Strategic Education Inc Income Statement
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
1998
1997
1996
1,133M
6.33%
635M
498M
384M
384M
0M
113M
7M
101M
24M
70M
49.54%
1,020M
0M
170M
59M
113M
1,065M
-5.85%
597M
468M
394M
380M
0M
71M
8M
70M
23M
47M
-15.28%
991M
0M
140M
63M
71M
1,132M
10.12%
608M
523M
413M
361M
0M
147M
4M
77M
22M
55M
-36.14%
1,021M
0M
251M
103M
147M
1,028M
3.06%
533M
495M
359M
295M
0M
162M
1M
114M
28M
86M
6.32%
892M
0M
271M
109M
162M
997M
57.23%
531M
467M
334M
272M
0M
154M
31M
124M
43M
81M
-617.76%
865M
0M
259M
105M
154M
634M
39.43%
340M
294M
251M
57M
0M
-23M
0M
-19M
-3M
-16M
-176.03%
591M
0M
163M
55M
109M
455M
3.12%
245M
210M
157M
55M
0M
52M
1M
53M
32M
21M
-40.77%
403M
-1M
71M
19M
52M
441M
1.53%
241M
200M
143M
46M
0M
57M
1M
57M
22M
35M
-13.04%
384M
-1M
75M
0M
57M
434M
-2.60%
234M
200M
131M
44M
0M
70M
4M
66M
26M
40M
-13.66%
365M
0M
88M
0M
70M
446M
-11.43%
236M
210M
128M
45M
0M
82M
5M
77M
0M
46M
182.23%
364M
0M
102M
0M
82M
504M
-10.39%
310M
193M
160M
65M
0M
33M
5M
27M
0M
16M
-75.09%
471M
0M
68M
0M
33M
562M
-10.43%
300M
262M
148M
50M
0M
114M
5M
109M
0M
66M
-37.83%
448M
0M
138M
0M
114M
627M
-1.46%
292M
335M
156M
82M
0M
179M
4M
176M
0M
106M
-19.21%
448M
0M
201M
0M
179M
637M
24.37%
205M
432M
216M
102M
0M
216M
1M
217M
0M
131M
24.92%
421M
0M
232M
0M
215M
512M
29.19%
167M
345M
173M
80M
0M
172M
0M
174M
0M
105M
30.03%
340M
0M
185M
0M
171M
396M
24.61%
131M
265M
269M
62M
0M
127M
0M
131M
0M
81M
24.44%
269M
0M
137M
0M
127M
318M
20.62%
109M
209M
130M
51M
0M
80M
0M
104M
0M
65M
24.15%
238M
0M
81M
0M
73M
264M
19.56%
91M
173M
93M
41M
0M
80M
0M
84M
0M
52M
8.83%
184M
0M
82M
0M
75M
221M
20.37%
77M
144M
69M
28M
0M
75M
0M
78M
0M
48M
16.55%
146M
0M
79M
0M
72M
183M
24.60%
64M
119M
54M
24M
0M
65M
0M
67M
0M
41M
22.47%
118M
0M
70M
0M
64M
147M
25.97%
53M
94M
41M
20M
0M
53M
0M
55M
0M
34M
30.60%
94M
0M
53M
0M
49M
117M
25.66%
42M
75M
34M
34M
0M
41M
0M
43M
0M
26M
13.04%
75M
0M
43M
0M
40M
93M
18.75%
34M
59M
26M
26M
0M
34M
0M
37M
0M
23M
5.07%
59M
0M
32M
0M
30M
78M
12.05%
28M
50M
19M
19M
0M
31M
0M
36M
0M
22M
12.48%
47M
0M
28M
0M
26M
70M
10.97%
25M
45M
17M
17M
0M
28M
0M
32M
0M
19M
7.82%
42M
0M
25M
0M
23M
63M
18.46%
22M
41M
14M
14M
0M
26M
0M
29M
0M
18M
24.31%
37M
0M
25M
0M
23M
53M
18.00%
20M
33M
13M
13M
0M
21M
0M
23M
0M
14M
0.70%
32M
0M
19M
0M
18M
45M
-
17M
28M
12M
11M
0M
16M
0M
17M
0M
14M
0.70%
29M
0M
16M
0M
15M
Concept
Total Revenue
YoY
Cost of Goods Sold (COGS)
Gross Profit
Operating expenses
Selling, General & Administrative
Research & Development
Operating Income
Interest Expense
Income Before Tax
Tax Provision
Net Income
YoY
Total Expenses
Net Interest Income
EBITDA
Reconciled Depreciation
EBIT
4Q2023
3Q2023
2Q2023
1Q2023
4Q2022
3Q2022
2Q2022
1Q2022
4Q2021
3Q2021
2Q2021
1Q2021
4Q2020
3Q2020
2Q2020
1Q2020
4Q2019
3Q2019
2Q2019
1Q2019
4Q2018
3Q2018
2Q2018
1Q2018
4Q2017
3Q2017
2Q2017
1Q2017
4Q2016
3Q2016
2Q2016
1Q2016
4Q2015
3Q2015
2Q2015
1Q2015
4Q2014
3Q2014
2Q2014
1Q2014
4Q2013
3Q2013
2Q2013
1Q2013
4Q2012
3Q2012
2Q2012
1Q2012
4Q2011
3Q2011
2Q2011
1Q2011
4Q2010
3Q2010
2Q2010
1Q2010
4Q2009
3Q2009
2Q2009
1Q2009
4Q2008
3Q2008
2Q2008
1Q2008
4Q2007
3Q2007
2Q2007
1Q2007
4Q2006
3Q2006
2Q2006
1Q2006
4Q2005
3Q2005
2Q2005
1Q2005
4Q2004
3Q2004
2Q2004
1Q2004
4Q2003
3Q2003
2Q2003
1Q2003
4Q2002
3Q2002
2Q2002
1Q2002
4Q2001
3Q2001
2Q2001
1Q2001
4Q2000
3Q2000
2Q2000
1Q2000
4Q1999
3Q1999
2Q1999
1Q1999
4Q1998
3Q1998
2Q1998
1Q1998
4Q1997
3Q1997
2Q1997
1Q1997
4Q1996
3Q1996
2Q1996
1Q1996
303M
12.14%
155M
148M
92M
92M
0M
55M
1M
55M
16M
39M
113.48%
247M
0M
68M
12M
55M
286M
8.67%
156M
130M
101M
98M
0M
26M
2M
26M
8M
18M
203.00%
257M
0M
47M
15M
33M
288M
5.16%
161M
126M
102M
99M
0M
17M
2M
20M
6M
14M
-6.50%
264M
0M
46M
16M
31M
257M
-0.87%
153M
104M
99M
95M
0M
11M
12M
-1M
1M
-2M
-128.85%
252M
0M
25M
15M
11M
270M
-0.79%
152M
118M
94M
91M
0M
20M
8M
28M
9M
18M
-15.46%
246M
0M
23M
14M
20M
263M
-2.58%
153M
110M
101M
98M
0M
8M
2M
8M
1M
6M
58.07%
254M
0M
25M
16M
8M
274M
-8.56%
147M
126M
100M
97M
0M
30M
8M
22M
7M
15M
-23.81%
248M
0M
47M
17M
30M
259M
-10.84%
145M
114M
99M
95M
0M
18M
6M
12M
5M
7M
-26.61%
243M
0M
34M
16M
18M
272M
1.72%
149M
123M
89M
85M
0M
28M
0M
29M
8M
22M
266.40%
238M
0M
44M
15M
40M
270M
12.99%
154M
116M
105M
96M
0M
7M
0M
6M
2M
4M
-64.84%
258M
0M
38M
22M
16M
299M
16.94%
153M
146M
113M
93M
0M
27M
0M
27M
7M
20M
-41.51%
266M
0M
72M
32M
40M
290M
9.44%
153M
138M
106M
87M
0M
12M
0M
14M
5M
10M
-72.82%
259M
0M
85M
35M
51M
267M
1.41%
147M
120M
103M
85M
0M
4M
0M
4M
-2M
6M
-79.27%
250M
0M
50M
31M
32M
239M
-1.13%
127M
112M
89M
74M
0M
15M
0M
16M
5M
11M
-34.34%
217M
0M
56M
26M
29M
256M
4.37%
126M
130M
83M
67M
0M
46M
0M
48M
14M
34M
39.92%
208M
0M
64M
26M
49M
265M
7.62%
133M
132M
85M
69M
0M
44M
0M
46M
11M
35M
206.43%
218M
0M
77M
26M
51M
264M
8.95%
133M
130M
83M
68M
0M
37M
1M
40M
11M
29M
27.09%
216M
0M
73M
26M
58M
242M
50.20%
133M
109M
88M
72M
0M
20M
1M
23M
7M
17M
-131.63%
220M
0M
49M
26M
23M
245M
113.76%
131M
114M
84M
68M
0M
28M
1M
32M
7M
24M
370.49%
214M
0M
60M
27M
34M
247M
111.65%
134M
112M
80M
64M
0M
26M
0M
29M
18M
12M
21.47%
214M
0M
66M
26M
40M
242M
103.95%
118M
124M
96M
19M
0M
19M
0M
21M
0M
22M
-445.73%
215M
0M
51M
25M
36M
161M
48.32%
93M
68M
82M
16M
0M
-57M
0M
-56M
0M
-53M
-947.62%
175M
0M
48M
19M
28M
115M
1.73%
65M
50M
37M
11M
0M
4M
0M
5M
0M
5M
-49.64%
101M
0M
18M
5M
13M
116M
1.35%
64M
53M
36M
11M
0M
11M
0M
12M
0M
9M
-10.50%
100M
0M
22M
5M
17M
119M
-0.48%
65M
54M
42M
19M
0M
12M
0M
12M
0M
-6M
-155.43%
107M
0M
12M
5M
7M
109M
6.22%
57M
52M
43M
11M
0M
8M
0M
8M
0M
6M
116.37%
100M
0M
13M
5M
8M
113M
3.90%
62M
51M
37M
13M
0M
14M
0M
14M
0M
10M
32.31%
99M
0M
14M
5M
9M
115M
3.37%
61M
53M
35M
12M
0M
18M
0M
18M
0M
11M
-14.83%
96M
0M
23M
4M
18M
119M
4.94%
65M
54M
35M
13M
0M
20M
0M
20M
0M
12M
-10.14%
100M
0M
24M
5M
20M
102M
3.04%
56M
46M
41M
11M
0M
5M
0M
5M
0M
3M
-22.70%
97M
0M
9M
4M
5M
108M
-1.15%
62M
47M
34M
12M
0M
13M
0M
13M
0M
8M
-34.43%
96M
0M
17M
4M
13M
111M
-0.64%
58M
53M
33M
10M
0M
20M
0M
20M
0M
12M
9.09%
91M
0M
25M
4M
20M
114M
-2.08%
60M
54M
32M
11M
0M
22M
0M
22M
0M
13M
0.76%
92M
0M
26M
4M
22M
99M
-1.60%
55M
44M
37M
11M
0M
7M
1M
6M
0M
4M
-24.83%
92M
0M
12M
4M
7M
110M
-2.66%
59M
51M
30M
11M
0M
21M
1M
20M
0M
12M
-13.18%
89M
0M
26M
5M
21M
112M
-3.93%
60M
52M
32M
12M
0M
20M
1M
19M
0M
11M
-22.99%
92M
0M
25M
5M
20M
116M
-6.46%
61M
55M
32M
12M
0M
23M
1M
21M
0M
13M
-168.28%
93M
0M
27M
5M
23M
101M
-8.43%
56M
45M
36M
11M
0M
9M
1M
8M
0M
5M
57.29%
92M
0M
14M
5M
9M
113M
-14.57%
60M
53M
29M
11M
0M
24M
1M
23M
0M
14M
-8.83%
89M
0M
29M
5M
24M
116M
-15.30%
59M
57M
31M
11M
0M
26M
1M
25M
0M
15M
-14.21%
91M
0M
32M
6M
26M
124M
-12.58%
102M
22M
52M
29M
0M
-30M
1M
-31M
0M
-19M
-214.01%
154M
0M
-13M
17M
-30M
110M
-11.45%
64M
46M
40M
11M
0M
7M
1M
5M
0M
3M
-23.25%
103M
0M
13M
6M
7M
132M
-9.76%
71M
61M
34M
13M
0M
26M
1M
25M
0M
15M
-29.28%
106M
0M
33M
6M
26M
138M
-8.04%
73M
64M
34M
11M
0M
30M
1M
29M
0M
17M
-28.17%
108M
0M
36M
6M
30M
142M
-8.91%
78M
64M
36M
11M
0M
29M
1M
27M
0M
17M
-37.66%
113M
0M
29M
6M
23M
124M
-8.54%
73M
51M
43M
20M
0M
8M
1M
7M
0M
4M
-70.56%
116M
0M
14M
6M
8M
146M
-10.71%
76M
71M
34M
19M
0M
36M
1M
35M
0M
21M
-28.45%
110M
0M
42M
6M
36M
150M
-13.04%
74M
76M
35M
19M
0M
41M
1M
40M
0M
24M
-32.97%
109M
0M
47M
6M
41M
156M
-9.38%
72M
83M
38M
19M
0M
45M
1M
44M
0M
27M
-25.67%
110M
0M
51M
6M
45M
136M
-7.95%
68M
68M
43M
20M
0M
24M
1M
23M
0M
14M
-40.30%
111M
0M
30M
6M
24M
164M
2.83%
76M
87M
37M
21M
0M
50M
1M
49M
0M
30M
-16.86%
114M
0M
55M
5M
50M
172M
8.90%
75M
97M
38M
22M
0M
59M
0M
59M
0M
36M
-1.62%
113M
0M
64M
5M
59M
172M
16.81%
57M
115M
56M
26M
0M
59M
0M
59M
0M
36M
12.63%
113M
0M
63M
4M
59M
148M
29.07%
49M
99M
60M
26M
0M
38M
0M
39M
0M
23M
40.05%
109M
0M
42M
4M
38M
159M
26.48%
50M
109M
50M
26M
0M
59M
0M
59M
0M
36M
29.66%
101M
0M
63M
4M
58M
158M
26.85%
49M
109M
49M
24M
0M
60M
0M
60M
0M
36M
25.22%
98M
0M
64M
4M
60M
147M
28.81%
46M
101M
48M
22M
0M
52M
0M
53M
0M
32M
31.64%
95M
0M
56M
4M
52M
114M
31.45%
40M
74M
47M
20M
0M
27M
0M
28M
0M
17M
41.69%
87M
0M
30M
4M
27M
126M
28.60%
41M
85M
40M
20M
0M
45M
0M
45M
0M
28M
28.97%
81M
0M
45M
3M
41M
124M
28.23%
39M
85M
38M
18M
0M
48M
0M
48M
0M
29M
23.51%
77M
0M
50M
3M
47M
114M
28.22%
36M
79M
39M
13M
0M
39M
0M
40M
0M
24M
24.14%
75M
0M
41M
3M
39M
87M
24.61%
31M
56M
38M
15M
0M
18M
0M
19M
0M
12M
26.81%
69M
0M
20M
3M
17M
98M
24.16%
33M
65M
31M
15M
0M
34M
0M
34M
0M
21M
22.83%
64M
0M
35M
2M
33M
97M
21.05%
32M
65M
30M
15M
0M
36M
0M
38M
0M
24M
25.08%
62M
0M
36M
2M
34M
89M
19.95%
30M
59M
48M
11M
0M
11M
0M
31M
0M
19M
21.88%
78M
0M
12M
2M
9M
70M
23.14%
26M
44M
31M
12M
0M
13M
0M
15M
0M
9M
46.39%
57M
0M
13M
2M
11M
79M
20.31%
27M
52M
26M
13M
0M
26M
0M
28M
0M
17M
23.84%
53M
0M
27M
2M
25M
80M
19.53%
26M
54M
25M
12M
0M
29M
0M
30M
0M
19M
17.86%
51M
0M
30M
2M
28M
74M
19.82%
25M
50M
25M
4M
0M
24M
0M
25M
0M
16M
6.56%
50M
0M
25M
2M
23M
57M
20.40%
22M
35M
26M
26M
0M
9M
0M
10M
0M
6M
-1.58%
48M
0M
10M
2M
8M
66M
18.66%
23M
43M
21M
21M
0M
21M
0M
23M
0M
14M
11.92%
44M
0M
22M
2M
20M
67M
19.48%
22M
45M
20M
9M
0M
25M
0M
26M
0M
16M
13.24%
42M
0M
26M
2M
24M
62M
18.65%
20M
42M
18M
4M
0M
23M
0M
24M
0M
15M
13.02%
39M
0M
24M
2M
22M
47M
23.88%
18M
29M
19M
6M
0M
10M
0M
10M
0M
6M
26.48%
38M
0M
11M
2M
9M
55M
18.03%
20M
35M
16M
16M
0M
19M
0M
20M
0M
13M
9.84%
36M
0M
20M
2M
19M
56M
21.79%
18M
38M
15M
15M
0M
22M
0M
23M
0M
14M
22.87%
34M
0M
23M
1M
22M
52M
20.51%
17M
35M
14M
3M
0M
21M
0M
21M
0M
13M
19.61%
31M
0M
22M
2M
20M
38M
26.73%
15M
23M
15M
15M
0M
8M
0M
8M
0M
5M
4.86%
30M
0M
9M
2M
7M
47M
26.64%
17M
30M
12M
6M
0M
18M
0M
19M
0M
11M
28.98%
28M
0M
20M
2M
18M
46M
25.65%
15M
31M
12M
12M
0M
19M
0M
19M
0M
11M
29.26%
28M
0M
20M
1M
18M
43M
26.96%
15M
29M
11M
1M
0M
17M
0M
18M
0M
11M
34.43%
26M
0M
18M
1M
17M
30M
30.26%
12M
18M
10M
12M
0M
7M
0M
8M
0M
5M
79.11%
23M
0M
6M
1M
5M
37M
23.95%
13M
24M
10M
10M
0M
14M
0M
15M
0M
9M
19.73%
23M
0M
15M
1M
13M
37M
23.56%
13M
24M
10M
10M
0M
14M
0M
15M
0M
9M
19.41%
23M
0M
15M
1M
14M
34M
25.67%
12M
22M
9M
9M
0M
14M
0M
14M
0M
8M
28.74%
20M
0M
15M
1M
14M
23M
26.36%
10M
13M
9M
9M
0M
4M
0M
4M
0M
3M
34.96%
19M
0M
4M
1M
3M
30M
25.17%
10M
19M
8M
8M
0M
12M
0M
12M
0M
7M
18.18%
18M
0M
12M
1M
11M
30M
25.60%
10M
20M
8M
8M
0M
12M
0M
12M
0M
7M
-8.69%
18M
0M
12M
1M
11M
27M
23.17%
10M
18M
8M
8M
0M
10M
0M
10M
0M
6M
-6.95%
17M
0M
10M
1M
10M
18M
24.04%
8M
10M
7M
7M
0M
3M
0M
3M
0M
2M
-5.55%
15M
0M
3M
1M
2M
24M
17.23%
9M
15M
6M
6M
0M
9M
0M
10M
0M
6M
6.29%
15M
0M
9M
1M
8M
24M
11.91%
8M
16M
5M
5M
0M
11M
0M
13M
0M
8M
19.49%
12M
0M
10M
1M
10M
22M
8.19%
8M
14M
5M
5M
0M
10M
0M
11M
0M
7M
13.03%
12M
0M
9M
1M
8M
15M
13.88%
7M
8M
6M
6M
0M
2M
0M
3M
0M
2M
41.73%
12M
0M
1M
1M
1M
20M
15.48%
7M
13M
5M
5M
0M
8M
0M
10M
0M
6M
6.87%
12M
0M
8M
1M
7M
21M
11.79%
7M
15M
4M
4M
0M
10M
0M
11M
0M
7M
9.84%
11M
0M
10M
0M
10M
20M
13.97%
7M
14M
4M
4M
0M
9M
0M
10M
0M
6M
7.02%
11M
0M
9M
1M
8M
13M
9.32%
6M
7M
5M
5M
0M
1M
0M
2M
0M
2M
-21.05%
12M
0M
1M
1M
0M
18M
7.32%
6M
11M
4M
4M
0M
8M
0M
9M
0M
6M
12.24%
10M
0M
7M
0M
6M
19M
12.50%
6M
13M
4M
4M
0M
9M
0M
10M
0M
6M
14.81%
10M
0M
9M
1M
8M
18M
14.01%
6M
12M
3M
3M
0M
9M
0M
10M
0M
6M
29.55%
9M
0M
8M
0M
8M
12M
18.00%
5M
7M
4M
4M
0M
2M
0M
3M
0M
2M
11.76%
10M
0M
2M
0M
2M
16M
20.59%
6M
11M
3M
3M
0M
7M
0M
8M
0M
5M
16.67%
9M
0M
7M
0M
7M
17M
21.74%
5M
12M
4M
4M
0M
8M
0M
9M
0M
5M
28.57%
9M
0M
8M
0M
7M
16M
23.62%
6M
10M
4M
3M
0M
7M
0M
7M
0M
4M
22.22%
9M
0M
6M
0M
6M
10M
20.48%
5M
5M
4M
4M
0M
1M
0M
3M
0M
2M
30.77%
9M
0M
1M
0M
0M
14M
17.24%
5M
9M
3M
3M
0M
6M
0M
7M
0M
4M
44.83%
8M
0M
6M
0M
6M
14M
11.29%
5M
9M
3M
3M
0M
6M
0M
7M
0M
4M
44.83%
7M
0M
6M
0M
6M
13M
-
4M
9M
2M
2M
0M
6M
0M
6M
0M
4M
44.83%
7M
0M
6M
0M
6M
8M
-
4M
5M
4M
3M
0M
1M
0M
1M
0M
1M
44.83%
7M
0M
1M
0M
1M
12M
-
4M
7M
3M
0M
0M
5M
0M
5M
0M
3M
44.83%
7M
0M
4M
0M
4M
12M
-
0M
12M
0M
0M
0M
12M
0M
0M
0M
3M
44.83%
0M
0M
12M
0M
0M