Strategic Education
Runs degree universities, employer learning benefits, and online course platforms for working adults.
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Profile
Sells post-secondary degree programs through Strayer, Capella, and Torrens, alongside Workforce Edge education-benefit services and Sophia online courses. U.S. higher education is the core revenue base, with ANZ policy exposure and U.S. Title IV regulation shaping the model.
Runs an education services portfolio spanning U.S. Higher Education, Australia/New Zealand, and Education Technology Services. U.S. Higher Education centers on Strayer University and Capella University, serving working adults through online and campus-based certificate and degree programs.
Extends outside the U.S. through Torrens University and smaller ANZ brands such as Think Education and Media Design School. Education Technology Services adds Workforce Edge for employer education benefits and Sophia Learning for low-cost online general-education courses.
The model depends on accredited post-secondary institutions, employer relationships, student-funding systems, and education regulation. Title IV rules, Department of Education oversight, for-profit education scrutiny, and Australia/New Zealand policy changes shape enrollment.
Company facts
Categories
Key statistics
Year to date +7.7% · Average volume (30d) 286.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 29, 2026 | Barrington | Target | $95 | $105 | ||
| Jul 6, 2026 | BMO Capital | Reiterate | Outperform | $86 | $91 | |
| Apr 27, 2026 | BMO Capital | Reiterate | Outperform | $110 | $86 | |
| Apr 27, 2026 | Truist Financial | Target | $105 | $80 | ||
| Apr 23, 2026 | Barrington | Target | $95 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $1.80 | $1.76 | −2.2% | $327.5M | $330.2M | +0.8% | +7.65% |
| Apr 23, 2026Q1 FY26 | $1.51 | $1.42 | −6.0% | $309.8M | $305.9M | −1.2% | +1.86% |
| Feb 26, 2026Q4 FY25 | $1.41 | $1.74 | +23.4% | $322.3M | $323.2M | +0.3% | +4.94% |
| Nov 6, 2025Q3 FY25 | $1.30 | $1.63 | +25.4% | $322.3M | $319.9M | −0.7% | +0.94% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $303.6M | $321.5M | $319.9M | $323.2M | $305.9M | $337.3M | |
| Gross profit | $145.3M | $155.3M | $157.2M | $163.3M | $151.2M | $159.4M | |
| Operating income | $39.8M | $45.8M | $37.0M | $54.6M | $43.2M | $50.5M | |
| Net income | $29.7M | $32.3M | $26.6M | $37.9M | $32.8M | $37.2M | |
| Diluted EPS | $1.24 | $1.37 | $1.15 | $1.66 | $1.48 | $1.71 | |
| Gross margin | 47.9% | 48.3% | 49.1% | 50.5% | 49.4% | 47.3% | |
| Operating margin | 13.1% | 14.2% | 11.6% | 16.9% | 14.1% | 15.0% |
Fiscal years (4-quarter sums)FY21 $1.13B · FY22 $1.07B · FY23 $1.13B · FY24 $1.22B · FY25 $1.27B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $128.8M · Total debt $106.7M · Total assets $2.07B · Shareholders' equity $1.63B
Dividends
Raised for 8 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 22, 2026 | May 22 | Jun 1 | $0.60 | |
| Mar 9, 2026 | Mar 9 | Mar 16 | $0.60 | |
| Dec 1, 2025 | Dec 1 | Dec 8 | $0.60 | |
| Sep 5, 2025 | Sep 5 | Sep 15 | $0.60 | |
| May 23, 2025 | May 23 | Jun 2 | $0.60 | |
| Mar 10, 2025 | Mar 10 | Mar 17 | $0.60 | |
| Dec 2, 2024 | Dec 2 | Dec 9 | $0.60 | |
| Sep 6, 2024 | Sep 6 | Sep 16 | $0.60 |
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 22.73M · Float 21.38M · 94.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.80M | 16.72% | 13F | Aug 7, 2026 |
| Fenelon Opportunity Fund Inc. | 1.80M | 7.50% | 13G | Aug 17, 2026 |
| Vanguard Portfolio Management LLC | 1.46M | 6.42% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 1.46M | 6.41% | 13F | Aug 11, 2026 |
| Burgundy Asset Management Ltd. | 1.44M | 6.14% | 13G | Feb 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 4, 2026 | Christa Hokenson | officer: CHIEF HUMAN RESOURCES OFFICER | −2,000 | $80.00 |
| May 5, 2026 | G. Thomas Iii Waite | director | −666 | $77.68 |
| Apr 24, 2026 | Michael Thawley | director | +665 | $72.71 |
| Mar 18, 2026 | Lizette Benedi Herraiz | officer: GENERAL COUNSEL | −2,982 | $79.88 |
| Mar 13, 2026 | Lizette Benedi Herraiz | officer: GENERAL COUNSEL | −7,598 | $79.97 |
Peers
- Perdoceo Education
Direct for-profit overlap in adult online degrees
- Grand Canyon Education
University-service platform with scaled online reach
- American Public Education
Military and healthcare-focused adult postsecondary peer
- Coursera
MOOC, degree, and enterprise skills platform
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Strategic Education | $84.64 | +0.01% | $1.92B | 14.1 | 10.5 | 1.5 | +2.7% |
| Perdoceo Education | $33.57 | −0.03% | $2.10B | 12.3 | — | 2.5 | +1.8% |
| Grand Canyon Education | $151.19 | +0.01% | $3.94B | 18.3 | 14.1 | 3.5 | +6.7% |
| American Public Education | $46.01 | −0.07% | $844.0M | 18.9 | 17.7 | 1.3 | +5.5% |
| Coursera | $6.47 | −0.08% | $1.19B | — | 8.3 | 1.3 | +59.6% |
| Median | 18.3 | 14.1 | 1.9 | +6.1% |