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

Other segment segments

U.S. Higher Education
$171.62M-2.2%
Education Technology Services
$19.71M+4.8%

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GMEAustralia — Other
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HURNEducation — Direct costs (exclusive of depreciation and amortization included below)
$90.68M+0.4%
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BRCEurope & Australia — Cost of goods sold
$69.99M+9.9%

Other financials

Income statement

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Revenue$305.9M+0.8%
Operating income$41.1M+3.2%
Net income$32.8M+10.3%
EPS (diluted)$1.48+19.4%

Balance sheet

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Cash & equivalents$160.8M+2.7%
Total debt$109.2M-8.6%
Total equity$1.6B-0.5%
Total assets$2.1B+0.2%

Cash flow

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Operating cash flow$87.4M+29.1%
CapEx$10.1M-2.4%
Free cash flow$77.3M+34.8%

Valuation

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Market cap$1.74B-9.4%

Profitability

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Operating margin13.8%+1.3pp
Net margin10.2%+1.1pp
FCF margin13.7%+4.1pp

Returns & leverage

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Return on equity7.9%+1.1pp
Debt / equity0.1×0.0×
Current ratio1.2×-0.1×

Where this comes from

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

Tagged under the XBRL concept us-gaap:DirectOperatingCosts.

The official record: Strategic Education, Inc.’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Strategic Education, Inc.'s australia / new zealand — direct segment expenses?
Strategic Education, Inc. (STRA) reported australia / new zealand — direct segment expenses of $48.32M in Q1 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 6.8% year-over-year, from $45.25M to $48.32M.
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.