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Strategic Education, Inc. STRA U.S. Higher Education — Consolidated revenue

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 itemFor the three months ended June 30, 2025For the three months ended June 30, 2026For the six months ended June 30, 2025For the six months ended June 30, 2026
U.S. Higher Education Segment
Tuition, net of discounts, grants and scholarships$206,714$207,340$418,460$410,154
Other(1)8,92113,18618,18322,963
Total U.S. Higher Education Segment215,635220,526436,643433,117
Australia/New Zealand Segment
Tuition, net of discounts, grants and scholarships67,84973,407114,295124,491
Other(1)1,2959773,1091,713
Total Australia/New Zealand Segment69,14474,384117,404126,204

Item 1. Financial Statements

FAQ

What is Strategic Education, Inc.'s U.S. higher education — consolidated revenue?
Strategic Education, Inc. (STRA) reported U.S. higher education — consolidated revenue of $220.53M in Q2 2026.
How has Strategic Education, Inc.'s U.S. higher education — consolidated revenue changed year-over-year?
Strategic Education, Inc.'s U.S. higher education — consolidated revenue increased by 2.3% year-over-year, from $215.64M to $220.53M.
What is the long-term trend for Strategic Education, Inc.'s U.S. higher education — consolidated revenue?
Over 4 years (2021 to 2025), Strategic Education, Inc.'s U.S. higher education — consolidated revenue has grown at a 1.2% compound annual growth rate (CAGR), from $829.27M to $868.24M.
What does U.S. higher education — consolidated revenue mean?
This represents the total gross income generated by the U.S. Higher Education segment from its core educational service offerings. It reflects the company's ability to attract and retain students within its domestic post-secondary institutions.

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