Welcome to our dedicated page for Strategic Education SEC filings (Ticker: STRA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Strategic Education, Inc. (NASDAQ: STRA) files reports and disclosures with the U.S. Securities and Exchange Commission as a public company listed on the Nasdaq Global Select Market. According to recent Form 8-K filings, the company uses these reports to furnish press releases announcing its financial results for periods such as the quarters ended June 30 and September 30, along with other required information under the federal securities laws.
On this SEC filings page, users can review Strategic Education’s regulatory documents, including current reports on Form 8-K that describe results of operations and financial condition. These filings typically reference consolidated revenue, income from operations, net income, and segment performance for U.S. Higher Education, Education Technology Services, and Australia/New Zealand. They may also include discussions of non-GAAP measures such as adjusted income from operations, adjusted net income, adjusted EBITDA, and constant currency revenue, as well as information on enrollment trends and cash flow.
In addition to Form 8-K, Strategic Education also files annual reports on Form 10-K, quarterly reports on Form 10-Q, and other documents required of companies with securities registered under Section 12(b) of the Exchange Act. These filings provide detail on the company’s business segments, risk factors, accounting policies, and capital structure, including the listing of its common stock, par value $0.01 per share, on the Nasdaq Global Select Market under the symbol STRA.
Through Stock Titan, users can access these SEC filings as they are made available on EDGAR and use AI-powered tools to help interpret complex disclosures. This can include summarizing lengthy sections, highlighting key metrics and segment information, and surfacing references to topics such as enrollment, employer partnerships, and segment performance that are central to understanding Strategic Education’s operations.
Strategic Education, Inc. director and chairman Robert S. Silberman reported equity compensation and related tax withholding in company stock. He received a grant of 52,646 shares of restricted Common Stock, which will vest on February 26, 2030 subject to performance criteria. Separately, 28,260 shares were withheld to cover taxes on performance-based restricted shares that vested on February 24, 2026. Following these transactions, he directly holds 319,152 shares of Common Stock, including 851 shares acquired under the company’s 401(k) plan.
Strategic Education, Inc. chief financial officer Daniel Wayne Jackson reported two stock transactions involving the company’s common stock. On February 26, 2026, he acquired 26,323 restricted shares at a price of $0.00 per share as a grant or award. According to the disclosure, these shares are restricted and will vest on February 26, 2030, subject to specified performance criteria, so he does not fully own them yet.
On February 24, 2026, 17,363 shares were disposed of at $74.91 per share to cover tax obligations related to performance-based restricted shares that vested on that date. This was a tax-withholding disposition rather than an open-market sale. After these transactions, his directly held common stock positions were updated as reported in the filing.
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.
Marshfield Associates Inc reported its beneficial ownership of STRATEGIC EDUCATION INC common stock in an updated Schedule 13G filing. Marshfield holds 1,478,522 shares, representing 6.29% of the company’s outstanding common stock. It has sole voting power over 1,096,519 shares and sole dispositive power over 1,478,522 shares.
The firm states that the shares were acquired and are held in the ordinary course of business, and not for the purpose of changing or influencing control of the company. The certification is signed by Brian Walker, General Counsel and Chief Compliance Officer of Marshfield Associates Inc.
Strategic Education, Inc. received a Schedule 13G reporting that Bank of Montreal and related entities beneficially own 1,476,841 shares of its common stock, representing 6.28% of the class as of 12/31/2025.
The filing lists Bank of Montreal, Bank of Montreal Holding Inc., several BMO investment subsidiaries, and Burgundy Asset Management, Inc. The reporting persons state the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Strategic Education.
Burgundy Asset Management Ltd., a Canadian firm, reports beneficial ownership of 1,442,465 shares of Strategic Education Inc. common stock, representing about 6.1415% of the class as of the event date. Burgundy has sole power to vote 1,052,618 shares and sole power to dispose of all 1,442,465 shares, with no shared voting or dispositive authority. The position is certified as being held in the ordinary course of business and not for the purpose of changing or influencing control of the company. A comment notes that as of November 1, 2025, Burgundy became a wholly owned subsidiary of Bank of Montreal, with beneficial ownership now aggregated in Bank of Montreal's reporting.
Strategic Education, Inc. reported an insider stock transaction by one of its directors. On December 11, 2025, the director sold 1,403 shares of common stock at a price of $80.03 per share. Following this sale, the director beneficially owns 9,946 shares of Strategic Education common stock, held directly. The filing shows no derivative securities transactions for this reporting person.
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.
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.