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Graham Holdings GHC Kaplan International — Contract Asset, Noncurrent

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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:ContractWithCustomerAssetNetNoncurrent.

The source filing: Graham Holdings’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 8:25 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-050826

Contract Assets. As of June 30, 2026, the Company recognized a contract asset of $33.2 million related to a contract at a Kaplan International business, of which $5.9 million is included in Other current assets and $27.3 million is included in Deferred Charges and Other Assets. The Company expects to recognize an additional $199.8 million related to the remaining performance obligation in the contract over the next three years. As of December 31, 2025, the contract asset was $36.5 million, of which $4.4 million was included in Other current assets and $32.1 million was included in Deferred Charges and Other Assets. Additional contract assets of $2.8 million and $3.0 million are included in Other current assets on the Company’s Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025, respectively.

Item 1. Financial Statements.

FAQ

What is Graham Holdings's kaplan international — contract asset, noncurrent?
Graham Holdings (GHC) reported kaplan international — contract asset, noncurrent of $27.3M in Q2 2026.
How has Graham Holdings's kaplan international — contract asset, noncurrent changed year-over-year?
Graham Holdings's kaplan international — contract asset, noncurrent decreased by 10.8% year-over-year, from $30.6M to $27.3M.
What is the long-term trend for Graham Holdings's kaplan international — contract asset, noncurrent?
Over 4 years (2021 to 2025), Graham Holdings's kaplan international — contract asset, noncurrent has grown at a 24.8% compound annual growth rate (CAGR), from $52.1M to $126.2M.
What does kaplan international — contract asset, noncurrent mean?
This represents the portion of contract assets for the Kaplan International segment that is expected to be realized beyond the next twelve months. It reflects long-term service agreements or multi-year educational contracts where payment milestones are deferred. This metric helps in forecasting long-term revenue realization and assessing the duration of customer engagements.

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