STRAStrategic Education, Inc.

$2B

Q3 2018 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$161M+48.3% YoY

Gross Profit

$68M42.0% margin

Operating Income

-$57M-35.5% margin

Net Income

-$53M-32.8% margin

EPS (Diluted)

$-2.97

QoQ Revenue Growth

+40.4%

Cash Flow

Operating Cash Flow

-$45M

Free Cash Flow

-$52M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$1.6B

Total Liabilities

$237M

Stockholders' Equity

$1.4B

Cash & Equivalents

$276M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161M	$109M	+48.3%
Gross Profit	$68M	$52M	+31.3%
Operating Income	-$57M	$8M	-794.6%
Net Income	-$53M	$6M	-947.6%

Revenue Segments

All Other Segments

$3M100%

STRA Q3 2018 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena