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Strategic Education, Inc. STRA Australia / New Zealand — Direct segment expenses

Other segment segments

U.S. Higher Education
$174.12M-3.2%
Education Technology Services
$20.88M+4.7%

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Other financials

Income statement

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Revenue$337.3M+4.9%
Operating income$50.5M+10.3%
Net income$37.2M+14.9%
EPS (diluted)$1.71+24.8%

Balance sheet

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Cash & equivalents$132.1M-8.9%
Total debt$106.7M-11.3%
Total equity$1.6B-2.0%
Total assets$2.1B-1.1%

Cash flow

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Operating cash flow$29.2M-6.5%
CapEx$14.1M+30.5%
Free cash flow$15.0M-26.2%

Valuation

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Market cap$1.86B+5.8%
Enterprise value$1.84B+5.8%
P/E13.9×-1.4×
P/S1.5×0.0×

Profitability

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Operating margin14%+1.3pp
Net margin10.5%+1.2pp
FCF margin13.1%+3.1pp

Returns & leverage

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Return on equity8.2%+1.3pp
Debt / equity0.1×0.0×
Current ratio1.1×-0.2×

Where this comes from

Reported directly by Strategic Education, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The source filing: Strategic Education, Inc.’s 10-Q, filed July 29, 2026.

Filed
Jul 29, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001013934-26-000018
Line itemU.S. Higher EducationAustralia/New Zealand(1)Education Technology ServicesTotal
Revenues$220,526$74,384$42,354$337,264
Segment expenses
Direct segment expenses174,12267,83420,883262,839
Enterprise shared services allocation14,0295,5481,90321,480
Segment income from operations$32,375$1,002$19,568$52,945
Unallocated expenses
Restructuring costs(2,465)
Consolidated income from operations$50,480

Item 1. Financial Statements

FAQ

What is Strategic Education, Inc.'s australia / new zealand — direct segment expenses?
Strategic Education, Inc. (STRA) reported australia / new zealand — direct segment expenses of $67.83M in Q2 2026.
How has Strategic Education, Inc.'s australia / new zealand — direct segment expenses changed year-over-year?
Strategic Education, Inc.'s australia / new zealand — direct segment expenses increased by 33.3% year-over-year, from $50.87M to $67.83M.
What is the long-term trend for Strategic Education, Inc.'s australia / new zealand — direct segment expenses?
Over 3 years (2022 to 2025), Strategic Education, Inc.'s australia / new zealand — direct segment expenses has grown at a 3.0% compound annual growth rate (CAGR), from $177.66M to $194.21M.
What does australia / new zealand — direct segment expenses mean?
This represents the operating costs directly attributable to the delivery of educational services within the Australia and New Zealand segment, such as faculty salaries, campus maintenance, and instructional materials. It is a key measure of the segment's operational efficiency and cost management.

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