STRA
$80.80-0.49%
Strategic Education Inc.Stock · Consumer StaplesRussell 2000 · 0.05% of IWMNasdaq Composite · 0.007% of ONEQRussell 3000 · 0.002% of IWVUS Stock Market · 0.002% of VTI
STRA financial statements
The full income statement, balance sheet, and cash-flow statement for Strategic Education Inc. (STRA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 24.6M2024-09 24.6M2024-12 24.5M2025-03 24.2M2025-06 23.9M2025-09 23.5M2025-12 22.7M2026-03 22.6M2026-06 22.2M-9.8% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.27B+4.0% | 1.22B+7.7% | 1.13B+6.3% | 1.07B-5.9% | 1.13B+10.1% | |
| Selling, general & administrative | 425M+3.1% | 412M+7.2% | 384M+1.2% | 380M+5.1% | 361M+22.4% | |
| General & administrative | 425M+3.1% | 412M+7.2% | 384M+1.2% | 380M+5.1% | 361M+22.4% | |
| Restructuring | 21.9M+1229.4% | 1.65M-89.9% | 16.3M+668.6% | 2.12M-91.7% | 25.5M+105.7% | |
| Amortization of intangibles | 0.00 | 0.00-100.0% | 11.5M-20.2% | 14.3M-72.1% | 51.5M-19.8% | |
| Provision for credit losses | 52.7M-1.5% | 53.5M+10.4% | 48.4M+17.5% | 41.2M-4.2% | 43.0M-12.4% | |
| Operating income | 174M+12.0% | 156M+63.3% | 95.3M+34.7% | 70.8M-4.3% | 73.9M-32.4% | |
| Other non-operating income | 3.16M-45.5% | 5.80M+7.4% | 5.41M+553.8% | -1.19M-144.3% | 2.69M-41.2% | |
| Equity-method income | -4.35M-61.0% | -2.70M-191.4% | 2.95M+748.6% | 348K-92.9% | 4.92M+164.5% | |
| Pre-tax income | 177M+9.9% | 161M+60.3% | 101M+44.8% | 69.6M-9.2% | 76.6M-32.8% | |
| Income tax | 50.8M+4.2% | 48.7M+57.6% | 30.9M+35.1% | 22.9M+6.4% | 21.5M-22.3% | |
| Net income | 127M+12.4% | 113M+61.5% | 69.8M+49.5% | 46.7M-15.3% | 55.1M-36.1% | |
| $5.41+15.8% | $4.67+60.5% | $2.91+50.0% | $1.94-14.9% | $2.28-39.5% | ||
| EPS (basic) | $5.57+15.8% | $4.81+61.4% | $2.98+51.3% | $1.97-14.3% | $2.30-39.6% | |
| Weighted-avg shares (basic) | 22.7M-2.8% | 23.4M+0.0% | 23.4M-1.2% | 23.7M-1.2% | 24.0M+5.8% | |
| Weighted-avg shares (diluted) | 23.4M-3.1% | 24.1M+0.8% | 24.0M-0.2% | 24.0M-0.5% | 24.1M+5.5% | |
| Dividends per share | $2.40+0.0% | $2.40+0.0% | $2.40+0.0% | $2.40+0.0% | $2.40+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 278M-8.9% | 305M-7.3% | 329M+0.0% | 329M-10.5% | 368M+28.5% | ||
| Cash & equivalents | 141M+2.7% | 137M-18.6% | 168M-21.1% | 214M-20.5% | 269M+43.4% | |
| Short-term investments | 7.30M-84.5% | 46.9M+18.2% | 39.7M+333.9% | 9.16M | — | |
| Accounts receivable | 78.2M+2.7% | 76.1M+0.0% | 76.1M+20.9% | 63.0M+22.8% | 51.3M+2.2% | |
| Prepaid expenses | 23.0M+10.2% | 20.8M+4.1% | 20.0M+5.0% | 19.1M+6.8% | 17.9M | |
| Other current assets | 49.1M+9.6% | 44.8M+0.1% | 44.8M+3.4% | 43.3M+6.2% | 40.8M+3.3% | |
| 2.04B-0.5% | 2.05B-3.6% | 2.13B-1.7% | 2.16B-6.3% | 2.31B+0.4% | ||
| Property, plant & equipment | 107M-3.5% | 111M-6.1% | 119M-10.8% | 133M-11.8% | 151M-5.2% | |
| Operating lease right-of-use | 91.1M-12.1% | 104M-13.0% | 119M-4.8% | 125M-16.3% | 150M+23.9% | |
| Goodwill | 1.24B+2.9% | 1.21B-3.6% | 1.25B+0.0% | 1.25B-2.7% | 1.29B-2.5% | |
| Intangible assets | 249M+1.7% | 245M-2.6% | 252M-3.4% | 261M-5.7% | 276M-15.3% | |
| Long-term investments | 5.00M-66.6% | 15.0M+3001.7% | 483K-96.3% | 13.1M | — | |
| Other non-current assets | 65.5M+4.1% | 62.9M+15.6% | 54.4M+9.6% | 49.7M-5.1% | 52.3M-4.8% | |
| 218M+0.7% | 216M+3.3% | 210M-0.2% | 210M+7.2% | 196M-2.1% | ||
| Accrued liabilities | 106M+4.0% | 102M+11.9% | 90.9M+0.3% | 90.6M-5.2% | 95.5M-8.8% | |
| Deferred revenue | 96.2M+7.5% | 89.6M-3.0% | 92.3M+4.4% | 88.5M+20.8% | 73.2M+21.0% | |
| Current lease liability | 15.9M-28.4% | 22.2M-8.1% | 24.2M+1.3% | 23.9M-11.6% | 27.0M-22.4% | |
| 392M+1.3% | 387M-18.1% | 473M-10.1% | 526M-11.1% | 592M+8.1% | ||
| Long-term debt | — | 0.00-100.0% | 61.4M-39.4% | 101M-28.4% | 142M-0.1% | |
| Deferred revenue (non-current) | 35.6M+3.1% | 34.5M-7.2% | 37.2M+1.8% | 36.5M+5.3% | 34.7M-0.5% | |
| Non-current lease liability | 93.2M-9.5% | 103M-19.4% | 128M-4.7% | 134M-17.7% | 163M+53.4% | |
| Operating lease liability (total) | 109M-12.9% | 125M-17.6% | 152M-3.8% | 158M-16.8% | 190M+34.7% | |
| Deferred tax liabilities | 35.8M+29.9% | 27.6M-2.7% | 28.3M-18.1% | 34.6M-22.4% | 44.6M-16.5% | |
| Other non-current liabilities | 45.1M+12.3% | 40.2M-11.9% | 45.6M-0.9% | 46.0M-2.3% | 47.1M+2.2% | |
| 1.65B-1.0% | 1.66B+0.6% | 1.65B+1.0% | 1.64B-4.6% | 1.71B-2.0% | ||
| Common stock | 230K-6.1% | 245K+0.4% | 244K+0.0% | 244K-0.8% | 246K+0.8% | |
| Additional paid-in capital | 1.44B-6.2% | 1.53B+1.0% | 1.52B+0.4% | 1.51B-1.2% | 1.53B+0.7% | |
| Retained earnings | 255M+17.0% | 218M+29.3% | 169M+5.7% | 160M-8.5% | 175M-2.8% | |
| Accumulated other comprehensive income | -46.1M+47.9% | -88.6M-159.0% | -34.2M+2.6% | -35.1M-481.5% | 9.20M-81.2% | |
| Total liabilities & equity | 2.04B-0.5% | 2.05B-3.6% | 2.13B-1.7% | 2.16B-6.3% | 2.31B+0.4% | |
| Common shares issued | 23.0M-6.3% | 24.5M+0.4% | 24.4M+0.0% | 24.4M-0.8% | 24.6M+0.7% | |
| Common shares outstanding | 23.0M-6.3% | 24.5M+0.4% | 24.4M+0.0% | 24.4M-0.8% | 24.6M+0.7% | |
| Shares outstanding (cover) | 22.7M-7.2% | 24.5M+0.4% | 24.4M+0.0% | 24.4M-0.8% | 24.6M+0.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 198M+17.0% | 169M+44.6% | 117M-7.1% | 126M-30.2% | 181M+26.3% | ||
| Depreciation & amortization | 48.4M+9.0% | 44.4M-8.3% | 48.4M-6.9% | 52.0M-12.0% | 59.1M+14.1% | |
| Intangible amortization | 0.00 | 0.00-100.0% | 11.5M-20.2% | 14.3M-72.1% | 51.5M-19.8% | |
| Share-based compensation | 23.0M-10.2% | 25.6M+29.3% | 19.8M-9.3% | 21.8M+20.1% | 18.1M+24.2% | |
| Deferred income taxes | 7.73M+5255.3% | -150K+97.6% | -6.32M+27.1% | -8.67M-12.4% | -7.71M+42.6% | |
| Change in receivables | 1.09M+591.4% | -221K-101.7% | 12.9M+2.5% | 12.6M+6307.1% | 196K+101.0% | |
| 8.51M+113.2% | -64.4M-32.6% | -48.5M-54.8% | -31.4M+5.2% | -33.1M+94.8% | ||
| Capital expenditure | 44.3M+9.0% | 40.6M+9.8% | 36.9M-14.4% | 43.2M-12.7% | 49.4M+5.6% | |
| Free cash flow | 154M+19.6% | 129M+60.6% | 80.2M-3.3% | 82.9M-36.8% | 131M+36.4% | |
| Acquisitions | 36.0K-79.7% | 177K-66.6% | 530K-33.8% | 800K | 0.00-100.0% | |
| Sales/maturities of investments | 500K-96.1% | 12.8M+30.7% | 9.80M+52.6% | 6.42M-14.3% | 7.50M-78.4% | |
| Proceeds from sale of PP&E | 2.20M | 0.00-100.0% | 5.89M-9.7% | 6.53M-21.7% | 8.33M | |
| -206M-50.7% | -137M-20.4% | -114M+20.2% | -142M-109.7% | -67.9M-124.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Common stock repurchased | 139M+1106.7% | 11.5M+15.1% | 10.00M-75.1% | 40.1M+579.4% | 5.91M+2290.7% | |
| Dividends paid | 57.5M-2.4% | 59.0M+0.3% | 58.8M-0.8% | 59.2M+0.3% | 59.0M+5.5% | |
| FX effect on cash | 2.31M+166.5% | -3.47M-599.2% | -496K+87.9% | -4.09M-73.8% | -2.35M-245.0% | |
| Net change in cash | 2.85M+108.1% | -35.3M+22.5% | -45.5M+12.0% | -51.8M-167.1% | 77.2M+135.3% | |
| Income taxes paid | 48.8M-0.7% | 49.2M+14.7% | 42.9M+60.1% | 26.8M-1.8% | 27.3M-39.9% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.82B-20.4% | 2.29B+1.5% | 2.26B+17.8% | 1.92B+34.6% | 1.42B-38.9% | |
| P/E | 14.4×-29.1% | 20.3×-55.9% | 46.0×+20.2% | 38.3×+48.3% | 25.8×-4.3% | |
| P/S | 1.4×-23.4% | 1.9×-8.5% | 2.0×+14.3% | 1.8×+42.7% | 1.3×-44.5% | |
| P/B | 1.1×-19.6% | 1.4×-2.6% | 1.4×+18.0% | 1.2×+44.4% | 0.8×-37.6% | |
| P/FCF | 11.8×-33.4% | 17.8×-60.2% | 44.6×+123.3% | 20.0×+84.3% | 10.9×-55.2% | |
| Earnings yield | 6.9%+41.1% | 4.9%+126.6% | 2.2%-16.8% | 2.6%-32.6% | 3.9%+4.5% | |
| FCF yield | 8.4%+50.1% | 5.6%+151.1% | 2.2%-55.2% | 5.0%-45.7% | 9.2%+123.2% | |
| Dividend yield | 3.0%+16.5% | 2.6%-1.1% | 2.6%-15.2% | 3.1%-26.1% | 4.1%+64.8% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: STRA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all STRA filings on SEC EDGAR → Not investment advice.