Strategic Education Cash Flow Statement
NASDAQ: STRAReal EstateOther Consumer ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Strategic Education free cash flow
In fiscal 2025, Strategic Education generated $198.2 million of operating cash flow and spent $44.3 million on capital expenditures. That left free cash flow of $153.9 million, a free-cash-flow margin of 12.1% of revenue. Free cash flow was up 19.6% from the prior year's $128.8 million.
Strategic Education returned $196.4 million to shareholders: $57.5 million in dividends and $138.9 million in share repurchases, equal to 128% of free cash flow. Free cash flow covered dividend payments 2.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Strategic Education cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 126.61M | 112.68M | 69.79M | 46.67M | 55.09M | 86.27M | 81.14M | -15.67M | 20.61M | 34.80M |
| Net Income growth (YoY) | +12.36% | +61.46% | +49.54% | -15.28% | -36.14% | +6.32% | — | -176.03% | -40.77% | -13.04% |
| Depreciation & Amortization | 48.40M | 44.40M | 48.40M | 52.00M | 59.10M | 51.80M | 49.50M | 31.40M | 18.70M | 17.80M |
| Stock-Based Compensation | 22.95M | 25.57M | 19.77M | 21.79M | 18.15M | 14.61M | 12.16M | 15.53M | 11.63M | 10.77M |
| Change in Working Capital | -4.43M | -9.11M | -22.10M | -2.14M | -7.23M | -51.14M | 7.60M | -6.68M | 11.01M | 3.44M |
| Operating Cash Flow | 198.20M | 169.33M | 117.12M | 126.05M | 180.53M | 142.91M | 202.15M | 46.87M | 56.16M | 44.52M |
| Capital Expenditures | -44.25M | -40.58M | -36.94M | -43.17M | -49.43M | -46.81M | -38.69M | -27.55M | -18.05M | -13.16M |
| Investing Cash Flow | 8.51M | -64.36M | -48.55M | -31.36M | -33.09M | -642.19M | -38.07M | 130.14M | -18.05M | -20.80M |
| Dividends Paid | -57.54M | -58.97M | -58.78M | -59.24M | -59.05M | -55.96M | -46.63M | -27.84M | -11.42M | — |
| Share Repurchases | -138.89M | -11.51M | -10.00M | -40.12M | -5.91M | -247.00K | 0 | 0 | — | — |
| Debt Issued | — | — | — | 0 | 0 | 145.63M | 0 | 0 | — | — |
| Financing Cash Flow | -206.16M | -136.77M | -113.61M | -142.36M | -67.89M | 279.19M | -55.82M | -21.21M | -11.42M | -1.36M |
| Net Change in Cash | 2.85M | -35.27M | -45.53M | -51.76M | 77.19M | -218.48M | 108.26M | 155.79M | 26.69M | 22.37M |
| Free Cash Flow | 153.95M | 128.75M | 80.18M | 82.88M | 131.09M | 96.09M | 163.46M | 19.32M | 38.11M | 31.36M |
This table shows 10 annual periods of Strategic Education's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow STRA's reporting calendar. What is a cash flow statement?