STRAStrategic Education, Inc.

$2B

Q1 2020 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$265M+7.6% YoY

Gross Profit

$132M49.9% margin

Operating Income

$44M16.6% margin

Net Income

$35M13.3% margin

EPS (Diluted)

$1.60

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

$69M

Free Cash Flow

$54M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$325M

Stockholders' Equity

$1.5B

Cash & Equivalents

$443M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$265M	$247M	+7.6%
Gross Profit	$132M	$112M	+17.7%
Operating Income	$44M	$26M	+70.9%
Net Income	$35M	$12M	+206.4%

Revenue Segments

Strayer Segment

$291M55%

Capella Segment

$239M45%

STRA Q1 2020 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena