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NASDAQ · SERVICES-EDUCATIONAL SERVICES · LARGE CAP

Strategic Education, Inc. STRA

18 fiscal years on record · USD · FY2025 reported · SEC filings only
$1.3B
▲ 4.0% YoY
$126.6M
▲ 12.4% YoY
$153.9M
▲ 19.6% YoY

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

In brief

What this company does

Strategic Education, Inc. is an education services company that provides campus-based and online post-secondary education, as well as programs to develop job-ready skills for high-demand markets. It generated revenue of $1.3 billion in 2025. As of December 31, 2025, it had 3,683 full-time employees and 2,451 part-time employees worldwide, excluding contractors. As of December 31, 2025, its three reportable segments consisted of U.S. Higher Education, Australia/New Zealand, and Education Technology Services. Its USHE segment provides certificate and degree programs to working adults through Capella University and Strayer University. Its ANZ segment is comprised of Torrens University, Think Education, and MDS. Its ETS segment supports employers and working adult learners through a portfolio of technology-enabled education solutions. Strayer University, founded in 1892, is an accredited institution of higher education offering undergraduate and graduate degree programs in business, criminal justice, education, health services, information technology, and public administration, primarily online but also at physical campuses predominantly located in the eastern United States.

Written from the business description in Strategic Education, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth

USD 1.3B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 1.3 · Net income 0.1
0.5B1.0B
2008201120142017202020232025
Compound annual growth
+6.0%
+4.3%
+11.3%
+4.7%
+39.5%
+8.0%
+12.2%
−0.2%
+40.8%
+7.5%
+0.0%
+0.0%
+25.5%
+28.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +4.3% a year over the five years to FY2025 — but profit grew faster: net income at +8.0%, earnings per share at +7.5%.

The share count fell from 0.02B to 0.02B — the buyback concentrates the same profit into fewer slices.

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

10 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 13.7% · Net 10.0%
10%20%30%
200820162025
ROE
FY2025 · ROE 7.7%
50%100%150%
200820162025
Three returns, three denominators.

Each USD of equity produced 8 cents of profit this year.

Cash & shareholders

USD 196.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 153.9
100M200M
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 57.5 · Net buybacks 138.9
100M200M-100M-200MDividendsNet buybacks
20082010201220172019202120232025

USD 57.5M in dividends and USD 138.9M in buybacks — 155% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 2.0B
EquityUSD 1.6B
CashUSD 140.8M
Current ratio1.27×

Equity funds 81% of total assets.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
STRA, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B1.31.21.11.11.11.01.00.60.50.40.40.40.50.60.60.60.50.4
Operating income $B0.20.20.10.10.10.10.1−0.00.10.10.10.10.00.10.20.20.20.1
EBITDA $B0.20.20.10.10.10.20.20.00.10.1◌◌◌◌◌◌◌◌
Income tax $B0.10.00.00.00.00.00.0−0.00.00.00.00.00.00.00.10.10.10.1
Net income $B0.10.10.10.00.10.10.1−0.00.00.00.00.00.00.10.10.10.10.1
Free cash flow $B0.20.10.10.10.10.10.20.00.00.00.10.10.10.10.10.10.10.1
EPS, diluted $5.414.672.911.942.283.773.67−1.031.843.213.734.351.555.768.889.707.605.67
Dividend / sh $2.402.402.402.402.402.402.101.501.00◌◌◌◌◌◌◌◌◌
Payout %4552841271076557−17855————7246343029
ROE %7.76.84.22.83.25.45.6−1.910.421.034.070.441.1158.397.271.857.445.9
Shares out B0.020.020.020.020.020.020.020.020.010.010.010.010.010.010.010.010.01◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

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Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. One check was skipped: EPS is not tagged before 2008. One check was skipped: revenue is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Educational Services
Listed onNASDAQ
Incorporated inMaryland
Fiscal year endsDecember 31
Data on record since2008

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