Strategic Education (STRA) FY2024 results: revenue $1.2 billion, up 7.7% on the year
Strategic Education, Inc. (STRA) reported revenue of $1.2 billion for fiscal 2024, the year ended 31 December 2024, up 7.7% on the year before. Net income was $113 million, up 61.5%, and diluted earnings per share $4.67. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$1.2 billion
+7.7% on the year
FY2017FY2024
Operating margin
12.8%
8.4% a year earlier
FY2017FY2024
Net income
$113 million
+61.5% on the year
FY2017FY2024
Diluted EPS
$4.67
+60.5% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. 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.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
169
117
126
+44.6%
Capital expenditure
40.6
36.9
43.2
+9.8%
Free cash flow
129
80.2
82.9
+60.6%
Free cash flow margin
10.6%
7.1%
7.8%
Cash from investing
-64.4
-48.5
-31.4
Cash from financing
-137
-114
-142
Depreciation and amortisation
44.4
48.4
52.0
-8.3%
Share-based compensation
25.6
19.8
21.8
+29.3%
Buybacks
11.5
10.0
40.1
+15.1%
Dividends paid
59.0
58.8
59.2
+0.3%
Dividend per share
$2.40
$2.40
$2.40
0.0%
Diluted shares, weighted
24m
24m
24m
+0.8%
Shares outstanding at period end
25m
24m
24m
+0.4%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,662
1,653
1,636
+0.6%
Debt
0.0
61.4
101
Operating lease liabilities
103
128
134
-19.4%
Other liabilities
284
284
291
+0.2%
Total liabilities and equity
2,050
2,125
2,162
-3.6%
Fixed assets
111
119
133
-6.1%
Goodwill
1,207
1,252
1,251
-3.6%
Intangible assets
245
252
261
-2.6%
Investments
61.9
40.2
22.3
+54.0%
Cash and equivalents
137
168
214
-18.6%
Receivables
76.1
76.1
63.0
+0.0%
Other assets
211
218
218
-3.2%
Total assets
2,050
2,125
2,162
-3.6%
10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.