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Sep 30, 2023
Strategic Education Q3 2023 Earnings Report
Strategic Education reported strong Q3 2023 results with revenue and earnings growth across all segments.
Key Takeaways
Strategic Education reported an 8.7% increase in revenue to $285.9 million and net income of $18.5 million for Q3 2023. The company saw enrollment growth in the U.S. Higher Education segment, driven by employer-affiliated enrollment, as well as strong growth in the Education Technology Services segment.
Revenue increased by 8.7% to $285.9 million compared to Q3 2022.
Income from operations was $25.6 million, representing 9.0% of revenue.
Net income reached $18.5 million, compared to $6.1 million in the same period last year.
Diluted earnings per share increased to $0.77, up from $0.25 in Q3 2022.
Revenue by Segment
Revenue by Geographic Location
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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