STRAStrategic Education, Inc.

$2B

Q3 2019 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$242M+50.2% YoY

Gross Profit

$109M45.2% margin

Operating Income

$20M8.3% margin

Net Income

$17M6.9% margin

EPS (Diluted)

$0.75

QoQ Revenue Growth

-1.4%

Cash Flow

Operating Cash Flow

$38M

Free Cash Flow

$29M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.8B

Total Liabilities

$337M

Stockholders' Equity

$1.4B

Cash & Equivalents

$397M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$242M	$161M	+50.2%
Gross Profit	$109M	$68M	+61.4%
Operating Income	$20M	-$57M	+135.0%
Net Income	$17M	-$53M	+131.6%

Revenue Segments

Other Segments

$3M100%

STRA Q3 2019 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena