Strategic Education, Inc.

For the period ended Jun 30, 2026. Filed Jul 29, 2026.

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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.

Jun 30, 2026 · Filed Jul 29, 2026

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

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Contents

INDEX

FORM 10-Q

PART I — FINANCIAL INFORMATION
Item 1. · Financial Statements
		Unaudited Condensed Consolidated Balance Sheets at December 31, 2025 and June 30, 2026	3
		Unaudited Condensed Consolidated Statements of Income for the three and six months ended June 30, 2025 and 2026	4
		Unaudited Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2025 and 2026	4
		Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2025 and 2026	5
		Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2026	7
		Notes to Unaudited Condensed Consolidated Financial Statements	8
	Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	30
	Item 3.	Quantitative and Qualitative Disclosures About Market Risk	41
	Item 4.	Controls and Procedures	42
PART II — OTHER INFORMATION
	Item 1.	Legal Proceedings	43
	Item 1A.	Risk Factors	43
	Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	47
	Item 3.	Defaults Upon Senior Securities	47
	Item 4.	Mine Safety Disclosures	48
	Item 5.	Other Information	48
	Item 6.	Exhibits	48
SIGNATURES	49

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