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Strategic Education, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

STRA$52.95+1.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Table of Contents

INDEX

FORM 10-Q

PART I — FINANCIAL INFORMATION
Item 1. · Financial Statements
Unaudited Condensed Consolidated Balance Sheets at December 31, 2024 and September 30, 20253
Unaudited Condensed Consolidated Statements of Income for the three and nine months ended September 30, 2024 and 20254
Unaudited Condensed Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2024 and 20254
Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the three and nine months ended September 30, 2024 and 20255
Unaudited Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2024 and 20257
Notes to Unaudited Condensed Consolidated Financial Statements8
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations30
Item 3.Quantitative and Qualitative Disclosures About Market Risk41
Item 4.Controls and Procedures42
PART II — OTHER INFORMATION
Item 1.Legal Proceedings43
Item 1A.Risk Factors43
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds50
Item 3.Defaults Upon Senior Securities50
Item 4.Mine Safety Disclosures50
Item 5.Other Information50
Item 6.Exhibits51
SIGNATURES52
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.