Grand Canyon Education, Inc. LOPE

Industrials SIC 8200 - Services-Educational Services NAICS Educational Services derived Nasdaq

Grand Canyon Education, Inc., a Delaware corporation ("GCE" or the "Company") is a publicly traded education services company dedicated to serving colleges and universities. GCE has developed significant technological solutions, infrastructure and operational processes to provide services to these institutions on a large scale. GCE's most significant university partner is Grand Canyon University ("GCU"), an Arizona non-profit corporation that operates a comprehensive regionally accredited university that offers graduate and undergraduate degree programs, emphases and certificates across ten colleges both online and on ground at its campus in Phoenix, Arizona and at eleven off-campus classroom and laboratory sites. As of December 31, 2025, GCE provided education services and support to over 136,200 students with more than 131,800 students enrolled in GCU's programs, emphases and certificates.

Last close 162.83 2026-10-23
Market cap $4.24B 2026-06-30 share count
52-week range 134.27 - 220.64

Valuation FY2025 figures against the last close

P/S3.8x
P/E21.1x
P/FCF17.8x
EV/EBITDA14.3x
Dividend yield—
Diluted EPS7.71

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.11B$1.03B$960.9M$911.3M$896.6M$844.1M$778.6M$845.5M$974.1M$873.3M
SG&A $47.4M$46.3M$43.2M$45.5M$41.8M$43.4M$44.3M$30.0M$27.2M$28.1M
Total operating expenses $840.2M$757.6M$711.6M$673.8M$614.4M$566.7M$513.5M$587.4M$691.4M$636.1M
Operating income $265.9M$275.4M$249.3M$237.5M$282.2M$277.4M$265.1M$258.1M$282.8M$237.2M
Interest expense —$4.0K$33.0K$2.0K$3.6M$4.4M$11.3M$1.5M$2.2M$1.3M
Pre-tax income $279.9M$291.3M$259.7M$240.1M$331.3M$333.1M$317.5M$287.0M$283.5M$236.1M
Income tax $63.7M$65.1M$54.7M$55.4M$70.9M$75.9M$58.3M$58.0M$80.2M$87.6M
Net income $216.2K$226.2K$205.0K$184.7K$260.3K$257.2M$259.2M$229.0M$203.3M$148.5M
EPS, basic 7.767.776.835.755.945.495.424.814.313.22
EPS, diluted 7.717.736.805.735.925.455.374.734.223.15
Shares, diluted (wtd. avg.) 28.0M29.3M30.1M32.2M44.0M47.2M48.3M48.4M48.2M47.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $111.8M$324.6M$146.5M$120.4M$600.9M$245.8M$122.6M$182.0M$248.0M$130.9M
Short-term investments $188.3M$0$98.0M$61.3M$0———$89.3M$138.2M
Receivables $84.3M$82.9M$78.8M$77.4M$70.1M$62.2M$48.9M$46.8M$10.9M$9.5M
Total current assets $400.2M$420.0M$337.5M$273.3M$681.0M$333.7M$208.3M$309.5M$374.9M$230.1M
Property, plant and equipment $179.0M$176.8M$169.7M$147.5M$136.1M$128.7M$119.7M$111.0M$922.3M$855.5M
Goodwill $160.8M$160.8M$160.8M$160.8M$160.8M$160.8M$160.8M$2.9M$2.9M$2.9M
Other intangibles $151.5M$160.0M$168.4M$176.8M$185.2M$193.6M$202.1M———
Total assets $992.3M$1.02B$930.5M$832.7M$1.22B$1.84B$1.69B$1.32B$1.30B$1.09B
Accounts payable $24.3M$26.7M$17.7M$20.0M$24.3M$16.6M$14.8M$14.3M$29.1M$24.8M
Total current liabilities $109.8M$111.0M$97.0M$99.7M$97.9M$118.7M$95.2M$80.5M$238.1M$226.8M
Long-term debt —————$107.8M$140.9M———
Total liabilities $245.4M$234.6M$212.4M$195.1M$177.7M$270.2M$246.9M$110.4M$317.6M$318.8M
Retained earnings $2.69B$2.47B$2.24B$2.04B$1.86B$1.59B$1.34B$1.08B$854.2M$650.9M
Total equity $746.9M$783.9M$718.0M$637.6M$1.05B$1.57B$1.44B$1.21B$986.0M$773.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $273.5M$290.0M$243.7M$220.8M$313.1M$308.8M$306.3M$199.1M$304.9M$237.8M
Depreciation and amortisation $31.2M$27.8M$23.1M$22.1M$21.4M$20.8M$18.4M$35.5M$53.6M$44.8M
Capital expenditure $34.8M$37.2M$44.5M$35.2M$28.9M$29.4M$22.4M$94.5M$113.6M$178.3M
Investing cash flow -$221.6M$61.4M-$80.5M-$97.1M$951.0M-$19.4M-$405.9M-$238.2M-$152.1M-$216.0M
Financing cash flow -$264.8M-$173.2M-$137.1M-$604.2M-$908.9M-$166.3M$40.1M-$26.8M-$35.7M$10.7M
Buybacks $264.8M$173.2M$137.1M$604.2M$803.8M$134.0M$43.9M$24.8M$11.3M$20.1M

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 0001104659-26-047719.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 500M 1B 1.5B Revenue, FY2016: 873.3M Net income, FY2016: 148.5M Revenue, FY2017: 974.1M Net income, FY2017: 203.3M Revenue, FY2018: 845.5M Net income, FY2018: 229M Revenue, FY2019: 778.6M Net income, FY2019: 259.2M Revenue, FY2020: 844.1M Net income, FY2020: 257.2M Revenue, FY2021: 896.6M Net income, FY2021: 260.3K Revenue, FY2022: 911.3M Net income, FY2022: 184.7K Revenue, FY2023: 960.9M Net income, FY2023: 205K Revenue, FY2024: 1B Net income, FY2024: 226.2K Revenue, FY2025: 1.1B Net income, FY2025: 216.2K FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $873.3M $974.1M $845.5M $778.6M $844.1M $896.6M $911.3M $960.9M $1.03B $1.11B
Gross profit — — — — — — — — — —
Net income $148.5M $203.3M $229.0M $259.2M $257.2M $260.3K $184.7K $205.0K $226.2K $216.2K

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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