STRAStrategic Education, Inc.

$2B

Q1 2024 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$290M+13.1% YoY

Gross Profit

$133M45.7% margin

Operating Income

$41M14.2% margin

Net Income

$30M10.2% margin

EPS (Diluted)

$1.23

QoQ Revenue Growth

-4.1%

Cash Flow

Operating Cash Flow

$78M

Free Cash Flow

$68M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$513M

Stockholders' Equity

$1.6B

Cash & Equivalents

$222M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$290M	$257M	+13.1%
Gross Profit	$133M	$104M	+27.9%
Operating Income	$41M	-$1M	+3165.7%
Net Income	$30M	-$2M	+1564.6%

Revenue Segments

U.S. Higher Education Segment

$219M76%

Australia/New Zealand Segment

$47M16%

Education Technology Services

$24M8%

STRA Q1 2024 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena