Strategic Education, Inc. (STRA) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 305.93M | 323.21M | 319.95M | 321.47M | 303.59M | 311.46M | 305.96M | 312.27M | 290.25M | 302.7M | 285.94M | 287.68M | 256.61M | 269.94M | 263.12M | 273.56M | 258.86M | 272.1M | 270.08M | 299.17M |
| Revenue Growth % | 0.77% | 3.77% | 4.57% | 2.95% | 4.6% | 2.89% | 7% | 8.55% | 13.11% | 12.14% | 8.67% | 5.16% | -0.87% | -0.79% | -2.58% | -8.56% | -10.84% | 1.72% | 12.99% | 16.94% |
| Cost of Goods Sold | 0 | 159.95M | 162.72M | 166.15M | 158.29M | 166.88M | 162.67M | 163.24M | 157.71M | 153.75M | 155.74M | 161.48M | 152.94M | 152.17M | 153.16M | 147.37M | 144.62M | 148.87M | 153.65M | 152.94M |
| COGS % of Revenue | - | 49.49% | 50.86% | 51.69% | 52.14% | 53.58% | 53.17% | 52.27% | 54.34% | 50.79% | 54.46% | 56.13% | 59.6% | 56.37% | 58.21% | 53.87% | 55.87% | 54.71% | 56.89% | 51.12% |
| Gross Profit | 0 | 163.26M | 157.22M | 155.32M | 145.3M | 144.57M | 143.29M | 149.03M | 132.54M | 148.95M | 130.2M | 126.2M | 103.67M | 117.77M | 109.96M | 126.2M | 114.23M | 123.23M | 116.43M | 146.24M |
| Gross Margin % | - | 50.51% | 49.14% | 48.31% | 47.86% | 46.42% | 46.83% | 47.73% | 45.66% | 49.21% | 45.53% | 43.87% | 40.4% | 43.63% | 41.79% | 46.13% | 44.13% | 45.29% | 43.11% | 48.88% |
| Gross Profit Growth % | -100% | 12.93% | 9.72% | 4.22% | 9.63% | -2.94% | 10.05% | 18.09% | 27.85% | 26.48% | 18.41% | 0% | -9.25% | -4.43% | -5.55% | -13.7% | -16.94% | 2.28% | 4.09% | 12.24% |
| Operating Expenses | 0 | 108.67M | 120.18M | 109.56M | 105.51M | 108.55M | 106.96M | 107.11M | 91.19M | 94.73M | 104.57M | 109.38M | 105.02M | 90.12M | 102.15M | 104.33M | 100.79M | 95.37M | 109.08M | 119.53M |
| OpEx % of Revenue | - | 33.62% | 37.56% | 34.08% | 34.75% | 34.85% | 34.96% | 34.3% | 31.42% | 31.29% | 36.57% | 38.02% | 40.93% | 33.39% | 38.82% | 38.14% | 38.94% | 35.05% | 40.39% | 39.96% |
| Selling, General & Admin | 0 | -5.51M | 105.93M | 106.78M | 103.6M | 104.14M | 106.21M | 105.11M | 96.69M | 92.38M | 97.6M | 99M | 95.47M | 90.56M | 97.75M | 96.72M | 94.78M | 85.39M | 95.71M | 93.39M |
| SG&A % of Revenue | - | -1.71% | 33.11% | 33.21% | 34.12% | 33.44% | 34.71% | 33.66% | 33.31% | 30.52% | 34.13% | 34.41% | 37.2% | 33.55% | 37.15% | 35.36% | 36.62% | 31.38% | 35.44% | 31.22% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 758K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | -434K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 41.09M | 54.6M | 37.04M | 45.76M | 39.79M | 36.02M | 36.33M | 41.92M | 41.36M | 54.22M | 25.63M | 16.82M | -1.35M | 27.65M | 7.81M | 21.86M | 13.44M | 27.86M | 7.35M | 26.7M |
| Operating Margin % | 13.43% | 16.89% | 11.58% | 14.23% | 13.11% | 11.57% | 11.87% | 13.43% | 14.25% | 17.91% | 8.96% | 5.85% | -0.53% | 10.24% | 2.97% | 7.99% | 5.19% | 10.24% | 2.72% | 8.92% |
| Operating Income Growth % | 3.24% | 51.56% | 1.97% | 9.15% | -3.78% | -33.57% | 41.74% | 149.3% | 3165.68% | 96.13% | 228.28% | -23.09% | -110.04% | -0.78% | 6.25% | -18.11% | 12.01% | 672.28% | -52.35% | -42.45% |
| EBITDA | 41.09M | 67.85M | 49M | 57.76M | 50.99M | 47.37M | 47.13M | 53.08M | 52.42M | 66.66M | 40.31M | 32.36M | 13.3M | 41.58M | 23.56M | 39.03M | 29.71M | 43.09M | 28.91M | 58.75M |
| EBITDA Margin % | 13.43% | 20.99% | 15.32% | 17.97% | 16.8% | 15.21% | 15.4% | 17% | 18.06% | 22.02% | 14.1% | 11.25% | 5.18% | 15.4% | 8.96% | 14.27% | 11.48% | 15.84% | 10.71% | 19.64% |
| EBITDA Growth % | -19.42% | 43.23% | 3.97% | 8.82% | -2.74% | -28.94% | 16.91% | 64.03% | 294.11% | 60.32% | 71.08% | -17.08% | -55.23% | -3.51% | -18.5% | -33.57% | -36.2% | 24.64% | -30.55% | -19.12% |
| D&A (Non-Cash Add-back) | 0 | 13.25M | 11.96M | 12M | 11.2M | 11.35M | 10.81M | 11.16M | 11.07M | 12.43M | 14.69M | 15.54M | 14.65M | 13.93M | 15.76M | 17.16M | 16.27M | 15.23M | 21.56M | 32.05M |
| EBIT | 0 | 53.17M | 36.77M | 48.54M | 41.71M | 40.43M | 37.08M | 43.92M | 35.85M | 55.48M | 29.22M | 23.75M | 4.67M | 23.82M | 8.69M | 25.78M | 15.71M | 34.08M | 11.78M | 33.45M |
| Net Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.21M | -1.42M | -273K | -315K | 2.21M | 1.87M | 2.26M | -123K | 1.79M | 994K | 842K | 3.17M | 398K | -58K | -262K | 300K | -1.17M | 1.61M | -1.85M | 757K |
| Pretax Income | 42.29M | 53.17M | 36.77M | 45.45M | 42.01M | 37.89M | 38.59M | 41.8M | 43.15M | 55.22M | 26.47M | 19.99M | -951K | 27.59M | 7.54M | 22.16M | 12.27M | 29.48M | 5.5M | 27.46M |
| Pretax Margin % | 13.82% | 16.45% | 11.49% | 14.14% | 13.84% | 12.17% | 12.61% | 13.39% | 14.87% | 18.24% | 9.26% | 6.95% | -0.37% | 10.22% | 2.87% | 8.1% | 4.74% | 10.83% | 2.04% | 9.18% |
| Income Tax | 9.48M | 15.27M | 10.14M | 13.11M | 12.26M | 12.55M | 10.84M | 11.9M | 13.45M | 16.09M | 8.01M | 5.76M | 1.08M | 9.26M | 1.45M | 6.95M | 5.24M | 7.79M | 1.65M | 7.48M |
| Effective Tax Rate % | 22.42% | 28.71% | 27.57% | 28.86% | 29.19% | 33.13% | 28.1% | 28.48% | 31.17% | 29.14% | 30.27% | 28.8% | -113.25% | 33.56% | 19.26% | 31.33% | 42.71% | 26.45% | 29.93% | 27.25% |
| Net Income | 32.81M | 37.91M | 26.63M | 32.33M | 29.74M | 25.34M | 27.75M | 29.9M | 29.7M | 39.13M | 18.46M | 14.23M | -2.03M | 18.33M | 6.09M | 15.22M | 7.03M | 21.68M | 3.85M | 19.98M |
| Net Margin % | 10.72% | 11.73% | 8.32% | 10.06% | 9.8% | 8.13% | 9.07% | 9.57% | 10.23% | 12.93% | 6.46% | 4.95% | -0.79% | 6.79% | 2.32% | 5.56% | 2.72% | 7.97% | 1.43% | 6.68% |
| Net Income Growth % | 10.3% | 49.63% | -4.03% | 8.14% | 0.14% | -35.25% | 50.32% | 110.09% | 1564.6% | 113.48% | 203% | -6.5% | -128.85% | -15.46% | 58.07% | -23.81% | -26.61% | 266.4% | -64.84% | -41.51% |
| Net Income (Continuing) | 32.81M | 37.91M | 26.63M | 32.33M | 29.74M | 25.34M | 27.75M | 29.9M | 29.7M | 39.13M | 18.46M | 14.23M | -2.03M | 18.33M | 6.09M | 15.22M | 7.03M | 21.68M | 3.85M | 19.98M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.48 | 1.66 | 1.15 | 1.37 | 1.24 | 1.05 | 1.15 | 1.24 | 1.23 | 1.63 | 0.77 | 0.59 | -0.09 | 0.77 | 0.25 | 0.63 | 0.29 | 0.90 | 0.16 | 0.83 |
| EPS Growth % | 19.35% | 58.1% | 0% | 10.48% | 0.81% | -35.58% | 49.35% | 110.17% | 1520.32% | 111.69% | 208% | -6.35% | -129.86% | -14.44% | 56.25% | -24.1% | -27.5% | 260% | -65.96% | -46.45% |
| EPS (Basic) | 1.52 | 1.71 | 1.18 | 1.41 | 1.28 | 1.08 | 1.18 | 1.28 | 1.27 | 1.67 | 0.79 | 0.61 | -0.09 | 0.78 | 0.26 | 0.64 | 0.29 | 0.91 | 0.16 | 0.83 |
| Diluted Shares Outstanding | 22.17M | 22.82M | 23.21M | 23.79M | 24.07M | 24.15M | 24.14M | 24.18M | 24.06M | 23.97M | 23.87M | 23.96M | 23.43M | 23.91M | 23.9M | 24.06M | 24.11M | 24.1M | 24.11M | 24.13M |
| Basic Shares Outstanding | 21.62M | 22.18M | 22.58M | 23.11M | 23.32M | 23.37M | 23.42M | 23.44M | 23.39M | 23.37M | 23.36M | 23.45M | 23.43M | 23.42M | 23.55M | 23.8M | 23.95M | 23.92M | 23.95M | 23.98M |
| Dividend Payout Ratio | - | 37.34% | 53.22% | 44.59% | 49.75% | 58.06% | 53.17% | 49.41% | 49.61% | 37.42% | 79.48% | 103.39% | - | 79.87% | 241.53% | 97.69% | 213.66% | 68.06% | 382.46% | 73.94% |