Strategic Education Financials

Values in thousands	2026-06-30	2026-03-31	2025-12-31	2025-09-30
Revenue	$337,264	$305,928	$323,210	$319,949
Gross Profit	159,392	151,157	163,262	157,225
EBITDA	51,831	53,216	66,424	48,731
EBIT		42,290	53,174	36,769
Net Income	37,159	32,809	37,909	26,630
Net Change In Cash	337,264	305,928	323,210	319,949
Free Cash Flow	27,877	77,308	26,953	49,280
Cash	123,755	150,350	140,757	160,011
Basic Shares	21,736	22,171	22,819	23,209

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