Grand Canyon Education Financials

Values in thousands	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Revenue	$308,760	$308,119	$261,142	$247,499
Gross Profit	171,873	174,365	131,829	121,342
EBITDA	108,931	122,040	31,824	64,929
EBIT	98,483	111,776	21,656	55,015
Net Income	75,348	86,732	16,274	41,546
Net Change In Cash	308,760	308,119	261,142	247,499
Free Cash Flow	80,079	122,854	-58,277	115,387
Cash	96,145	111,762	97,284	192,278
Basic Shares	26,869	27,608	27,897	28,134

Values in thousands	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	$1,106,070	$1,033,002	$960,899	$911,306
Gross Profit	588,360	544,433	503,710	487,500
EBITDA	319,753	327,873	291,681	271,298
EBIT	279,851	291,319	259,708	240,121
Net Income	216,170	226,234	204,985	184,675
Net Change In Cash	1,106,070	1,033,002	960,899	911,306
Cost of Revenue				-480,532
Free Cash Flow	238,648	252,710	198,228	185,190
Cash	111,762	324,623	146,475	120,409
Basic Shares	28,024	29,271	30,147	32,237