Strategic Education Inc (STRA) financials
Strategic Education revenue and earnings by year
Strategic Education's revenue was $1.27 billion in the fiscal year to December 31, 2025, up 4.0% from the year before. Net income was $127 million, 10.0% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 12.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.27 | 1.22 | 1.13 | 1.07 | 1.13 | 1.03 | 1.00 | 0.63 | 0.45 | 0.44 |
| Revenue growth | 4.0% | 7.7% | 6.3% | -5.9% | 10.1% | 3.1% | 57.2% | 39.4% | 3.1% | — |
| Gross profit | 0.62 | 0.57 | 0.51 | 0.47 | 0.52 | 0.49 | 0.47 | 0.26 | 0.19 | 0.20 |
| Gross margin | 49.0% | 46.7% | 44.9% | 43.9% | 46.3% | 48.2% | 46.8% | 41.4% | 40.9% | 45.1% |
| Operating income | 0.17 | 0.16 | 0.10 | 0.07 | 0.07 | 0.11 | 0.11 | -0.02 | 0.05 | 0.06 |
| Operating margin | 13.7% | 12.8% | 8.4% | 6.6% | 6.5% | 10.6% | 11.1% | -3.6% | 11.5% | 13.0% |
| Net income | 0.13 | 0.11 | 0.07 | 0.05 | 0.06 | 0.09 | 0.08 | -0.02 | 0.02 | 0.03 |
| Net margin | 10.0% | 9.2% | 6.2% | 4.4% | 4.9% | 8.4% | 8.1% | -2.5% | 4.5% | 7.9% |
| Diluted EPS | $5.41 | $4.67 | $2.91 | $1.94 | $2.28 | $3.87 | $3.66 | — | $1.82 | $3.21 |
| Free cash flow | 0.16 | 0.13 | 0.09 | 0.09 | 0.14 | 0.10 | 0.16 | 0.02 | 0.04 | 0.03 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open STRA in Markets.
How Strategic Education makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| US Higher Education | $221M | 65.4% |
| Australia New Zealand | $74.4M | 22.1% |
| Education Technology Services | $42.4M | 12.6% |
See also: STRA valuation and P/E history · STRA returns
No forecast, no recommendation. This page describes Strategic Education Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.