA) reported revenue of $1.3 billion for fiscal 2025, the year ended 31 December 2025, up 4.0% on the year before.
Read moreNet income was $127 million and diluted earnings per share $5.41. Revenue was $1.2 billion in fiscal 2024, $1.1 billion in fiscal 2023, $1.1 billion in fiscal 2022 and $1.1 billion in fiscal 2021. Net income in the same years was $113 million, $70 million, $47 million and $55 million. Over the twelve months to 30 June 2026, Strategic Education reported revenue of $1.3 billion and net income of $135 million. Revenue grew 4.3% a year, compounded, over the five years to fiscal 2025. Strategic Education declared $2.40 a share in dividends over the last four quarters and had 22 million shares outstanding at the latest filed count. At 30 June 2026 it carried $0 million of debt and $124 million of cash. At the close of 9 October 2026 the market cap of Strategic Education was $1.8 billion, 13.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE8.2%
ROCE11.0%
Operating margin14.0%
Net margin10.5%
FCF margin13.1%
Interest covern/a
Debt to equity0.00
Cash conversion1.60
Share count, 1 year-7.3%
Sales CAGR, 3 years6.0%
Profit CAGR, 3 years39.5%
EPS, TTM$6.00

At the close of 9 October 2026

Price$82.37
Market cap$1.8 billion
Stock P/E13.73
Price to book1.12
EV / EBITDA7.49
Dividend yield2.9%
Market cap / sales1.42
52-week high$87.62
52-week low$72.19
Price, 1 year3.7%
Price CAGR, 3 years0.2%
Price CAGR, 5 years2.8%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest price, the last regular-hours trade on IEX. Strategic Education, Inc.'s balance sheet shows no borrowings, so debt here is nil; lease liabilities are a separate line. Nothing here is a valuation or a view.
STRAgreeksoup.ai
Daily prices to 9 October 2026, adjusted for splits; from 28 September 2026 each day's price is the last regular-hours trade on IEX.
Read moreData provided for free by IEX. By accessing or using IEX Historical Data, you agree to the IEX Historical Data Terms of Use. Day by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on STRA

Filings11 in twelve months: 4 current reports (8-K), about 4 results of operations
Planned insider sales6 Form 144 notices in twelve months, $5.1 million; latest 4 June 2026
Options tapeput/call 0.48 by open interest at the 9 October 2026 close; the straddle prices a 3.9% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 10 Schedule 13D or 13G filings in twelve months
Insider trading11 sales and 2 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest1.4 million shares short, 3.94 days to cover at 30 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue286303290312306311304321320323306337
Operating income25.654.241.441.936.336.039.845.837.051.641.150.5
Operating margin9%18%14%13%12%12%13%14%12%16%13%15%
Pre-tax income26.555.243.141.838.637.942.045.436.853.242.351.8
Tax rate30%29%31%28%28%33%29%29%28%29%22%28%
Net income18.539.129.729.927.725.329.732.326.637.932.837.2
Net margin6%13%10%10%9%8%10%10%8%12%11%11%
Diluted EPS$0.77$1.63$1.23$1.24$1.15$1.05$1.24$1.37$1.15$1.66$1.48$1.71
Operating cash flow46.429.977.624.351.515.967.731.260.139.287.429.2
Capital expenditure9.59.69.210.79.411.210.310.810.912.210.114.1
Free cash flow36.920.368.413.642.14.757.320.449.327.077.315.0
Buybacks0.00.00.00.05.06.532.028.034.344.640.032.8
Dividends paid14.714.614.714.814.814.714.814.414.214.213.613.3
Shares outstanding24m24m25m25m25m25m24m24m24m23m23m22m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 10 fiscal years and the trailing twelve months

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Revenue4414556349971,0281,1321,0651,1331,2201,2681,286
Cost of revenue241245n/an/an/an/an/an/an/an/an/a
Gross profit200210n/an/an/an/an/an/an/an/an/a
Gross margin45.4%46.1%n/an/an/an/an/an/an/an/an/a
Operating income57.552.2-22.711110973.970.895.3156174180
Operating margin13.0%11.5%-3.6%11.1%10.6%6.5%6.6%8.4%12.8%13.7%14.0%
Interest expense0.60.6n/an/an/an/an/an/an/an/an/a
Pre-tax income57.352.6-19.112411476.669.6101161177184
Income tax22.532.0-3.542.627.721.522.930.948.750.849.6
Effective tax rate39.3%60.8%n/a34.4%24.3%28.1%32.9%30.7%30.2%28.6%26.9%
Net income34.820.6-15.781.186.355.146.769.8113127135
Net margin7.9%4.5%-2.5%8.1%8.4%4.9%4.4%6.2%9.2%10.0%10.5%
Diluted EPS$3.21$1.84-$1.03$3.67$3.77$2.28$1.94$2.91$4.67$5.41$6.00
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Revenue by segment

FY2023FY2024FY2025Share
latest year
U.S. Higher Education81985886868.5%
Australia / New Zealand23425725219.8%
Education Technology Services80.510514811.7%
U.S. Higher EducationAustralia / New ZealandEducation Technology Services
1,133FY20231,220FY20241,268FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
United States8999631,01780.2%
Non-US23425725219.8%
United StatesNon-US
1,133FY20231,220FY20241,268FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Operating cash flow44.556.246.9202143181126117169198216
Capital expenditure13.218.127.538.746.849.443.236.940.644.347.3
Free cash flow31.338.119.316396.113182.980.2129154169
Free cash flow margin7.1%8.4%3.0%16.4%9.4%11.6%7.8%7.1%10.6%12.1%13.1%
Cash from investing-20.8-18.1130-38.1-642-33.1-31.4-48.5-64.48.5-8.7
Cash from financing-1.4-11.4-21.2-55.8279-67.9-142-114-137-206-220
Depreciation and amortisation17.818.731.449.551.859.152.048.444.448.447.3
Share-based compensation10.811.615.512.214.618.121.819.825.623.021.9
Buybacksn/an/a0.00.00.25.940.110.011.5139152
Dividends paidn/a11.427.846.656.059.059.258.859.057.555.3
Dividend per sharen/a$1.00$1.50$2.10$2.40$2.40$2.40$2.40$2.40$2.40$2.40
Diluted shares, weighted11m11m15m22m23m24m24m24m24m23m22m
Shares outstanding at period end11m11m22m22m24m25m24m24m25m23m22m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025TTM
Funded by
Shareholders' equity1882091,4251,4631,7481,7141,6361,6531,6621,6461,634
Debtn/an/an/a0.014214210161.40.00.00.0
Operating lease liabilitiesn/an/an/a80.610616313412810393.292.1
Other liabilities110112236246300287291284284299343
Total liabilities and equity2993211,6611,7892,2962,3062,1622,1252,0502,0392,069
Owned
Fixed assets73.173.8123117159151133119111107110
Goodwill20.720.77337321,3191,2861,2511,2521,2071,2421,259
Intangible assetsn/a7.3328273326276261252245249251
Investmentsn/an/a74.871.537.829.922.340.261.912.310.0
Securities held for sale or to maturityn/a0.0n/an/an/an/an/an/an/an/an/a
Cash and equivalents129156312420188269214168137141124
Receivables20.523.155.751.550.251.363.076.176.178.2101
Other assets55.140.535.2125217243218218211208215
Total assets2993211,6611,7892,2962,3062,1622,1252,0502,0392,069
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a4.3%6.0%3.5%
Profit growth, compoundedn/a8.0%39.5%16.8%
Return on equity, average6.2%5.0%6.2%7.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Questions

What was Strategic Education's revenue in fiscal 2025?

Strategic Education (STRA) reported revenue of $1.3 billion for fiscal 2025, the year ended 31 December 2025, up 4.0% on the year before.

How much did Strategic Education earn in fiscal 2025?

Net income was $127 million for fiscal 2025, and diluted earnings per share $5.41.

What is Strategic Education's P/E ratio?

At the close of 9 October 2026, Strategic Education traded at 13.7 times its earnings over the twelve months to 30 June 2026.

What is Strategic Education's market cap?

The market cap of Strategic Education was $1.8 billion at the close of 9 October 2026.

Does Strategic Education pay a dividend?

Yes. Strategic Education declared $2.40 a share in dividends over the four quarters to 30 June 2026.

Peers: Personal Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Laureate Education, Inc. LAUR$5.4 billion17.9528.2%24.4%17.9%0.14n/a
Graham Holdings Co. GHC$5.1 billion9.4611.4%5.1%4.8%0.190.6%
Unifirst Corp. UNF$4.8 billion41.145.3%5.8%1.4%0.00n/a
Covista Inc. CVSA$4.4 billion18.3817.4%19.6%9.3%0.460.0%
Grand Canyon Education, Inc. LOPE$4.2 billion19.3333.5%24.5%7.0%0.00n/a
Avis Budget Group, Inc. CAR$3.7 billionn/an/a-4.6%0.4%n/a9.5%
Stride, Inc. LRN$3.5 billion11.8720.7%17.9%4.7%0.26n/a
Bright Horizons Family Solutions Inc. BFAM$3.4 billion22.0018.6%10.3%8.5%1.14n/a
Perdoceo Education Corp. PRDO$2.1 billion12.3117.1%24.6%11.7%0.001.7%
Strategic Education, Inc. STRA$1.8 billion13.738.2%14.0%3.5%0.002.9%
Universal Technical Institute Inc. UTI$1.1 billion33.2810.0%5.0%9.1%0.460.0%
Yelp Inc. YELP$1.0 billion8.8919.6%11.7%1.5%0.16n/a
All 15 in Personal Services
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Service Corp. International SCI$10.5 billion20.0835.0%22.4%2.9%3.451.7%
Ryder System Inc. R$9.1 billion19.4117.2%n/a1.1%1.911.4%
Laureate Education, Inc. LAUR$5.4 billion17.9528.2%24.4%17.9%0.14n/a
H&R Block Inc. HRB$5.4 billion7.70624.4%23.0%4.9%12.693.8%
Graham Holdings Co. GHC$5.1 billion9.4611.4%5.1%4.8%0.190.6%
Unifirst Corp. UNF$4.8 billion41.145.3%5.8%1.4%0.00n/a
Covista Inc. CVSA$4.4 billion18.3817.4%19.6%9.3%0.460.0%
Grand Canyon Education, Inc. LOPE$4.2 billion19.3333.5%24.5%7.0%0.00n/a
Avis Budget Group, Inc. CAR$3.7 billionn/an/a-4.6%0.4%n/a9.5%
Stride, Inc. LRN$3.5 billion11.8720.7%17.9%4.7%0.26n/a
Bright Horizons Family Solutions Inc. BFAM$3.4 billion22.0018.6%10.3%8.5%1.14n/a
Perdoceo Education Corp. PRDO$2.1 billion12.3117.1%24.6%11.7%0.001.7%
Strategic Education, Inc. STRA$1.8 billion13.738.2%14.0%3.5%0.002.9%
Universal Technical Institute Inc. UTI$1.1 billion33.2810.0%5.0%9.1%0.460.0%
Yelp Inc. YELP$1.0 billion8.8919.6%11.7%1.5%0.16n/a
7 companies share its SEC industry code (Services-Educational Services); the rest are the names nearest in size in its wider industry, Personal Services, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202629 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-K31 December 202527 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 202530 July 2025EDGAR
10-Q31 March 202524 April 2025EDGAR
10-K31 December 202427 February 2025EDGAR
10-Q30 September 20247 November 2024EDGAR
10-Q30 June 202431 July 2024EDGAR
10-Q31 March 202425 April 2024EDGAR

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