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Strategic Education, Inc. STRA U.S. Higher Education — Direct segment expenses

Other segment segments

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$48.32M+6.8%
Education Technology Services
$19.71M+4.8%

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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: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 U.S. higher education — direct segment expenses?
Strategic Education, Inc. (STRA) reported U.S. higher education — direct segment expenses of $171.62M in Q1 2026.
How has Strategic Education, Inc.'s U.S. higher education — direct segment expenses changed year-over-year?
Strategic Education, Inc.'s U.S. higher education — direct segment expenses decreased by 2.2% year-over-year, from $175.54M to $171.62M.
What is the long-term trend for Strategic Education, Inc.'s U.S. higher education — direct segment expenses?
Over 3 years (2022 to 2025), Strategic Education, Inc.'s U.S. higher education — direct segment expenses has grown at a 1.5% compound annual growth rate (CAGR), from $676.9M to $707.37M.
What does U.S. higher education — direct segment expenses mean?
These are the operating costs directly attributable to the delivery of educational services within the segment, such as faculty salaries and instructional materials. Monitoring these expenses is essential for evaluating the direct cost structure of the academic business model.