Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $441M | $455M | $634M | $997M | $1.03B | $1.13B | $1.07B | $1.13B | $1.22B | $1.27B |
| Revenue growth | — | 3.1% | 39.4% | 57.2% | 3.1% | 10.1% | -5.9% | 6.3% | 7.7% | 4.0% |
| Operating income | $57.5M | $52.2M | -$22.7M | $111M | $109M | $73.9M | $70.8M | $95.3M | $156M | $174M |
| Operating margin | 13.0% | 11.5% | -3.6% | 11.1% | 10.6% | 6.5% | 6.6% | 8.4% | 12.8% | 13.7% |
| Net income | $34.8M | $20.6M | -$15.7M | $81.1M | $86.3M | $55.1M | $46.7M | $69.8M | $113M | $127M |
| Net margin | 7.9% | 4.5% | -2.5% | 8.1% | 8.4% | 4.9% | 4.4% | 6.2% | 9.2% | 10.0% |
| EPS (diluted) | $3.21 | $1.84 | -$1.03 | $3.67 | $3.77 | $2.28 | $1.94 | $2.91 | $4.67 | $5.41 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $44.5M | $56.2M | $46.9M | $202M | $143M | $181M | $126M | $117M | $169M | $198M |
| Capital expenditures | $13.2M | $18.1M | $27.5M | $38.7M | $46.8M | $49.4M | $43.2M | $36.9M | $40.6M | $44.3M |
| Free cash flow | $31.4M | $38.1M | $19.3M | $163M | $96.1M | $131M | $82.9M | $80.2M | $129M | $154M |
| Share buybacks | — | — | $0.00 | $0.00 | $247K | $5.91M | $40.1M | $10.00M | $11.5M | $139M |
| Dividends paid | — | $11.4M | $27.8M | $46.6M | $56.0M | $59.0M | $59.2M | $58.8M | $59.0M | $57.5M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $129M | $156M | $312M | $420M | $188M | $269M | $214M | $168M | $137M | $141M |
| Total assets | $299M | $321M | $1.66B | $1.79B | $2.30B | $2.31B | $2.16B | $2.13B | $2.05B | $2.04B |
| Total liabilities | $110M | $112M | $236M | $327M | $547M | $592M | $526M | $473M | $387M | $392M |
| Long-term debt | — | — | — | $0.00 | $142M | $142M | $101M | $61.4M | $0.00 | — |
| Shareholders' equity | $188M | $209M | $1.43B | $1.46B | $1.75B | $1.71B | $1.64B | $1.65B | $1.66B | $1.65B |
| Retained earnings | $153M | $162M | $118M | $153M | $180M | $175M | $160M | $169M | $218M | $255M |
| Shares (wtd avg diluted) | 10.8M | 11.2M | 15.2M | 22.1M | 22.9M | 24.1M | 24.0M | 24.0M | 24.1M | 23.4M |
Every figure is extracted from Strategic Education, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.