STRA Q2 2024 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q2 2024 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$312M+8.5% YoY

Gross Profit

$149M47.7% margin

Operating Income

$42M13.4% margin

Net Income

$30M9.6% margin

EPS (Diluted)

$1.24

QoQ Revenue Growth

+7.6%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$14M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$499M

Stockholders' Equity

$1.7B

Cash & Equivalents

$230M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$312M	$288M	+8.5%
Gross Profit	$149M	$126M	+18.1%
Operating Income	$42M	$17M	+149.3%
Net Income	$30M	$14M	+110.1%

Revenue Segments

U.S. Higher Education Segment

$217M69%

Australia/New Zealand Segment

$71M23%

Education Technology Services

$25M8%