Strategic Education Financials

Values in thousands	2026-09-30	2026-06-30	2026-03-31	2025-12-31
Revenue	$325,067	$337,264	$305,928	$323,210
Gross Profit	161,423	159,392	151,157	163,262
EBITDA	-75,698	64,140	53,485	66,424
EBIT	-87,288	52,945	42,290	53,174
Net Income	-98,311	37,159	32,809	37,909
Net Change In Cash	325,067	337,264	305,928	323,210
Free Cash Flow	44,324	27,877	77,308	26,953
Cash	126,575	123,755	150,350	140,757
Basic Shares	21,028	21,736	22,171	22,819

Values in thousands	2025-12-31	2024-12-31	2023-12-31	2022-12-31
Revenue	$1,268,220	$1,219,930	$1,132,924	$1,065,480
Gross Profit	621,109	569,434	509,021	468,159
EBITDA	225,803	201,654	170,434	137,116
EBIT	177,393	157,276	113,121	73,992
Net Income	126,614	112,684	69,791	46,670
Net Change In Cash	1,268,220	1,219,930	1,132,924	1,065,480
Free Cash Flow	153,946	128,751	80,176	82,882
Cash	140,757	137,074	168,481	213,667
Basic Shares	22,819	24,140	23,956	23,998