LAUREATE EDUCATION, INC. LAUR
We operate a portfolio of degree-granting higher education institutions in Mexico and Peru. These institutions, which we collectively refer to as the Laureate International Universities network, are leading brands in their respective markets and offer a broad range of undergraduate and graduate degrees through campus-based, online and hybrid programs. Collectively, we have approximately 497,700 students enrolled at five institutions with over 50 campuses as of December 31, 2025. Our institutions in Mexico and Peru operate within scaled country networks, which provide advantages in terms of shared infrastructure, technology, curricula and operational best practices. Our students are enrolled at traditional, campus-based institutions offering multi-year degrees, with an average program length of four years, similar to leading private and public higher education institutions in developed markets such as the United States and Europe.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.70B | $1.57B | $1.48B | $1.24B | $1.09B | $1.02B | $1.21B | $1.14B | $3.33B | $3.30B |
| Cost of revenue | $1.22B | $1.15B | $1.09B | $907.4M | $814.5M | $802.5M | $949.5M | $904.0M | $2.78B | $2.79B |
| Gross profit | $482.2M | $419.8M | $394.5M | $334.9M | $272.2M | $222.5M | $262.6M | $240.6M | $557.7M | $513.2M |
| SG&A | $51.1M | $45.8M | $52.6M | $64.8M | $204.4M | $199.8M | $226.3M | $267.4M | $315.5M | $222.5M |
| Operating income | $431.1M | $374.0M | $338.8M | $270.0M | -$4.6M | -$329.3M | $36.0M | -$26.8M | $235.2M | $290.7M |
| Interest expense | $10.7M | $18.1M | $21.0M | $16.4M | $46.3M | $100.9M | $125.0M | $188.4M | $334.9M | $390.4M |
| Pre-tax income | $400.9M | $414.5M | $254.5M | $245.9M | -$137.5M | -$450.8M | -$119.7M | -$120.1M | -$76.8M | $367.1M |
| Income tax | $117.3M | $119.0M | $137.6M | $185.4M | $145.6M | $130.1M | $31.0M | $71.2M | $93.0M | $34.4M |
| Net income | $281.6M | $296.5M | $107.6M | $69.6M | $192.4M | -$613.3M | $938.5M | $370.1M | $91.5M | $371.8M |
| EPS, basic | 1.91 | 1.93 | 0.69 | 0.42 | 1.01 | -2.93 | 4.23 | 1.79 | -1.20 | 2.78 |
| EPS, diluted | 1.89 | 1.92 | 0.68 | 0.41 | 1.01 | -2.93 | 4.23 | 1.73 | -1.20 | 2.76 |
| Shares, diluted (wtd. avg.) | $148.7M | $153.9M | $157.9M | $168.3M | $189.7M | $209.7M | $221.9M | $212.8M | $172.4M | $134.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $146.7M | $91.3M | $89.4M | $93.8M | $345.6M | $867.3M | $97.8M | $125.6M | $123.9M | $467.8M |
| Receivables | — | — | — | — | — | — | $260.5M | $225.3M | $311.1M | $334.8M |
| Total current assets | $318.3M | $227.3M | $224.4M | $226.2M | $544.3M | $1.44B | $916.1M | $1.22B | $1.29B | $1.12B |
| Property, plant and equipment | $628.6M | $514.3M | $562.2M | — | — | $578.5M | $640.6M | $1.28B | $1.38B | $2.15B |
| Goodwill | $637.3M | $563.4M | $661.5M | $583.5M | $546.8M | $574.8M | $606.5M | $578.5M | $1.83B | $1.79B |
| Other intangibles | $166.2M | $147.9M | $169.2M | $151.6M | $142.8M | $225.6M | $562.1M | $1.15B | $1.20B | $1.35B |
| Total assets | $2.21B | $1.86B | $2.13B | $1.97B | $2.21B | $4.97B | $6.50B | $6.77B | $7.39B | $7.06B |
| Accounts payable | $57.1M | $35.3M | $43.2M | $42.8M | $26.9M | $41.1M | $63.4M | $65.4M | $70.1M | $86.7M |
| Total current liabilities | $472.9M | $367.9M | $453.2M | $381.4M | $371.9M | $804.6M | $1.05B | $1.19B | $1.37B | $1.44B |
| Long-term debt | $73.1M | $59.0M | $112.2M | — | — | — | $1.26B | $2.59B | $2.97B | $3.63B |
| Total liabilities | $1.02B | $903.5M | $1.18B | $1.20B | $1.07B | $2.71B | $3.68B | $4.70B | $5.39B | $6.04B |
| Retained earnings | $416.9M | $291.6M | $41.9M | $39.2M | $15.5M | -$176.8M | $436.5M | -$530.9M | -$946.2M | -$1.04B |
| Total equity | $1.19B | $959.5M | $947.7M | $774.4M | $1.14B | $2.26B | $2.80B | $2.05B | $1.59B | $664.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $366.2M | $232.7M | $250.8M | $178.2M | -$156.1M | $259.6M | $339.8M | $396.9M | $192.2M | $192.3M |
| Depreciation and amortisation | $74.5M | $68.2M | $69.6M | $59.1M | $101.2M | — | — | — | — | — |
| Stock-based compensation | $13.3M | $7.8M | $7.1M | $8.8M | $10.2M | $13.3M | $13.0M | $10.8M | $64.8M | $38.8M |
| Capital expenditure | $103.0M | $71.9M | $56.4M | $52.8M | $50.4M | $74.6M | $155.6M | $238.0M | $274.1M | $240.3M |
| Investing cash flow | -$102.6M | -$57.5M | -$51.9M | $30.3M | $2.04B | $587.4M | $1.12B | $115.5M | -$284.7M | $297.3M |
| Financing cash flow | -$222.5M | -$166.9M | -$201.9M | -$461.6M | -$2.68B | -$272.7M | -$1.67B | -$410.1M | $157.6M | -$445.7M |
| Buybacks | $215.2M | $102.1M | $0 | $282.2M | $380.5M | $99.5M | $264.1M | $0 | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-009479.
Others in SIC 8200
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|---|---|---|---|---|
| GHC | Graham Holdings Co | $4.84B | 17.1x | 2.5% |
| CVSA | Covista Inc. | $4.36B | 18.2x | 9.3% |
| LOPE | Grand Canyon Education, Inc. | $3.98B | 19.8x | 7.1% |
| LRN | Stride, Inc. | $3.52B | 11.9x | 4.7% |
| PRDO | PERDOCEO EDUCATION Corp | $2.08B | 13.7x | 24.2% |
| STRA | Strategic Education, Inc. | $1.81B | 15.1x | 4.0% |
| UTI | UNIVERSAL TECHNICAL INSTITUTE INC | $1.22B | 19.6x | 14.0% |
| NRDY | Nerdy Inc. | $1.18B | — | -5.9% |