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Strategic Education, Inc. STRA Education Technology Services — Consolidated income from operations

Other segment segments

U.S. Higher Education
$32.38M+56.0%
Australia / New Zealand
$1M-92.1%

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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:OperatingIncomeLoss.

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
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
Other income1,351

Item 1. Financial Statements

FAQ

What is Strategic Education, Inc.'s education technology services — consolidated income from operations?
Strategic Education, Inc. (STRA) reported education technology services — consolidated income from operations of $19.57M in Q2 2026.
How has Strategic Education, Inc.'s education technology services — consolidated income from operations changed year-over-year?
Strategic Education, Inc.'s education technology services — consolidated income from operations increased by 30.2% year-over-year, from $15.03M to $19.57M.
What is the long-term trend for Strategic Education, Inc.'s education technology services — consolidated income from operations?
Over 4 years (2021 to 2025), Strategic Education, Inc.'s education technology services — consolidated income from operations has grown at a 28.9% compound annual growth rate (CAGR), from $21.31M to $58.81M.
What does education technology services — consolidated income from operations mean?
This measures the operating profit of the Education Technology Services segment after accounting for both direct segment expenses and allocated enterprise shared services. It serves as the primary gauge of the segment's financial health and its contribution to the overall company's bottom line. A consistent increase in this metric demonstrates effective operational leverage and margin expansion.

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