STRA Q1 2023 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q1 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$257M-0.9% YoY

Gross Profit

$104M40.4% margin

Operating Income

-$1M-0.5% margin

Net Income

-$2M-0.8% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-4.9%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$27M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$555M

Stockholders' Equity

$1.6B

Cash & Equivalents

$203M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$257M	$259M	-0.9%
Gross Profit	$104M	$114M	-9.2%
Operating Income	-$1M	$13M	-110.0%
Net Income	-$2M	$7M	-128.9%

Revenue Segments

U.S. Higher Education Segment

$197M77%

Australia/New Zealand Segment

$42M16%

Education Technology Services

$18M7%