STRA on Nasdaq

Strategic Education, Inc.

American educational services company based in Herndon, active since 1996.

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Last updated Oct 18, 2026.

Overview

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  • TickerSTRA on Nasdaq
  • IndustryServices-Educational Services
  • HeadquartersHerndon, United States
  • Incorporated inMD2
  • Business address2303 Dulles Station Boulevard, Herndon, Va 201712
  • Filer categoryLarge accelerated filer2

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

13.7%Operating margin3
10.0%Net margin3
4.0%Revenue growth, 20253
7.7%Return on equity3
$153.9MFree cash flow3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

US Higher Education brought in 68% of the revenue Strategic Education, Inc. broke down this way in fiscal 2025.

  1. US Higher Education$868.2M368%up 1% from 2024
  2. Australia New Zealand$251.6M320%down 2% from 2024
  3. Education Technology Services$148.4M312%up 41% from 2024
Business segments by year
Business segments202320242025
US Higher Education$819.0M$857.9M$868.2M
Australia New Zealand$233.5M$257.1M$251.6M
Education Technology Services$80.5M$104.9M$148.4M

Regions

United States brought in 80% of the revenue Strategic Education, Inc. broke down this way in fiscal 2025.

  1. United States$1.0B380%up 6% from 2024
  2. Outside the United States$251.6M320%down 2% from 2024
Regions by year
Regions202320242025
United States$899.4M$962.8M$1.0B
Outside the United States$233.5M$257.1M$251.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs86¢$1.1B
  • Income tax4¢$50.8M
  • Profit10¢$126.6M

Out of $1.3B in revenue.3

Where each dollar of operating cash went, fiscal 2025

  • Capital spending18¢$44.3M
  • Dividends paid24¢$57.5M
  • Share buybacks58¢$138.9M

Out of $198.2M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3

Financial statements

Revenue45673$1.3B in 2025+27% since 2019
0$500.0M$1.0B$1.5B2019: $997.1M$997.1M20192020: $1.0B$1.0B2020+3%2021: $1.1B$1.1B2021+10%2022: $1.1B$1.1B2022−6%2023: $1.1B$1.1B2023+6%2024: $1.2B$1.2B2024+8%2025: $1.3B$1.3B2025+4%
Operating income45673$174.2M in 2025+58% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $110.5M$110.5M20192020: $109.4M$109.4M2020−1%2021: $73.9M$73.9M2021−32%2022: $70.8M$70.8M2022−4%2023: $95.3M$95.3M2023+35%2024: $155.6M$155.6M2024+63%2025: $174.2M$174.2M2025+12%
Net income45673$126.6M in 2025+56% since 2019
0$50.0M$100.0M$150.0M2019: $81.1M$81.1M20192020: $86.3M$86.3M2020+6%2021: $55.1M$55.1M2021−36%2022: $46.7M$46.7M2022−15%2023: $69.8M$69.8M2023+50%2024: $112.7M$112.7M2024+61%2025: $126.6M$126.6M2025+12%

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenues$1.3B$1.2B$1.1B
Instructional and support costs$647.1M$650.5M$623.9M
General and administration$425.0M$412.2M$384.4M
Amortization of intangible assets$0$0$11.5M
Merger and integration costs$0$0$1.5M
Restructuring costs$21.9M$1.6M$16.3M
Total costs and expenses$1.1B$1.1B$1.0B
Income from operations$174.2M$155.6M$95.3M
Other income$3.2M$5.8M$5.4M
Income before income taxes$177.4M$161.4M$100.7M
Provision for income taxes$50.8M$48.7M$30.9M
Net income$126.6M$112.7M$69.8M
Basic (dollars per share)$5.57$4.81$2.98
Diluted (dollars per share)$5.41$4.67$2.91
Basic (in shares)22.7M shares23.4M shares23.4M shares
Diluted (in shares)23.4M shares24.1M shares24.0M shares

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Leadership

Who has led Strategic Education, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert S. Silberman2006–2013
  2. Raymond Karl McDonnell2013–now

Chair

  1. Robert S. Silberman2006–now

President

  1. Raymond Karl McDonnell2006–2013
  2. Sondra F. Stallard2008–2011
  3. Michael A. Plater2011–2014

Chief financial officer

  1. Mark C. Brown2006–2014
  2. Daniel Wayne Jackson2016–now

Chief operating officer

  1. Raymond Karl McDonnell2006–2013
  2. Rosemary Rose2016
  3. Andrew E. Watt2019–2020
2010201520202025
Board members and other officers (39)

Former names

  • STRAYER EDUCATION INCJul 24, 1996 to Jul 9, 20182

Timeline

  1. May 3, 2013New chief executive Raymond Karl McDonnell becomes CEO11
  2. Feb 16, 2006New chief executive Robert S. Silberman becomes CEO12
  3. May 10, 1996Founded Strategic Education, Inc. is founded58

Filings

246 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 27 major events, 124 insider forms, 36 large holders, 39 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Jul 31, 2026SCHEDULE 13G/A EDGAR
  3. Jul 29, 202610-Q EDGAR
  4. Jul 29, 20268-K EDGAR
  5. Jun 5, 20264 EDGAR
  6. Jun 4, 2026144 EDGAR
  7. May 15, 2026SCHEDULE 13G/A EDGAR
  8. May 15, 2026SCHEDULE 13G/A EDGAR
  9. May 5, 20264 EDGAR
  10. Apr 30, 2026SCHEDULE 13G EDGAR
  11. Apr 29, 2026SCHEDULE 13G EDGAR
  12. Apr 24, 20264 EDGAR
  13. Apr 24, 20264 EDGAR
  14. Apr 24, 20264 EDGAR
  15. Apr 24, 20264 EDGAR
  16. Apr 24, 20264 EDGAR
  17. Apr 24, 20264 EDGAR
  18. Apr 24, 20264 EDGAR
  19. Apr 24, 20264 EDGAR
  20. Apr 24, 20264 EDGAR

The 246 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 36 such filings since October 2021, the latest 10:

  1. Oct 8, 2026SCHEDULE 13G/A
  2. Jul 31, 2026SCHEDULE 13G/A
  3. May 15, 2026SCHEDULE 13G/A
  4. May 15, 2026SCHEDULE 13G/A
  5. Apr 30, 2026SCHEDULE 13G
  6. Apr 29, 2026SCHEDULE 13G
  7. Mar 27, 2026SCHEDULE 13G/A
  8. Feb 17, 2026SCHEDULE 13G/A
  9. Feb 12, 2026SCHEDULE 13G/A
  10. Feb 12, 2026SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.3,800,430$291.2M0.0%+99,367
Vanguard Portfolio Management LLC1,460,171$111.9M0.0%+41,009
Dimensional Fund Advisors LP1,457,242$111.7M0.0%−1,498
Bank Of Montreal /can/1,257,266$96.3M0.0%−150,937
Vanguard Capital Management LLC945,402$72.4M0.0%−34,360
State Street Corp909,679$69.7M0.0%+33,331
Geode Capital Management, LLC598,896$45.9M0.0%+7,563
Morgan Stanley591,719$45.3M0.0%+280,749
Marshfield Associates559,012$42.8M1.0%−233,918
Arrowstreet Capital, Limited Partnership447,693$34.3M0.0%−6,816
Qube Research & Technologies Ltd413,080$31.7M0.0%−24,545
Nuveen, LLC357,121$27.4M0.0%−25,640
Aqr Capital Management LLC343,994$26.3M0.0%+111,230
Charles Schwab Investment Management Inc339,542$26.0M0.0%−14,363
Two Sigma Investments, LP292,593$22.4M0.0%−62,439
Algert Global LLC275,342$21.1M0.3%+57,824
Van Lanschot Kempen Investment Management N.v.255,391$19.6M0.1%−41,589
Northern Trust Corp251,898$19.3M0.0%+946
Public Sector Pension Investment Board237,781$18.2M0.0%+55,777
Triodos Investment Management BV220,000$16.8M1.0%No change
Bank of New York Mellon Corp218,972$16.8M0.0%−4,348
Lightrock Netherlands B.V.210,155$16.1M3.2%+69,792
Royal Bank Of Canada193,230$14.8M0.0%−75,286
Barclays PLC175,748$13.5M0.0%+51,836
D. E. Shaw & Co., Inc.161,008$12.3M0.0%+19,455

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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