# Strategic Education, Inc.: overview

STRA · Nasdaq · CIK 1013934 · [Other](/sectors/other.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/stra.md) · [Financials](/companies/stra/financials.md) · [Filings](/companies/stra/filings.md) · [Insiders](/companies/stra/insiders.md)

Latest reported revenue: [$337.3m](/filings/0001013934-26-000018.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Jul 29, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001013934-26-000018).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [306](/filings/0001013934-25-000042.md) | [311 d](/filings/0001013934-26-000006.md) | [304](/filings/0001013934-26-000012.md) | [321](/filings/0001013934-26-000018.md) | [320](/filings/0001013934-25-000042.md) | [323 d](/filings/0001013934-26-000006.md) | [306](/filings/0001013934-26-000012.md) | [337](/filings/0001013934-26-000018.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [11.9%](/filings/0001013934-25-000042.md) | [11.6% d](/filings/0001013934-26-000006.md) | [13.1%](/filings/0001013934-26-000012.md) | [14.2%](/filings/0001013934-26-000018.md) | [11.6%](/filings/0001013934-25-000042.md) | [16.0% d](/filings/0001013934-26-000006.md) | [13.4%](/filings/0001013934-26-000012.md) | [15.0%](/filings/0001013934-26-000018.md) |
| Net margin | % | [9.1%](/filings/0001013934-25-000042.md) | [8.1% d](/filings/0001013934-26-000006.md) | [9.8%](/filings/0001013934-26-000012.md) | [10.1%](/filings/0001013934-26-000018.md) | [8.3%](/filings/0001013934-25-000042.md) | [11.7% d](/filings/0001013934-26-000006.md) | [10.7%](/filings/0001013934-26-000012.md) | [11.0%](/filings/0001013934-26-000018.md) |
| Diluted EPS | $ per share | [1.15](/filings/0001013934-25-000042.md) | not reported | [1.24](/filings/0001013934-26-000012.md) | [1.37](/filings/0001013934-26-000018.md) | [1.15](/filings/0001013934-25-000042.md) | not reported | [1.48](/filings/0001013934-26-000012.md) | [1.71](/filings/0001013934-26-000018.md) |
| Free cash flow | $m | [42.1 d](/filings/0001013934-25-000042.md) | [4.7 d](/filings/0001013934-26-000006.md) | [57.3](/filings/0001013934-26-000012.md) | [20.4 d](/filings/0001013934-26-000018.md) | [49.3 d](/filings/0001013934-25-000042.md) | [27.0 d](/filings/0001013934-26-000006.md) | [77.3](/filings/0001013934-26-000012.md) | [15.0 d](/filings/0001013934-26-000018.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,132](/filings/0001013934-24-000004.md) | [1,065](/filings/0001013934-25-000007.md) | [1,133](/filings/0001013934-26-000006.md) | [1,220](/filings/0001013934-26-000006.md) | [1,268](/filings/0001013934-26-000006.md) |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | [6.5%](/filings/0001013934-24-000004.md) | [6.6%](/filings/0001013934-25-000007.md) | [8.4%](/filings/0001013934-26-000006.md) | [12.8%](/filings/0001013934-26-000006.md) | [13.7%](/filings/0001013934-26-000006.md) |
| Net margin | % | [4.9%](/filings/0001013934-24-000004.md) | [4.4%](/filings/0001013934-25-000007.md) | [6.2%](/filings/0001013934-26-000006.md) | [9.2%](/filings/0001013934-26-000006.md) | [10.0%](/filings/0001013934-26-000006.md) |
| Diluted EPS | $ per share | [2.28](/filings/0001013934-24-000004.md) | [1.94](/filings/0001013934-25-000007.md) | [2.91](/filings/0001013934-26-000006.md) | [4.67](/filings/0001013934-26-000006.md) | [5.41](/filings/0001013934-26-000006.md) |
| Free cash flow | $m | [131](/filings/0001013934-24-000004.md) | [82.9](/filings/0001013934-25-000007.md) | [80.2](/filings/0001013934-26-000006.md) | [129](/filings/0001013934-26-000006.md) | [154](/filings/0001013934-26-000006.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/stra/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $291.2m | 3,800,430 |  | Added +99,367 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $111.9m | 1,460,171 |  | Added +41,009 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $111.7m | 1,457,242 |  | Reduced −1,498 |
| [BANK OF MONTREAL /CAN/](/funds/927971.md) | 2026-06-30 | $96.3m | 1,257,266 |  | Reduced −150,937 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $72.4m | 945,402 |  | Reduced −34,360 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $69.7m | 909,679 |  | Added +33,331 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $45.9m | 598,896 |  | Added +7,563 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $45.3m | 591,719 |  | Added +280,749 |
| [MARSHFIELD ASSOCIATES](/funds/914976.md) | 2026-06-30 | $42.8m | 559,012 |  | Reduced −233,918 |
| [ARROWSTREET CAPITAL, LIMITED PARTNERSHIP](/funds/1164508.md) | 2026-06-30 | $34.3m | 447,693 |  | Reduced −6,816 |

## Recent filings

[All 939 filings](/companies/stra/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-07-29 | 20:06 ET | [10-Q](/filings/0001013934-26-000018.md) | Quarterly report, period 2026-06-30 | 0001013934-26-000018 |
| 2026-07-29 | 10:35 ET | [8-K](/filings/0001013934-26-000015.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001013934-26-000015 |
| 2026-04-23 | 20:01 ET | [10-Q](/filings/0001013934-26-000012.md) | Quarterly report, period 2026-03-31 | 0001013934-26-000012 |
| 2026-04-23 | 10:35 ET | [8-K](/filings/0001013934-26-000008.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001013934-26-000008 |
| 2026-03-11 | 20:05 ET | [DEF 14A](/filings/0001104659-26-026380.md) | Proxy statement, period 2026-04-22 | 0001104659-26-026380 |
| 2026-02-27 | 21:06 ET | [10-K](/filings/0001013934-26-000006.md) | Annual report, period 2025-12-31 | 0001013934-26-000006 |
| 2026-02-26 | 21:08 ET | [8-K](/filings/0001013934-26-000002.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001013934-26-000002 |
| 2025-11-06 | 21:07 ET | [10-Q](/filings/0001013934-25-000042.md) | Quarterly report, period 2025-09-30 | 0001013934-25-000042 |
| 2025-11-06 | 11:48 ET | [8-K](/filings/0001013934-25-000039.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001013934-25-000039 |
| 2025-07-30 | 20:05 ET | [10-Q](/filings/0001013934-25-000035.md) | Quarterly report, period 2025-06-30 | 0001013934-25-000035 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001013934-26-000006.md), filed Feb 27, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/51b2318c-5549-4b4c-83d4-d889ee73960a)

## About the filer

- CIK: 1013934
- Tickers: STRA
- Exchange: Nasdaq
- SIC code: 8200 Services-Educational Services
- State of incorporation: MD
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:30 ET. No prices; not investment advice.