STRA
Strategic Education Inc
NASDAQ: STRA · CONSUMER DEFENSIVE · EDUCATION & TRAINING SERVICES
$78.97
+1.54% today
Updated 2026-04-29
Market cap
$1.80B
P/E ratio
13.98
P/S ratio
1.41x
EPS (TTM)
$5.65
Dividend yield
3.09%
52W range
$70 – $91
Volume
0.3M
Strategic Education Inc (STRA) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $263.65M | $318.01M | $396.27M | $511.96M | $636.73M | $627.43M | $561.98M | $503.60M | $446.04M | $434.44M | $441.09M | $454.85M | $634.18M | $997.14M | $1.03B | $1.13B | $1.07B | $1.13B | $1.22B | $1.27B |
| Revenue growth (YoY) | — | +20.6% | +24.6% | +29.2% | +24.4% | -1.5% | -10.4% | -10.4% | -11.4% | -2.6% | +1.5% | +3.1% | +39.4% | +57.2% | +3.1% | +10.1% | -5.9% | +6.3% | +7.7% | +4.0% |
| Cost of revenue | $91.12M | $108.85M | $130.84M | $166.60M | $205.21M | $292.00M | $300.10M | $310.45M | $236.30M | $234.10M | $241.03M | $245.18M | $340.08M | $530.60M | $532.66M | $608.26M | $597.32M | $623.90M | $650.50M | $647.11M |
| Gross profit | $172.53M | $209.16M | $265.44M | $345.36M | $431.52M | $335.43M | $261.88M | $193.15M | $209.74M | $200.34M | $200.06M | $209.67M | $294.11M | $466.53M | $494.99M | $523.42M | $468.16M | $509.02M | $569.43M | $621.11M |
| Gross margin | 65.4% | 65.8% | 67.0% | 67.5% | 67.8% | 53.5% | 46.6% | 38.4% | 47.0% | 46.1% | 45.4% | 46.1% | 46.4% | 46.8% | 48.2% | 46.3% | 43.9% | 44.9% | 46.7% | 49.0% |
| R&D | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — | — | — | — | — | — |
| SG&A | $40.72M | $50.84M | $62.43M | $79.67M | $101.58M | $82.00M | $50.06M | $64.64M | $44.84M | $44.25M | $45.73M | $55.40M | $57.06M | $272.41M | $133.73M | $196.25M | $379.82M | $199.44M | $412.16M | $310.79M |
| Operating income | $79.54M | $79.54M | $126.85M | $172.35M | $215.77M | $179.14M | $113.59M | $32.70M | $81.75M | $69.70M | $57.47M | $52.21M | $-22.74M | $110.53M | $109.38M | $73.91M | $70.76M | $95.32M | $155.63M | $196.14M |
| Operating margin | 30.2% | 25.0% | 32.0% | 33.7% | 33.9% | 28.6% | 20.2% | 6.5% | 18.3% | 16.0% | 13.0% | 11.5% | -3.6% | 11.1% | 10.6% | 6.5% | 6.6% | 8.4% | 12.8% | 15.5% |
| EBITDA | $91.14M | $112.58M | $126.85M | $172.35M | $231.57M | $200.82M | $137.56M | $122.66M | $102.38M | $88.22M | $72.28M | $75.31M | $97.46M | $237.32M | $244.69M | $214.00M | $137.12M | $170.43M | $201.65M | $225.80M |
| EBITDA margin | 34.6% | 35.4% | 32.0% | 33.7% | 36.4% | 32.0% | 24.5% | 24.4% | 23.0% | 20.3% | 16.4% | 16.6% | 15.4% | 23.8% | 23.8% | 18.9% | 12.9% | 15.0% | 16.5% | 17.8% |
| EBIT | $83.89M | $104.31M | $116.90M | $158.70M | $214.54M | $179.29M | $113.59M | $87.10M | $81.75M | $70.12M | $54.46M | $56.58M | $42.91M | $132.46M | $135.54M | $110.58M | $73.99M | $113.12M | $157.28M | $177.39M |
| Interest expense | $0.00 | $0.00 | $0.00 | $0.00 | $1.23M | $3.77M | $4.62M | $5.42M | $5.25M | $3.85M | $642000.00 | $642000.00 | $0.00 | $30.65M | $1.40M | $3.60M | $7.66M | $7.20M | $3.80M | — |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $52.31M | $64.94M | $80.81M | $105.08M | $131.26M | $106.04M | $65.93M | $16.43M | $46.36M | $40.02M | $34.80M | $20.61M | $-15.67M | $81.14M | $86.27M | $55.09M | $46.67M | $69.79M | $112.68M | $126.61M |
| Net income growth (YoY) | — | +24.1% | +24.4% | +30.0% | +24.9% | -19.2% | -37.8% | -75.1% | +182.2% | -13.7% | -13.0% | -40.8% | -176.0% | +617.8% | +6.3% | -36.1% | -15.3% | +49.5% | +61.5% | +12.4% |
| Profit margin | 19.8% | 20.4% | 20.4% | 20.5% | 20.6% | 16.9% | 11.7% | 3.3% | 10.4% | 9.2% | 7.9% | 4.5% | -2.5% | 8.1% | 8.4% | 4.9% | 4.4% | 6.2% | 9.2% | 10.0% |