Strategic Education, Inc.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 27, 2026
STRA$54.59+3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
(in thousands, except share and per share data)
| December 31, 2024 | December 31, 2025 | |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $137,074 | $140,757 |
| Marketable securities | 46,949 | 7,297 |
| Tuition receivable, net | 76,127 | 78,202 |
| Income taxes receivable | — | 2,511 |
| Other current assets | 44,793 | 49,090 |
| Total current assets | 304,943 | 277,857 |
| Property and equipment, net | 111,247 | 107,373 |
| Right-of-use lease assets | 103,673 | 91,140 |
| Marketable securities, non-current | 14,981 | 5,000 |
| Intangible assets | 245,098 | 249,243 |
| Goodwill | 1,206,883 | 1,242,413 |
| Other assets | 62,910 | 65,514 |
| Total assets | $2,049,735 | $2,038,540 |
| LIABILITIES & STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued expenses | $101,749 | $105,791 |
| Income taxes payable | 2,926 | — |
| Contract liabilities | 89,563 | 96,247 |
| Lease liabilities | 22,222 | 15,905 |
| Total current liabilities | 216,460 | 217,943 |
| Deferred income tax liabilities | 27,586 | 35,835 |
| Lease liabilities, non-current | 103,004 | 93,216 |
| Other long-term liabilities | 40,186 | 45,140 |
| Total liabilities | 387,236 | 392,134 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock, par value $0.01; 32,000,000 shares authorized; 24,502,385 and 22,968,860 shares issued and outstanding at December 31, 2024 and 2025, respectively | 245 | 230 |
| Additional paid-in capital | 1,532,414 | 1,436,795 |
| Accumulated other comprehensive loss | (88,565) | (46,115) |
| Retained earnings | 218,405 | 255,496 |
| Total stockholders’ equity | 1,662,499 | 1,646,406 |
| Total liabilities and stockholders’ equity | $2,049,735 | $2,038,540 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.