Every 8-K that Grand Canyon Ed Inc (LOPE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow LOPE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LOPE filings page.
Grand Canyon Education, Inc. (LOPE) reported that its Board of Directors has unanimously placed Chief Financial Officer Daniel E. Bachus on paid administrative leave effective August 21, 2026, in connection with an ongoing governmental investigation involving a non-employee third party’s trades in the company’s stock. The company states the leave is not due to any issues with its financial statements or accounting policies or practices, and that the company itself is not a focus of the investigation.
The Board appointed Lori Browning, Senior Vice President & Controller – Chief Accounting Officer, as interim chief financial officer and interim principal financial officer, effective August 21, 2026. Browning has been with the company since 2008, has extensive prior higher-education finance experience, and has been an Arizona certified public accountant since 1996.
Grand Canyon Education, Inc. reported higher results for the quarter ended June 30, 2026. Service revenue was $264.0 million compared with $247.5 million a year earlier. Operating income was $58.2 million, and net income rose to $45.9 million, or $1.75 diluted EPS, up from $1.48.
For the first six months of 2026, service revenue reached $572.8 million and net income was $121.2 million with diluted EPS of $4.57. Adjusted EBITDA for the quarter was $73.4 million. Non‑GAAP diluted income per share was $1.81 for the quarter and $4.69 for the six‑month period.
Unrestricted cash, cash equivalents and investments totaled $274.5 million at June 30, 2026, down from $300.1 million at December 31, 2025, primarily due to share repurchases and capital expenditures outpacing operating cash flow. Net cash provided by operating activities for the first half of 2026 was $196.9 million. The company issued 2026 guidance including full‑year non‑GAAP diluted EPS of $10.18–$10.32, which excludes a $0.25 per‑share impact from non‑cash amortization of intangible assets.
Grand Canyon Education, Inc. reported a board change following the resignation of long-serving director Jack A. Henry, whose departure was confirmed and accepted on June 22, 2026. He had been a member of the Board of Directors since November 2008, providing many years of service to the company.
Effective June 23, 2026, the Board restructured its committee leadership. Dr. Chevy Humphrey was appointed Chair of the Audit Committee, succeeding Mr. Henry, and Kevin Warren was named Chair of the Compensation Committee, taking over that role from Dr. Humphrey. The filing was signed by Chief Financial Officer Daniel E. Bachus as the principal financial officer.
Grand Canyon Education, Inc. reported the results of its 2026 Annual Meeting of Stockholders. A total of 24,212,405 common shares voted in person or by proxy, representing about 91.03% of the 26,596,943 shares outstanding and entitled to vote as of April 16, 2026.
Stockholders voted on the election of six directors and other matters described in the company’s proxy statement. Each director nominee, including Brian E. Mueller and Kevin F. Warren, received substantially more votes "for" than "against," with broker non-votes reported where applicable.
The company also filed as exhibits its 2026 Equity Incentive Plan and a form of Restricted Stock Agreement for that plan, along with the cover-page interactive data file embedded in the Inline XBRL document.
Grand Canyon Education outlines a potential amendment to its long-term Master Services Agreement with Grand Canyon University, its most significant university partner. The non-binding proposal would extend the contract term by eight years from an anticipated effective date of July 1, 2026.
The parties are discussing shifting the Company’s 60% service fee to apply only to tuition and academic-related fees, leaving ancillary revenues such as housing and food service to GCU, while eliminating an academic cost reimbursement payment. The Company expects this would reduce service revenue by $4.0 million in third-quarter 2026 and $6.0 million in fourth-quarter 2026 versus prior forecasts, with operating income declining by no more than $1.0 million per quarter.
Other proposed changes include removing GCU’s right to terminate the agreement for convenience, lowering non-renewal fees after the initial term, and potentially easing barriers to GCU’s tax-exempt financing. The amendment remains subject to negotiation and execution of a mutually acceptable agreement.
Grand Canyon Education, Inc. reported solid first quarter 2026 results, with service revenue of $308.8 million for the three months ended March 31, 2026, up from $289.3 million a year earlier. Net income rose to $75.3 million, and diluted income per share increased to $2.80 from $2.52.
Adjusted EBITDA, a non-GAAP measure, grew to $110.7 million from $102.0 million, reflecting higher profitability after adding back items such as share-based compensation and litigation and regulatory costs. Liquidity, measured by cash, cash equivalents and investments, declined by $48.4 million between December 31, 2025 and March 31, 2026 to $251.7 million, mainly because $127.9 million was used for share repurchases and capital expenditures. The company also issued a full year 2026 outlook, guiding to non-GAAP diluted income per share between $9.93 and $10.50, which excludes $0.24 per share of non-cash amortization of intangible assets.
Grand Canyon Education, Inc. reported higher service revenue and strong profitability for the quarter and year ended December 31, 2025, while outlining a solid 2026 outlook. Q4 2025 service revenue rose to $308,119 thousand from $292,573 thousand, with net income increasing to $86,732 thousand from $81,879 thousand and diluted EPS improving to $3.14 from $2.84.
For full-year 2025, service revenue grew to $1,106,070 thousand from $1,033,002 thousand. Net income was $216,170 thousand versus $226,234 thousand, as results included a $35,000 thousand litigation settlement and other one-time items. Adjusted EBITDA increased to $368,588 thousand from $340,013 thousand, and non-GAAP diluted EPS rose to $9.08 from $8.04.
Liquidity, measured as unrestricted cash, cash equivalents and investments, was $300.1 million at December 31, 2025, down from $324.6 million a year earlier, mainly due to $264,758 thousand of share repurchases and continued capital spending. Operating cash flow remained strong at $273,491 thousand in 2025.
For full-year 2026, the company guided to non-GAAP diluted income per share between $9.79 and $10.40, which excludes a $0.24 impact from non-cash amortization of intangible assets, with quarterly EPS guidance ranges also provided.
Grand Canyon Education, Inc. appointed Dilek Marsh as Chief Information Officer effective February 9, 2026. She will take on the responsibilities of the former CIO while continuing in her prior role as Chief Technology Officer, consolidating technology and information leadership under one executive.
Marsh has held senior roles at the company since 2008, including Executive Vice President and Chief Data Officer, and has worked in higher education for 20 years with extensive information technology experience. In connection with her new role, she entered into a new employment agreement that increases her annual base salary to $346,000 and makes her eligible for an annual cash incentive bonus targeting 50% of base salary, based on performance metrics.
Grand Canyon Education, Inc. reported two key corporate developments tied to its relationship with Grand Canyon University (GCU) and capital return strategy. GCU announced that the U.S. Department of Education has formally recognized GCU’s status as a non-profit institution of higher education, resolving an outstanding review related to its participation in federal Title IV programs.
The company’s Board of Directors also approved a $300.0 million increase to its existing stock repurchase program, bringing total share repurchase authorization since the program began to $2,545.0 million. The authorization currently extends through March 1, 2027, and repurchases may be executed in the open market or through privately negotiated transactions under applicable SEC rules.
Grand Canyon Education, Inc. announced it reported results for the quarter ended September 30, 2025. The company furnished a press release dated November 5, 2025 as Exhibit 99.1.
The filing is an administrative notice under Item 2.02, indicating the company has released its quarterly results and provided the full details in the accompanying press release.
Grand Canyon Education (LOPE) announced multiple legal resolutions under Regulation FD. The FTC unanimously dismissed its case with prejudice on August 19, 2025. ED rescinded GCU’s $37.7 million doctoral-program fine and dismissed the matter with no findings or penalties. The IRS reaffirmed GCU’s 501(c)(3) tax-exempt status following a four-year examination, and ED is re-examining GCU’s Title IV nonprofit classification after a Ninth Circuit ruling set aside ED’s prior decision.
The Company reached settlement terms, subject to court approval, to resolve a qui tam case by agreeing to pay $35.0 million; ED agreed the Company’s current enrollment counselor compensation plans do not violate the incentive compensation ban. The hearing is scheduled for November 14, 2025. The settlement will be recorded for the period ended September 30, 2025, and the Company will exclude the final settlement amount, net of taxes of $33.4 million, from its Q3 2025 As Adjusted non-GAAP results.
Grand Canyon Education, Inc. reported a leadership change. On October 20, 2025, the company received written confirmation of the resignation of its Chief Information Officer, Kathy J. Claypatch, and accepted it. Ms. Claypatch has served as CIO since July 2021 and previously served as Chief Technology Officer beginning in October 2012.