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MARKETS / NASDAQ / LOPE
NASDAQ · SERVICES-EDUCATIONAL SERVICES · LARGE CAP

Grand Canyon Education, Inc. LOPE

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.1B
▲ 7.1% YoY
$216.2M
▼ 4.4% YoY
$238.6M
▼ 5.6% YoY
In brief

What this company does

GCE provides education services to 20 university partners across the United States, as of December 31, 2025. Its headquarters in Phoenix, Arizona include a four-story, 325,000 square foot administrative building with office space for approximately 2,700 employees, and a parking garage. Technology and academic services provided by GCE include maintenance of university partners' educational infrastructure, such as online course delivery and management, student records, assessment, and customer relations management systems. GCE also provides marketing and communication services, including lead acquisition, digital communication strategies, brand and creative development, media planning and optimization, video production, business intelligence and market research. Its counseling services and support include one-on-one admissions counseling, schedule counseling and financial counseling for prospective and current students of its university partners. GCE additionally provides back-office services to GCU that include finance, human resources and audit functions. The company was incorporated as a Delaware corporation in 2008 and completed its initial public offering in November 2008.

Written from the business description in Grand Canyon Education, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth
USD 1.1B
Revenue, FY2025 · full 17-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.1 · Net income 0.2
0.4B0.8B200920112013201520172019202120232025
Compound annual growth
+6.7%
+5.6%
+3.6%
+7.3%
+5.4%
−3.4%
+5.1%
+12.9%
+10.4%
+7.2%
+10.7%
+16.7%
−24.0%
+14.7%
+36.2%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +5.6% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
20 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 24.0% · Net 19.5%
10%20%30%200920112013201520172019202120232025
ROE
FY2025 · ROE 28.2%
10%20%30%200920112013201520172019202120232025

Each USD of equity produced 28 cents of profit this year.

Cash & shareholders
USD 264.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 238.6
100M200M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 264.8
400M800M200920112013201520172019202120232025

USD 264.8M in buybacks — 122% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 992.3M
EquityUSD 746.9M
CashUSD 111.8M
Current ratio3.65×

Equity funds 75% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B1.11.01.00.90.90.80.80.81.00.90.80.70.60.50.40.40.3
Operating income $B0.30.30.20.20.30.30.30.30.30.20.20.20.10.10.10.10.0
EBITDA $B0.30.30.30.30.30.30.30.30.30.3·······
Income tax $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.00.00.00.0
Net income $B0.20.20.20.20.30.30.30.20.20.10.10.10.10.10.10.00.0
Free cash flow $B0.20.30.20.20.30.30.30.10.20.1−0.0−0.00.00.00.0−0.00.0
EPS, diluted $7.717.736.805.735.925.455.374.734.223.152.782.371.921.531.120.760.60
Dividend / sh $·················
Payout %·················
ROE %28.230.130.222.019.917.019.520.823.121.524.227.230.635.034.833.031.7
Shares out B0.030.030.030.030.040.050.050.050.050.050.050.050.050.040.040.05·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

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Provenance
Company facts, as filed
How we verify · 0 failures in 66 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 10 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Educational Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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