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.
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.