Short answer
Strategic Education, Inc. (STRA) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $320M (up 4.6% year over year) with net income of $27M.
Q3 2025 key financials · XBRL
- Revenue
- $320M
- +4.6% YoY · −0.5% QoQ
- Net income
- $27M
- −4.0% YoY · −17.6% QoQ
- Operating margin
- 11.6%
- EPS (diluted)
- $1.15
- +0.0% YoY · −16.1% QoQ
Source: XBRL data from the Strategic Education, Inc. (STRA) Q3 2025 10-Q on SEC EDGAR. USD.
Strategic Education, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New regulatory risk: 90/10 Rule expansion effective FY2023 includes all federal education assistance, adding DoD and VA benefits, increasing risk of losing federal aid eligibility
- Most material legal update: 2024 Title IX Rule rescinded nationwide in January 2025, reverting to 2020 rule; ongoing injunctions affect compliance and enforcement landscape
- Regulatory/compliance risk: Borrower Defense to Repayment 2022 final rule enjoined by Fifth Circuit in August 2023, causing uncertainty and potential financial liabilities
- Operational risk: Potential loss of State Authorization Reciprocity Agreement participation if NC-SARA adopts new policies limiting for-profit institution inclusion
- Financial risk: OBBBA signed July 2025 modifies federal student loan repayment, eliminating unemployment deferments and changing rehabilitation, risking higher graduate defaults
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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