STRA Q2 2022 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q2 2022 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$274M-8.6% YoY

Gross Profit

$126M46.1% margin

Operating Income

$22M8.0% margin

Net Income

$15M5.6% margin

EPS (Diluted)

$0.63

QoQ Revenue Growth

+5.7%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$11M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$608M

Stockholders' Equity

$1.7B

Cash & Equivalents

$263M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$274M	$299M	-8.6%
Gross Profit	$126M	$146M	-13.7%
Operating Income	$22M	$27M	-18.1%
Net Income	$15M	$20M	-23.8%

Revenue Segments

U.S. Higher Education Segment

$190M69%

Australia/New Zealand Segment

$68M25%

Education Technology Services

$16M6%