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Mar 31
Grand Canyon Education Q1 2025 Earnings Report
Reported financial results for the quarter ended March 31, 2025
Key Takeaways
Grand Canyon Education, Inc. reported a solid first quarter for 2025, with service revenue increasing by 5.3% year-over-year, driven primarily by a 5.8% rise in partner enrollments. Both net income and diluted EPS also saw increases compared to the same period last year.
Service revenue for Q1 2025 was $289.3 million, a 5.3% increase from Q1 2024.
Partner enrollments grew by 5.8% to 127,779 as of March 31, 2025.
Net income for Q1 2025 was $71.6 million, up 5.3% year-over-year.
Diluted net income per share increased to $2.52 in Q1 2025 from $2.29 in Q1 2024.
Grand Canyon Education
Grand Canyon Education
Grand Canyon Education Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.com Forward Guidance
Grand Canyon Education provided financial guidance for the second, third, and fourth quarters of 2025, as well as the full year 2025, including expectations for service revenue, operating margin, effective tax rate, and diluted EPS.
Positive Outlook
- Full year 2025 service revenue is expected to be between $1,079.8 million and $1,099.8 million.
- Full year 2025 diluted EPS is projected between $8.36 and $8.70.
- Full year 2025 non-GAAP diluted income per share is anticipated between $8.59 and $8.93.
- Guidance provided for Q2, Q3, and Q4 2025 indicates continued revenue and EPS generation.
- Operating margins are expected to remain strong throughout the guided periods.
Challenges Ahead
- Guidance includes potential fluctuations in operating margin across quarters.
- Effective tax rates are projected to vary slightly between quarters.
- Diluted shares are expected to decrease throughout the year.
- Amortization of intangible assets will impact diluted EPS.
- Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially.