--- title: "Strategic Edu | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 337.26 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/294192097.md" datetime: "2026-07-29T10:37:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294192097.md) - [en](https://longbridge.com/en/news/294192097.md) - [zh-HK](https://longbridge.com/zh-HK/news/294192097.md) --- # Strategic Edu | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 337.26 M Revenue: As of FY2026 Q2, the actual value is USD 337.26 M, beating the estimate of USD 327.55 M. EPS: As of FY2026 Q2, the actual value is USD 1.71. EBIT: As of FY2026 Q2, the actual value is USD 51.83 M. ### Consolidated Operational Metrics (Three Months Ended June 30, 2026 vs. 2025) #### Income from Operations Income from operations for Strategic Education, Inc. was $50.5 million, or 15.0% of revenue, for the three months ended June 30, 2026, up from $45.8 million, or 14.2% of revenue, for the same period in 2025. Adjusted income from operations on a constant currency basis was $52.7 million, compared to $48.5 million for the same period in 2025, with an adjusted operating income margin of 16.0% compared to 15.1%. #### Net Income Net income was $37.2 million for the three months ended June 30, 2026, compared to $32.3 million for the same period in 2025. Adjusted net income on a constant currency basis was $38.2 million, compared to $35.8 million for the same period in 2025. #### Adjusted EBITDA Adjusted EBITDA was $71.7 million, compared to $68.3 million for the same period in 2025. #### Share Repurchases Strategic Education, Inc. repurchased 420,624 shares of common stock for $32.8 million during the three months ended June 30, 2026, and 913,729 shares for $72.7 million during the six months ended June 30, 2026. #### Bad Debt Expense Consolidated bad debt expense as a percentage of revenue was 3.3% for the second quarter of 2026, compared to 4.0% for the same period in 2025. ### Education Technology Services Segment Operational Metrics (Three Months Ended June 30, 2026 vs. 2025) #### Operational Metrics ETS income from operations was $19.6 million, compared to $15.0 million for the same period in 2025. The operating income margin was 46.2%, compared to 41.0% for the same period in 2025. #### Unique Metrics Average total subscribers at Sophia Learning increased approximately 32% year-over-year. Sophia Learning revenue increased 26.7% to $20.7 million, compared to $16.4 million for the same period in 2025. Workforce Edge had 81 corporate agreements, collectively employing approximately 4,020,000 employees as of June 30, 2026. ### U.S. Higher Education Segment Operational Metrics (Three Months Ended June 30, 2026 vs. 2025) #### Operational Metrics Income from operations was $32.4 million, compared to $20.8 million for the same period in 2025. The operating income margin was 14.7%, compared to 9.6% for the same period in 2025. #### Unique Metrics Student enrollment decreased 0.5% to 85,894, compared to 86,339 for the same period in 2025. Employer affiliated enrollment reached 34.7% of USHE enrollment, up from 31.8% in the prior year. The healthcare portfolio’s total enrollment increased 11% year-over-year, comprising 52% of USHE total enrollment, up from 47% in the prior year. Approximately 38% of USHE’s total healthcare enrollment is from employer partners. FlexPath enrollment constituted 25% of USHE enrollment, compared to 23% in the prior year, with healthcare programs making up 73% of FlexPath enrollment. ### Australia/New Zealand Segment Operational Metrics (Three Months Ended June 30, 2026 vs. 2025) #### Operational Metrics Income from operations was $1.0 million, compared to $12.8 million for the same period in 2025. The operating income margin was 1.3%, compared to 18.4% for the same period in 2025. On a constant currency basis, income from operations was $0.8 million, compared to $12.8 million for the same period in 2025, with an operating income margin of 1.2% compared to 18.4%. Strategic Education, Inc. recorded a $13.9 million reserve ($12.7 million on a constant currency basis) associated with the Australian Fair Work Ombudsman compliance matter. #### Unique Metrics Student enrollment decreased 5.2% to 17,555, compared to 18,524 for the same period in 2025. ### Balance Sheet and Cash Flow (Six Months Ended June 30, 2026 vs. 2025) #### Cash and Marketable Securities As of June 30, 2026, Strategic Education, Inc. had cash, cash equivalents, and marketable securities totaling $133.8 million. #### Cash Flow from Operating Activities Cash provided by operations was $116.6 million for the first six months of 2026, compared to $98.9 million for the same period in 2025. #### Capital Expenditures Capital expenditures were $24.2 million for the first six months of 2026, compared to $21.2 million for the same period in 2025. Including cloud computing investments, capital expenditures were $28.6 million, compared to $29.7 million for the same period in 2025. #### Free Cash Flow Free cash flow was $92.4 million for the first six months of 2026, compared to $77.7 million for the same period in 2025. ### Common Stock Cash Dividend Strategic Education, Inc. declared a regular, quarterly cash dividend of $0.60 per share of common stock, payable on September 14, 2026. ### Outlook/Guidance No specific forward-looking financial guidance or outlook was provided in the report. The “Forward-Looking Statements” section primarily details risks and uncertainties that could affect future results. ### Related Stocks - [STRA.US](https://longbridge.com/en/quote/STRA.US.md) ## Related News & Research - [Vanguard Group Inc. 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