Strategic Education, Inc. STRA

Industrials SIC 8200 - Services-Educational Services Nasdaq

Strategic Education, Inc. ("SEI," "we," "us," "our," or "the Company") is an education services company that provides access to high-quality education through campus-based and online post-secondary education offerings, as well as through programs to develop job-ready skills for high-demand markets. We operate primarily through our wholly-owned subsidiaries, Capella University and Strayer University, both accredited post-secondary institutions of higher education located in the United States, and Torrens University, an accredited post-secondary institution of higher education located in Australia. Our operations also include the Education Technology Services segment, which primarily develops and maintains relationships with employers to build education benefits programs that provide employees access to affordable and industry-relevant training, certificate, and degree programs, including through Workforce Edge, a full-service education benefits administration solution for employers, and Sophia Learning, which offers low-cost online general education-level courses.

Last close 81.59 2026-09-04
Market cap $1.81B 2026-06-30 share count
52-week range 69.70 - 89.73

Valuation FY2025 figures against the last close

P/S1.4x
P/E15.1x
P/FCF11.8x
EV/EBITDA8.1x
Dividend yield3.2%
Diluted EPS5.41

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $1.27B$1.22B$1.13B$1.07B$1.13B$1.03B$997.1M$634.2M$454.9M$441.1M
Cost of revenue $245.2M$241.0M
Gross profit $209.7M$200.1M
SG&A $425.0M$412.2M$384.4M$379.8M$361.3M$295.2M$272.4M$194.0M$129.3M$47.9M
Total operating expenses $1.09B$1.06B$1.04B$994.7M$1.06B$918.3M$886.6M$656.9M$402.6M$383.6M
Operating income $174.2M$155.6M$95.3M$70.8M$73.9M$109.4M$110.5M-$22.7M$52.2M$57.5M
Interest expense $642.0K$642.0K
Pre-tax income $177.4M$161.4M$100.7M$69.6M$76.6M$114.0M$123.7M-$19.1M$52.6M$57.3M
Income tax $50.8M$48.7M$30.9M$22.9M$21.5M$27.7M$42.6M$3.5M$32.0M$22.5M
Net income $126.6M$112.7M$69.8M$46.7M$55.1M$86.3M$81.1M-$15.7M$20.6M$34.8M
EPS, basic 5.574.812.981.972.303.813.73-1.031.933.28
EPS, diluted 5.414.672.911.942.283.773.67-1.031.843.21
Shares, diluted (wtd. avg.) $23.4M$24.1M$24.0M$24.0M$24.1M$22.9M$22.1M$15.2M$11.2M$10.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $140.8M$137.1M$181.9M$227.5M$279.2M$202.0M$420.5M$312.2M$156.4M$129.8M
Short-term investments $7.3M$46.9M$39.7M$9.2M$6.5M$7.6M$34.9M$37.1M
Receivables $78.2M$76.1M$76.1M$63.0M$51.3M$50.2M$51.5M$55.7M$23.1M$20.5M
Total current assets $277.9M$304.9M$329.1M$329.1M$367.8M$286.1M$524.1M$420.4M$190.3M$160.5M
Property, plant and equipment $107.4M$111.2M$118.5M$132.8M$150.6M$158.9M$117.0M$122.7M$73.8M$73.1M
Goodwill $1.24B$1.21B$1.25B$1.25B$1.29B$1.32B$732.1M$732.5M$20.7M$20.7M
Other intangibles $249.2M$245.1M$251.6M$260.5M$276.4M$326.4M$273.0M$328.3M$7.3M
Total assets $2.04B$2.05B$2.13B$2.16B$2.31B$2.30B$1.79B$1.66B$321.3M$298.7M
Accounts payable $105.8M$101.7M$90.9M$90.6M$95.5M$104.7M$90.8M$86.0M$46.2M$41.1M
Total current liabilities $217.9M$216.5M$209.6M$209.9M$195.8M$200.1M$156.7M$125.1M$69.1M$59.8M
Long-term debt $0$61.4M$101.4M$141.6M$141.8M$0
Total liabilities $392.1M$387.2M$472.7M$526.0M$591.9M$547.5M$326.7M$235.8M$112.1M$110.3M
Retained earnings $255.5M$218.4M$168.9M$159.7M$174.6M$179.6M$152.8M$118.3M$162.0M$152.8M
Total equity $1.65B$1.66B$1.65B$1.64B$1.71B$1.75B$1.46B$1.43B$209.2M$188.4M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $198.2M$169.3M$117.1M$126.1M$180.5M$142.9M$202.1M$46.9M$56.2M$44.5M
Depreciation and amortisation $48.4M$44.4M$48.4M$52.0M$59.1M$51.8M$49.5M$31.4M$18.7M$17.8M
Stock-based compensation $23.0M$25.6M$19.8M$21.8M$18.1M$14.6M$12.2M$15.5M$11.6M$10.8M
Capital expenditure $44.3M$40.6M$36.9M$43.2M$49.4M$46.8M$38.7M$27.5M$18.1M$13.2M
Investing cash flow $8.5M-$64.4M-$48.5M-$31.4M-$33.1M-$642.2M-$38.1M$130.1M-$18.1M-$20.8M
Financing cash flow -$206.2M-$136.8M-$113.6M-$142.4M-$67.9M$279.2M-$55.8M-$21.2M-$11.4M-$1.4M
Dividends paid $57.5M$59.0M$58.8M$59.2M$59.0M$56.0M$46.6M$27.8M$11.4M
Buybacks $138.9M$11.5M$10.0M$40.1M$5.9M$247.0K$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 0001013934-26-000006.

Others in SIC 8200

TickerCompanyMarket capP/ERevenue growth
LAUR LAUREATE EDUCATION, INC. $5.06B 19.4x 8.6%
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%
UTI UNIVERSAL TECHNICAL INSTITUTE INC $1.22B 19.6x 14.0%
NRDY Nerdy Inc. $1.18B -5.9%