Strategic Education Net Income Rises 10% to $32.8M in Q1 2026

Strategic Education, Inc. (NASDAQ: STRA), a provider of education and workforce solutions, reported net income of $32.8 million for the three months ending March 31, 2026, up from $29.7 million in the same period last year. Diluted earnings per share increased to $1.48 from $1.24 a year earlier. Read more earnings reports.

Revenue for the quarter edged up 0.8% to $305.9 million from $303.6 million in the first quarter of 2025. Operating income rose to $41.1 million from $39.8 million, while the company's income tax expense fell to $9.5 million from $12.3 million.

Cash generated from operations surged 29% to $87.4 million for the three months ending March 31, 2026, compared to $67.7 million in the prior-year period. The company ended the quarter with $150.4 million in cash and cash equivalents, up from $140.8 million at the end of December 2025.

Total assets grew to $2.08 billion as of March 31, 2026, from $2.04 billion three months earlier. Goodwill increased to $1.26 billion from $1.24 billion during the same period. Current liabilities rose to $262.9 million from $217.9 million at year-end 2025.

The company used $66.1 million in financing activities during the quarter, compared to $56.1 million in the first quarter of 2025. Cash used for investing activities totaled $10.2 million, up from $1.7 million a year earlier.

Common shares outstanding declined to 22.6 million as of March 31, 2026, down from 23.0 million at the end of December 2025. Weighted average diluted shares fell to 22.2 million from 24.1 million in the prior-year quarter.

Financial Summary