$79.84

-1.35 (-1.66%)

After Hours: $79.87 (+0.03, +0.03%)

Weekly Expected Move ±2.9%

$77 $79 $82 $84 $86

NASDAQ · Consumer Defensive · Education & Training Services · Tech Score Buy · Power 59 · $1.8B mcap · 21M float · 1.38% daily turnover · Short 59% of daily vol

Credit Risk of going bust: lower than 82% of companies Debt: 5.6% of company value Bonds: none of note held by US funds details ▾

Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.38 (down 99.5%), Strategic Education, Inc. would be worth roughly what it owes.
Total debt $106.7M against a stock market value of $1.80B.
Distance to default 10.11 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $53.4M (short-term plus half of long-term), stock volatility 35.9%; Altman Z'' 5.07. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Revenue Segmentation

By Product / Service

By Geography

Revenue by Segment (5-Year Trend)

Income Trends

Revenue

$1.3B +4.0% ▲

5Y CAGR: +4.3%

Gross Profit

$621M +9.1% ▲

5Y CAGR: +4.6%

Operating Income

$196M +26.0% ▲

5Y CAGR: +12.4%

Net Income

$127M +12.4% ▲

5Y CAGR: +8.0%

EPS (Diluted)

$5.42 +16.1% ▲

5Y CAGR: +7.5%

EBITDA

$226M +12.0% ▲

5Y CAGR: -1.6%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$1.1B	$1.1B	$1.1B	$1.2B	$1.3B
YoY Growth	+10.1%	-5.9%	+6.3%	+7.7%	+4.0%
Cost of Revenue	$608M	$597M	$624M	$650M	$647M
Gross Profit	$523M	$468M	$509M	$569M	$621M
Gross Margin	46.3%	43.9%	44.9%	46.7%	49.0%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$361M	$380M	$384M	$412M	$311M
Operating Expenses	$450M	$397M	$414M	$414M	$425M
Operating Income	$74M	$71M	$95M	$156M	$196M
Operating Margin	6.5%	6.6%	8.4%	12.8%	15.5%
Interest Expense	$0	$0	$0	$0	$0
Income Before Tax	$77M	$70M	$101M	$161M	$177M
Tax Expense	$22M	$23M	$31M	$49M	$51M
Net Income	$55M	$47M	$70M	$113M	$127M
Net Margin	4.9%	4.4%	6.2%	9.2%	10.0%
EPS (Diluted)	$2.28	$1.94	$2.91	$4.67	$5.42
EBITDA	$214M	$137M	$170M	$202M	$226M
Shares Outstanding	24M	24M	24M	24M	23M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$306M	$311M	$304M	$321M	$320M	$323M	$306M	$337M
Cost of Revenue	$163M	$167M	$158M	$166M	$163M	$160M	$155M	$178M
Gross Profit	$143M	$145M	$145M	$155M	$157M	$163M	$151M	$159M
Gross Margin	46.8%	46.4%	47.9%	48.3%	49.1%	50.5%	49.4%	47.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$106M	$104M	$104M	$107M	$106M	-$6M	$108M	$106M
Operating Expenses	$107M	$109M	$106M	$110M	$120M	$109M	$108M	$109M
Operating Income	$36M	$36M	$40M	$46M	$37M	$55M	$43M	$50M
Operating Margin	11.9%	11.6%	13.1%	14.2%	11.6%	16.9%	14.1%	15.0%
Interest Expense	$0	$0	$0	$0	$0	$0	$0	$0
Income Before Tax	$39M	$38M	$42M	$45M	$37M	$53M	$42M	$52M
Tax Expense	$11M	$13M	$12M	$13M	$10M	$15M	$9M	$15M
Net Income	$28M	$25M	$30M	$32M	$27M	$38M	$33M	$37M
Net Margin	9.1%	8.1%	9.8%	10.1%	8.3%	11.7%	10.7%	11.0%
EPS (Diluted)	$1.15	$1.05	$1.24	$1.37	$1.15	$1.66	$1.48	$1.71
EBITDA	$48M	$52M	$53M	$61M	$49M	$66M	$53M	$64M
Shares Outstanding	24M	24M	24M	24M	23M	23M	22M	22M

STRA NASDAQ