STRA Strategic Education, Inc.

FY2025 10-K
Filed: Feb 27, 2026
Consumer Discretionary
Services-Educational ServicesSEC EDGAR

Strategic Education, Inc. (STRA) filed its fiscal year 2025 10-K annual report with the SEC on Feb 27, 2026. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2025 10-K

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
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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
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Financial Summary
XBRL

Revenue

$1.3B

Net Income

$127M

Operating Margin

13.7%

Net Margin

10.0%

ROE

7.7%

Total Assets

$2.0B

EPS (Diluted)

$5.41

Operating Cash Flow

$198M

Source: XBRL data from Strategic Education, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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