Grand Canyon Education
Provides universities with technology, academic, marketing, and operational services under revenue-linked agreements.
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Profile
Provides technology, academic, marketing, counseling, and back-office services to university partners. Revenue is tied to partner tuition and fee revenue, while Grand Canyon University remains the principal scale anchor in the disclosed student population.
Provides universities with integrated technology, academic, marketing, communication, counseling, and back-office services under long-term agreements.
After selling Grand Canyon University to an independent nonprofit, it stopped operating a higher-education institution. Its systems support faculty recruiting and training, admissions, financial aid, accounting, and technical support. Compensation is tied to a percentage of partner tuition and fee revenue.
University partners are the customer base, with Grand Canyon University the principal scale anchor in the disclosed year-end student population. Continuity of partner relationships, especially GCU, and Title IV treatment shape the service model.
Company facts
Categories
Key statistics
Year to date −8.6% · Average volume (30d) 315.3K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Barrington | Target | $215 | $200 | |
| Jul 6, 2026 | BMO Capital | Reiterate | Outperform | $162 | $185 |
| Jun 9, 2026 | Truist Financial | Target | $200 | $100 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.67 | $1.81 | +8.4% | $261.9M | $264.0M | +0.8% | −3.19% |
| Apr 30, 2026Q1 FY26 | $2.78 | $2.86 | +2.9% | $307.8M | $308.8M | +0.3% | −3.35% |
| Feb 18, 2026Q4 FY25 | $3.19 | $3.21 | +0.6% | $308.1M | $308.1M | 0.0% | −7.86% |
| Nov 5, 2025Q3 FY25 | $1.78 | $1.78 | 0.0% | $307.9M | $261.1M | −15.2% | −6.30% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $289.3M | $247.5M | $261.1M | $308.1M | $308.8M | $264.0M | |
| Gross profit | $160.8M | $121.3M | $131.8M | $174.4M | $171.9M | $130.3M | |
| Operating income | $88.0M | $51.8M | $55.4M | $108.1M | $95.5M | $58.2M | |
| Net income | $71.6M | $41.5M | $16.3M | $86.7M | $75.3M | $45.9M | |
| Diluted EPS | $2.52 | $1.48 | $0.58 | $3.14 | $2.80 | $1.75 | |
| Gross margin | 55.6% | 49.0% | 50.5% | 56.6% | 55.7% | 49.4% | |
| Operating margin | 30.4% | 20.9% | 21.2% | 35.1% | 30.9% | 22.0% |
Fiscal years (4-quarter sums)FY21 $896.6M · FY22 $911.3M · FY23 $960.9M · FY24 $1.03B · FY25 $1.11B
Balance sheet, Jun 30, 2026Cash & short-term investments $274.5M · Total debt $104.2M · Total assets $919.2M · Shareholders' equity $669.5M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 26.07M · Float 25.48M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.78M | 10.66% | 13F | Aug 7, 2026 |
| FMR LLC | 2.05M | 7.85% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 1.28M | 4.91% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 1.19M | 4.58% | 13F | Aug 13, 2026 |
| William Blair Investment Management, LLC | 1.04M | 3.99% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 11, 2025 | Chevy Humphrey | director | −600 | $166.15 |
Peers
- Coursera
University degree and credential platforms at online scale
- Strategic Education
Online adult degree programs and employer education benefits
- Covista
Healthcare degree programs for the U.S. clinical workforce
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Grand Canyon Education | $151.19 | +0.01% | $3.94B | 18.3 | 14.1 | 3.5 | +6.7% |
| Coursera | $6.47 | −0.08% | $1.19B | — | 8.3 | 1.3 | +59.6% |
| Strategic Education | $84.64 | +0.01% | $1.92B | 14.1 | 10.5 | 1.5 | +2.7% |
| Covista | $136.82 | +1.71% | $4.58B | 18.0 | 14.9 | 2.3 | +9.7% |
| Median | 16.0 | 10.5 | 1.5 | +9.7% |





