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Strategic Education, Inc. 10-Q Filings

STRA NASDAQ

Every 10-Q that Strategic Education, Inc. (STRA) 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 10-Q covers the quarterly report filed between annual reports, so if you follow STRA 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 STRA filings page.

Rhea-AI Summary

Strategic Education, Inc. reported higher Q2 2026 results, with revenue of $337,264 (thousands) and net income of $37,159 (thousands), up from $321,471 and $32,331 (thousands) a year earlier. Diluted EPS rose to $1.71 from $1.37. Six‑month operating cash flow increased to $116,550 (thousands).

Total assets were $2,068,862 (thousands) and cash and cash equivalents $123,755 (thousands) at June 30, 2026, with no borrowings outstanding under the $250 million revolving credit facility. The company returned capital through $26,924 (thousands) of dividends and $72,745 (thousands) of share repurchases in the first half.

Segment results were mixed: U.S. Higher Education and Education Technology Services generated higher income from operations, while Australia/New Zealand reported a small loss after prior‑year profit, reflecting a $13.9 million reserve for casual academic back pay. Strategic Education also described consolidated data‑breach class actions and evolving U.S. regulatory initiatives on borrower defenses, Pell Grants, and program‑level accountability.

Rhea-AI Summary

Strategic Education, Inc. reported modestly higher results for the quarter ended March 31, 2026. Revenue was $305.9 million, up slightly from $303.6 million a year earlier, while net income rose to $32.8 million from $29.7 million. Operating income increased to $41.1 million, helped by lower instructional and support costs, though general and administration expenses grew.

Basic earnings per share improved to $1.52 from $1.28 as the company continued repurchasing stock, reducing average shares outstanding. Cash provided by operating activities strengthened to $87.4 million from $67.7 million, giving more flexibility after $40.0 million of share repurchases and $13.6 million of dividends. The ANZ segment showed revenue growth but remained loss-making, while Education Technology Services delivered higher revenue and operating income.

The company highlighted ongoing regulatory and legal developments in the U.S. and Australia, including borrower-defense matters in the United States and a Fair Work Ombudsman dispute affecting Torrens University, noting that outcomes remain uncertain and could affect future results.

Rhea-AI Summary

Strategic Education (STRA) reported Q3 2025 results showing steady top-line growth with mixed segment trends and restructuring activity. Revenue rose to $319.9 million from $306.0 million, while net income was $26.6 million versus $27.7 million a year ago. Diluted EPS held at $1.15.

Education Technology Services drove expansion with revenue of $38.3 million (up from $26.3 million), U.S. Higher Education reached $213.1 million (from $207.7 million), and Australia/New Zealand declined to $68.6 million (from $71.9 million). Operating income was $37.0 million after $14.3 million of restructuring costs tied to facility consolidations, impairments, and a small held-for-sale loss.

Year to date, revenue was $945.0 million and net income $88.7 million, with diluted EPS of $3.76. Cash from operations reached $159.0 million; the company returned capital via $95.1 million of share repurchases and $43.4 million in dividends. Cash and cash equivalents were $151.5 million, and contract liabilities increased to $151.9 million, reflecting deferred tuition and program benefits. The $250 million revolving credit facility had no borrowings outstanding.