STRA Q2 2023 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q2 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$288M+5.2% YoY

Gross Profit

$126M43.9% margin

Operating Income

$17M5.8% margin

Net Income

$14M4.9% margin

EPS (Diluted)

$0.59

QoQ Revenue Growth

+12.1%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

-$4M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$544M

Stockholders' Equity

$1.6B

Cash & Equivalents

$181M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$288M	$274M	+5.2%
Gross Profit	$126M	$126M	+0.0%
Operating Income	$17M	$22M	-23.1%
Net Income	$14M	$15M	-6.5%

Revenue Segments

U.S. Higher Education Segment

$203M70%

Australia/New Zealand Segment

$65M23%

Education Technology Services

$20M7%