--- title: "Grand Canyon Edu | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 308.12 M" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/276270617.md" datetime: "2026-02-18T21:08:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/276270617.md) - [en](https://longbridge.com/en/news/276270617.md) - [zh-HK](https://longbridge.com/zh-HK/news/276270617.md) --- > 支持的语言: [English](https://longbridge.com/en/news/276270617.md) | [繁體中文](https://longbridge.com/zh-HK/news/276270617.md) # Grand Canyon Edu | 8-K: FY2025 Q4 Revenue Beats Estimate at USD 308.12 M Revenue: As of FY2025 Q4, the actual value is USD 308.12 M, beating the estimate of USD 308.1 M. EPS: As of FY2025 Q4, the actual value is USD 3.14, beating the estimate of USD 3.13. EBIT: As of FY2025 Q4, the actual value is USD 104.38 M. #### Fourth Quarter 2025 Financial and Operational Highlights ##### Segment Revenue Grand Canyon Education, Inc. reported service revenue of $308.1 million for the three months ended December 31, 2025, an increase of $15.5 million, or 5.3%, compared to $292.6 million for the same period in 2024. This increase was primarily driven by a 7.1% rise in university partner enrollments to 136,239 at December 31, 2025, from 127,155 at December 31, 2024. ##### Operational Metrics Operating income for the three months ended December 31, 2025, was $108.1 million, an 8.1% increase from $100.0 million in the prior year period. The operating margin improved to 35.1% in 2025 from 34.2% in 2024. Income tax expense increased 13.5% to $25.0 million for the three months ended December 31, 2025, from $22.1 million in the same period of 2024. The effective tax rate rose to 22.4% in 2025 from 21.2% in 2024. Net income was $86.7 million for the fourth quarter of 2025, a 5.9% increase from $81.9 million in the fourth quarter of 2024. As adjusted net income was $88.7 million in 2025, compared to $85.1 million in 2024. Adjusted EBITDA increased 5.8% to $123.3 million for the fourth quarter of 2025, up from $116.6 million in the same period of 2024. ##### Unique Metrics University partner enrollments increased 7.1% to 136,239 at December 31, 2025, from 127,155 at December 31, 2024. GCU enrollments increased 7.0% to 131,826 at December 31, 2025, compared to December 31, 2024. University partner enrollments at off-campus classroom and laboratory sites rose 16.6% to 5,738. Grand Canyon Education, Inc. opened five new sites in 2025, bringing the total to 47 at year-end. GCU ground student enrollments were 24,678 at December 31, 2025, up from 24,552 in 2024, while GCU online enrollments increased 8.7% to 107,148 from 98,597. #### Full Year 2025 Financial and Operational Highlights ##### Segment Revenue For the year ended December 31, 2025, service revenue was $1,106.1 million, an increase of $73.1 million, or 7.1%, from $1,033.0 million in 2024. This growth was mainly due to the 7.1% increase in university partner enrollments. ##### Operational Metrics Operating income for the year ended December 31, 2025, decreased 3.4% to $265.9 million, from $275.4 million in 2024. The operating margin declined to 24.0% in 2025 from 26.7% in 2024. Adjusted operating income was $313.0 million with an adjusted operating margin of 28.3% in 2025, compared to $287.0 million and 27.8% in 2024. Income tax expense decreased 2.2% to $63.7 million for the year ended December 31, 2025, from $65.1 million in 2024. The effective tax rate was 22.8% in 2025, up from 22.3% in 2024. Net income for the year ended December 31, 2025, was $216.2 million, a 4.4% decrease from $226.2 million in 2024. As adjusted net income was $254.5 million in 2025, compared to $235.2 million in 2024. Adjusted EBITDA increased 8.4% to $368.6 million for the year ended December 31, 2025, from $340.0 million in 2024. ##### Cash Flow Net cash provided by operating activities was $273.5 million for the year ended December 31, 2025, compared to $289.9 million in 2024. Net cash used in investing activities was - $221.6 million for the year ended December 31, 2025, compared to net cash provided by investing activities of $61.4 million in 2024. Capital expenditures were $34.8 million in 2025, compared to $37.2 million in 2024. Net cash used in financing activities was - $264.8 million for the year ended December 31, 2025, compared to - $173.2 million in 2024. Repurchases of common shares and shares withheld for income taxes amounted to - $264.8 million in 2025, compared to - $173.2 million in 2024. ##### Liquidity Unrestricted cash and cash equivalents and investments were $300.1 million at December 31, 2025, down from $324.6 million at December 31, 2024. This decrease of $24.5 million was largely attributed to cash expended for share repurchases and capital expenditures exceeding cash provided by operations during 2025. #### 2026 Outlook Grand Canyon Education, Inc. projects full-year 2026 service revenue between $1,167.5 million and $1,189.0 million, with an operating margin between 27.5% and 28.8%. Diluted EPS is predicted to be between $9.55 and $10.16. Quarterly guidance indicates Q1 2026 service revenue of $307.0 million to $308.0 million with an operating margin of 30.0% to 30.3%, and Q4 2026 service revenue of $329.0 million to $338.5 million with an operating margin of 36.4% to 38.2%. ### 相关股票 - [Grand Canyon Edu (LOPE.US)](https://longbridge.com/zh-CN/quote/LOPE.US.md) ## 相关资讯与研究 - [Grand Canyon Education, Inc. $LOPE Shares Acquired by American Century Companies Inc.](https://longbridge.com/zh-CN/news/278204946.md) - [Harbor Capital Advisors Inc. Cuts Position in FormFactor, Inc. $FORM](https://longbridge.com/zh-CN/news/281681607.md) - [Wealth First Promoters Confirm 74% Stake With No Encumbrance in FY26](https://longbridge.com/zh-CN/news/281530653.md) - [US visa curbs fallout: Indian students in US drop 6.9% to 352,644 in 2026](https://longbridge.com/zh-CN/news/281606469.md) - [Sri Lotus Developers Grants 1.2 Million ESOPs Under 2024 Scheme](https://longbridge.com/zh-CN/news/281348606.md)