Every 8-K 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 8-K covers material events a company has to report between its quarterly 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.
Strategic Education, Inc. reported second quarter 2026 revenue of $337.3 million, up 4.9% from $321.5 million a year earlier, with strength in the Education Technology Services segment and higher U.S. Higher Education revenue per student. Income from operations rose to $50.5 million, and net income increased to $37.2 million, or $1.71 diluted earnings per share. Adjusted EBITDA was $71.7 million. For the first six months of 2026, free cash flow reached $92.4 million and cash, cash equivalents, and marketable securities totaled $133.8 million, with no debt outstanding under the revolving credit facility.
Education Technology Services revenue grew 15.4% to $42.4 million, while Sophia Learning subscribers increased about 32% and revenue rose to $20.7 million. U.S. Higher Education revenue grew 2.3% to $220.5 million, with healthcare programs now 52% of enrollment and employer-affiliated students 34.7% of U.S. Higher Education enrollment. Australia/New Zealand revenue increased to $74.4 million but segment operating income fell to $1.0 million, reflecting a $13.9 million reserve for an Australian Fair Work Ombudsman compliance matter. The company repurchased 420,624 shares for $32.8 million in the quarter and declared a quarterly dividend of $0.60 per share, payable September 14, 2026.
Strategic Education, Inc. reported first quarter 2026 results showing modest overall growth but stronger profitability and cash generation. Revenue rose 0.8% to $305.9 million, while income from operations increased to $41.1 million, a 13.4% margin.
Net income grew to $32.8 million and diluted EPS to $1.48, helped by a lower share count after repurchasing 493,105 shares for $40.0 million. Adjusted EBITDA reached $62.2 million.
The Education Technology Services segment stood out, with revenue up 21.0% to $41.5 million and operating margin improving to 47.4%. U.S. Higher Education revenue fell 3.8% and ANZ enrollment declined, though ANZ revenue benefited from foreign currency. Free cash flow strengthened to $77.3 million, and cash, cash equivalents, and marketable securities totaled $162.6 million with no revolver debt. The company declared a quarterly dividend of $0.60 per share.
Strategic Education, Inc. reported stronger results for 2025, with revenue rising 4.0% to $1,268.2 million, led by Education Technology Services. Net income increased to $126.6 million, and diluted EPS grew to $5.41, while adjusted diluted EPS on a constant currency basis reached $6.21.
Fourth-quarter revenue rose 3.8% to $323.2 million and net income climbed to $37.9 million, with operating margins improving as technology and AI-enabled productivity initiatives supported 35% operating income growth. ETS revenue grew 28.3% in the quarter to $39.1 million, and Sophia Learning revenue increased 40.8% to $18.0 million as subscribers rose about 47%.
U.S. Higher Education revenue increased modestly despite a 4.0% enrollment decline, helped by higher revenue per student and growing employer-affiliated and healthcare enrollment. Australia/New Zealand saw slightly lower revenue and enrollment but higher margins. The company ended 2025 with $153.1 million in cash, generated $153.9 million in free cash flow, repurchased 1.7 million shares for $138.9 million, and declared a $0.60 quarterly dividend.
Strategic Education, Inc. reported that it issued a press release with financial results for the period ended September 30, 2025, furnished as Exhibit 99.1.
The information under Item 2.02, including Exhibit 99.1, is furnished and not deemed filed under the Exchange Act.