STRA · Strategic Education, Inc.
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 | FY2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $1.29B | $1.27B | $1.22B | $1.13B | $1.07B | $1.13B | $1.03B | $997.14M | $634.19M | $454.85M | $441.09M | — | — | — | — | — | — | — | — | |
| — | — | — | — | — | — | — | — | $136.98M | $82.54M | $79.03M | $70.08M | $66.5M | $75.43M | $71.86M | $74.29M | $70.27M | $54.97M | $76.16M | |
| $429.02M | $424.97M | $412.16M | $384.44M | $379.82M | $361.35M | $295.23M | $272.41M | $194.04M | $129.33M | $47.87M | $44.25M | $44.84M | $64.64M | $50.06M | $55.46M | $55.86M | $43.07M | $62.43M | |
| — | $0 | $0 | $11.46M | $14.35M | $51.5M | $64.23M | $61.67M | $25.69M | $0 | — | — | — | — | — | — | — | — | — | |
| $47.32M | $48.4M | $44.4M | $48.4M | $52M | $59.1M | $51.8M | $49.5M | $31.4M | $18.7M | $17.8M | $18.1M | $20.63M | $35.56M | $23.97M | $21.53M | $17.31M | $13.94M | $10.76M | |
| $21.78M | $21.91M | $1.65M | $16.26M | $2.12M | $25.47M | $12.38M | $0 | $0 | $3.41M | $0 | — | — | $54.69M | — | — | — | — | — | |
| $1.11B | $1.09B | $1.06B | $1.04B | $994.72M | $1.06B | $918.27M | $886.61M | $656.93M | $402.64M | $383.62M | $364.74M | $364.29M | $470.9M | $448.39M | $448.29M | — | — | — | |
| $180.24M | $174.23M | $155.63M | $95.32M | $70.76M | $73.91M | $109.38M | $110.53M | -$22.74M | $52.21M | $57.47M | $69.7M | $81.75M | $32.7M | $113.59M | $179.14M | $215.77M | $172.35M | $126.85M | |
| — | 13.74% | 12.76% | 8.41% | 6.64% | 6.53% | 10.64% | 11.08% | -3.59% | 11.48% | 13.03% | — | — | — | — | — | — | — | — | |
| $227.57M | $222.63M | $200.03M | $143.72M | $122.76M | $133.01M | $161.18M | $160.03M | $8.66M | $70.91M | $75.27M | $87.8M | $102.38M | $68.26M | $137.56M | $200.67M | $233.08M | $186.29M | $137.61M | |
| $643K | — | — | — | — | — | — | — | — | $642K | $642K | $3.85M | $5.25M | $5.42M | $4.62M | $3.77M | — | — | — | |
| $3.82M | $3.16M | $5.8M | $5.41M | -$1.19M | $2.69M | $4.57M | $13.19M | $3.6M | $437K | -$180K | — | — | — | — | — | — | — | — | |
| -$1.88M | -$4.35M | -$2.7M | $2.95M | $348K | $4.93M | $1.86M | $2.34M | -$91K | — | — | — | — | — | — | — | — | — | — | |
| $184.06M | $177.39M | $161.43M | $100.73M | $69.57M | $76.6M | $113.96M | $123.72M | -$19.14M | $52.65M | $57.29M | $66.13M | $76.62M | $27.28M | $108.98M | $175.52M | $217M | $173.76M | $131.38M | |
| $49.56M | $50.78M | $48.75M | $30.94M | $22.9M | $21.51M | $27.69M | $42.59M | -$3.47M | $32.03M | $22.49M | $26.11M | $30.26M | $10.86M | $43.05M | $69.48M | $85.74M | $68.68M | $50.57M | |
| $134.51M | $126.61M | $112.68M | $69.79M | $46.67M | $55.09M | $86.27M | $81.14M | -$15.67M | $20.61M | $34.8M | $40.02M | $46.36M | $16.43M | $65.93M | $106.04M | $131.26M | $105.08M | $80.81M | |
| — | 9.98% | 9.24% | 6.16% | 4.38% | 4.87% | 8.39% | 8.14% | -2.47% | 4.53% | 7.89% | — | — | — | — | — | — | — | — | |
| $165.85M | $169.06M | $58.37M | $70.61M | $2.4M | $15.41M | $134.92M | $81.34M | -$15.64M | $20.61M | $34.8M | $39.94M | $46.42M | $17.19M | $65.81M | $105.39M | $131M | $105.46M | $80.55M | |
| USD/shares | — | $5.57 | $4.81 | $2.98 | $1.97 | $2.30 | $3.81 | $3.73 | -$1.03 | $1.93 | $3.28 | $3.78 | $4.39 | $1.55 | $5.79 | $8.91 | $9.78 | $7.67 | $5.77 |
| USD/shares | — | $5.41 | $4.67 | $2.91 | $1.94 | $2.28 | $3.77 | $3.67 | -$1.03 | $1.84 | $3.21 | $3.73 | $4.35 | $1.55 | $5.76 | $8.88 | $9.70 | $7.60 | $5.67 |
| shares | — | 22.75M | 23.41M | 23.4M | 23.68M | 23.96M | 22.63M | 21.73M | 15.19M | 10.68M | 10.61M | 10.59M | 10.56M | 10.58M | 11.39M | 11.91M | 13.43M | 13.7M | 14.02M |
| shares | — | 23.4M | 24.14M | 23.96M | 24M | 24.12M | 22.86M | 22.1M | 15.19M | 11.2M | 10.85M | 10.74M | 10.65M | 10.62M | 11.44M | 11.94M | 13.54M | 13.83M | 14.24M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2008–FY2025: $764.06M in buybacks, $631.1M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 13 similar-size Education & Training Services companies (of 29 listed).
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| US Higher Education Segment | $868,239,000 | $857,890,000 | $818,953,000 | $770,979,000 | $829,270,000 | $966,579,000 | $963,052,000 | — |
| Australia New Zealand Segment | $251,584,000 | $257,119,000 | $233,518,000 | $230,747,000 | $250,124,000 | $23,381,000 | $0 | — |
| Education Technology Services | $148,397,000 | $104,921,000 | $80,453,000 | $63,754,000 | $52,292,000 | $37,693,000 | — | — |
| Australia and New Zealand | — | — | — | — | — | — | — | $0 |
| Capella University | — | — | — | — | — | — | — | $156,346,000 |
| Education Technology Services Segment | — | — | — | — | $52,292,000 | — | $34,085,000 | — |
| Strayer University | — | — | — | — | — | — | — | $477,839,000 |
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| United States | $1,016,636,000 | $962,811,000 | $899,406,000 | $834,733,000 |
| Non Us | $251,584,000 | $257,119,000 | $233,518,000 | — |
| Australia New Zealand | — | — | — | $230,747,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Tuition Grants and Scholarship | $1,075,574,000 | $1,070,249,000 | $1,010,459,000 | $962,450,000 | $1,041,057,000 | $1,938,602,000 | $2,823,715,000 | $1,202,561,000 |
| Service Other | $44,249,000 | $44,760,000 | $42,012,000 | $39,276,000 | $38,337,000 | $79,011,000 | $118,826,000 | $57,646,000 |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| US Higher Education Segment | $101,872,000 | $77,165,000 | $59,628,000 | $38,605,000 | $104,914,000 | $193,393,000 | $172,889,000 | — |
| Education Technology Services | $58,814,000 | $42,717,000 | $29,088,000 | $19,264,000 | $21,311,000 | $19,643,000 | — | — |
| Australia New Zealand Segment | $35,454,000 | $37,394,000 | $35,862,000 | $30,473,000 | $35,855,000 | -$13,275,000 | $0 | — |
| Australia and New Zealand | — | — | — | — | — | -$13,275,000 | $0 | $0 |
| Capella Segment | — | — | — | — | — | — | $88,981,000 | $6,340,000 |
| Capella University | — | — | — | — | — | $92,638,000 | $90,713,000 | $6,314,000 |
| Education Technology Services Segment | — | — | — | — | $21,311,000 | $19,643,000 | $21,233,000 | — |
| Strayer Segment | — | — | — | — | — | — | $106,132,000 | $68,188,000 |
| Strayer University | — | — | — | — | — | $120,398,000 | $103,409,000 | $62,294,000 |
| All Other Segments | — | — | — | — | — | — | -$991,000 | -$5,920,000 |
Operating Margin by Segment (%)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| US Higher Education Segment | 11.7% | 9% | 7.3% | 5% | 12.7% | 20% | 18% | — |
| Australia New Zealand Segment | 14.1% | 14.5% | 15.4% | 13.2% | 14.3% | -56.8% | — | — |
| Education Technology Services | 39.6% | 40.7% | 36.2% | 30.2% | 40.8% | 52.1% | — | — |
| Capella University | — | — | — | — | — | — | — | 4% |
| Education Technology Services Segment | — | — | — | — | 40.8% | — | 62.3% | — |
| Strayer University | — | — | — | — | — | — | — | 13% |