10-Q quarterly report · filed Oct 29, 2025

Graham Holdings Co (GHC) Q3 2025 10-Q Quarterly Report

Short answer

Graham Holdings Co (GHC) filed its Q3 2025 10-Q quarterly report on Oct 29, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $1.3B (up 5.9% year over year) with net income of $123M.

Q3 2025 key financials · XBRL

Revenue
$1.3B
+5.9% YoY · +5.2% QoQ
Net income
$123M
+69.5% YoY · +234.5% QoQ
Operating margin
5.2%
EPS (diluted)
$27.94
+70.6% YoY · +234.2% QoQ

Source: XBRL data from the Graham Holdings Co (GHC) Q3 2025 10-Q on SEC EDGAR. USD.

Graham Holdings Co Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk: U.S. student visa policy tightening under 2025 administration increasing visa vetting, adversely affecting Kaplan’s U.S. Pathways and Languages Group
  • Materially updated risk: U.K. L7 apprenticeship funding cut from 2026 restricting levy funds to under-21s, shifting to self-funded commercial transactions, impacting Kaplan Financial
  • Regulatory risk: Compliance with varied international laws (U.S. FCPA, U.K. Bribery Act), with penalties or revocation risk for Kaplan’s international operations
  • Market risk: Emerging pandemics or geopolitical instability could disrupt international student travel, materially hurting Kaplan International enrollments and revenues
  • Financial risk: Heavy reliance on government education funding and student loans globally; reductions or loss of access could materially harm Kaplan’s operating results

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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