Short answer
Strategic Education, Inc. (STRA) filed its Q1 2026 10-Q quarterly report on Apr 23, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $306M (up 0.8% year over year) with net income of $33M.
Q1 2026 key financials · XBRL
- Revenue
- $306M
- +0.8% YoY
- Net income
- $33M
- +10.3% YoY
- Operating margin
- 13.4%
- EPS (diluted)
- $1.48
- +19.4% YoY
Source: XBRL data from the Strategic Education, Inc. (STRA) Q1 2026 10-Q on SEC EDGAR. USD.
Strategic Education, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $305.9M vs $303.6M YoY, up $2.3M
- Operating income $41.1M vs $39.8M YoY
- USHE enrollment 87,165, down 0.8% YoY
- ETS revenue higher; ANZ enrollment 19,570, down 2.5% YoY
- ANZ headwind from international enrollment constraints; cybersecurity incident resumed normal operations in less than one week
Risk Factors
- New regulatory risk: 33 NC-SARA policy proposals could restrict SARA participation, following the January 21, 2026 modification process
- Most material update: NC-SARA votes scheduled by October 28, 2026 on proposals affecting investigations, academic quality, financial stability, and consumer protection
- Compliance risk: July 1, 2024 rules require professional programs to satisfy state licensure, accreditation, and closure obligations for Title IV eligibility
- Operational risk: SARA exclusion would require separate authorization in every state, increasing costs and risking denials
- Financial risk: International operations expose the Company to exchange-rate fluctuations, currency devaluations, and repatriation restrictions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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