The Tip Desk

Strategic Education, Inc.

Company Stats

Market Cap
$1.7B
as of Sep 30, 2026
Shares Outstanding
22.2M
Free Float
90.7%

Income Statement

Revenue
$1.3B
Operating Income
$174.2M
Net Income
$126.6M
EBITDA
$222.6M
Revenue Growth, 3Y
6.0%
FCF Margin, 3Y Avg
9.9%
FCF Margin, Worst Year
7.1%

Cash Flow

Free Cash Flow
$153.9M
FCF Yield
8.9%
Owner FCF Yield
7.6%

Balance Sheet

Cash & Equivalents
$140.8M

Returns & Capital

Dividends Paid
$57.5M
Dividend Yield
3.3%
Dividend Payout, 3Y Avg
60.7%
Share Repurchases
$138.9M
Buyback Yield, 3Y Avg
3.1%
SBC, 3Y Avg
$22.8M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$1.3B$153.9M12.1%
FY2024$1.2B$128.8M10.6%
FY2023$1.1B$80.2M7.1%
FY2022$1.1B$82.9M7.8%
FY2021$1.1B$131.1M11.6%

Annual filing data through FY ended December 31, 2025; shares and float as of October 26, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage