STRAStrategic Education, Inc.

$2B

Q2 2021 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$299M+16.9% YoY

Gross Profit

$146M48.9% margin

Operating Income

$27M8.9% margin

Net Income

$20M6.7% margin

EPS (Diluted)

$0.83

QoQ Revenue Growth

+3.0%

Cash Flow

Operating Cash Flow

$47M

Free Cash Flow

$37M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$630M

Stockholders' Equity

$1.7B

Cash & Equivalents

$262M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$299M	$256M	+16.9%
Gross Profit	$146M	$130M	+12.2%
Operating Income	$27M	$46M	-42.5%
Net Income	$20M	$34M	-41.5%

Revenue Segments

U.S. Higher Education Segment

$212M74%

Australia/New Zealand Segment

$74M26%

STRA Q2 2021 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena