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Strategic Education, Inc. STRA Education Technology Services — Enterprise shared services allocation

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NNIEducation Technology Services and Payments — Goodwill
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NNIEducation Technology Services and Payments (ETSP) — Cost of Services
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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 stra:EnterpriseSharedServicesAllocationExpense.

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 education technology services — enterprise shared services allocation?
Strategic Education, Inc. (STRA) reported education technology services — enterprise shared services allocation of $1.9M in Q2 2026.
How has Strategic Education, Inc.'s education technology services — enterprise shared services allocation changed year-over-year?
Strategic Education, Inc.'s education technology services — enterprise shared services allocation increased by 11.0% year-over-year, from $1.72M to $1.9M.
What is the long-term trend for Strategic Education, Inc.'s education technology services — enterprise shared services allocation?
Over 3 years (2022 to 2025), Strategic Education, Inc.'s education technology services — enterprise shared services allocation has grown at a 32.6% compound annual growth rate (CAGR), from $3.61M to $8.44M.
What does education technology services — enterprise shared services allocation mean?
This represents the portion of corporate-level shared services costs, such as administrative, legal, or IT support, allocated to the Education Technology Services segment. It ensures that the segment bears its fair share of the enterprise's centralized operational burden. Understanding this allocation is crucial for determining the true fully-loaded profitability of the segment.

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