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Strategic Education, Inc. STRA Tuition Cap — Revenue remaining performance obligation

Other product segments

Learn and Earn Scholarship
$17.3M+8.8%

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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:RevenueRemainingPerformanceObligation.

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 tuition cap — revenue remaining performance obligation?
Strategic Education, Inc. (STRA) reported tuition cap — revenue remaining performance obligation of $8.1M in Q1 2026.
How has Strategic Education, Inc.'s tuition cap — revenue remaining performance obligation changed year-over-year?
Strategic Education, Inc.'s tuition cap — revenue remaining performance obligation increased by 37.3% year-over-year, from $5.9M to $8.1M.
What does tuition cap — revenue remaining performance obligation mean?
This metric represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as of the reporting date for the Tuition Cap program. It reflects the future revenue expected to be recognized as the company fulfills its educational service commitments to students. This serves as a key indicator of the company's future revenue visibility and the strength of its long-term student enrollment pipeline.