STRA Q3 2022 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q3 2022 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$263M-2.6% YoY

Gross Profit

$110M41.8% margin

Operating Income

$8M3.0% margin

Net Income

$6M2.3% margin

EPS (Diluted)

$0.25

QoQ Revenue Growth

-3.8%

Cash Flow

Operating Cash Flow

$44M

Free Cash Flow

$34M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$617M

Stockholders' Equity

$1.6B

Cash & Equivalents

$263M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$263M	$270M	-2.6%
Gross Profit	$110M	$116M	-5.6%
Operating Income	$8M	$7M	+6.2%
Net Income	$6M	$4M	+58.1%

Revenue Segments

U.S. Higher Education Segment

$185M70%

Australia/New Zealand Segment

$61M23%

Education Technology Services

$16M6%