STRA Q4 2023 Earnings — Strategic Education, Inc. Revenue & Financial Results | Market Cap Arena

STRAStrategic Education, Inc.

$2B

Q4 2023 Earnings

Consumer Defensive Education & Training Services

Income Statement

Revenue

$303M+12.1% YoY

Gross Profit

$149M49.2% margin

Operating Income

$54M17.9% margin

Net Income

$39M12.9% margin

EPS (Diluted)

$1.63

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$30M

Free Cash Flow

$20M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$2.1B

Total Liabilities

$473M

Stockholders' Equity

$1.7B

Cash & Equivalents

$168M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$303M	$270M	+12.1%
Gross Profit	$149M	$118M	+26.5%
Operating Income	$54M	$28M	+96.1%
Net Income	$39M	$18M	+113.5%

Revenue Segments

U.S. Higher Education Segment

$218M72%

Australia/New Zealand Segment

$63M21%

Education Technology Services

$22M7%