Strategic Education, Inc.STRAEarnings & Financial Report
Strategic Education, Inc. (SEI) is an education services holding company and is formerly known as Strayer Education, Inc. The company owns for-profit, online Capella University and Strayer University, as well as non-degree programs schools such as DevMountain, Hackbright Academy, and Sophia Learning.
Revenue
$323.2M
Gross Profit
N/A
Operating Profit
$51.6M
Net Profit
$37.9M
Gross Margin
N/A
Operating Margin
16.0%
Net Margin
11.7%
YoY Growth
3.8%
EPS
$1.65
Financial Flow
Strategic Education, Inc. Q4 2025 Financial Summary
Strategic Education, Inc. reported revenue of $323.2M (up 3.8% YoY) for Q4 2025, with a net profit of $37.9M (up 49.6% YoY) (11.7% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $323.2M |
|---|---|
| Net Profit | $37.9M |
| Gross Margin | N/A |
| Operating Margin | 16.0% |
| Report Period | Q4 2025 |
Revenue Breakdown
Strategic Education, Inc. Q4 2025 revenue of $323.2M breaks down across 4 segments, led by Tuition Grants And Scholarship at $208.3M (64.4% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Tuition Grants And Scholarship | $208.3M | 64.4% |
| Australia New Zealand Segment | $65.6M | 20.3% |
| Education Technology Services | $39.1M | 12.1% |
| Service Other | $10.2M | 3.2% |
Strategic Education, Inc. Revenue by Segment — Quarterly Trend
Strategic Education, Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Tuition Grants And Scholarship and Australia New Zealand Segment) has evolved quarter over quarter.
| Segment | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|
| Tuition Grants And Scholarship | — | $208.3M | $203.3M | $206.7M |
| Australia New Zealand Segment | — | $65.6M | $68.6M | $69.1M |
| Education Technology Services | $34.3M | $39.1M | $38.3M | $36.7M |
| Service Other | — | $10.2M | $9.8M | $8.9M |
Strategic Education, Inc. Annual Revenue by Year
Strategic Education, Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $1.3B).
| Year | Annual Revenue |
|---|---|
| 2025 | $1.3B |
| 2024 | $1.2B |
| 2023 | $1.1B |
| 2022 | $1.1B |
Strategic Education, Inc. Quarterly Revenue & Net Profit History
Strategic Education, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 2026 | $305.9M | -0.8% | $29.7M | 9.7% |
| Q4 2025 | $323.2M | +3.8% | $37.9M | 11.7% |
| Q3 2025 | $319.9M | +4.6% | $26.6M | 8.3% |
| Q2 2025 | $321.5M | +2.9% | $32.3M | 10.1% |
| Q1 2025 | $303.6M | +4.6% | $29.7M | 9.8% |
| Q4 2024 | $311.5M | +2.9% | $25.3M | 8.1% |
| Q3 2024 | $306.0M | +7.0% | $27.7M | 9.1% |
| Q2 2024 | $312.3M | +8.5% | $29.9M | 9.6% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $312.3M | $306.0M | $311.5M | $303.6M | $321.5M | $319.9M | $323.2M | $305.9M |
| YoY Growth | 8.5% | 7.0% | 2.9% | 4.6% | 2.9% | 4.6% | 3.8% | -0.8% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $2.18B | $2.19B | $2.05B | $2.07B | $2.09B | $2.11B | $2.04B | $2.04B |
| Liabilities | $499.4M | $470.7M | $387.2M | $430.9M | $424.8M | $455.9M | $392.1M | $392.1M |
| Equity | $1.68B | $1.72B | $1.66B | $1.64B | $1.67B | $1.66B | $1.65B | $1.65B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $24.3M | $51.5M | $15.9M | $67.7M | $31.2M | $60.1M | $39.2M | $67.7M |