FY2025 · ended Dec 31, 2025 · Revenue $1.27B, +4.0% YoY · Filed Feb 27, 2026
Strategic Education, Inc. (STRA) files with the SEC under industry code 8200, Services-Educational Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.3 billion and net income of $126.6 million. Free cash flow was $153.9 million. As of Sep 30, 2026 it held $138.6 million in cash and investments and $102.9 million in total debt.
Revenue (TTM)
$1.29B
+2.8% vs year-ago TTM
Net income (TTM)
$9.57M
-91.6% vs year-ago TTM
Operating cash flow (TTM)
$212.69M
+21.6% vs year-ago TTM
Free cash flow (TTM)
$163.63M
+24.3% vs year-ago TTM
EPS (TTM)
$0.44
-90.8% vs year-ago TTM
Dividend per share (TTM)
$2.40
+0.0% vs year-ago TTM
Shares outstanding
22.73M
-7.2% vs prior year
Net cash
$35.66M
as of Sep 30, 2026
Operating margin
4.3%
FY 2026
Company profile
- Industry
- Services-Educational Services (SIC 8200)
- Listed as
- STRA (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- MD
- Headquarters
- Herndon, VA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1013934
- Former names
- Strategic Education, Inc. (until Oct 8, 2026); STRAYER EDUCATION INC (until Jul 9, 2018)
Other Services-Educational Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $1.1B | $1.1B | $1.1B |
| Operating income | $174.2M | $155.6M | $95.3M | $70.8M | $73.9M |
| Net income | $126.6M | $112.7M | $69.8M | $46.7M | $55.1M |
| Diluted EPS | $5.41 | $4.67 | $2.91 | $1.94 | $2.28 |
| Operating cash flow | $198.2M | $169.3M | $117.1M | $126.1M | $180.5M |
| Free cash flow | $153.9M | $128.8M | $80.2M | $82.9M | $131.1M |
| Total assets | $2.0B | $2.0B | $2.1B | $2.2B | $2.3B |
| Total liabilities | $392.1M | $387.2M | $472.7M | $526.0M | $591.9M |
| Stockholders' equity | $1.6B | $1.7B | $1.7B | $1.6B | $1.7B |
| Cash and investments | $153.1M | $199.0M | $208.7M | $235.9M | $298.8M |
| Total debt | $109.1M | $125.2M | $213.3M | $259.3M | $331.5M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Jul 29, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 29, 2026 | Jul 29, 2026 |
| 10-Q | Quarterly report | Apr 23, 2026 | Mar 31, 2026 |
| 8-K |
Current report
Results of operations
|
Apr 23, 2026 | Apr 23, 2026 |
| ARS | Annual report to shareholders | Mar 11, 2026 | Dec 31, 2025 |
| 10-K | Annual report | Feb 27, 2026 | Dec 31, 2025 |
All 1000 Strategic Education, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.