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. filings document the regulatory record of an education-services company with common stock listed on the Nasdaq Global Select Market. Form 8-K reports primarily furnish operating results and financial condition updates, including segment commentary for Education Technology Services, U.S. Higher Education, Australia/New Zealand, and related platforms such as Sophia Learning.
Proxy materials describe annual meeting procedures, director elections, auditor ratification, advisory executive compensation votes, board practices, compensation disclosures, and selected financial information. The filings also identify the company’s registered common stock, public-company governance framework, and recurring disclosure obligations.
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.
Daniel W. Jackson, Chief Financial Officer and director of Strategic Education, Inc. (STRA), reported an open-market purchase of 1,900 shares of the issuer's common stock on 08/29/2025 at a price of $81.50 per share. Following this transaction, Mr. Jackson directly beneficially owns 104,136 shares. The reported total reflects an adjustment noting an aggregate of 59 shares added between 2023 and 2025 through automatic reinvestment of cash dividends by the reporting person's broker. The Form 4 was signed on 09/02/2025.
Strategic Education, Inc. (STRA) director Thomas G. Waite III reported an open-market sale of 700 shares on 08/26/2025 at a price of $81.69 per share. Following the sale he beneficially owns 15,926 shares, held directly. The Form 4 was filed as a single reporting person submission and the filing was signed by an attorney-in-fact, Daniel W. Jackson, on 08/26/2025. No derivative transactions or other securities classes are reported on this form.