STRA Q3 2024 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q3 2024 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$306M+7.0% YoY

Gross Profit

$143M46.8% margin

Operating Income

$36M11.9% margin

Net Income

$28M9.1% margin

EPS (Diluted)

$1.15

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$51M

Free Cash Flow

$42M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$2.2B

Total Liabilities

$471M

Stockholders' Equity

$1.7B

Cash & Equivalents

$196M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$306M	$286M	+7.0%
Gross Profit	$143M	$130M	+10.1%
Operating Income	$36M	$26M	+41.7%
Net Income	$28M	$18M	+50.3%

Revenue Segments

U.S. Higher Education Segment

$208M68%

Australia/New Zealand Segment

$72M24%

Education Technology Services

$26M9%