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Graham Holdings GHC Education — Accrual balance related to stock based compensation

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Other financials

Income statement

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Revenue$1.3B+7.1%
Gross profit$340.5M-2.3%
Operating income$83.6M+15.0%
Net income$281.1M+665%
EPS (diluted)$64.86+677%

Balance sheet

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Cash & equivalents$208.1M-9.3%
Total debt$1.5B-12.8%
Total equity$4.8B+9.4%
Total assets$8.1B+6.9%

Cash flow

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Operating cash flow$52.7M-44.4%
CapEx$20.1M+19.4%
Free cash flow$32.6M-58.2%

Valuation

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Market cap$5.06B+20.2%
Enterprise value$6.38B+11.3%
P/E9.3×+3.2×
P/S+0.1×

Profitability

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Gross margin29.7%-2.6pp
Operating margin5.1%-0.6pp
Net margin10.7%-3.4pp
FCF margin4.9%-3.8pp

Returns & leverage

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Return on equity11.9%-4.5pp
Debt / equity0.3×-0.1×
Current ratio1.9×+0.6×

Where this comes from

Reported directly by Graham Holdings in its filing.

Tagged under the XBRL concept us-gaap:DeferredCompensationSharebasedArrangementsLiabilityCurrentAndNoncurrent.

The source filing: Graham Holdings’s 10-K, filed February 25, 2026.

Filed
Feb 25, 2026, 8:19 AM EST
Fiscal year
FY2025
Accession
0001628280-26-011405

Kaplan recorded stock compensation expense of $1.9 million, $0.5 million and $1.0 million in 2025, 2024 and 2023, respectively. At December 31, 2025, the Company’s accrual balance related to the Kaplan restricted shares totaled $14.7 million. There were no payouts in 2025, 2024 or 2023.

Item 16. Form 10-K Summary.

FAQ

What is Graham Holdings's education — accrual balance related to stock based compensation?
Graham Holdings (GHC) reported education — accrual balance related to stock based compensation of $14.7M in Q4 2025.
How has Graham Holdings's education — accrual balance related to stock based compensation changed year-over-year?
Graham Holdings's education — accrual balance related to stock based compensation increased by 15.7% year-over-year, from $12.7M to $14.7M.
What does education — accrual balance related to stock based compensation mean?
The cumulative liability or accrual balance held for future stock-based compensation obligations within the education segment. This reflects the company's commitment to future equity payouts and potential cash or share-based outflows.

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