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Strategic Education, Inc. income statement

In fiscal 2025, Strategic Education, Inc. reported revenue of $1.27bn, up 4.0% on the year before, operating income of $174m (a 13.7% margin) and net income of $127m, or $5.41 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue4414556349971,0281,1321,0651,1331,2201,2681,286
Selling and marketing7983137————————
General and administrative48129194272295361380384412425429
Operating income5752−23111109747195156174180
Interest expense11—————————
Provision for credit losses————49——————
Income before tax5753−191241147770101161177184
Income tax2232−34328222331495150
Net income3521−168186554770113127135
Diluted EPS$3.21$1.84−$1.03$3.67$3.77$2.28$1.94$2.91$4.67$5.41$5.98
Diluted shares (average)11m11m15m22m23m24m24m24m24m23m22m
EBITDA75719160161133123144200223228

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Strategic Education, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Strategic Education, Inc.