Strategic Education, Inc. (STRA) quarterly balance sheet — complete assets, liabilities & equity history
Strategic Education, Inc. (STRA) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 304.62M | 290.12M | 303.84M | 277.86M | 330.98M | 319.94M | 328.29M | 304.94M | 383.51M | 398.87M | 390.45M | 329.07M | 350.63M | 350.91M | 357.01M | 329.06M | 402.75M | 395.82M | 417.85M | 367.79M |
| Cash & Short-Term Investments | 131.57M | 128.75M | 157.63M | 148.05M | 181.2M | 164.95M | 182.64M | 184.02M | 222.07M | 256.24M | 253.56M | 208.21M | 196.67M | 206.49M | 227.31M | 222.82M | 274.14M | 271.8M | 300.2M | 275.42M |
| Cash Only | 126.58M | 123.75M | 150.35M | 140.76M | 160.01M | 133.6M | 144.22M | 137.07M | 195.89M | 230.11M | 222.12M | 168.48M | 167.71M | 181.02M | 202.82M | 213.67M | 262.76M | 262.94M | 293.42M | 268.92M |
| Short-Term Investments | 5M | 5M | 7.28M | 7.3M | 21.19M | 31.35M | 38.42M | 46.95M | 26.18M | 26.13M | 31.45M | 39.73M | 28.96M | 25.47M | 24.49M | 9.16M | 11.39M | 8.85M | 6.79M | 6.5M |
| Accounts Receivable | 118.12M | 105.63M | 86.19M | 78.2M | 117.31M | 98.64M | 90.31M | 76.13M | 105.8M | 89.64M | 83.08M | 76.1M | 105.28M | 92.09M | 71.86M | 62.95M | 81.68M | 75.94M | 64.8M | 51.59M |
| Days Sales Outstanding | 31.66 | 25.88 | 24.18 | 27.83 | 31.05 | 26.74 | 24.67 | 26.87 | 29.38 | 25.17 | 24.95 | 27.56 | 31.75 | 25.93 | 23.64 | 24.65 | 27.55 | 23.41 | 20.23 | 23.45 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 54.92M | 55.74M | 60.02M | 51.6M | 6.52M | 25.74M | 26.29M | 23.95M | 29.12M | 25.96M | 27.17M | 24.73M | 25M | 27.68M | 30.19M | 24.21M | 46.93M | 48.09M | 52.85M | 22.91M |
| Total Non-Current Assets | 1.65B | 1.78B | 1.77B | 1.76B | 1.78B | 1.77B | 1.75B | 1.74B | 1.8B | 1.78B | 1.76B | 1.8B | 1.76B | 1.79B | 1.81B | 1.83B | 1.81B | 1.86B | 1.95B | 1.94B |
| Property, Plant & Equipment | 194.92M | 196.57M | 196.64M | 198.51M | 203.77M | 211.08M | 209.97M | 214.92M | 232.91M | 228.5M | 231.07M | 237.73M | 228.66M | 236.44M | 244.83M | 258.09M | 261.15M | 274.7M | 299.25M | 300.18M |
| Fixed Asset Turnover | 1.66x | 1.72x | 1.55x | 1.61x | 1.54x | 1.53x | 1.43x | 1.39x | 1.33x | 1.36x | 1.24x | 1.30x | 1.23x | 1.20x | 1.02x | 1.04x | 0.98x | 0.95x | 0.86x | 0.96x |
| Goodwill | 1.14B | 1.26B | 1.26B | 1.24B | 1.24B | 1.23B | 1.21B | 1.21B | 1.26B | 1.24B | 1.23B | 1.25B | 1.23B | 1.24B | 1.24B | 1.25B | 1.23B | 1.26B | 1.3B | 1.29B |
| Intangible Assets | 244.6M | 250.78M | 250.41M | 249.24M | 248.93M | 248.17M | 245.45M | 245.1M | 251.95M | 249.47M | 248.85M | 251.62M | 249.51M | 253.35M | 256.71M | 260.54M | 259.86M | 266.08M | 276.27M | 276.38M |
| Long-Term Investments | 7M | 17.58M | 23.94M | 23.98M | 28.92M | 29.17M | 31.28M | 31.2M | 16.38M | 16.75M | 18.7M | 19.36M | 20.89M | 28.62M | 30.38M | 30.4M | 32.52M | 35.78M | 38.84M | 42.53M |
| Other Non-Current Assets | 66.35M | 55.27M | 47.98M | 46.54M | 62.31M | 52.06M | 49.52M | 46.7M | 42.17M | 42.97M | 36.28M | 35.55M | 35.96M | 34.8M | 33.5M | 32.38M | 32.47M | 31.46M | 32.5M | 33.14M |
| Total Assets | 1.96B | 2.07B | 2.08B | 2.04B | 2.11B | 2.09B | 2.07B | 2.05B | 2.19B | 2.18B | 2.16B | 2.13B | 2.11B | 2.14B | 2.17B | 2.16B | 2.22B | 2.26B | 2.37B | 2.31B |
| Asset Turnover | 0.16x | 0.16x | 0.15x | 0.16x | 0.15x | 0.15x | 0.15x | 0.15x | 0.14x | 0.14x | 0.14x | 0.14x | 0.13x | 0.13x | 0.12x | 0.12x | 0.12x | 0.12x | 0.11x | 0.12x |
| Asset Growth % | -7.29% | -1.08% | 0.2% | -0.55% | -3.45% | -3.95% | -3.76% | -3.55% | 3.47% | 1.65% | -0.49% | -1.69% | -4.57% | -5.23% | -8.54% | -6.25% | -4.36% | -4.36% | -0.07% | 0.44% |
| Total Current Liabilities | 282.62M | 264.8M | 262.93M | 217.94M | 283.48M | 254.48M | 259.44M | 216.46M | 285.84M | 253.44M | 261.72M | 209.62M | 265.49M | 242.09M | 241.71M | 209.94M | 259.92M | 235.63M | 254.84M | 195.75M |
| Accounts Payable | 124.49M | 56.74M | 67.01M | 55.99M | 61.94M | 59.12M | 57.98M | 55.73M | 56.64M | 54.62M | 56.84M | 49.25M | 54.86M | 53.36M | 54.5M | 45.83M | 54.74M | 45.67M | 49.48M | 45.34M |
| Days Payables Outstanding | 50.95 | 31.66 | 35.76 | 33.91 | 34.22 | 32.06 | 32.33 | 30.98 | 31.46 | 31.07 | 30.61 | 31.15 | 31.97 | 30.39 | 29.52 | 30.4 | 30.15 | 29.38 | 29.5 | 31.84 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 18.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 143.08M | 133M | 132.02M | 96.25M | 151.9M | 135.18M | 126.5M | 89.56M | 154.14M | 133.61M | 128.5M | 92.34M | 140.25M | 128.65M | 122.98M | 88.49M | 131.71M | 121.03M | 115.65M | 73.23M |
| Other Current Liabilities | 0 | 50.83M | 39.35M | 42.08M | 8.26M | 32.04M | 37.58M | 38.84M | 41.5M | 29.35M | 33.12M | 34.99M | 36.77M | 26.65M | 28.33M | 32.61M | 36.91M | 28.19M | 31.57M | 27.42M |
| Current Ratio | 1.08x | 1.10x | 1.16x | 1.27x | 1.17x | 1.26x | 1.27x | 1.41x | 1.34x | 1.57x | 1.49x | 1.57x | 1.32x | 1.45x | 1.48x | 1.57x | 1.55x | 1.68x | 1.64x | 1.88x |
| Quick Ratio | 1.08x | 1.10x | 1.16x | 1.27x | 1.17x | 1.26x | 1.27x | 1.41x | 1.34x | 1.57x | 1.49x | 1.57x | 1.32x | 1.45x | 1.48x | 1.57x | 1.55x | 1.68x | 1.64x | 1.88x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 166.37M | 170.48M | 181M | 174.19M | 172.38M | 170.33M | 171.46M | 170.78M | 184.89M | 245.99M | 250.93M | 263.08M | 253.85M | 301.42M | 313.63M | 316.01M | 356.85M | 372.71M | 388.73M | 396.13M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61.33M | 61.26M | 61.4M | 61.25M | 101.31M | 101.34M | 101.4M | 141.23M | 141.44M | 141.74M | 141.63M |
| Capital Lease Obligations | 87.86M | 92.09M | 94.88M | 93.22M | 99.24M | 100.19M | 99.41M | 103M | 116.09M | 112.27M | 116.35M | 127.73M | 121.39M | 126.97M | 131.91M | 134.01M | 136.79M | 145.84M | 158.93M | 162.82M |
| Deferred Tax Liabilities | 34.28M | 33.53M | 39.29M | 35.84M | 30.92M | 27.93M | 30.7M | 27.59M | 26.18M | 27.62M | 30.44M | 28.34M | 28.25M | 31.34M | 36.34M | 34.6M | 33.69M | 38.61M | 39.97M | 44.59M |
| Other Non-Current Liabilities | 44.23M | 8.75M | 9.46M | 9.56M | 6.8M | 6.14M | 5.95M | 5.68M | 7.08M | 7.78M | 7.58M | 8.41M | 8.22M | 8.18M | 9.16M | 9.47M | 10.77M | 11.19M | 12.83M | 12.38M |
| Total Liabilities | 448.99M | 435.28M | 443.92M | 392.13M | 455.86M | 424.81M | 430.9M | 387.24M | 470.73M | 499.42M | 512.65M | 472.69M | 519.35M | 543.51M | 555.34M | 525.96M | 616.77M | 608.34M | 643.57M | 591.89M |
| Total Debt | 102.91M | 106.71M | 109.2M | 109.12M | 117.65M | 120.3M | 119.48M | 125.23M | 138.92M | 197.57M | 200.92M | 213.32M | 205.76M | 251.66M | 256.46M | 259.28M | 301.56M | 312.29M | 326.51M | 331.46M |
| Net Debt | -23.66M | -17.04M | -41.15M | -31.64M | -42.36M | -13.3M | -24.73M | -11.85M | -56.97M | -32.54M | -21.19M | 44.84M | 38.06M | 70.64M | 53.63M | 45.61M | 38.81M | 49.35M | 33.09M | 62.54M |
| Debt / Equity | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.07x | 0.08x | 0.08x | 0.12x | 0.12x | 0.13x | 0.13x | 0.16x | 0.16x | 0.16x | 0.19x | 0.19x | 0.19x | 0.19x |
| Debt / EBITDA | - | 1.73x | 2.01x | 1.61x | 2.40x | 2.08x | 2.34x | 2.64x | 2.95x | 3.72x | 3.83x | 3.20x | 5.10x | 7.78x | 19.28x | 6.24x | 12.80x | 8.00x | 10.99x | 7.69x |
| Net Debt / EBITDA | - | -0.28x | -0.76x | -0.47x | -0.86x | -0.23x | -0.49x | -0.25x | -1.21x | -0.61x | -0.40x | 0.67x | 0.94x | 2.18x | 4.03x | 1.10x | 1.65x | 1.26x | 1.11x | 1.45x |
| Interest Coverage | - | - | - | - | - | - | - | - | - | - | - | - | 14.61x | 11.87x | - | - | - | - | - | - |
| Total Equity | 1.51B | 1.63B | 1.63B | 1.65B | 1.66B | 1.67B | 1.64B | 1.66B | 1.72B | 1.68B | 1.64B | 1.65B | 1.59B | 1.6B | 1.61B | 1.64B | 1.6B | 1.65B | 1.72B | 1.71B |
| Equity Growth % | -8.88% | -1.99% | -0.54% | -0.97% | -3.54% | -0.68% | 0.04% | 0.6% | 7.65% | 4.97% | 2% | 1.02% | -0.23% | -3.23% | -6.6% | -4.56% | -5.7% | -4.69% | -0.67% | -1.96% |
| Book Value per Share | 71.76 | 75.16 | 73.72 | 72.15 | 71.36 | 70.06 | 68.29 | 68.84 | 71.13 | 69.40 | 68.27 | 68.95 | 66.81 | 66.71 | 68.73 | 68.41 | 66.88 | 68.65 | 71.51 | 71.13 |
| Total Shareholders' Equity | 1.51B | 1.63B | 1.63B | 1.65B | 1.66B | 1.67B | 1.64B | 1.66B | 1.72B | 1.68B | 1.64B | 1.65B | 1.59B | 1.6B | 1.61B | 1.64B | 1.6B | 1.65B | 1.72B | 1.71B |
| Common Stock | 219K | 222K | 226K | 230K | 235K | 239K | 243K | 245K | 246K | 246K | 246K | 244K | 244K | 245K | 246K | 244K | 245K | 246K | 250K | 246K |
| Retained Earnings | 165.01M | 283.25M | 265.79M | 255.5M | 241.1M | 236.08M | 225.44M | 218.41M | 210.19M | 198.91M | 183.8M | 168.87M | 144.37M | 140.37M | 142.89M | 159.69M | 156.7M | 166.18M | 166.55M | 174.57M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -17.53M | -27.53M | -30.96M | -46.12M | -52.63M | -58.87M | -85.22M | -88.56M | -23.24M | -47.09M | -60.75M | -34.25M | -62.88M | -51.08M | -44.3M | -35.07M | -66.37M | -28.01M | 29.18M | 9.2M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |