STRA Q3 2023 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q3 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$286M+8.7% YoY

Gross Profit

$130M45.5% margin

Operating Income

$26M9.0% margin

Net Income

$18M6.5% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

$37M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$519M

Stockholders' Equity

$1.6B

Cash & Equivalents

$168M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$286M	$263M	+8.7%
Gross Profit	$130M	$110M	+18.4%
Operating Income	$26M	$8M	+228.3%
Net Income	$18M	$6M	+203.0%

Revenue Segments

U.S. Higher Education Segment

$202M71%

Australia/New Zealand Segment

$63M22%

Education Technology Services

$21M7%