STRA at a glance
Strategic Education, Inc. (STRA, SEC CIK 1013934) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and Form 4 insider filings as recently as June 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Strategic Education, Inc. (STRA) reported revenue of $1.3 billion (up 4.0% from FY2024) and net income of $126.6 million. Diluted EPS was $5.41.
- As of June 30, 2026, 29 institutional investment managers tracked by SignalX reported holding Strategic Education, Inc. (STRA) shares worth $879.9 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Hokenson Christa on June 4, 2026 of 2,000 shares at $80.00 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $1.3B
- +4.0% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 29 funds
- $879.9M · +1 vs prior quarter
- Latest 8-K
- Jul 29, 2026
- Item 2.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business model: Postsecondary education and job-ready skills training via Capella University, Strayer University, Torrens University, and related education technology services
- New 2025 addition: Media Design School (MDS) became a wholly owned subsidiary of Strayer University with NZQA approval, adding creative/technology courses in New Zealand
- Strategic shift: Integration of MDS under Strayer's Middle States accreditation while retaining ANZ segment reporting for MDS
- Quantitative metric: Total USHE students 85,306 with 70% age 31 or older; ANZ students 19,514 with 45% international; Revenue $1.3 billion in 2025
- Noteworthy fact: Introduction of tuition cap pricing at Capella University and expanded student success scholarships to promote affordability and retention
Risk Factors
- Regulatory risk: Australian government proposed 2024 legislation limiting international student enrollments, impacting ANZ segment goodwill $510.3M and intangible assets $64.6M
- Geopolitical/macro risk: ANZ segment enrollment down 1.8% YoY to 19,232 in 2025, driven by international enrollment constraints and FX headwinds
- Operational/supply chain risk: ETS segment heavily dependent on employer partnerships for 32.3% of USHE enrollment, exposing revenue to contract renewal risks
- Competitive/market disruption risk: Growth in Sophia Learning subscriptions challenging traditional degree programs, shifting revenue mix in ETS segment (+41.4% revenue growth in 2025)
- Financial/structural risk: Restructuring costs rose to $21.9M in 2025 from $1.6M in 2024 due to severance and asset impairments affecting operating margins
AI summary of the STRA 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Filing excerpt truncated before quarterly financial results, preventing revenue and YoY comparison
- USHE enrollment 85,894, down 0.5% YoY; ANZ enrollment 17,555, down 5.2% YoY
- USHE employer-affiliated enrollment 34.7% vs 31.8% YoY
- ANZ worst performance by enrollment, down 5.2% to 17,555
- $13.9M reserve for Australian academic staff historical back-pay exposure, recorded in Q2 2026
Risk Factors
- Newly added NC-SARA risk triggered by 33 policy proposals received during the 2026 modification process
- Most material regulatory update: OBBBA accountability metrics effective July 1, 2026, with Direct Loan sanctions after two failures in three years
- Compliance exposure: additional borrower-defense claims expected between May and July 2026 following the Department’s March 2026 resumption
- Near-term funding risk: OBBBA eliminates graduate and professional Federal Direct PLUS loans effective July 2026
- Revenue concentration: Strayer derived 87.98% of fiscal 2025 cash-basis revenue from federal education assistance
AI summary of the STRA 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 2.02: Results of Operations and Financial Condition
- Strategic Education reported financial results for the quarter ended June 30, 2026
- Exhibit 99.1 contains the earnings release and detailed operating results
Item EX-99.1: Item EX-99.1
- Q2 revenue rose 4.9% to $337.3M, while operating income increased 10.3% to $50.5M
- Education Technology Services revenue grew 15.4% to $42.4M, with operating margin expanding to 46.2% from 41.0%
Item EX-99.1: Item EX-99.1
- Q1 revenue $305.9M, up 0.8%; constant-currency revenue declined 1.0%, exposing foreign-exchange support
- Education Technology Services revenue rose 21.0% to $41.5M, with operating income up 42% to $19.7M
Item 2.02: Results of Operations and Financial Condition
- Q1 fiscal 2026 results for period ended March 31, 2026
- Press release furnished as Exhibit 99.1 contains the financial results and management commentary
Item 2.02: Results of Operations and Financial Condition
- Q4/full-year 2025 earnings released Feb 26, 2026: results for period ended Dec 31, 2025
- Full financial details in Exhibit 99.1 press release; filing itself contains no standalone figures
AI summaries of STRA 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for STRA
Don't miss the next STRA filing
- Alerts as it files. A push when STRA files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut STRA, by share count.
- Ask anything. An AI agent that reads every STRA filing and answers with sources.
STRA alerts on your phone. Follow it in the SignalX Android app.
Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Hokenson Christa | Sell | Jun 4, 2026 | 2,000 | $80.00 |
| WAITE G THOMAS III | Sell | May 5, 2026 | 666 | $77.68 |
| Thawley Michael | Buy | Apr 24, 2026 | 665 | $72.71 |
| BROGLEY RITA D | A | Apr 22, 2026 | 1,436 | - |
| DINH VIET D | A | Apr 22, 2026 | 957 | $83.62 |
| Cappelli Gregory William | A | Apr 22, 2026 | 1,436 | - |
| BEASON CHARLOTTE F | A | Apr 22, 2026 | 1,436 | - |
| Slocum William J | A | Apr 22, 2026 | 1,436 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | - | $1.2B | $1.3B |
| Operating Income | - | $155.6M | $174.2M |
| Net Income | $69.8M | $112.7M | $126.6M |
| Op. Margin | - | 12.8% | 13.7% |
| Net Margin | - | 9.2% | 10.0% |
| Balance Sheet | |||
| Total Assets | $2.1B | $2.0B | $2.0B |
| Equity | - | $1.7B | $1.6B |
| ROE | - | 6.8% | 7.7% |
| Per Share | |||
| EPS | $2.91 | $4.67 | $5.41 |
| Cash Flow | |||
| Operating CF | - | $169.3M | $198.2M |
| CapEx | $36.9M | $40.6M | $44.3M |
Source: XBRL data in Strategic Education, Inc. (STRA)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate STRA share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 29 | $879.9M |
| Q1 2026 | 28 | $945.8M |
| Q4 2025 | 28 | $864.7M |
| Q3 2025 | 31 | $943.6M |
| Q2 2025 | 29 | $943.8M |
| Q1 2025 | 26 | $587.4M |
| Q4 2024 | 23 | $623.1M |
| Q3 2024 | 20 | $359.4M |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 214 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
STRA filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
8-K current reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Jul 29, 2026 | - | Analysis | - |
| 10-Q | Jul 29, 2026 | Jun 30, 2026 | Analysis | |
| 4 | Jun 5, 2026 | - | - | |
| 4 | May 5, 2026 | - | - | - |
| SC 13G | Apr 30, 2026 | - | - | |
| SC 13G | Apr 29, 2026 | - | - | |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 4 | Apr 24, 2026 | - | - | - |
| 10-Q | Apr 23, 2026 | Mar 31, 2026 | Analysis | |
| 8-K | Apr 23, 2026 | - | Analysis | - |
| 4 | Mar 20, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 4 | Mar 16, 2026 | - | - | - |
| 10-K | Feb 27, 2026 | Dec 31, 2025 | Analysis | |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
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STRA SEC filings: frequently asked questions
Which institutions hold STRA stock?
As of June 30, 2026, the largest Strategic Education, Inc. (STRA) holders among the 13F filers tracked by SignalX were BlackRock ($291.2 million), Vanguard Portfolio Management LLC ($111.9 million), Dimensional Fund Advisors ($111.7 million), Vanguard Capital Management LLC ($72.4 million), State Street Corp ($69.7 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was STRA's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Strategic Education, Inc. (STRA) reported revenue of $1.3 billion (up 4.0% from FY2024) and net income of $126.6 million. Diluted EPS was $5.41. The figures come from the XBRL data in the 10-K.
What are the main risks in STRA's latest 10-K?
In the 10-K filed February 27, 2026, Strategic Education, Inc. (STRA) flagged: Regulatory risk: Australian government proposed 2024 legislation limiting international student enrollments, impacting ANZ segment goodwill $510.3M and intangible assets $64.6M. Geopolitical/macro risk: ANZ segment enrollment down 1.8% YoY to 19,232 in 2025, driven by international enrollment constraints and FX headwinds. (AI summary of the Risk Factors section.)
What did STRA report in its latest 8-K?
Strategic Education, Inc. (STRA) filed an 8-K on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition). Strategic Education reported financial results for the quarter ended June 30, 2026.
What are the latest STRA SEC filings?
Strategic Education, Inc. (STRA) filed its latest 10-K annual report on February 27, 2026, a 10-Q quarterly report on July 29, 2026, an 8-K current report on July 29, 2026 and a Form 4 insider filing on June 5, 2026.
What is STRA's SEC CIK number?
Strategic Education, Inc. (STRA)'s SEC Central Index Key (CIK) is 1013934. EDGAR lists every STRA filing under that number.
Ask anything about STRA
The research agent reads STRA's filings, financials, insider trades and 13F holders, then answers with sources.